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

To: M. Dion who wrote (249)	1/23/1999 3:54:00 PM
From: Randall Thomas	Read Replies (1) \| Respond to of 442

<<lso, this question should have been asked also.....Why would the chairman do this deal and leave nothing for the shareholders and open himself up to all sorts of liability...?>> Primestar is what i believe is considered 'closely held,'....so they have zero obligation regarding tsata stock value....the shareholders know they are going to be underwater anyway, perhaps some of them were also bondholders who appear to have a good chance of recouping most or all of their principal TSATA can attempt to depict itself (or be depicted by others) as an internet company tout, but i think the odds of this doing anything signifigant to the stock are remote. I am not clear on how tsata shareholders will be paid in this deal (does tsata get converted to gm.h stock, a cash dividend, or both?)but even if tsata shares are not going to be converted to something else i would not fantasize about this stock going to the moon off some internet hype. It is wayyyyyy too thick with far too much overhead supply to move an oinking pig like this thing. Obviously my statements above, including my characterization of this tsata/internet talk as hype, is my opinion. Sue away....