News release. AOL chair Steven Case promised that he would discover cold fusion. The stock is up $20/share on the news.
In a later release, AOL promised to use its message boards to encourage discussion on a cure for cancer. AOL management felt confident that one could be found by 3rd Q '98. The stock is up $30/share on the news.
AOL stock is up $50/share on earlier press releases, the stock shot up $10/share on the news.
AOL declares a 2-1 stock dividend but declares it will not effect the price per share.