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Technology Stocks : Primestar/TCI Satellite (TSATA)

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To: sydney who wrote (294)4/12/1999 6:36:00 PM
From: GregS  Read Replies (2) of 442
 
TSATB shares are may be exchanged on a 1:1 basis for TSATA shares, so they have the same value. However, TSATB shares carry 10 votes each, so that is part of the reason they command a slight premium over TSATA shares.

If you chart the two stock, you will see they track each other more or less exactly, except for the recent error in the press release.

TSATB shares are trading a premium now because of very heavy shorting that occurred on the day of the mistaken press release, and the ensueing short squeeze.

When the squeeze is over, TSATA shares and TSATB shares will again trade evenly.
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