Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SecularBull who wrote (1219)	12/6/1999 2:04:00 PM
From: KLP	Read Replies (2) \| Respond to of 2437

Posted on Reuters at 11:47 EST... It will be very interesting to see what CHTR actually is next December at this time. I intend on keeping this Research Alert for reference, just to see how accurate (or not) these investment firms are. KLP RESEARCH ALERT - Four brokers start Charter Comms NEW YORK, Dec 6 (Reuters) - Four of the investment firms that underwrote Charter Communications Inc.'s (NASDAQ: CHTR) initial public offering initiated coverage of the company on Monday, about a month after the cable television system's IPO. -- Goldman Sachs, the lead underwriter, added the stock to its U.S. recommended list and set a near-term price target of $32 a share. -- Merrill Lynch started Charter as near-term and long-term accumulate. -- Morgan Stanley started the company at outperform and set a $29 price target. -- Donaldson, Lufkin & Jenrette initiated coverage with a buy rating. -- Charter, the No. 4 cable company and brainchild of Microsoft Corp. (NASDAQ: MSFT) co-founder Paul Allen, debuted in November with the third-largest U.S. IPO in terms of domestic proceeds. Charter raised $3.23 billion after pricing 170 million shares at $19 each. -- Merrill's Jessica Reif Cohen, in a note to clients, said she believes Charter has upside potential in revenue and operating cash flow from systems acquired in addition to new services. -- Charter serves about 6.2 million customers, offering traditional cable television services, digital cable television services and high-speed Internet access.