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To: Sarmad Y. Hermiz who wrote (52329)	4/22/1999 10:31:00 PM
From: Glenn D. Rudolph	Respond to of 164684

I hope I am not too late with these. Busy day for me: "Sprint, other holders to sell 31 mln AOL shares NEW YORK, April 22 (Reuters) - U.S. phone carrier Sprint Corp. <FON.N> plans to sell a nearly 3 percent stake in America Online Inc. <AOL.N> worth $4 billion at current market prices, an AOL spokesman said Thursday. In a filing with the Securities and Exchange Commission, America Online disclosed that Sprint's Sprint Communications Co. LP unit planned to sell 28.8 million AOL shares. Other shareholders also filed to sell smaller lots of AOL stock, including stakeholders in two private companies AOL recently agreed to purchase -- PersonaLogic, acquired in November, and When Inc., acquired in March. Among others, Vulcan Ventures Inc., the investing firm of Microsoft Corp. <MSFT.O> co-founder Paul Allen, filed to sell 269,188 shares. In total, more than 31 million share of AOL, the world's top Internet services company, were registered for sale, according to the AOL filing. Sprint obtained the AOL shares in 1993 as part of a deal by the telecommunications company to supply AOL with wholesale network capacity for AOL's online service, the filing said. AOL spokesman Jim Whitney confirmed the planned sale. He said AOL continues to use Sprint to supply it with raw Internet access capacity, but declined to say what percentage of its capacity came from Sprint. A Sprint spokesman said he could not comment immediately. The company was preparing a statement to be released shortly, he said. Over the past year, AOL has come to rely on Sprint rival MCI WorldCom Inc. <WCOM.O> for the lion's share of its network capacity. Indirectly, Sprint also competes with AOL through its one-third stake in Earthlink Network Inc. <ELNK.O>. Earthlink is AOL's largest Internet access rival, but its roughly 1.1 million subscribers are just a fraction of the more than 17 million subscribers to America Online's flagship AOL service. "