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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: Jill Collins who wrote (2047)	4/15/1999 3:41:00 AM
From: StaggerLee	Read Replies (3) \| Respond to of 13157

>>If these options are fully exercised, Liberty's investment in ACTV, Inc., will total more than $100 million [all acquired during the past 6 months], representing an estimated 25 percent interest in the company. << Unfortunately the market value isn't $400 million. It's $550 million. I'm not going to go into this, since it leads to party disruption here and nobody cares since we're in an uptrend. But this is another $38 million giveaway, if you ask me (ie, $150 million * 25%). What has TCI done to deserve this? $38 million is about $1.25 of foregone cash per share, for what it's worth. Nice job once again, guys. Option update: The $125K would be worth $5.1 million today. Still just peanuts in comparison to what management is giving away to TCI.