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Technology Stocks : UCOMA UnitedGlobalCom -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (330)	3/4/1999 11:49:00 AM
From: Rajiv	Read Replies (1) \| Respond to of 489

UIHIA owns around 77 million shares of UPCOY. At the end of the last quarter, UIHIA has around 2.1 billion in liabilities and debt. This includes UPCOY's debt. Around 700 million of this debt will be paid off using the proceeds of the IPO. We will get an accurate picture of the debt when both UIHIA and UPCOY file their next 10-Q UIHIA has other assets. However, the best assets belong to UPCOY. With UPCOY at 31.125 and UIHIA at 35.625, the market is valuing UIHIA at UIHIA = UPCOY @ 50% discount + 4.5 Regards. Rajiv