Tim Armstrong, newly hired head of AOL, visited the online firm's Dulles, Va., campus for a companywide meeting, accompanied by former AOL executives Steve Case (who co-founded the company) and Ted Leonsis. The visit was intended to boost morale among a work force rocked in recent weeks by layoffs. Case told AOL employees, "Most people think AOL's best days are behind it, [but] the assets of this company are still phenomenal."

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