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Technology Stocks : VocalTec (VOCL) -- Ignore unavailable to you. Want to Upgrade?

To: David Wiggins who wrote (1617)	6/29/1998 1:18:00 PM
From: Don Walster	Read Replies (2) \| Respond to of 2349

Hi David! The following current article by Shlomi Cohen is with regard to the impact of ATT's 30 billion dollar purchase of TCI and the impact it will have on VocalTec: Monday , June 29, 1998 Sun-Thu at 18:00 (GMT+3) Head To Head AT&T Buys, Who Profits? By Shlomi Cohen AT&T, which acquired cable giant TCI for more than $30 billion. This acquisition amounts to a public declaration on the part of AT&T that the technological and commercial future will focus on services via the Internet. TCI has long since been aware of this, but it didn't have the billions that AT&T is able to invest in interactive cables, with tens of millions of subscribers. Investments of this magnitude are supposed to provide a living for a host of high-tech companies, since the cable subscriber will go shopping, make phone calls and order movies and so on, through the Internet. The holy trinity of TV, telephone and computer is coming together and merging on the Internet. What does all this mean for Israeli companies in general and my share portfolio in particular? It means plenty. For example, VocalTec (VOCLF) should be celebrating. AT&T's CEO, in a CNN interview, pointed to the Internet telephony market as a prime target of the merged company. Meaning, in the vernacular, that cable subscribers will be able to make telephone calls via the cables at ridiculous prices, thus creating an enormous potential market for VocalTec. The Israeli company is already participating in a tender worth tens of millions of dollars for Internet telephony, recently published by AT&T. VocalTec is also one of the few companies that has anything to offer in that context. This week, I am doubling my VocalTec holdings in view of the low price and the low risk ($5 cash per VocalTec share). Kindest regards, Don