Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Primestar/TCI Satellite (TSATA) -- Ignore unavailable to you. Want to Upgrade?

To: Noel who wrote (156)	1/12/1999 11:05:00 AM
From: JDCFA	Read Replies (1) \| Respond to of 442

Kaimowitz's #'s don't add. I am attempting to contact him for clarification. In a nutshell, he adds Tempo debt without valuing Tempo assets. Tempo: Assets: 2 satellites (worth $250mm ea. according to Kaimowitz) 11 full conus transponders at 119d (no value assigned by Kaimowitz) Could be valued up to $250mm, worth at least $125mm Total Assets: $625mm to $750mm Tempo Debt: $575mm Net Value: 0 to $175mm Primestar subs. Kaimowitz value: $750/sub. Debt per sub. (excl. Tempo) $550 Net sub value for equity holders $200/sub. total subs: 2.3mm Total Value: $460mm Total shs.: 200mm Net Equity Value/share: $2.30 Assuming Tempo has 0 value or $3.18 assuming Tempo value of $175mm. There is no need for stock or bondholders to make concessions. The analysis of Kaimowitz is simply incorrect as it excludes vital information.

To: Noel who wrote (156)	1/12/1999 1:42:00 PM
From: Bo Le	Read Replies (1) \| Respond to of 442

Noel, Thanks. I read that from skyreport.com this morning. I have closed out my position yesterday (sold at $1.625). I had my original shares from my TCOMA. Then I brought some additional shares at $1. My cost is about $1.5. It is not a pleasant experience for me to hold this thing for such a long time. I still like the satellite industry. I like to buy something and hold for long time. If I am sure that TSATA share holders will not be wipe out, I would like to hold even no deals from GMH or DISH. But I feel they really don't care share holders and they only care about how much pct equity they control (I mean cable companies). I feel a re-org (in or out Chapter 11) may wipe out current TSATA share holders. Bo Le P.S. In general my timing is really bad. I guess TSATA will shot up from here.