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Technology Stocks : AT&T -- Ignore unavailable to you. Want to Upgrade?

To: t36 who wrote (1868)	1/23/1999 7:23:00 PM
From: HG	Respond to of 4298

t36, That's an interesting question. I own TCI because I felt that that cable industry had great potential. My ownership of LBTYA came as a result of TCI splitting the cable company into segments. Who would have thought that the big, cumbersome ATT would become the growth company that I think it is going to become. It obviously has put together a great forward thinking organization that will lead us into the next century, providing they can control and manage all the entities they will encompass. I think that if someone wanted to enter this scenario now, they should buy T. I mean, why buy the water when you can buy the sponge. For me I have have deduced that it makes more sense to become a T shareholder through the merger rather than sell TCI and buy ATT. The tax implications on that alone would be huge. To your point, the math will be the same no matter what the price is. I believe that ATT has a great future and is undervalued now and will be even more undervalued after the merger unless there is a tremendous price runup prior to the date of record, whatever that may be. My point on LBTYA was a separate matter. LBTYA will be a free standing business even after the merger. LBTYA is asking it's current shareholders to authorize increasing the amount of shares authorized to 2,500,000,000 from somewhere under 1 billion. It seem to me that the growth potential of LBTYA is huge. Look up the Liberty Media Group and take a look at there current holdings. They are huge and potentially awesome. The above, of course is simply my opinion and is really a simplified scenario. Sorry to be so long winded. Regards and good fortune to us all. HG