Goldston breaks United front and sells majority of shares.THE chief executive of struggling dial-up Internet company United Online Inc. is selling most of his stock. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a regulatory filing last week, Chairman and Chief Executive Mark Goldston is selling about 875,000 of his almost 940,000 shares of the company. The company declined to comment beyond the filing, but Goldston initiated a selling program that would unload nearly all of his shares by July. He also holds stock options for more than 3.5 million shares which did not appear to be part of the program. United Online holds the once-popular NetZero and Juno free dial-up Internet access See dial-up. brands. But as high-speed. DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary dominates old-fashioned dial-up, the company's subscriber numbers have been sagging sag v. sagged, sag·ging, sags v.intr. 1. To sink, droop, or settle from pressure or weight. 2. . The company began branching out into online social networking See social networking site. social networking - social network with Classmates.com and various online sweepstakes offers. The company has a market cap of about $754 million, so Goldston's sale will represent about 1.5 percent of outstanding share value. |
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