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

To: Sonny McWilliams who wrote (16976)	5/13/1999 6:00:00 PM
From: Tom Tallant	Read Replies (3) \| Respond to of 41369

Here's an interesting read: Dulles, Virginia, May 13 (Bloomberg) -- America Online Inc., the largest online service, may invest as much as $1 billion in a unit of Hughes Electronics Corp.'s Hughes Network Systems, Business Week reported, citing sources close to the companies. AOL is discussing the investment with the Hughes subsidiary that is developing a two-way satellite service to provide broadband communications such as high-speed Internet access. Hughes Networks' venture, known as Spaceway, will initially sell service to businesses, though AOL said residential customers could be added later, Business Week reported. AOL said Tuesday that it was joining Hughes's DirecTV Inc. unit to develop an Internet television product that will feature interactive viewing. (BW 5/24 P30 www.businessweek.com) May/13/1999 17:15 Tom