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Technology Stocks : UCOMA UnitedGlobalCom

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To: zoya who wrote (132)2/8/1999 6:51:00 PM
From: Mad2  Read Replies (2) of 489
 
My Take
today was low vol, and weakness was on the buy side above 60.
past buying is institutional (same ones lined up for UPC)
Retail investors (many) don't look beyond Yahoo finance and the neg 27/share book.
Read latest S-1a on Partes dated 2/8
For Dave s, be advised 890mil NL or $456mil of offering goes to pay debit (ie UIHIA's) that will be reborrowed.
While UIHIA other operations still use cash, you get $63.52 (33X77/40=$63.52) worth of UPC at the offer for each share of UIHIA. UIHIA's shares in UPCOY are locked for three years. Thus you get the balance of UIHIA for nothing if you subscribe to UPCOY at the ipo price.
At this point it's up to the market to set a price for UPCOY a portion of any amount above the ipo should innure to UIHIA
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