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Non-Tech : Interactive Network, Inc. *** INNN ***

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To: Scott A. Trapp who wrote (387)	9/8/1999 2:25:00 PM
From: dwight vickers	Read Replies (1) of 418

Basically correct on the history except that Mr. Lockton had a lot to do with the demise forced on him by TCI in 1995. (Sorry Dave, I still like you) He was a bit intransigent, shall we say? Couldn't do it on his own, and wouldn't give up what he would have had to. Throw in a little of the marketplace being unready, and an incorrect positioning (ahhhhh, the internet.....), and we're pretty close to a conclusion. The $5 per share paid by the TCI group in the settlement was a throwaway. Not significant to valueing the company. Not real money at that point. It was reached as a "split the difference" agreement. TCI wanted it as low as possible, the company as high as possible, to protect the shareholders from massive dilution. They needed a "number" to accomplish a final settlement of the lawsuit. It was a "detail" needing to be addresssed. Anyone saying differently is a prevaricator at best, liar at worst. Dwight

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