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To: FR1 who wrote (20403)	3/30/2000 2:06:00 AM
From: gpowell	Read Replies (1) \| Respond to of 29970

B) Warrants to purchase 2 shares for each home their system passes. At what price? Last 10 days average - assume $30.

To: FR1 who wrote (20403)	3/30/2000 2:54:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 29970

1) I assume that Armstrong will move quickly to appoint TJ and Bell's future replacements to the board. That's pretty good sleuthing since it hasn't been so expressed. I do believe you're right but Att can't proceed overtly. Do I understand it correctly that T will be able to appoint some board seats immediately since Comcast and Cox will give up certain veto rights they have at the Excite@Home board level and their representatives will resign.? Immediately must await shareholder approval. In a way it's a done deal in the sense that board opposition will not arise now to Att's coming actions. I am still trying to make sure I understand what T gave Comcast and Cox. Comcast and Cox aren't sure either. B) Warrants to purchase 2 shares for each home their system passes. At what price? A warrant gives you the right to buy the common at the market price of the common. (Don't you hate it when someone answers like that?) I guess you can see why 48 is a sticking point. 3) How much influence/control of roadrunner does T get through the merger? Their proportionate owned share (30%).