Tuesday, August 28, 2012

Struggling AOL Defies Gravity Again - Businessweek

At least nine lives
"Shares of AOL (AOL) hit a high of $34.10 today—returning a blistering 136 percent during the past year—after the company announced plans to pass along to shareholders more than $1 billion, via a $600 million stock buyback and a one-time dividend. The money comes from the April sale of a bunch of old patents to Microsoft (MSFT), and it’s the latest example of Chief Executive Officer Tim Armstrong’s ability to keep Wall Street interested in his company even as critics pound away at its weaknesses."
Struggling AOL Defies Gravity Again - Businessweek
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