ANTEC Corp. (ANTC) Message Board

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Technology Stocks : ANTEC Corp. (ANTC)

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To: Daveyk who wrote (14)	11/27/1996 4:24:00 PM
From: Robert A Flynn	of 847

I would expect that the shares would drop in price when the deal with TSX is consummated early next year.(TSX is bringing less to the table). It makes sense, if suddenly several million TSX shareholders take the option of converting their holdings to ANTC. Instant dilution. Your thoughts? From what I've read, TSX shares will still trade, even after the merger. (TSX will become wholly owned by ANTC). TCI is TSX's largest customer, and may be ANTC's biggest as well. TCI's troubles are far from over, and I wouldn't be surprised to see them sell their new ANTC holdings at the earliest possible time. They have an onerous debt burden. Again, I think that would put downward pressure on the price of ANTC. Frankly, I'm surprised that both ANTC and TSX are doing so poorly lately. For what it's worth, my gut instinct is that both ANTC and TSX will remain flat until the merger is done. ANTC will probably drop another point or so immediately thereafter, and rebound if and when investors come to appreciate the synergy of the two companies. That appreciation may not come until ANTC converts some of that synergy into new revenue. Again, your thoughts? Rob Flynn

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