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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (5722)	4/7/1999 6:45:00 AM
From: SteelerStu	Read Replies (1) \| Respond to of 52051

GTCI UPDATE Date: Wed, 7 Apr 1999 00:04:55 -0700 From: "Wall Street Research Group" <info@wallstreetresearch.net> To: StockAlertSubscribers@wallstreetresearch.net Attention: Stock Alert Subscribers Today, GTCI closed at $3 3/4 (more than doubling last week's price) on heavy volume of 1,376,900. All of the major principals are in Manila this week for the big Asian Banking Conference. Today GTCI announced that a prominent and influential man, Mr. Charles Shiu, currently Vice-Chairman of Power Pacific Corporation, Ltd, has been retained as a special advisor to ensure that the performance of GTCI's GPS technology in China will be of the highest caliber. Please read about him in today's news release at: biz.yahoo.com We continue to be impressed with the inroads this Company is making in Asia and we feel that this stock will be selling considerably higher in the next 3 to 5 years. The management team is focused, dedicated and well connected! We first recommended the stock about three months ago at the 50 cent area and the shares are now trading around $4.00 (or eight times higher). This Company, in our opinion, has a real solid and very profitable long-term future! We can well envision these shares trading at $40 or $50 (OR HIGHER) some three or four years out, based on reasonable growth expectations. Please see our research report at: wallstreetresearch.net Or visit our home page at: wallstreetresearch.net and follow the links to GTCI. We wish you the best with all of your investments.

To: Stock Watcher who wrote (5722)	4/7/1999 7:39:00 AM
From: mike.com	Read Replies (1) \| Respond to of 52051

SW - news relating to IATV - Liberty Media Plans to Combine Internet Assets Into TCI Music By LESLIE CAULEY Staff Reporter of THE WALL STREET JOURNAL Liberty Media Corp. plans to transfer its interactive and Internet assets into TCI Music Inc., a publicly traded company it controls, in a move aimed at creating a currency that can be used for Internet and media deals. In tune with the current Internet frenzy among investors, Wall Street heartily embraced the proposed deal, pushing up TCI Music's stock from about $8 to more than $30 in heavy trading on the Nasdaq Stock Market, before closing at $29.5625. The combined operations will adopt the name Liberty Digital, the existing name of Liberty Media's interactive unit. Liberty Digital will trade under TCI Music's existing stock symbol, TUNE, on the Nasdaq. Cable programming veteran Lee Masters, whose resume includes the E! Entertainment cable network, will move from his post as head of Liberty Digital to become chief executive officer of the reconfigured company. Mr. Masters said the assets of the combined company would have a value of around $1 billion -- $650 million of that from the interactive and Internet assets that Liberty Digital would contribute. Liberty is the media investment arm of John Malone, the former chairman of cable giant Tele-Communications Inc., which was acquired last year by AT&T Corp. The proposed plan would shift some of Liberty Media's most attractive assets outside the corporate empire of AT&T, which technically owns Liberty Media as part of its purchase of TCI. Liberty Media executives insisted that wresting free of AT&T's grasp wasn't a goal, but acknowledged that would be one effect of the new structure. Liberty Media trades as a tracking stock of AT&T, and operates with almost complete autonomy from AT&T. Over time, Mr. Masters said Liberty Digital hopes "to be to new media and the Internet what Liberty was for cable programming," a nod to Liberty Media's pivotal role in helping nurture along, at various times, such media hits as Discovery and At Home Corp., the high-speed data service. He said Liberty Digital, armed with its new trading currency, intends to go trolling for new opportunities in the Internet and interactive sectors. "Publicly traded currency is a wonderful currency to do transactions with," Mr. Masters noted. TCI Music, New York, to date has garnered little attention within the Liberty Media empire. The company's principal assets include DMX, a satellite-delivered digital-music service; the Box, an interactive music-video service; and SonicNet (www.sonicnet.com1), an Internet network of music Web sites. Those assets have a combined value of about $400 million, Liberty estimates. 2News Corp. to Buy Rest of Fox/Liberty Networks Under the proposed plan, Liberty Digital would fold its growing stable of Internet and interactive assets into TCI Music. Those assets include equity investments in such ventures as priceline.com, iVillage, Sportsline USA and Drugstore.com. Liberty Digital also would contribute its rights to provide interactive-video services to TCI's cable systems. Those rights, which were part of the AT&T-TCI merger agreement, essentially guarantee the holder a chunk of channel space on TCI's upgraded cable-TV lines, and hence a guaranteed customer base of more than 12 million for new digital services. Mr. Masters day called those rights "beachfront property," and said Liberty Digital is well on its way to coming up with a development plan. He said the company is working on, among other things, plans for a 24-hour digital-TV channel that features "very simple, one-click interactivity." In exchange for contributing its Internet and interactive assets to TCI Music, Liberty Media would get 128.7 million newly issued shares of TCI Music's Series B common stock. Liberty Media said the transaction would push up its interest in TCI Music to 94% from 86% of the shares outstanding of TCI Music's Series A common stock and Series B common stock. TCI Music also would assume about $50 million in debt related to its new assets, and Liberty would lend TCI Music as much as $50 million "pursuant to a convertible note on terms to be mutually agreed." Liberty Media said debt currently owed by TCI Music to Liberty also would become convertible debt, on the same terms.

