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

To: Rajiv who wrote (333)	4/15/1999 9:18:00 PM
From: peter michaelson	Read Replies (1) \| Respond to of 489

Rajiv: Do you think I have this right? UPCOY Value Austar Value Total Shares of UPC 123,000,000 Shares held by UIHIA 77,000,000 Current price $49.00 Total Value 6,027,000,000 1,200,000,000 UIHIA share of UPCOY 63% 70% Value held by UIHIA 3,773,000,000 840,000,000 Total UPCOY & AUSTAR Value to UIHIA 4,613,000,000 Value per UIHIA share $114.18 Discount 40% Value per UIHIA share $68.51 Remaining Value % UIHIA Value in UPCOY & AUSTAR 80% Value of remaining holdings $17.13 Total value of UIHIA $85.64