<Wow, I guess I left some money on the table. There still won't be another suitor, though.>
Looks like you had a pretty nice short-term gain regardless. Have you found any other interesting companies to playoff this renewed interest in MMDS? I have a feeling there must be good equipment supplier. Someone suggested I look into CAMP, but I haven't had time yet.
I do follow another company called Harmonic which has some developments in MMDS, but they don't seem to have a good product for this. Even so, they just had a very good quarter ended looks like they are primed to great things in the future. AT&T seems to be aggressively building out their TCI cable holdings using Harmonic's Metro DWDM product. I would put HLIT on your watch list. I'd be interested to know what you think of them. HLIT stock has gone up a lot recently but they seem to have crossed an impasse.
I see AT&T has made a higher bid to buy Media One. I do know what this will do to AT&T's share price in short-term, but this company seems to be getting its docks all in a row. I believe it won't take very long before they start offering videoconferencing/telephone, interactive video, television, Internet service, as well as a host of other e-commerce solutions we haven't even thought of yet.
"Dear Chuck", don't you just love it. But, I wonder why he didn't sign it, "Mike".
April 22, 1999
Mr. Charles M. Lillis Chairman and Chief Executive Officer MediaOne Group, Inc. 188 Inverness Drive West Englewood, Colorado 80112
Dear Chuck:
AT&T is pleased to offer to acquire all of MediaOne Group for cash and AT&T common stock. AT&T will pay $30.85 in cash, subject to upward adjustment, and .95 of a share of AT&T common stock, for each share of MediaOne common stock. Based on today's closing price, our cash and stock offer has a value of $87.375 per MediaOne share.
biz.yahoo.com
Regards, Mark |
