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Technology Stocks : UCOMA UnitedGlobalCom
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To: steve host who wrote (84)2/7/1999 1:37:00 PM
From: .com   of 489
 
Steve, from: ipo-fund.com

* IPO of the Week *

A Cable Giant Backed by a Software Giant

Software giant Microsoft recently commited to
investing $300 million in our pick of the week, the
largest European cable company in more than one
country with over 2 million subscribers and 3 million
homes passed. Some may question such a pairing, but
given the trends in Internet service the deal makes a
great deal of sense. To date, the vast majority of the
company's revenue have come from standard cable
services. But over the last 2 years, the company has
been upgrading its network to advanced 2-way hybrid
fiber coaxial cable. Over the new network, the
company can now offer local telephony and high
speed Internet service. With strong cashflow from
existing cable operations to fund the network upgrade,
a substantial captive audience as prospects and a top
new media partner, the growth potential for these new
services is enormous.
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