Peter Kafka

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Tim Armstrong Won't Talk About AOL's Secret Video Plans

Tim Armstrong will usually talk at length, if not in specifics, about what he’s up to at AOL. Not so when it comes to video.

“Yes, we have a video strategy, and no, I’m not going to go into detail on it,” he told (or didn’t tell) his interviewer at Goldman Sachs’ media conference this am.

Pressed a bit more, he suggested we check out AOL’s for a sense of where his site is headed. And he did remind the crowd that his new Google (GOOG) deal–which he described as a “grand slam for us”–has specific incentives to get AOL’s stuff on YouTube.

Oh. And AOL’s (AOL) previously announced $100 million cap on acquisitions? It’s going away, he said. Cue the bankers (who were already dialing madly, anyway)….

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus