AOL's (AOL +44.1%) patent sale to Microsoft (MSFT -0.7%) fetched at least three times the...

|About: AOL Inc. (AOL)|By:, SA News Editor

AOL's (AOL +44.1%) patent sale to Microsoft (MSFT -0.7%) fetched at least three times the expected price, Benchmark says; most of Wall Street viewed the patents as worth a maximum of $300M, meaning AOL effectively pulled $7.63/share "out of thin air" to hand to investors. Benchmark hikes its price target on the shares to $28 from $18. (also)