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To: Black-Scholes who wrote (45628)	9/30/1999 3:35:00 PM
From: BillyG	Respond to of 50808

TiVo takes off on first day of trading By Bloomberg News Special to CNET News.com September 30, 1999, 11:50 a.m. PT TiVo, which sells a subscription service that lets people tape television programs to view when they want, more than doubled in its first day of trading. The Sunnyvale, California-based company rose 16.31 to 32.31 in midday trading. About 6.9 million shares were exchanged. Earlier, the shares reached 45, giving the company a market value of $1.61 billion. TiVo sold 5.5 million shares at $16 each yesterday, raising $88 million. The sale represented a 15 percent stake. TiVo trades under the symbol "TIVO" on the Nasdaq Stock Market. Credit Suisse First Boston handled the sale, with assistance from Allen & Company and BancBoston Robertson Stephens. Copyright 1999, Bloomberg L.P. All Rights Reserved.

To: Black-Scholes who wrote (45628)	9/30/1999 3:45:00 PM
From: BillyG	Respond to of 50808

Secondary signs of the growth in home theaters and DVD......... AMC To Lay Off 100, Close Three Offices NEW YORK (Variety) - AMC Entertainment announced layoffs and a major restructuring Wednesday, making it the latest in a string of movie theater chains scrambling to boost profits and slash spending. Kansas City, Mo.-based AMC will close its New Jersey, Florida and Los Angeles division offices, and lay off about 100 people. It expected annual savings of about $20 million -- about a 40% decrease in general and administrative expenses. The revamp will result in a $12 million charge for the fiscal second quarter ending Sept. 30, the company said.