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To: steve host who wrote (35)	1/30/1999 3:01:00 PM
From: Mad2	of 489

NTL and Microsoft's investment of 500mil garnered a mention in Barron's. From trading points: Gotta love it when market rumors are right on the money. Last week we reported market chatter about Microsoft making an investment in British cable companyNTL. Monday morning the two announced that it was indeed a done deal. Microsoft invested $500 million in NTL to help the company more quickly deploy its high-speed voice, video and Internet services over its cable lines. The news sent NTL's stock and bonds soaring. NTL's zero-coupon bonds due in 2008 jumped to 69 1/2 from 66 last week. And its 7% convertible bonds due in June 2008 rose to 220 3/4 from 182 1/2 last Friday and the 7% converts due December 2008 rallied to 153 3/4 from 130.

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