Primestar/TCI Satellite (TSATA) Message Board

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Technology Stocks : Primestar/TCI Satellite (TSATA)

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To: Bo Le who wrote (152)	1/9/1999 5:06:00 PM
From: Noel	Read Replies (1) of 442

If you look back to January of 1996, DISH has a history of bidding for assets (in that case, the 110 slot) that it would seem it cannot afford. And you can bet that GMH would pay any price to keep P*'s subs from DISH. Don't be surprised if DISH makes them overpay for Primestar the same way Murdoch overpaid for the 110 slot 3 years earlier. It may seem unlikely now, but remember - DISH won't get any objections from Murdoch, who would benefit if DISH's highflying stock got knocked back below $39 in time for the deal to close. Right now, he gets fewer shares because the deal included a collar at the $39 level. Below $39, Murdoch gets full value. Charlie may not really want Primestar, but you can bet he'll bid on it. After all, why not let DIRECTV bog down trying to assimilate the Primestar subs? Just the challenge of coming up with 2 million boxes to convert all the Primestar subs will be enough to wreak havoc with retail supply... Regards, NOEL

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