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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV
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To: alankeister who wrote (10044)4/13/2000 12:59:00 PM
From: DMauch   of 13157
 
Not sure if anything was posted about this. It may be of interest and was taken from a post on the IDTC thread:

Message 13402217

Here's the relevant info:

A few thoughts on the ATT/IDTC relationship that are not widely known. I have been out helping a friend move all day today and will be doing so again tomorrow but wanted to post a few thoughts on the ATT/IDTC relationship.
In calling around, I have discovered that few people (including the analysts that cover IDTC) have a real feel for what has really been created here recently between IDTC and ATT. Most people are aware that Liberty Media (John Malone)a wholly owned subsidiary of ATT [but completely controlled by John Malone)http://www.libertymedia.com/, purchased 10% of IDTC recently. Most people know that shortly thereafter, ATT bought 14.9M shares of the 25M Net2phone (NTOP) shares that IDTC owned for $75 per share or 1 Billion one hundred Seventeen million five hundred seventy-five thousand dollars.

Few however have read the 8K filed by ATT shortly thereafter and worse yet, IDTC has as of today, not found the time to update the analysts that cover IDTC as to the ramifications. Therefore not many realize that ATT bought an additional 2M shares of IDTC and now controls between Liberty media and themselves close to 15% of IDTC.

The 8K can be found here.

freedgar.com.

Now, lets talk about potential and REAL ramifications. First off Liberty media controls content (film libraries, etc.) and ATT broadband, including massive cable and set top box interests. IDTC owns several patents and a company that specializes in encrypted streaming media. IDT owns several data centers fully capable of storing Liberty medias library for online distribution. You can damn well bet that we will be hearing a lot more soon about alliances and initiatives in this regard.

-dave
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