Primestar/TCI Satellite (TSATA) Message Board

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Technology Stocks : Primestar/TCI Satellite (TSATA)

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To: Y-fall who wrote (281)	2/28/1999 6:12:00 PM
From: Noel	Read Replies (2) of 442

I don't know if much will come of this. But if it does, it would be as a result of bondholder pressure. Remember, the vast majority of Primestar is owned by the cable companies. TSATA shareholders only have shares in a company which itself owns 37 1/2% of Primestar, Inc. TSATA shareholders have no control over what happens here. As to the cable companies which own the majority of Primestar, they are willing to do whatever the bondholders want because the same guys who bought Primestar bonds are the majority bondholders in the MSOs. If they take a hit on the comparatively small Primestar business, it will affect the financing of new capital projects at the MSOs and that is the bread and butter of these companies. As you can see, nothing about this process (going back even to the original News Corp. deal that fell through) has anything to do with the desires of individual TSATA shareholders. You guys are just along for the ride. Of course, if you have taken my advice, you have been out of this stock for a long, long time. If not, you have my sympathies.... Regards, NOEL

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