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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (2700)	6/23/1999 2:32:00 PM
From: MW	Read Replies (1) \| Respond to of 3015

<<I guess this means I need to remind you of that CC yet again. The TVG presenter could not name one detail regarding the nature of the product the JV was supposed to produce. But he was right there with the nine-digit figure (now eight-digit, bordering on seven) by which TVG was ahead, on paper, based on the implied value of those warrants. So tell me again what facet of the deal has TV Guide's interest?>> Man, you are a thick one. I'll try to simplify it for you. Currently , srcm's stock price is down based on the uncertainty of the deal being completed with TV Guide. TV Guide will have warrents on srcm IF this deal happens. srcm's stock price will go up if the deal gets completed. So if TV Guide was really interested in the "trade" as you say, they could insure it's success simply by completing the deal. When the deal was first announced you ridiculed it by claiming the price being committed to by TV Guide was so small they had nothing to lose. By that logic they still have nothing to lose. For a 12 million dollar investment in srcm & another 10 million committed to the JV they get 1/2 the jv, all srcm's intellectual property including the IPG, and warrents to buy 40% of srcm for14.25$ share. Makes you wonder why they're holding up the deal. Maybe they're not the ones holding it up? <<Let's make it really, really simple: What exactly can SRCM provide TV Guide that MSFT cannot provide, much better?>> A low cost, thin client, server based interactive capability that has been tested and is currently being deployed. OH, and the patents that cover the above when being deployed over a cable tv infrastructure. <<And where is SRCM going to get the money to press its legal battle with WGAT, if the TV Guide deal doesn't come off? >> If this deal doesn't happen it will be because srcm feels they could do better elsewhere. Be real. If srcm had no other options the deal would have been done by now.