To: Stock Watcher who wrote (5722)	4/7/1999 8:31:00 AM
From: mike.com	Respond to of 52051

Another IATV related article: TCI Music Shares Skyrocket On Plan With Liberty Media By LISA BRANSTEN THE WALL STREET JOURNAL INTERACTIVE EDITION SAN FRANCISCO -- If John Malone's goal in restructuring the relationship between TCI Music and its majority stakeholder Liberty Media Group was to unlock shareholder value, then his plan appears to be working. Shares of TCI Music more than tripled Tuesday on news that Liberty Media plan to turn over its Internet and interactive television assets to TCI Music in return for a bigger ownership stake in the company. The proposal by TCI Music calls for the Malone-led Liberty Media to turn over assets such as its stakes in Internet companies such as iVillage, Priceline.com, Sportsline.com and Drugstore.com in return for 128.8 million shares of TCI Music. The additional shares will boost Liberty Media Group's stake in TCI Music to 94% from 86%. TCI Music will change its name to Liberty Digital and will be headed by Lee Masters, a media executive credited with building the E! Entertainment Television cable channel. "This company is going to be Liberty Media's and John Malone's primary vehicle for investing in new media, the Internet and related technologies," Mr. Masters said. The plan is to both take small investments in Internet companies and also to acquire and operate some companies, Mr. Masters said. Liberty Media is the programming unit of Tele-Communications Inc., which was recently acquired by AT&T. The company shares trade as a tracking stock to AT&T. TCI Music already runs companies such as SonicNet, a network of music Web sites, and the Box Worldwide, an interactive music television network. But shares of TCI Music have foundered as the Box never took off with television users and its other holdings have failed to develop the kind of traffic seen on the most successful Web sites. Before Tuesday, the 52-week high for the shares was the 9 15/16 they hit last May -- and since then have traded as low as 2 11/32. Under the deal, Liberty Media will get the shares of TCI Music for about $600 million -- or $4.66 a share. The price was based on the average value of the shares in the 30 days before the proposal was made. The value of the stakes in publicly held companies that Liberty Media will turn over to the new company comes to about $300 million. Liberty Media will also contribute some of the space that Liberty was granted on the TCI cable lines when it did the deal with AT&T and with that Liberty Digital will develop 12 interactive cable channels, Mr. Masters said. TCI Music shareholders are expected to vote on the proposed transaction later this month. Keith Benjamin, an analyst at BancBoston Robertson Stephens, said the move is part of a trend of old-line companies hoping to capture the new-line valuations now being afforded Internet companies. "Everyone wants to monetize their Internet value," he said. Last week, for example, Ziff-Davis created an Internet tracking stock, ZDNet, out of its Internet holdings and investment bank Donaldson Lufkin & Jenrette has filed to do the same. Jessica Reif Cohen, an analyst at Merrill Lynch, said there was no way to determine if TCI Music shares deserved the jump they got. She added that Mr. Malone "is a terrific investor and cable is going to be the gatekeeper of the delivery system" so it makes sense for him to be focusing on Internet media and commerce. ______________________________________________ This keeps getting better and better.

To: Stock Watcher who wrote (5722)	4/7/1999 9:15:00 AM
From: RCJIII	Respond to of 52051

ONHN looks to be moving up again in pre market, ATEL will fly today on yesterday's after the bell news of an asset sale. The company now will have about $6 million in much needed cash. It should make jittery investors much more confident. RCJIII