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Technology Stocks : Paul Allen's Wired World

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To: KLP who wrote (309)	10/28/1999 1:49:00 AM
From: PatrickMark	Read Replies (1) of 361

Re Allegiance Telecom, Inc. (ALGX) Time is running out for VV to exercise it's option to purchase additional ALGX shares. I'd be very surprised if it doesn't happen. Today's price action (+$4/+6%) may be in anticipation, maybe not. Some investors feel that the investment is already priced in. At any rate, all the suspense can't be hurting. ALGX is well positioned, with plenty of cash to keep buildout on schedule and extremely savvy mgmt. The 10/18 earnings report was quite positive. siliconinvestor.com DALLAS, Aug. 4 /PRNewswire/ -- Allegiance Telecom, Inc. (Nasdaq: ALGX) today announced that it has signed an agreement with Vulcan Ventures, Inc., the investment organization of Paul G. Allen. Vulcan Ventures will purchase 1.5 million shares of Allegiance common stock from Allegiance's existing private equity investors at $50 per share upon receipt of antitrust clearance. The agreement also grants Vulcan an option to purchase up to an additional 5 million shares, at $56 per share, on or before November 1, 1999, from existing private equity investors and certain other investors.

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