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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: MikeM54321 who wrote (3890)5/26/1999 4:25:00 PM
From: lml  Read Replies (1) of 12823
 
Mike et al.

IMHO, Paul (via Charter Media) is positioning itself for a major acquistion in LA, namely, assets owned by recently merged Adelphia/Century Communications. Paul Allen wanted CTYA's assets badly but was outbid (or unwilling to outbid) other interested parties. Leonard Tow, who held 80% of CTYA's stock, opted to accept the bid of his long time crony, John Rigas of Adelphia.

Why was Adelphia's bid more attractive? Tax implications. Adelphia's bid was in the form of stock; Paul's wasn't. Charter Media has yet to go public. I believe Charter has planned an IPO for later this year. After it does, expect Paul to use its stock to acquire a major cable franchise -- like Adelphia/CTYA. JMO.

Note the announcement today of a swap of assets b/w Adelphia & Jones Intercable assets. Hmmm.

Sorry, Frank C., that I haven't been able to respond to your post 2 weeks ago. This thread is too substantive for me to troll thru 30 posts an evening. Not the count is up to 'bout 150. But "I'll be baaack!"
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