It looks like AOL may be moving forward with going FREE as I had reported on earlier.
Investors in Time Warner Inc., whose shares touched a two-year low in mid-July, are seeking signs of a turnaround on August 2, when the world’s largest media company is set to introduce its fourth plan in five years to save its online unit AOL.
and
“I think a lot is riding on August 2,” said Larry Haverty, a portfolio manager at Gamco Investors, which owned 14.1 million shares of Time Warner as of March 31. “People like us have been patient with strategy. From what I’ve heard, I’m comfortable.
and this
“They should have done what they contemplated two years ago to aggressively develop AOL as a web service,” said Morris Mark at Mark Asset Management, which owns 1.22 million Time Warner shares as of March 31. “Its position is so much more powerful than the advertising revenue that they’re generating.
As I stated before, I think this is a brilliant idea for AOL. It’s too bad they can’t just drop their entire dial-up service. I’m wondering if it’s possible for them to sell them off to the higher bidder (like NetZero, or somebody like that).
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