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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (2342)	4/20/1999 6:15:00 PM
From: MW	Read Replies (1) \| Respond to of 3015

hey kev; Keep your handy dandy TI calculator out for a while, won't you so we can tell the rest of the story. 1. Why don't you mention that while TV Guide is exercizing those warrents to own 40% of srcm that 200 million $ goes to source. Pays off the bondholders and put 100 million in the bank. Changes things a little, huh? 2. Why didn't you mention that the development costs of the IC and VM[you know what those are?] are now shifted to the Joint Venture leaving a profitable and growing IT Network. Or the fact that TV Guide will now be supplying a HUGE amount of advertising space to the IT Network sales people or why the IT network has been hiring salespeople like wild the last few months? 3. Why don't you explain why TV Guide would want to buy 40% of such a garbage co to begin with? 4.Why didn't you talk about the JOINT VENTURE? Or SRCM's EPG?? What value does your trusty calculator put on the JV??? TV Guide's talking BILLIONS. SRCM will own at least 45% of the JV. How does that compare with the less than 300 million$ mkt cap of SRCM currently?? Next time you feel the need to educate someone try getting a little education first yourself. Pal, you don't have a clue.