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AOL’s stock gained 1 11/16 to 63 in early trading Tuesday, while Time Warner’s stock added 2 to 89

Tuesday, March 14, 2000

GOLDMAN SACHS ON AOLTW: YOU'VE GOT PROFIT POTENTIAL

AOLTW Merger Gets Thumbs Up From Goldman Sachs

America Online’s agreement to acquire Time Warner has been given a big thumbs up from influential Wall Street securities firm Goldman Sachs & Co., who placed an 18-month target price of $105-$110 on the shares of the biggest Internet provider.

AOL’s stock gained 1 11/16 to 63 in early trading Tuesday, while Time Warner’s stock added 2 to 89.

Goldman joins Merrill Lynch and a group of other investment houses endorsing the deal, which would give AOL much-needed news and entertainment content, as well as cable up the wazoo.

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GOLDMAN SACHS ON AOLTW: YOU'VE GOT PROFIT POTENTIAL

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