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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Sonny Bui who wrote (12562)4/24/1999 4:21:00 AM
From: Uncle Frank  Respond to of 41369
 
>>you never like to see large, presumably savvy investors cashing out major holdings

Sprint is a supplier and the owner of a competitor to aol, not a "savvy investor". They accidentally made a great profit, and want to enrigh their upcoming earnings report. Not a big deal at all; just a lot of stock.

Frank



To: Sonny Bui who wrote (12562)4/25/1999 2:14:00 AM
From: The Insider  Read Replies (3) | Respond to of 41369
 
>>>news that Sprint (NYSE: FON) plans to sell 28.8 million AOL shares may have dampened investors' spirits.

Sprint entered into a hedge in 1995/6 that would cap it's gains on AOL @ 90 million (if they had not they would have made 4 billion). So holding the shares gives them 90 million on paper and selling then gives then 90 million in the bank......NO INCENTIVE TO HOLD THE STOCK !!!


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