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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (350)	7/16/1998 10:30:00 PM
From: Derrick Sweet	Read Replies (3) \| Respond to of 3015

DOW JONES HAVE BEEN A VERY RELIABLE SOURCE...THEY INTERVIEWED KEY PLAYERS IN THE INDUSTRY WHO SEEM TO THINK THIS IS A DONE DEAL AT $45 OR BETTER. IT MAY JUST BE A FEW DAYS BEFORE INK IS PUT TO PAPER. IF I WERE SHORT, AND I'M NOT, I WOULD TAKE COVER!

To: Secret_Agent_Man who wrote (350)	7/16/1998 10:35:00 PM
From: Grant	Read Replies (1) \| Respond to of 3015

I'm wondering why MSFT, AOL, and YHOO waited until now to consider buying this company. I understand their patents are very valuable and a must especially to AOL. One only needs to experience a cable modem once to understand the benefits. Any thoughts? Grant

To: Secret_Agent_Man who wrote (350)	7/17/1998 3:41:00 AM
From: Pluvia	Read Replies (1) \| Respond to of 3015

STRONG SELL Rec SRCM - Buyer Beware - 20 million of insider sales? <<<1) The insider shares sold in May were by an early investor of SRCM that bought into the company under $1 per share and wanted(needed) to diversify holdings. Supposedly, a major position in SRCM is still held by this venture capital group.>>> Glad you brought this up - and spammed it on about 10 SRCM boards. Lets clear up your misunderstanding. Here's the bottom line -- OVER 20 Million Dollars of stock sales can be attributed directly to the officers of SRCM. 27 of the 28 sales listed that date can be tied to insiders... How about that? Looks like they had lots of faith in the technology and this company being bought out! Here's the rundown of the May 19-20 sales of stock. As you can see from this taken from the Company's K, Mike Marocco is a director - AND "Managing Director of Sandler Capital Management" Surprise surprise -- who was selling as part of the 28 listed sales on May 19-20? A few of the Sandlers.... Michael J. Marocco, age 39, has served as a director of the Company since May 1996. Mr. Marocco is a Managing Director of Sandler Capital Management ("Sandler") and has been associated with Sandler since April 1989. Name: MAROCCO MICHAEL J Title: Director Company: Source Media Inc 20-May-98 Sold (S) 438,140 (I) COM 15.19 $6,655,346 19-May-98 Sold (S) 44,500 (I) COM 16.07 $715,114 Name: SANDLER ANDREW Name: SANDLER HARVEY Title: Shareholder Company: Source Media Inc 20-May-98 Sold (S) 438,140 (I) COM 15.19 $6,655,346 19-May-98 Sold (S) 44,500 (I) COM 16.07 $715,114 Lets look at Barry Rubenstein from the last K.... Barry Rubenstein, age 54, has served as a director of the Company since September 1997. In 1994, Mr. Rubenstein co-founded the 21st Century partnerships, of which he is presently a principal. Notice he "co-founded the 21st Century partnerships, of which he is presently a principal". Gee Whiz, now look at all them shares Barry and 21st Century partnerships sold during this period! Name: RUBENSTEIN BARRY Title: Director Company: Source Media Inc Shares Remaining: 50,000 as of 20-May-98 20-May-98 Sold (S) 438,140 (I) COM 15.19 $6,655,346 19-May-98 Sold (S) 44,500 (I) COM 16.07 $715,114 Name: 21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS LP Title: Beneficial Owner of More Than 10% of the Company's Securities Company: Source Media Inc 20-May-98 Sold (S) 352,676 (I) COM 15.19 $5,357,148 20-May-98 Sold (S) 35,464 COM 15.19 $538,698 19-May-98 Sold (S) 40,437 (I) COM 16.07 $649,822 19-May-98 Sold (S) 4,063 COM 16.07 $65,292 Name: 21ST CENTURY COMM TE PARTNERS LP Title: Beneficial Owner of More Than 10% of the Company's Securities Company: Source Media Inc 20-May-98 Sold (S) 298,633 (I) COM 15.19 $4,536,235 20-May-98 Sold (S) 89,507 COM 15.19 $1,359,611 19-May-98 Sold (S) 34,235 (I) COM 16.07 $550,156 19-May-98 Sold (S) 10,265 COM 16.07 $164,958 After you tally the whole lot up, out of the 28 listed transactions, 27 can be directly tied to one of these directors - via Marocco's relationship with Sandler, or Barry Rubenstein and 21Century Partnerships. Now step back and add that up... OVER 20 Million Dollars of sales attributed directly to the officers of SRCM. Looks like they had lots of faith in the technology and this company being bought out!