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To: steve host who wrote (70)2/5/1999 8:12:00 AM
From: Emilio Machado, DDS  Respond to of 489
 
$80.00 - $90.00



To: steve host who wrote (70)2/5/1999 8:47:00 AM
From: Mad2  Respond to of 489
 
Steve sounds reasonable, MP indicated a target of 80 and he has proven to be on the low side with MALL/DBCC although this is definitly a different (more value oriented than the i-nuts). It'll be interesting.



To: steve host who wrote (70)2/6/1999 3:56:00 PM
From: .com  Read Replies (2) | Respond to of 489
 
Nice article in Barons today on UIHIA and UPC. They recommend UPC as a buy and hold and they do discuss UIHIA's ownership.



To: steve host who wrote (70)2/6/1999 6:11:00 PM
From: Mad2  Respond to of 489
 
UPC set for further acquisitions
Copyright 1999 Phillips Business Information, Inc.
CABLE EUROPE

February 3, 1999

SECTION: Vol. 4, No. 3

LENGTH: 436 words

HEADLINE:
UPC SET FOR FURTHER ACQUISITIONS

BODY:

United Pan-Europe Communicat-ions filed the preliminary
prospectus for its IPO last week and simultaneously revealed that
Microsoft is to invest an additional $300 million in the company. The
IPO, including the stake set aside for Microsoft, is expected to raise
between 960 million and 1,080 million euros ($1.11 - $1.25 billion),
representing about 32.5 per cent of UPC's ordinary share capital. The
final offer price is expected to be announced on or about February 10.
Two weeks ago UPC agreed to buy out its partner in the Dutch
United Telekabel Holdings (UTH) operation, energy company Nuon, for
Gld550 million (Cable Europe vol.4 issue2).
"We'll spend some cash on [the Telekabel purchase]," UPC CEO
Mark Schneider told Cable Europe. Further acquisitions may also be in
the offing, not least because Nuon is merging with other Dutch
regional energy companies - ENW, EWR and Gamog. These companies are
expected to sell their own cable interests, including Gamog's 120,000-
subscriber network and ENW's 26.4 per cent stake in Multikabel. "We
would very much like to own more," said Schneider. "We've disclosed a
degree of interest to Nuon and Nuon knows it. They have other partners
in the merger. They've got to work with them, but I think there's an
understanding that we'd like to buy and if it's their decision, then
they'll want to sell. We certainly are interested in buying more in
Holland." UPC's list of acquisition targets also include MediaOne's 50
per cent stake in A2000.
As with NTL in the UK, Microsoft and UPC are establishing a
joint technology committee to further their co-operation. "They'll be
involved in our set top box integration as well as our Chello
development," said Schneider, referring to UPC's broadband Internet
over cable brand. "We have a two way preferred customer-supplier
status with each other. We have services that they can use - we'll be
a preferred supplier for their telephone data business. We'll work
together to enhance some of their products and make them work in the
broadband environment. They have existing products, some of which we
use already. They're going to take those products and enhance them.
With the set top box integration, with computer television functions,
the electronic programme guide, navigation tools, there's a lot of
software tools they can bring forward."
Schneider said there would be no formal management
representation for Microsoft. but that they would "be on the technical
committee and work things through with our technical people."

LANGUAGE: ENGLISH

LOAD-DATE: February 3, 1999