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  "documentTitle": "AOL, Inc. (AOL)",
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  "authorName": "Jeffrey C. Smith",
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  "presentationDate": "2012-05-23 00:00:00",
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      "text": "Analyze alternatives to license/monetize the remaining patent portfolio.",
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      "text": "Real Estate\nAOL leases approximately 50 facilities around the world. In addition, the Company owns a large corporate campus consisting of over 840,000 square feet and land in Dulles, Virginia.(2)\nAnalyze whether real estate locations can be consolidated and excess real estate can be sold.",
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      "text": "Capital Structure Efficiencies\nDetermine optimal capital structure to maximize value for shareholders.",
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      "text": "Intellectual Property\nFollowing the sale of over 800 of its patents to Microsoft, AOL continues to own a significant portfolio of over 300 patents and patent applications spanning core and strategic technologies, including advertising, search, content generation/management, social networking, mapping, multimedia/streaming, and security, among others.(1)\nWe believe some of these patents may hold considerable value.\nAnalyze alternatives to license/monetize the remaining patent portfolio.",
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      "text": "(1) AOL, press release dated April 9, 2012.\n(2) Form 10-K filed on February 24, 2012.",
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