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To: Puck who wrote (272)10/11/2001 1:36:10 PM
From: howsmydrivingal  Respond to of 787
 
Suppose a deal was worked out in that if 21.7 were moved on the open market, the price would have shot down like GX (under 40 cents at one point) so Allen got out at the time he needed to without a total collapse.

Maybe also it plays this way...Jain has said a strategy of his with private investments for INSP would be to invest in partners (both private and public) that can not only increase INSP chances of returning a profit, but to further the deployment of INSP technologies. See Yaga and Altura...both private companies that INSP invests in and supplies services to. Another example of a private company invested in by INSP and supported through INSP services is Locus.

So it may very well be possible that Allen, by agreeing to sell back to INSP at a lower than market price is 'paying in advance' for content and services for his Charter Communications. INSP is free to structure the fees any way they see fit.

Allen was said to have incurred tax liabilities for selling MSFT stock. This may have been a win win for both Vulcan and INSP if Vulcan benefited by tax loss selling.

Today, incidentally, would be the 31st day for Vulcan, and they could repurchase now without a wash of the tax benefits. JMHO.