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Technology Stocks : COM21 (CMTO) -- Ignore unavailable to you. Want to Upgrade?

To: Charlie Smith who wrote (127)	1/6/1999 4:42:00 PM
From: pat mudge	Respond to of 2347

More industry news, not directly related to CMTO: January 6, 1999 Dow Jones Newswires Telewest Stock Flip Nets Dresdner GBP15 Mln Profit By BILL MCINTOSH Dow Jones Newswires LONDON -- Dresdner Kleinwort Benson made nearly a GBP15 million profit in a few hours Wednesday when it handled a block trade worth GBP445 million that accounted for about 12% of Telewest Communications PLC (TWSTY), Britain's second-largest cable company. The so-called bought deal comprised almost 254 million shares, for which DKB paid 175.25 pence per share. Sources close to the transaction said DKB placed the stock at 181 pence in an auction that was described as considerably oversubscribed by institutional investors from the U.S., U.K. and Europe. That marked a near 12% discount to Telewest's closing price Wednesday, unchanged, at 205 pence in London. The initial trade was announced minutes after the London Stock Exchange closed. The institutional stakes are expected to be announced under disclosure rules in the coming days. On NASDAQ, Telewest slid 2 3/8, or 7.2%, to 30 3/4 on heavier-than-usual volume of 98,800. People close to the transaction said Cox Communications Inc. (COX), following talks with Telewest, had sold its 12% stake in the cable television and telephone operator. Other shareholders in Telewest include Tele-Communications Inc.'s international subsidiary with 21.6% and Mediaone Group Inc.(UMG), which holds a 29.9% stake. "Clearly it was the right time to do it with the telecoms market as hot as it's been and the fundamentals improving, especially with digital television and business telecoms starting to perform," a Telewest spokesman said. Telewest stock has jumped 68% since mid-November and almost 20% since Monday. The sale is bound to boost market liquidity as about 49% of Telewest stock now resides in public hands - double the proportion of stock sold at its 1994 initial public offering. By Bill McIntosh; 44 171 832 9205; bmcintosh@ap.org -

To: Charlie Smith who wrote (127)	1/6/1999 9:10:00 PM
From: pat mudge	Respond to of 2347

AT&T to Build At Home's Backbone Craig Bicknell 12:00 p.m. 6.Jan.99.PST At Home, the company that provides fast Internet access over cable, will pay AT&T US$100 million to provide At Home with a new Net backbone that will makes its services available nationwide. The company said on Tuesday that the system, consisting of two fiber-optic channels capable of moving data at 2.5 gigabits per second, would begin operation in the middle of the year and would boost At Home's capacity by 100 times, allowing it to serve up to 5 million broadband users in the near term, and nearly unlimited numbers in the future. The broader reach and greater capacity could help At Home, based in Redwood City, California, create a next-generation, high-speed online service to challenge traditional Internet service providers -- not just the niche cable-modem markets, analysts said. "This makes a lot of sense," said Jennifer Klein, an analyst with Deutsche Bank Securities. "It puts them in a more strategic place against America Online" and other Internet service providers. The news sent At Home's (ATHM) stock soaring, up $10.88, nearly 15 percent, to $91.12 by late morning on the Nasdaq. "The big benefit to consumers is that our backbone will be one of the fastest, if not the fastest, in the United States," said Milo Medin, At Home's chief technology officer and cofounder. "More importantly, we'll be able to maintain that performance as we add many, many new users." Those users may include Fortune 500 companies, which will tap At Home's @Work service for high-speed network needs. Under At Home's previous contract with Sprint, the company couldn't pursue large corporate customers for fear of overtaxing its network resources. At Home didn't disclose the value of the contract, but analysts said the company was investing about US$100 million in the new backbone. "This deal won't change our commitments to Wall Street in terms of profitability," said Medin. "It's neutral in the short-term, but we expect big benefits in the long-term." The big loser in the deal, according to Medin, could be At Home competitor RoadRunner, a unit of Time Warner, which still buys backbone services from multiple providers. "This separates the top tier from the second tier." Medin insisted that At Home selected AT&T (T) based on merit, not because of AT&T's pending acquisition of cable TV operator TCI (TCOMA), At Home's largest shareholder.

To: Charlie Smith who wrote (127)	1/7/1999 2:42:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 2347

Trying to put 2 and 2 together. First, this from today's LATimes: latimes.com . . .Cisco's new device, the cable modem, will be the first to offer regular voice connections. It will sell for about $1,000 and is aimed at home offices. But Cisco is also licensing its technology to consumer electronics companies such as Sony, Hitachi and Samsung, which plan to offer similar products for the consumer market later this year. Cisco believes that over time, Internet service, cable TV providers and others will offer telephone services to their customers as a free add-on to their basic services. As part of its consumer strategy, Cisco plans to work with a broad range of partners to create a new "personalized network" that will make it easy to connect personal computers, televisions, phones and other appliances to one another and to the Internet. . . . Then this, from Com21's web site: com21.com I've phoned the company to see if there's any connection other than having done the road show. Even if there's not, Cisco's push into this market is a big plus. Later --- Pat