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Citigroup, which has announced a similar relationship with AOL, said yesterday that it would provide AOL with a payment system, called AOL Quick Cash, that its members can use to transfer money over the Internet for $2 a transaction.
Citigroup's Salomon Smith Barney provided AOL with a "fairness" opinion, the very notion of which seems suspect given the subsequent collapse in share prices.
There was recently a revamping within AOL, with a number of products being placed under Arthur "Artie" Minson, the company's chief financial officer.
In addition to letting users search for and download files, it includes an instant messaging feature that could be seen as competition for AOL Instant Messenger, which provides AOL with a crucial presence on millions of computer screens.
MR. MESTRE It was one of the highlights of my career because I remember vividly sitting down with the AOL executives and going through with them their vision of how to combine AOL with a more traditional company in creating what at that time was going to be perceived as a company of the future.
When the opening bell rings Thursday at the New York Stock Exchange, a new era will begin for AOL, with a new status as a company with a stock market listing and a new way of spelling its name with a dot to the end — Aol.
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Because Armstrong is a charismatic C.E.O., and came to AOL with an aura of success from Google, he was embraced as an inspirational team leader.
The infusion of mobile product development talent provided by the Rally Up team will provide AOL with an additional spark to ignite its mobile-first initiatives.
And, like Aol with dial-up subscriptions, a laughable chunk of HP's revenue comes from printer ink.
Stephen M. Case, the chief executive of America Online, said he would never forget how Mr. Middelhoff, as a rising Bertelsmann official, had nurtured a struggling AOL with timely investments in the mid-1990's.
On the other hand, AOL, with its massive presence as a consumer brand, may not try to overtly go after the market for business IM users.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com