(ATT and AOL are C O M P E T I T O R S for the cable market. Baby Bells are
in more likely. Screwed up on the local loop? Please explain, beyond
anectodal complaints. Most complaints I've heard are about a perception of
AOL lagging behind ATT re cable, but ATT may have jumped the gun with its
recent cable acquisition, anticipating a market that won't take hold for
years. Interesting displacement of capital.) (Lots of good articles in Biz
Week over the last two weeks on ATT/AOL) (A belated howdy!)
Me to Bolcer: Rumor is AOL will buy Qwest.
In a message dated 5/28/99 12:08:20 PM Eastern Daylight Time,
<< At 11:22 PM 5/27/99 EDT, grlygrl201 wrote:
Me to Nort: >what does this mean?
Nort to Me: I'm not sure. It sounds like they registered a variety of
(stock, debentures, etc) which they do not plan to offer immediately, but
want to have "on the shelf" in case they wish to move quickly.
Registration probably takes several weeks. (I'm guessing).
Rad to Me:
>America Online <<A HREF="aol://4785:AOL">AOL.N</A>> files $5 bln shelf
>WASHINGTON, May 27 (Reuters) - America Online Inc. filed Thursday a shelf
>registration with the Securities and Exchange Commission for up to $5
>in debt securities, common and preferred stock, depositary shares and
>The world's No. 1 Internet service provider said more than $450 million of
>securities in the $5 billion registration were previously registered and
>being carried forward.
>Net proceeds will be used for working capital, capital expenditures,
>acquisitions and repayment of outstanding debt, the Dulles, Va.-based
>AOL's stock price closed down more than $4 to $115.75 on the New York Stock
>Copyright 1999 Reuters Limited. All rights reserved. Republication or
>redistribution of Reuters content, including by framing or similar means,
>expressly prohibited without the prior written consent of Reuters. Reuters
>shall not be liable for any errors or delays in the content, or for any
>actions taken in reliance thereon. All active hyperlinks have been
In a message dated 5/28/99 1:46:09 PM Eastern Daylight Time,
<< Interesting. Any speculations on what AOL would gain from owning such a
huge fiber net? Seems to me they're still screwed on the local loop. I'd
imagine they'd be better off in bed with a big local phone co/big cable
At 10:29 AM 5/28/99 -0700, Gregory Alan Bolcer wrote:
>> Rumor is AOL will buy Qwest.
>That's agood rumor. I love those commercials. If I wa >>