Erasing a Bad Memory: Time Warner Drops AOL from Name
The decision is final: reflecting internal power struggles at the world's largest media company, AOL Time Warner is changing its name to Time Warner, and its ticker symbol to TWX.
This sets the table nicely should they decide to merge with another overvalued Internet company. Yahoo! Time! Warner!, anybody? It's not so far-fetched. Yahoo's market capitalization, at $24 billion, is fully one-third of Time Warner's. A couple of good quarters for Yahoo, and a couple of bad quarters for TW, and they'll meet in the middle at $50 million. Just think of the synergies.
Posted by Andrew Goodman
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