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To: Bill Harmond who wrote (14554)	10/25/2002 3:02:17 PM
From: stockman_scott	Respond to of 57684

Charter Communications Stake of 5.3% Purchased by Mark Cuban Washington, Oct. 25 (Bloomberg) -- Mark Cuban, a technology investor who also owns the Dallas Mavericks National Basketball Association team, acquired a 5.3 percent stake in Charter Communications Inc. Cuban, the co-founder of Broadcast.com in 1995, holds 15.62 million Charter Class A common shares, according to a Schedule 13G filed with the Securities and Exchange Commission. Shares of Charter, the cable television business created by Paul Allen, the co-founder of Microsoft Corp., have declined almost 94 percent so far this year, making it the worst performing member of the Nasdaq 100 stock index. Company shares rose 14 cents to 1.08 cents each at 2:23 p.m. in trading on the Nasdaq Stock Market. Cuban crossed the 5 percent ownership threshold that requires public disclosure of his holdings on Oct. 17, the SEC filing said. Investors who disclose their stakes on a Schedule 13G must certify that they have no plans to take over the company or seek to influence management.