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Microcap & Penny Stocks : CCAK - Hotel Pay-Per-View / Internet
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To: zookeeper who wrote (1)10/22/1998 11:59:00 AM
From: Walter Morton  Read Replies (1) of 22
 
CCAK's latest acquisition has a lot of competition. The following is from the 10K of LNET:

LODGING MARKET. The Company is the second largest provider (by total
number of rooms served) of interactive and cable television services to the lodging industry, currently serving over 630,000 installed hotel rooms in over 4,000 hotels. The Company competes on a national scale primarily with On Command Corporation ("OCC"), the successor corporation to the merger of SpectraVision, Inc. and On Command Video Corporation, and on a regional basis with certain other smaller entities. Based upon publicly available information, the Company estimates that OCC currently serves approximately 893,000 hotel rooms. The aforementioned merger combined two of the largest providers of cable television services in the lodging industry based on the aggregate number of rooms served. The Company historically competed against these two companies prior to the merger and believes that it will be able to compete in the same manner against the newly combined entity.

OCC and DirecTV, Inc. ("DirecTV") have entered into an agreement
pursuant to which OCC will deliver free-to-guest television programming using DirecTV's DBS signal. The Company believes that its agreement with PRIMESTAR will allow it to provide comparable services to OCC on a competitive basis.

There are also a number of potential competitors that could use their existing infrastructure to provide in-room entertainment services to the lodging industry, including franchised cable operators, wireless cable operators, telecommunications companies and DBS providers. Some of these potential competitors are already providing free-to-guest services to the lodging industry and have announced plans to offer guest pay services, including video on demand and Internet services. Some of these companies may have substantially greater financial and other resources than the Company.

EDGARONLINE

I think the question we need to ask is what is CCAK's goal. What do they hope to achieve by combining these different companies?
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