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Pastimes : Surf, Turf, Stocks & Jocks..........Jane's World -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (131)	12/22/1999 5:20:00 PM
From: James Overko	Respond to of 248

Hi Jane --added to LIC position today -- once this quarters net income of $4 - $5 a share -- see Bloomberg news from Oct -- this will hit 150 -- small float makes these things fly also -- hope you are along for the ride -- Bill Gates see's the potential -- that is good enough for me-- also >researched over the past few days >1- 17 % owned by Bill Gates >2 - run by the smartest asset manager on Wall Street Mario Gabelli >3- MOST IMPORTANT -- SMALL FLOAT 1.4 MILLION SHARES >4- they are a Mini CMGI -- buy and sell media / telephone companies -- HOT >AREAS >5- they will earn $4 a share for this quarter due to sales made -- >6- Company bought back 100,000 shares at $56 a share recently >I predict this will run to 300 over next year (has all the right ingredients) >SMALL FLOAT / Bill Gates / Mario Gabelli >John >

To: Jane4IceCream who wrote (131)	12/22/1999 5:32:00 PM
From: James Overko	Respond to of 248

Lynch Interactive Stake of 17% Held by Gates' Cascade (Update1) LIC Jane -- in case link did not work Washington, Dec. 20 (Bloomberg) -- Cascade Investment LLC, a company that invests on behalf of Microsoft Corp. co-founder Bill Gates, disclosed that it purchased a $25 million promissory note from Lynch Interactive Corp. ALSO LYNCH INTERACTIVE CORPORATION ANNOUNCES ANTICIPATED GAIN ON Redemption of East/West Preferred and Consideration of Raising Capital Business & High Tech Editors RYE, N.Y.--(BUSINESS WIRE)--Oct. 25, 1999--Lynch Interactive Corporation (AMEX: LIC) announced today that as a result of the proposed acquisition of East/West Communications, Inc. (NASDAQ: EWCM) by Omnipoint Corporation (NASDAQ: OMPT), which was announced on Friday, October 22, 1999, its redeemable preferred stock in East/West will be redeemed, at the time the acquisition closes. The total proceeds from redemption will be in excess of $8 million and at that time, Interactive will recognize a pre-tax gain in excess of $4.0 million, or $1.70 per share after tax provision. Lynch Interactive also noted that it has under consideration various alternatives for raising additional capital to be used to accelerate growth in its telecommunications operations. In addition, Lynch Interactive reiterated that it has an option to sell a minority interest it owns in a cellular operation in New Mexico ("put option"). This put option is currently exercisable and expires in early 2002. If exercised subsequent to January 2001, the minimum exercise price would be $5 million. It is anticipated that when this option is exercised, it will result in a pre-tax gain of approximately $4.8 million, or $2.00 per share after tax provision. This put option had been previously announced by the Company. This release contains certain forward looking information which is based on certain assumptions, projections and estimates, including without limitation satisfaction of the conditions to the East/West merger and satisfactory market conditions. As a result it is subject to uncertainties, risks and inaccuracies which could be material. Lynch Interactive is a diversified company with subsidiaries in multimedia and services, and actively seeks acquisitions, principally in existing business areas. Lynch Interactive is listed on the American Stock Exchange under the symbol LIC. The Company's World Wide Web address is: lynchinteractivecorp.com. NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.