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Technology Stocks : USAI, 61% stake in Ticketmaster Online-CitySearch IPO
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To: Stockwizard who wrote (289)12/8/1998 9:07:00 PM
From: Joana Tides  Read Replies (1) of 391
 
Bought USAI last week at 37, needless to say am disappointed and surprised at the dive it took after the TMCS ipo. Holding USAI long, nevertheless, as this company is vital & well positioned for the coming internet/cable jump. There is confusion on message boards (not this one but others) re: Why did USAI sell Mighty Ticketmaster? Did USAI give away future Ticketmaster Online revenues? Some shareholders are angry as no IPO opportunity or announce of TMCS spinoff was given to the investors. These issues may also be exaggerated somewhat by those who would benefit from the downside; and downhype may increase in the near future before it runs out of steam and subsides of it's own volition. As facts emerge: 1)Ticketmaster.com is 100% USAI 2) TMCS is Ticketmaster sold through City Search 3) IPO's are rarely given to shareholders 4) New partnered ventures are not always given as spinoff shares 5) If/when USAI SpinsOff TMCS it could be announced tomorrow, next year, or not at all. I do believe confusion and downtalk about these issues are what's holding USAI down right now.
It can't last long.
ps-This is my first post on Silicon Investor, hi from a new member. Have been reading this good thread for awhile.
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