To: Stuart C Hall who wrote (2538 ) 7/20/1998 2:39:00 PM From: Hiram Walker Respond to of 29970
Stuart, salivate over down and out companies,looking towards CREAF today,bought ANAD last week. Hard to guess where these maniac stocks like BCST are going. It should be a $2 dollar stock,wouldn't buy it with stolen money(which the market provides). ATHM is the dominant franchise in cable modem access. I wait for negativity on the SI boards,look at the fundamentals,and analyze whether I would want to buy the company out at that price if I had the cash.But here is the competition,watch out,its bitsy,teany weany cable companies in Charleston are setting up a new @Home,@Homeless, or maybe @Shack,@MobleHOME? Company Press Release SOURCE: Internet Cable Corporation Internet Cable Corporation Announces Contract Expansion With US Cable Coastal Properties CHARLESTON, S.C., July 20 /PRNewswire/ -- Internet Cable Corporation (OTC Bulletin Board: ICBL - news) today announced expansion of its rollout of CableWave(TM), in partnership with US Cable Coastal Properties, to larger residential and commercial markets in both South Carolina and Georgia. CableWave(TM) is Internet Cable Corporation's high-speed Internet access by cable modem service, currently available to US Cable's subscribers in the Wild Dunes suburb of Charleston, South Carolina. US Cable Coastal Properties has completed a fiber-optic upgrade, combining the cable TV systems of Johns Island, Kiawah Island and Seabrook Island in South Carolina. US Cable Coastal Properties has in excess of 47,000 subscribers. Additionally, Internet Cable Corporation and US Cable are coordinating the testing of cable TV lines in US Cable's St. Marys, Georgia, system for CableWave(TM) services. The roll-out for this 4,300 subscriber system is planned for the fourth quarter of 1998. Timothy R. Karnes, President and CEO of Internet Cable Corporation, remarked, ''I am enthusiastic about the expansion of CableWave(TM) into additional US Cable Coastal Properties service areas. The high-speed Internet industry has received a lot of attention in recent weeks due to the acquisition of TCI by AT&T and its resultant controlling interest in the @Home network. This merger further proves cable modems are the obvious choice over ISDN and ADSL technologies.'' US Cable Coastal Properties is an affiliate of the privately held US Cable Group, of Montvale, NJ, which operates cable systems in South Carolina, Georgia, Florida, Texas and New Mexico. US Cable Group's telecommunications offerings include US Telecom, a telephone service provider that supplies convention centers, and USFI Network Services, Inc., a global provider of telecommunications services and networks to government markets. Internet Cable Corporation, headquartered in Charleston, South Carolina, is in the business of administering high-speed Internet access for cable TV companies on a revenue sharing basis. The use of cable modems for Internet access provides customers the ability to download and upload multi-media at speeds hundreds of times faster than those of typical telephone modems. More information is available at Internet Cable Corporation's website at: http//www.cablewave.net . Its a pink sheet BB company. Hiram