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: Sir Auric Goldfinger who wrote (2166)	2/19/1999 4:45:00 PM
From: MW	Read Replies (1) \| Respond to of 3015

What I am admitting auric is that I would rather be partners with United Video and therefore TCI, ATT, News Corp. than try to go it alone. SRCM is a very big piece to their puzzle. In one single deal SRCM rid themselves of every obstacle in front of them. They now command content and distribution like never before. Only a fool wouldn't see the possibilities of this JV. Worried about dilution?? NO. Worse case dilution is 60% ownership of SRCM, which now has 100 million in the bank and zero debt, and profitable and growing. Also a 27% stake in the JV that CEO of UV estimated should be in the 6 to 8 billion$ range. Value srcm"s piece at 27% of6 billion = 1.6 billion alone The remaining IT Network value at 500 million at least based on the 200 million conversion for 40%. So add another 300 million. That looks like a 1.9 billion valuation to me Todays closing valuation... approx 200 million$ I'll take my chances mw