IATV - ACTV Interactive Television Message Board

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Microcap & Penny Stocks : IATV - ACTV Interactive Television

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To: Steve Hausser who wrote (3800)	1/6/1999 1:35:00 PM
From: Craig Jacobs	of 4748

Hi Steve, Industry related story... DirecTV May Turn To PrimeStar To Solidify Dominance (GMH) - Report Newstraders - January 06, 1999 10:39 (NewsTraders.com)-- Shares of General Motors Hughes (GMH) rocketed Tuesday after rumors surfaced that the satellite broadcaster's DirecTV unit is in talks to acquire No. 2 PrimeStar Inc., according to Variety. Highlights: - DirecTV would add 2.3 million subscribers if it were to purchase PrimeStar, which would assert its dominance as the nation's No. 1 satellite television provider with 6.6 million customers. - Rumors of a deal were reinforced when Merrill Lynch analyst Tom Watts upgraded GMH to a "buy" rating Tuesday. He cited consolidation in the industry as one reason for his rosy outlook. - Valuation for Primestar would likely be around $2 billion. - Primestar is controlled by a handful of cable players, led by giants Time Warner (TWX) and Tele-Communications Inc. (TCOMA). Copyright 1998 NewsTraders Inc. All Rights Reserved Wednesday, January 06, 1999

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