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Technology Stocks : Charter Communications (CHTR) -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (399)	11/10/1999 2:00:00 PM
From: Sarkie	Read Replies (1) \| Respond to of 2437

Interesting comment from CNN last night. CNN 11/9/99 - 7:10:06 PM ..... aftermath of antitrust ruling against microsoft. In just the past two days that stock has quadrupled : Cisco systems will buy arrownet -- air eye onnet. >>. >> The telecom ipo is a joint venture between the qwest and kpm. >> Eye blockbuster week for ipos. All kicked off on an offering from the microsoft cofounder, allen. His charter communications closed up : Not just the most active stock, but the most actively traded ipo ever. Peter viles has more >>> for years, he's been dismissed as the accidental billionaire, the other college dropout who cofounded microsoft. But today, paul allen's vision for a wired world hit wall street in the third-biggest initial public offering ever. And unlike other huge ip0's such as conoco and goldman sachs, charter is a company put together in a hurry. >> They're building up roll-up strategy, they've done 23 acquisitions, 9 more are pending, right now they're the seventh largest cable operator, after all the cable deals are done they'll be the fourth largest. >> When its buying binge is over charter will have 6.2 Million cable customers in 38 states. It is losing money at an annualized rate of 1.6 Billion, but cable companies are judged on cash flow, not profits. It plans to spend $5 1/2 billion upgrading its cable pipes for broadband internet delivery. And allen's word will be first and last. He controls more than 90% of the voting stock. >> Charter is the cable ..... tveyes.com