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

To: genejockey who wrote (1159)	2/20/1999 6:33:00 PM
From: JC Reddy	Read Replies (3) \| Respond to of 1329

I have noticed you shorted SATH in the past and probably still hold a short position. Obviously you not only think there won't be a deal soon, but you hope so as well. I don't have a position in SATH and I don't particularly care if there is going to be a deal or not. But the PR does say SATH is pursuing a deal and hopes to have one soon. The CEO even said something about being open to any acquisition offers. The only reason I am interested is to decide if I should go long on SATH. Even without any deal, $13 seems fair for SATH with collectibles.com coming up next month (third quarter ends March 31st). With revenues of about $150 million a year already thru home shopping (high gross margins as well because of the nature of products they offer), any Internet ventures should make this company very visible in the Wall Street (also recently listed in Nasdaq National Market). Also look at what press thinks of Lycos/USA deal (just reading the first page of "Internet World" Feb 15th issue as I type). I haven't read a single bad piece about SATH. Even analysts said any deal with a portal would make sense. They hold three strong recommendations. Overall I believe SATH is going to take off soon... I am only trying to guess the bottom. And this might be it.