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To: Charlie Langford who wrote (801)	7/23/1998 11:20:00 AM
From: Mailbu	Respond to of 119973

Taken off YHOO message board looks pretty interesting: =Tel-Save/Internet Co. -2: Potential For E-Commerce, Trading By Brian Steinberg NEW YORK (Dow Jones)--Now it comes down to the value of a list. Tel-Save Holdings Inc. (TALK), the New Hope, Pa. long-distance reseller, is now considering selling itself to an unnamed company that depends on the Internet for its business, according to the phone company's top executive. "Another company outside the telecom world has decided that they are interested in Tel-Save," Chairman and Chief Executive Daniel Borislow told Dow Jones. "The bankers are going to be meeting. The companies will be meeting. We're trying to get the due diligence done as quickly as possible." Borislow declined to describe Tel-Save's potential suitor further, but he did say his company's list of customers would probably prove very valuable to a concern that sells services via the Internet, or one that focuses on electronic securities trading. The executive said his list was approaching two million customers, each of whom spends approximately $30 a month. And he said Tel-Save expected to sign up about 700,000 new customers between July 10 and July 24. "It's not like I'm abusing my customers to put some kind of banner ad or some kind of promotion" on Tel-Save sites they visit, Borislow said. Tel-Save has garnered much attention for its $100 million marketing venture with America Online Inc. (AOL). Under the terms of that deal, Tel-Save has exclusive access to AOL's more than 11 million customers for offering 9 cents a minute long-distance phone service. Tel-Save is a reseller of AT&T long-distance service. Tel-Save first announced it was up for sale on Feb. 20, when it hired Salomon Smith Barney to help it explore options. Market talk suggests both AT&T Corp. (T) and GTE Corp. (GTE) have been interested, but neither of those phone giants has commented on the matter. Despite the sales effort, the going has sometimes become tough. Tel-Save shares slipped as low as 13 9/16 as recently as June 29 from a 52 week-high of 30 just four months earlier. The stock currently trades around 17. As the shares hit their low, Borislow announced he was considering a buyback of about $200 million to $300 million worth of Tel-Save shares if a sale could not be completed. Such a buyback would constitute almost the entire public float, Borislow said at the time. The move would benefit the executive, who holds a significant equity stake in the company, as well as institutional investors. And while Borislow said Thursday he hoped other Internet companies might also bid for Tel-Save, Borislow said the phone companies he has been talking with are still very much interested in his firm. While Borislow expressed optimism last week that Tel-Save would complete a sale by this Friday, he waved off any talk of deadlines in the interview. (MORE) DOW JONES NEWS 07-23-98 10:06 072398 -------------------- TAL News Server History: ADD : 98/07/23 10:06 [S:DJN] [X:N] [HOT] [DJN] [DJWI] [CEO] [DJS] [NET] [CAC] [WEI] [TEL] [CSV] [HOU] [IAS] [LDS] [MED] [PUB] [RTL] [SOF] [TLS]