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

To: The Insider who wrote (12669)	4/25/1999 2:22:00 AM
From: Mike S.	Read Replies (1) \| Respond to of 41369

Sprint can't sell till the end of the year therefore will not affect AOL for quite some although I hardly thing that the selling of the 28M shares would hardly affect anything giving the current float of 1,023,802,000 outstanding shares. So get real here. Screw Sprint!

To: The Insider who wrote (12669)	4/25/1999 9:17:00 AM
From: mike thomas	Respond to of 41369

I read this the other day as I was thinking of buying some fon stock. Made me rethink, if they are dumb enough to leave 2 billion on the table they are too dumb for me to invest in. regards

To: The Insider who wrote (12669)	4/25/1999 9:05:00 PM
From: Islander99	Respond to of 41369

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 !!! Could someone explain to me why Sprint would have held onto these 28 million shares for the last three years, if the gains were capped at $90 million? Even given the fast rise in stock price this last few years, it must have been obvious, say, in 1997, that the stock was worth much more than $90 million, and that since their gain would be capped at that level, it would be best for them to cash out and use the money somewhere else? As it is, they won't even get the $90 million until November. How much would the $90 million be worth in November if they had sold that stock two years ago? Or am I overlooking something painfully obvious? Best regards, Islander99