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To: Joey Smith who wrote (58678)6/24/1998 4:05:00 PM
From: Ibexx  Read Replies (1) | Respond to of 186894
 
Joey,

The acquisition package offered by T to TCI contains $5 billion for ATHM.

Ibexx



To: Joey Smith who wrote (58678)6/24/1998 6:37:00 PM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
Joey - Re: "AT Home - Isn't Intel a big investor in the company"

Check this out:

{=============================}

Friday July 11 6:48 PM EDT

Intel buys small stake in At Home

PALO ALTO, Calif., July 11 (Reuter) - Intel Corp. made on investment of less than $5 million in high-speed Internet access provider At Home Corp(ATHM - news) at the offering price of $10.50 a share, sources familiar with the transaction said.

One of the sources said the investment involved ''a few hundred thousand shares'' and was handled at the opening of the stock's debut on the public market.

A spokesman for Intel said the company does not comment on investments it makes, unless they are material to the company in which it is investing. But he did say Intel has been involved in a dialog with At Home since it began in 1995.

''We have a close relationship with the cable industry at large and we have an evolving relationship with At Home,'' said Intel spokesman Tom Waldrop. ''We have been involved with At Home in a dialog pretty much since the beginning.''

Intel, based in Santa Clara, Calif. has invested in roughly 100 public and private companies, including multimedia concerns, enterprise software companies, and pioneers in the area of semiconductors. Its portfolio is currently valued at around $500 million, the company said.

Industry sources valued that investment at $15 million.

Merrill Lynch, which with Morgan Stanley Dean Witter was co-manager of the team which underwrote the At Home offering, declined comment on whether Intel had made an investment.

At Home shares pushed as high as 25-1/2 in early trading, but soon retreated and to close at 17, up 6-1/2, in volume of more than 12.6 million on Nasdaq.

A total of nine million shares were sold in the offering, which underwriters priced at $10.50 a share, raising $94.5 million in total proceeds.

At Home is backed by cable television giants such as Tele-Communications Inc., Comcast
Corp., and Cox Communications Inc., in addition to high profile venture capital firm Kleiner
Perkins Caufield & Byers.

{=============================}

Don't forget Intel's many other investments - INCLUDING Broadcom!

Paul



To: Joey Smith who wrote (58678)6/24/1998 11:20:00 PM
From: StockMan  Respond to of 186894
 
Joey,
Re -- AT&T's aquisition of TCI.. ATHOME and BAY NETWORKS..

One of the BIG beneficiaries of the $5billion to ATHOME will be BAY Networks whose Cable Modem headend gear has been selected by TCI.

biz.yahoo.com

TCI.NET Selects Key Data Equipment Vendors

ENGLEWOOD, Colo., April 30 /PRNewswire/ -- TCI.NET, the broadband data division of the cable system operations of Tele-Communications, Inc. and part of the TCI Group of assets (Nasdaq: TCOMA - news), will purchase cable modems and associated headend equipment made by four leading suppliers.

After issuing an RFP in September 1997 to identify manufacturers of high- speed data equipment that meets specifications as set out by the CableLabs DOCSIS (Data Over Cable Service Interface Specifications) effort, TCI.NET has selected two primary cable modem headend suppliers and three cable modem suppliers.

3Com Corp. and Bay Networks Inc. will supply TCI.NET with cable modem headends, identified in the DOCSIS specification as Cable Modem Termination Systems (CMTS). 3Com will also supply cable modems to TCI.NET, as will Thomson Consumer Electronics and General Instrument Corporation.

''Adherence to the industry's cable modem specification was a key element in our rigorous evaluation process,'' said Susan Marshall, Vice President of Products and Technology for TCI.NET. ''We fully expect that, prior to deployment, each of our vendor's products will be certified by the CableLabs- led DOCSIS Certification Program.''

''This is a networking and modem business and TCI.NET has invested in the best of both worlds,'' said Levent Gun, Vice President and General Manager, Cable Access division of 3Com. ''Their pursuit of interoperability, economy and retail distribution is trail blazing. We look forward to an active and expansive relationship with TCI.NET.''

Karl May, Vice President and General Manager of the Broadband Technology division at Bay Networks, said that the decision validates the manufacturer's plan to be among the first in supplying standards-based equipment to the cable industry. ''This proves that cooperation between competitors on interoperability works,'' he said, referencing a decision between Bay and 3Com last year to jointly pursue interoperability.

Thomas J. Lynch, Senior Vice President and General Manager of General Instrument's Satellite Data Network Systems, called the selection of its SURFboard modems a critical step forward. ''TCI.NET and, actually, the entire cable industry have a significant competitive edge in the delivery of high- speed data services to residences and businesses. TCI.NET's selection of GI's modem recognizes the strength of our product line and our commitment to making this emerging business a success. GI's strength is in providing end-to-end systems solutions in a variety of customer applications.''

Al Baker, General Manager, Digital Product Management for Thomson, said ''We are pleased to join the TCI.NET initiative for two-way digital cable modems. With our number-one ranked consumer electronics brand 'RCA' and the largest retail network in the electronic industry, we are ideally positioned to quickly expand consumer availability of these products.''

3Com Corporation (Nasdaq: COMS - news) enables individuals and organizations worldwide to communicate and share information and resources at anytime from anywhere. As one of the world's preeminent suppliers of data, voice and video communications technology, 3Com has delivered networking solutions to more than 100 million customers worldwide. For further information, visit 3Com's World Wide Web site at 3com.com, or the press site at 3com.com.

Bay Networks - Where Information Flows(TM). Bay Networks, Inc. (NYSE: BAY - news) is a leader in the worldwide networking market, providing a complete line of products that serve corporate enterprises, service providers and telecommunications carriers. The company offers frame and ATM switches, routers, shared media, remote and Internet access solutions, IP services and network management applications, all integrated by Bay Networks' Adaptive Networking strategy. For additional information, visit the company's World Wide Web site at baynetworks.com or call 800-8-BAYNET.

General Instrument Corporation (NYSE: GIC - news), headquartered in Horsham, Pa., is the world leader in analog and digital systems that provide video, audio and high-speed Internet/data services over cable and satellite TV networks. GI's cable and satellite TV operations have approximately 7,000 employees and annual sales of approximately $1.8 billion.

Thomson Consumer Electronics Inc., headquartered in Indianapolis, Ind., is the country's largest manufacturer and marketer of television receivers and related video products under the RCA, ProScan and GE brands. A leader in the development of digital video and convergence products, Thomson introduced the mini-dish RCA Digital Satellite System in 1994, pioneering the use of interactive on-screen program guides.

Tele-Communications, Inc. is traded through the TCI Group, the TCI Ventures Group and the Liberty Media Group common stocks. Series A and Series B TCI Group common stock (TCOMA/TCOMB); Series A and Series B TCI Ventures Group common stock (TCIVA/TCIVB); and Series A and Series B Liberty Media Group common stock (LBTYA/LBTYB) are traded on the National Market tier of the Nasdaq Stock Market.