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Finally Aol Destroyed


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In a continuing reversal of the debacle and monumental merger that created the company AOL/Time Warner, the board of directors voted yesterday to drop AOL from the official corporate name and start trading under their old NYSE ticker TWX instead of AOL.

This follows a massive loss by the company of almost $2 Billion dollars last related to the merger and massive losses for the ISP and software divisions. Earlier this year, the board/major shareholders removed and replaced everyone who was involved with AOL before the merger including the CEO at the time Steve Case. A few months ago, they shuttered the Netscape division after signing a indefinate contract to use Microsoft's Internet Explorer technology in their proprietary software.

Only thing left would be a complete divestiture of the AOL internet access division to put the company back on track. We'll see if it happens though.

http://wireservice.wired.com/wired/...&storyId=783120

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