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Whew! You ask me to justify things I can't. Daunted, I will try,
none the less... Item: I like TCOMA as an investment vehicle. As a
corporation, my feelings are ambivalent. Remember that 66% of @Home
revenues will belong to the cable companies that provide said
service. With the largest customer base AND equity partnership
relations with a number of other providers, TCOMA is well positioned
to expand revenues significantly. Item: You and I could start our
own cable company, at any time, in any place. Just pay the exorbinant
franchise fees, provide the mandated public access channels, build
out the infrastructure, contract content, hire and train personell,
and so on.... What I'm meandering towards is: there are huge barriers
to entry... and that is a plus for the investor/shareholder. Paul |
