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To: ahhaha who wrote (2463)	7/13/1998 12:50:00 PM
From: Hiram Walker	Read Replies (2) \| Respond to of 29970

ahhaha, on the Tacoma issue, it shows the anger towards TCI,its unbounded. I think it may work out,Cedar Rapids has been doing it for over a year,we should look to see how they are doing. ON the 21st Century issue, they have heckuva management team,and we will see what they can do. Is also shows the anger towards TCI. Did you read Malone's comments today? He looks like he is going to dump the deal,like the Bell Atlantic deal,but why? Is this just a ploy? Monday July 13, 11:34 am Eastern Time AT&T-TCI Deal Said Threatened NEW YORK (AP) -- Tele-Communications Inc. (Nasdaq:LBTYA - news; Nasdaq:TCOMA - news) chairman John Malone concedes that the sharp drop in AT (NYSE:T - news)&T Corp.'s stock price could kill the telephone company's $31.7 billion acquisition of his cable-TV company. A published report today quoted Malone as saying that he was worried AT&T shareholders might reject the takeover because of the deal's complexity and a dilution in the value of their holdings. AT&T is paying mostly newly issued stock to TCI shareholders. ''It scares me to death to see their stock going down,'' Malone told Broadcasting & Cable, a trade publication. ''Scares me to death because I think it could well kill the deal.'' AT&T stock has dropped about 13 percent since the deal was announced June 24, prompting speculation the terms may need to be renegotiated if AT&T wants to pull it off. AT&T shares were off another 31 1/4 cents at $56.68 3/4 in morning trading on the New York Stock Exchange. AT&T chairman Michael Armstrong testified before Congress last week that the deal's terms were not open to renegotiation. But Malone said some details had never been completed and still were being worked out, including the formation of tracking stocks to follow the performance of new AT&T divisions. ''It was a mistake not to have fully worked out the details of the tracking stock so it could be disclosed at the same time'' as the deal's announcement, Malone told the publication. ''I think you'll see this thing turn around and become very positive.'' AT&T reportedly is considering trying to insulate the value of its mainstream telephone company shares from the impact of its investments in TCI's cable lines. I will check to see how Cedar Rapids is doing,but many utilities,with their rights of way,are getting into the telecommunications business,due to deregulation in their industry. It is not an accident that most are targetted at TCI installations. I don't see anyone taking on COX head to head. Hiram