Here's a few CHTR IPO links:
First, here's a link to Charter Communications (CHTR):
www2.ipo.com
Quotes from the "About Charter" section of the above link:
WIRED WORLD
"Before Bill Gates and I started Microsoft, we had a vision of a Wired World¦. Everyone would have a PC at home and at work that would be interconnected within a global network. This network would provide immediate availability to information and resources anywhere in the world."ÒÒ
- Paul G. Allen, co-founder of Microsoft and principal owner of Charter Communications
-------------------------------------------------------
"The Wired World isn't only for visionaries and technical wizards. For Charter customers, it's for everyone who watches TV or uses a computer. Whether you want to surf new channels or surf the Internet, Charter Communications will be your gateway to global and local information and entertainment."
"With Paul Allen's leadership, Charter is well-positioned to bring you advanced digital technology for the home and office by way of our advanced cable network. Digital technology is the key to a wealth of new services."
"But the future is about more than technology - it's about people. That's why our customers are our first consideration in all that we do. We want to bring you new ways to shop, play, work, learn and communicate. We want to give you a new perspective on the world around you. And, most important, we want to help build a bright future for you, your family and community."
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Charles Schwab also had CHTR priced earlier in the day at 30 1/2. Here's a good IPO link my Schwab representative recommended to me many weeks ago (although it still only shows the EST. price):
www2.ipo.com
However, if you click on the "NEWS" link you'll find this from Reuters:
www2.ipo.com
NEW YORK, Nov 8 (Reuters) -
Company Name Charter Communications Inc
Priced At $19
Estimated Pricing Range $17-$19
Number of Shares 170 million
Lead Underwriter Goldman Sachs
NOTE: St. Louis-based Charter Communications is the fourth
largest cable television operator in the United States.
Also, another good article in the IPO.com (CHTR) "NEWS" link: www2.ipo.com
A few quotes from the above article link:
CHARTER IPO ATTRACTIVE,
but size could mute trade
Monday, November 08, 1999
Reshma Kapadia
The fourth largest operator of cable television systems in the United States plans to offer 170 million shares in a $17- $19 range. The deal, tentatively set for Tuesday, could raise as much as $3.2 billion. It will be led by Goldman Sachs.
But the size of the deal may mute the first day run, although pre-offering demand has been heavy, according to Irv DeGraw, research director at WorldFinanceNet.com.
Most recent deals have offered under 20 million shares. With so many shares available, the first day performance for Charter may not be as good as if it were a smaller IPO.
Tom Taulli, an analyst at Internet.com, was enthusiastic about the IPO.
"It is one of the top cable companies and I like fact they are tied in with Paul Allen," he said. "They have a set of Web properties that can be put into a broadband infrastructure and that's where (the industry) is going."
"It's a cable company on steroids."
Charter will serve about 6.2 million customers after the completion of its pending acquisitions. Its services include traditional cable television and it has started offering digital cable television to customers.
"The prospects of (a broadband pipe) is what attracts investors. It's the opportunity presented from high-speed Internet access and Internet television services," said Bruce Leichtman, director of media and entertainment at Yankee Group.
Analysts said the company's aggressiveness in growing its Internet and data services is also attractive.
"There's a lot of demand across the country for high-speed data services. As long as Charter can deliver to all its consumers a unified message -- even though it is a bunch of different companies providing access -- it's in a good position. In terms of their commitment to rolling out data services, they are right up there with larger players."
|
