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Pastimes : Generation Xers--saving and investing strategy

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To: MartinF who wrote (9)	8/19/1997 8:24:00 AM
From: Mike McFarland	of 100

Congrats Martin, I dont have too many ideas on this DTV thing, but now that you mention Microsoft... There are some predictions that someday Microsoft might be into broadcast services--they may even own a TV network someday. If there was "20 year" investment to make here, it would have to be in the local broadcasters, and just forget technology--way too hard to know who's tech will be there, and way to hard to pick companies in a very crowded sector. The frequency spectrum that local TV (and maybe radio) now contol has to be worth a lot more than what you would expect based on the extent to which local TV stations currently exploit it. I wonder if Microsoft is investing in local broadcasters--or maybe MSNBC will just come down from sattellite someday into one's tele-cellphone.

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