Buying IPOs on the open market Message Board

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Technology Stocks : Buying IPOs on the open market

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To: Mr. Big who wrote (4977)	12/2/1999 8:55:00 AM
From: Capt	of 5529

CHTR is gapping 2 points on news with AT&T....... Charter Communications' shares (CHTR: news, msgs) were boosted 2 3/8, or 9.5 percent, to 27 1/4 in Instinet trading, after the company announced late Wednesday an agreement with AT&T Broadband & Internet Services to trade certain cable systems to create more efficient cable operations. Under the agreement, Charter will take over the ownership of AT&T BIS, a unit of AT&T (T: news, msgs), serving 704,000 customers and AT&T BIS will assume ownership of select Charter cable systems serving 632,000 customers for an undisclosed amount of cash. Microsoft co-founder Paul Allen is the Chairman of Charter, which began public trading on Nov. 9.

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