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Technology Stocks : USAI, 61% stake in Ticketmaster Online-CitySearch IPO
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To: Robert Wuj who wrote (350)1/28/1999 1:43:00 PM
From: Ken Turetzky  Read Replies (1) of 391
 
USAI files S-4:

cgi-mail.eudoramail.com:80/bin/redirector.cgi?http://www.freeedgar.com/search/WL.asp?C=891103&F=S-4&D=1/28/1999

"As of December 31, 1998, USAi beneficially owned 59.5% of the outstanding TMCS common stock, representing 67.3% of the total voting power of TMCS's outstanding common stock. For financial reporting purposes, TMCS's Ticketmaster Online ticketing business is considered part of the Company's Ticketing Operations, while TMCS's CitySearch local city guide business is considered part of the Company's Internet Services."

Also:
"As of December 31, 1998, First Auction had approximately 260,000 registered members and processed over 2,500 orders each day."

"In addition to First Auction, ISN [Internet Shopping Network] is in the process of developing a number of new electronic commerce sites, including an online version of Home Shopping Network."
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