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To: hoffy who wrote (718)	3/26/1999 8:51:00 PM
From: steve harmon - analyst	Read Replies (1) \| Respond to of 4337

iatv - future oriented. if liberty media (tci) bought 10% for $5 million then i think a floor may be established there. at 4x that in six months since i believe actv (iatv) looks frothy. i like its partnerships with cable and broadcast but iatv to me represents too much of a concept play, the hope of tv and net convergence. i'm not sure net and tv converge but parts of them may end up on the other platforms--to get there i believe could prove very expensive. maybe tci comes in with some cash infusion at some juncture