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Technology Stocks : Source Media SRCM

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To: Smilodon who wrote (2573)	6/4/1999 1:48:00 PM
From: MW	Read Replies (1) of 3015

archie; I'll tell you what. Lets keep it simple. I think the JV between TV Guide and SRCM will ultimately be valued in the BILLIONS of dollars. You may agree or disagree with that. Thats fair. Time will prove who's right. But IF I'm correct and the JV is worth say 5 BILLION, fully diluted the current shareholders of SRCM will own approx 27% of the jv [ 60% of srcm x 45% which is srcm's ownership of the jv] for a value of 1.35 BILLION. Thats 6 times its current market cap. Thats putting a zero value on the IT Network that now gets a 200 million$ cash infusion. Why the smokescreen? Warrent dilution is a non issue. There are only 2 issues. 1.Does the deal with TV Guide get done? 2.What will the value of the JV be? Anything else is just more of your bs.

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