Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: MW who wrote (2143)	2/16/1999 1:51:00 PM
From: Pluvia	Read Replies (1) \| Respond to of 3015

Two Big Problems With SRCM News... 1. SRCM seems to be selling the assets that are ALREADY pledged to the bond holders - oops!!! 2. By selling to United Video, SRCM just put a value on their assets... Gee don't tell Anthony Stoss - he thinks those assets are worth billions... Wrong - they're worth less than their debt and this sale just admitted it... MW - do ya think that's why the stock is down on what you thought was great news???? SRCM is a joke IMO. Their program guide is worthless, they can't sign a deal with a cable MSO to save their life and the debt is about to crush 'em... They bought themselves a little more time - that's about it. Their EPG won't get better and the debt won't go away. And that's a fact jack. All Comments IMO Cheers Steve