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To: Solid who wrote (23103)6/11/2000 12:45:00 AM
From: FR1  Read Replies (1) | Respond to of 29970
 
Good post on Chello, Solid.

Just thought I would mention that the IPO for Chello (disclosure info in post 23081), has been ready to go for some time and was stopped just last week because of these talks.

Interesting to note in the the disclosure the following:

1999 Revenue:$7,374,000
1999 Net Income (Loss): ($140,000,000)

Makes you wonder about the statement: Chello currently has 210,000 broadband subscribers and that Chello will have a positive cha-flow with about 600.000 to 700.000 subscribers...

On the other hand, this all seems like monopoly money and UPC could probably have made Chello look a lot better if they felt like it by taking some of the debt off the books.