AOL to invest in satellite Internet effort

Article Abstract:

America Online Inc. (AOL) announced that it will make a cash investment of $1.5 billion (1.44 billion euros) in Hughes Electronics Corp. The investment is designed to promote the satellite delivery of services on the Internet. The investment also reflects the increasing interest in satellites as a competitor to cable modem services from cable operators. Hughes stated that it will utilize a great deal of the investment for the subsidizing of satellite equipment and customer installation costs.

Comment:

AOL to make a cash investment of $1.5 billion (1.44 billion euros) in Hughes

Semiconductor Devices, Semiconductor and Related Device Manufacturing, Asset sales & divestitures, Acquisitions & mergers, Semiconductor industry, Mergers, acquisitions and divestments, America Online Inc., Abstract, Hughes Electronics Corp.

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McKesson Co-CEO leaves as web unit is restructured

Article Abstract:

David Mahoney is resigning as the co-chief executive officer of McKesson HBOC Inc. The firm is also planning to restructure the Internet unit that Mahoney had been in charge of.

Telegraph & other communications, Organizational history, Executive changes & profiles, Drugs and Druggists' Sundries Wholesalers, Drugs, proprietaries, and sundries, Drugs, Cosmetics, Toiletries Whsle, Management, Officials and employees, Wholesale industry, Wholesale trade, Appointments, resignations and dismissals, Health products industry, Health care products industry, Mahoney, David, McKesson Corp., MCK

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