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 : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (4747)	2/7/2001 8:53:41 AM
From: Tom Allinder	Read Replies (1) \| Respond to of 4792

Market Commentary: My opinions are as follows... What happened to the penny market? After a nice three week run or so, it seems to have really dropped off in volume and interest. It is my firm and unwavering belief that the OTCBB performance is directly linked to NASDAQ performance. If you look at NASDAQ over the last 2 1/2 weeks or so, it has lost some ground (which is a normal pullback) to fill a gap in the chart in the 2610 area. With CSCO news of yesterday, I expect we should see a weak open today followed by a rally that should take us somewhere above the 2850 area. If this rally does NOT occur we may see significant tankage and penny market will be dead. Bottom Line: Once NASDAQ resumes the rally (if it does) then the penny market will wake up. Tom

To: LANCE B who wrote (4747)	2/7/2001 8:59:03 AM
From: Tom Allinder	Respond to of 4792

You all know I am a longer termer with regard to pennies... I made some decent money on stocks like QNET, SHCC, TVCP (biggly on TVCP).. If the NAZ rallies, I am looking to get back into the same type of stocks. They have all consolidated nicely and are at what I think are bottoms... MY OPINIONS Tom

To: LANCE B who wrote (4747)	2/7/2001 6:19:39 PM
From: chapin	Respond to of 4792

Here it is Lance. Mitch Murdoch closes in on DirecTV By James Harding in London Published: February 6 2001 23:08GMT \| Last Updated: February 7 2001 16:59GMT Rupert Murdoch is close to finalising a $70bn deal that will leave him with control of DirecTV, adding the leading US satellite TV business to his global media empire. News Corporation, Mr Murdoch's media group, and General Motors, the automotive company that controls DirecTV, are understood to have reached a tentative agreement over the terms of a possible deal. But what would be the biggest transaction of Mr Murdoch's media career - which spans nearly 50 years - still requires the approval of the boards of the three main companies involved: News Corp, GM and Hughes, the GM subsidiary that houses DirecTV. People involved in the negotiations say a deal could still fall through. GM said on Tuesday the talks "had not reached a conclusion" and added that GM was "still talking to more than one party". But under the outline terms of a deal now reaching the final stages of negotiation, Sky Global Networks, Mr Murdoch's collection of digital businesses, would merge with Hughes. Mr Murdoch would emerge as chairman of the combined company, which has been valued by people working on the deal at roughly $70bn. Microsoft, the world's biggest software group, is expected to invest $4bn-$5bn in the new business. The company will become a significant minority investor, while bringing technological know-how to a global media and communications business that will help define what many see as the next digital gateway into the home: the set-top box. The other significant investor in the combined company is likely to be John Malone, the chairman of Liberty Media and a man who has emerged as a strategic partner of Mr Murdoch. Under the terms of a complicated deal, Mr Murdoch's Sky Global assets would initially account for 35 per cent of the combined company and Hughes shareholders would account for 65 per cent. The people involved in the deal would then plan to sell Panamsat, the commercial satellite operator that is also part of Hughes, for $6.5-$7bn. Following that transaction, GM would sell down its stake in the combined company for roughly $8bn. This could leave GM with a significant minority stake. News Corp would then be left as by far the largest single shareholder in the combined company and Mr Murdoch would control the world's largest family of satellite television operators. It is understood that GM board members on Tuesday considered the terms of the deal. If Mr Murdoch can finally secure DirecTV - with nearly 10m subscribers to its US satellite service - he will have put what many see as the missing piece into his global patchwork of TV businesses. News Corp's satellite TV interests stretch from Star TV in Asia to British Sky Broadcasting in the UK. The company has stakes in pay-TV operators in Germany, Italy and Latin America. But the group lacked US coverage. Officials at News Corp and Hughes either declined or could not be reached for comment. more from FT.com Murdoch closes in on DirecTV Fox Television boosts News Corp earnings BSkyB beats expectations despite internet losses Murdoch realises his dream Timeline: Murdoch's satellite ambitions Murdoch may ditch IPO plan for digital group FT.com's media and entertainment page