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Technology Stocks : General Instrument Corp.'98 (GIC) -- Ignore unavailable to you. Want to Upgrade?

To: Don Dorsey who wrote (420)	8/26/1998 6:02:00 PM
From: George	Read Replies (1) \| Respond to of 615

As a long term holder of GIC, I look at the latter news as a great buying opportunity. There will be no shortage of buyers at possibly lower bids during this offering. It is time to accumulate through this process. Finding the lows will be challenging, but rewarded in the end. Good luck fellow investors.

To: Don Dorsey who wrote (420)	8/26/1998 8:21:00 PM
From: John F. Dowd	Read Replies (1) \| Respond to of 615

What better investment would they T Forstmann et al. have their eyes on in this turbulent moment in the markets versus staying with GIC? Those are pretty good companies to do the deal and they will no doubt point out the strengths of GIC in the the distribution of these shares. This might just bring some positive focus on GIC. In the short term it is a lot of stock to distribute in a tough market. As the Chinese curse goes - it should be interesting. Still one has to wonder about the timing of this thing. These are big players and one has to ask do they see a general meltdown from their lofty perches? JFD

To: Don Dorsey who wrote (420)	8/27/1998 11:59:00 PM
From: Don Dorsey	Read Replies (1) \| Respond to of 615

Here's a new rumor to kick around. <<<<<<<<<<<<<<<<<<<<< Forstmann Little & Co To Sell 12.5% Interest in GI Aug. 27, 1998 (CABLEFAX, Vol. 9, No. 166 via COMTEX) -- GI [GIC] filed a S-3 with the SEC that lets Forstmann Little sell 21.7mln registered shares of GI's outstanding common stock, about 12.5% of the company, with 17mln of the shares to be sold in a secondary offering managed by Goldman Sachs, Merrill Lynch [MER] and Lazard Freres. Forstmann Little, which acquired the "former" GI in August '90, and reduced its stake through a June '92 IPO, also will distribute or sell its interests in CommScope [CTV] and Gen'l Semiconductor [SEM] that resulted from the July '97 spinoffs of GI divisions. "This distribution now reflects our belief that, after 8 years, our limited partners should be free to make their own investment decisions concerning the rest of their shareholders in the 3 companies," Forstmann Little sr partner Theodore Forstmann said. The move is seen as a cashing out on a decent investment by the partnership. One company that might take a hard look at those shares could be Sony, which already holds a modest stake in GI, and has been looking for ways to increase it.