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To: Satellite Mike who wrote (5065)	2/14/1999 5:12:00 PM
From: RTev	Respond to of 41369

IBM and Sears still own 7.2% each (PRGY). OK. Thanks. That clarifies it. (And it shows wisdom for them to have retained a bit to make even more money on the sale.) I looked in Edgar to see if they retained some insignificant portion and couldn't find the filings for PRGY since it's just out the IPO. But the point still remains: IBM and Sears sold control over the new company. They don't hold board seats. Prodigy's corporate parent, to the extent it has one, is now TeleMex (which does have a board seat) and not IBM/Sears.