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Technology Stocks : Sonic Blue (SBLU) -- Ignore unavailable to you. Want to Upgrade?

To: REH who wrote (11)	5/22/2001 7:10:54 PM
From: Jim Muskett	Read Replies (1) \| Respond to of 57

REH: We can only hope that the deal for ReplayTV is actually consummated. I had this bad feeling that the deal with SBLU was just a backup strategy in case their licensing arrangement with MOT fell through. I've not read anything about the acquisition since the press release in March and the 10K. In the 10K there is mention of a loan for $10M to ReplayTV with an followon of $6M, if required. AT today's closing price of $4.21 the value of the 15.5M shares is roughly $65.25M; shy of the $80M deal by $14.75M. Though there wasn't any mention of it in the 10K, I'd assume that that $10M or possibly $16M loan is payable in ReplayTV equity before we close the deal.