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Non-Tech : SATH - Shop At Home -- Ignore unavailable to you. Want to Upgrade?

To: Jay Fisk who wrote (687)	2/9/1999 1:07:00 AM
From: john Kurisko	Respond to of 1329

I tell you one thing, and correct me if i am wrong, Takeover rumors will start now, cause SATH will have to complete, i was going to go short tomorrow i will be holding back and keeping my longs alittle longer i think Advent

To: Jay Fisk who wrote (687)	2/9/1999 1:49:00 AM
From: TheLineMan	Read Replies (2) \| Respond to of 1329

It looks like USAI (a $5.5 Billion dollar company with $2.5 billion in sales), and also the majority holder of Ticketmaster will be handing over control of this stuff to Lycos (a $5.5 billion dollar company). Lycos has to buy up the 8.5% of Ticketmaster that USAI doesn't own. USAI then gets 65% of Lycos. Sounds like two multi-billion dollar internet companies pooling their interests in e-commerce. USAI gets the controlling interest. As SATH don't have any Internet business to pool with anybody and has only has no internet business, $120 million in sales (about 7% of USAIs), it really puts things in perspective. The two things I see: 1) SATH is way overvalued 2) LYCOS believes it is overvalued. Not good for YHOO and the other internuts in the long run. Bear in mind the news release is confusing, and I can't be bothered crunching numbers. I guess I have to see how much USAI's assets that they are giving to Lycos are worth.