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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (89365)	8/1/2001 9:13:55 AM
From: etcobbe	Read Replies (2) \| Respond to of 150070

I agree CGYC - Hot! Much bigger than USXP will collect. $1.2 billion is not chump change even if they collect or settle on 25% of amount that's over $500 million and with the company the lawsuit is against, the money is guarenteed. This is nice. This will be a $1 stock and more when settlement is done. If the CEO of USXP says they are worth $2-3 per share CGYC is worth $8-10 per share.

To: Joe Copia who wrote (89365)	8/1/2001 9:14:37 AM
From: Joe Copia	Respond to of 150070

High Speed Access Says Gets Offer To Buy Certain Assets ST. LOUIS -(Dow Jones)- Charter Communications Inc. (CHTR) offered to acquire certain assets of High Speed Access Corp.'s (HSAC) cable modem business for about $73 million in cash and the assumption of debt. In a press release, High Speed Access said it is evaluating the proposal. In addition, High Speed Access said it has formed a special committee of the board to consider strategic options including a sale of the company or its assets, a merger, consolidation or other strategic transaction. Lehman Brothers Holdings Inc. (LEH) is assisting the committee. Should High Speed Access and Charter reach an agreement, High Speed Access said it would consider either an orderly shutdown of its remaining businesses and a distribution to shareholders or the restructuring and expansion of its business with sale proceeds. High Speed Access said it was unable to determine whether the net value of Charter Communications' proposal, when combined with the value of High Speed's remaining assets and liabilities, equals or exceeds the recent trading value of its common shares. High Speed Access cited the complexity of the Charter proposal, the time required to negotiate and close a transaction, and the company's review and assessment of the effect of such a transaction on its remaining businesses. Shares of High Speed Access closed at $1, up 5 cents or 5.26%, on the Nasdaq Market. (This story was originally published by Dow Jones Newswires) Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved Copyright (C) 2001 Dow Jones & Company, Inc. All Rights Reserved. Click here for a free trial