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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: Frank A. Coluccio who wrote (3909)5/28/1999 4:37:00 PM
From: MikeM54321  Read Replies (3) of 12823
 
Re: Paul Allen's Cable Empire

Frank&Thread,
Just pulled the following off CNET News.com site. Here's the article even though it really doesn't say a whole lot:
news.com

But it does fill in the blanks on the figures I didn't know in the last post I did regarding $/subscriber. And the line about, "costly network upgrades.." is music to my ears. It's probably going to be one heck of an IPO and the money raised will be put to good use.
MikeM(From Florida)

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Allen takes Charter to new heights

...Many of the systems Charter has bought, including Falcon Cable and Fanch Communications, are not upgraded for two-way cable--a necessary feature for interactive services such as Net access, telephony, and interactive television.

Allen is reportedly considering an initial public stock offering for Charter that, analysts said, could raise the necessary money to invest in costly network upgrades required for many of Charter's new systems.
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