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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: MikeM54321 who wrote (4407)	7/7/1999 10:53:00 AM
From: MikeM54321	Read Replies (1) of 12823

Re: Cox Communication's Cable Plant Thread, Just listened to a CNBC interview with the CEO of Cox. Just in case some missed it, another deal was done this morning that makes Cox the 5th largest MSO in the nation. What transpired was a transfer of AT&T customers to Cox in exchange for the return of Cox's ownership of AT&T stock. All the customers that AT&T gave up are from the South. - Cox will return 50.3 million AT&T shares($2.8 billion) - Cox is paying about $4,230/customer - Cox will now have 5.5 million customers - Cox will be 5th largest MSO - AT&T will turn over 495,000 customers to Cox - AT&T will pay Cox $750 million in other considerations James Robertson(CEO of Cox) said it makes sense because economies of scale are only good if the MSO customers are clustered. Of course this makes sense because once the MSO builds their 2-way HFC, voice, video, and data networks, they want to deploy/service it to as many customers in that geographic area as possible. So that is why this deal happened. Robertson was asked directly about the DSL threat. Basically he said, he believes (of course) the cable pipe is the way to go. Cable is here and now. Numerous Cox customers are currently receiving voice, video, and data services. So FWIW(a lot to last mile MSO investors!), Robertson is in the same broadband camp as is Armstrong. Cox wants to by pass the telco local twisted pair copper loop via their coaxial network just as Armstrong does. Hence more spending by this MSO for HFC equipment and services. MikeM(From Florida) PS For reference purposes, I linked mutiple posts back to back. You can browse right back through a number of cable deals now.

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