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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (692)12/14/1998 7:07:00 PM
From: Triffin  Respond to of 57584
 
Rande Is..

Rande fess up..you been watching
Back to the Future II again.. right??

Jim in CT..buying more ATHM



To: Rande Is who wrote (692)12/14/1998 9:20:00 PM
From: Kevin Shea  Respond to of 57584
 
Rande is .... knowledgeable. Good post!!



To: Rande Is who wrote (692)12/14/1998 10:02:00 PM
From: Bucky Katt  Read Replies (1) | Respond to of 57584
 
Fed issues rare Y2K order to New Mexico bank
WASHINGTON, Dec 14 (Reuters) - A New Mexico bank on Monday became only the second U.S. financial institution ordered by the Federal Reserve to beef up its computer systems to prepare for potential year 2000 problems.

With a year to go before a feared potential computer meltdown at the start of the next millennium, the U.S central bank issued a cease-and-desist order against Zia New Mexico Bank in Tucumcari, N.M.

It orders Zia to appoint a manager within 10 days to supervise the bank's Year 2000 readiness and within 30 days to present a written plan to cope with, ''risks that may be caused by failures of the bank's core business practices.''

Fed regulators previously served notice they will toughen efforts to compel banks and other financial institutions do whatever is necessary to ensure that their computers operate normally when Year 2000 rolls around.

The concern is that many computer systems, which recognize only the final two digits in any year, may shut down completely or fail to operate normally when 2000 occurs because they may not recognize ''00'' as a valid year.

The Fed, in a special supervisory letter to the 12 regional Fed banks in November 1997, said, ''achieving Year 2000 readiness is critical to ensuring the safety and soundness of the banking system.''

The only other enforcement order it has issued against a specific institution was on Nov. 17, 1997. The Fed ordered bank holding company Putnam-Greene Financial Corp of Eatonton, Ga., to develop a plan to show that all computerized operations it does for itself and for three subsidiary banks would function normally after the century date change on Jan. 1, 2000.

The U.S. central bank has previously said it intends to have extra cash on hand, so that if banks face large withdrawals in advance of Year 2000 it can supply the funds to them quickly.




To: Rande Is who wrote (692)12/14/1998 10:27:00 PM
From: Robert  Read Replies (1) | Respond to of 57584
 
Rande,

Great post!

T share price in 3 yrs? any guesses?

Robert...



To: Rande Is who wrote (692)12/14/1998 10:32:00 PM
From: HandsOn  Read Replies (1) | Respond to of 57584
 
Wow that was a real peek into the future, keep posting and I'll keep learning from You. Thanks Rande!



To: Rande Is who wrote (692)12/15/1998 9:45:00 AM
From: R Hamilton  Respond to of 57584
 
thanks rande.......glad i asked!!! seems the key here is getting the fiber optic network completed.....i know alot has been done on this in the infrastructure, but what about to the end users?
tia...again,

rhonda



To: Rande Is who wrote (692)3/13/1999 10:54:00 AM
From: Rande Is  Read Replies (2) | Respond to of 57584
 
TCOMA / TCOMB / LBTYA / LBTYB / TCIVA / TCIVB / What do I own?

ENGLEWOOD, Colo., Feb. 17 /PRNewswire/ -- At a special meeting of its stockholders held earlier today, Tele-Communications, Inc. ("TCI") stockholders overwhelmingly approved: (1) the Agreement and Plan of Restructuring and Merger among AT&T Corp. ("AT&T"), Italy Merger Corp. and TCI, under which TCI would become a wholly owned subsidiary of AT&T and holders of TCI common stock would receive AT&T common stock; (2) the combination of Liberty Media Group ("Liberty") and TCI Ventures Group ("TCI Ventures"); and (3) an increase in the number of authorized shares of Liberty Media Group Series A and Series B common stock to 2.5 billion and 250 million shares, respectively.

TCI/AT&T Merger

Subject to receipt of necessary regulatory and other approvals and the satisfaction of necessary closing conditions, TCI and AT&T anticipate closing the merger in March 1999. Upon completion of the merger, each share of TCI Group Series A common stock will be exchanged for 0.7757 of a share of AT&T common stock and each share of TCI Group Series B common stock will be exchanged for 0.8533 of a share of AT&T common stock. In addition, the Liberty Group stocks will become tracking stocks of AT&T. As a result, each share of Liberty Media Group Series A and Series B common stock will be exchanged for one share of new Liberty Media Group Class A or Class B common stock, respectively; and each share of TCI Ventures Group Series A and Series B common stock will be exchanged for 0.52 of a share of the new Liberty Media Group Class A or Class B common stock, respectively. Cash will be paid in lieu of fractional shares.

Liberty/Ventures Combination

It is currently expected that the combination of Liberty and TCI Ventures will become effective as a result of the TCI/AT&T merger, rather than as a separate event preceding the merger. Immediately prior to the closing of the TCI/AT&T merger, TCI Ventures will transfer or attribute to TCI Group its entire interest in certain assets. In exchange for such asset transfers, TCI Group will pay TCI Ventures Group an aggregate of approximately $5.5 billion in cash.

Share Exchange and Ticker Symbol Information

Following completion of the TCI/AT&T merger, record holders of TCI Group, Liberty and TCI Ventures will receive a letter of transmittal to exchange their shares for the appropriate securities. For those stockholders holding shares in "street" name (not held of record, but in a broker account), the broker will be responsible for exchanging the shares into AT&T securities.

TCI Group, Liberty and TCI Ventures common stock will be delisted from The Nasdaq Stock Market upon completion of the merger. TCI Group shareholders will receive AT&T common stock, which is traded on the New York Stock Exchange under the symbol T. In addition, the new Liberty Media Group Class A and Class B common stock has been approved for listing on the New York Stock Exchange and will trade under the symbols LMG.A and LMG.B, respectively.

Tele-Communications, Inc. is traded through the TCI Group, the TCI Ventures Group and the Liberty Media Group common stocks. TCI Group Series A and Series B common stock (TCOMA/TCOMB); TCI Ventures Group Series A and Series B common stock (TCIVA/TCIVB); and Liberty Media Group Series A and Series B common stock (LBTYA/LBTYB) are traded on the National Market tier of The Nasdaq Stock Market.

SOURCE Tele-Communications, Inc.

/CONTACT: Julie Goldsmith or Dennis Sienko, 303-267-5048, of TCI Investor
Relations; or LaRae Marsik or Katina Vlahadamis, 303-267-5273, of TCI Media
Relations; or Vivian Carr of Liberty Media, 303-721-5406/