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To: t2 who wrote (8499)	4/23/1999 1:29:00 PM
From: RTev	Respond to of 29970

Don't you just love the complications in this sort of thing? The only thing that seems certain is that any cable stock is a good buy today. A factor I mentioned over on the other thread (MSFT) is the ownership of the companies involved. Like Cox, Comcast is a closely owned company that is tightly controlled by one family. Here's what SmartMoney said of the deal Comcast had proposed for MediaOne: The Comcast transaction also would leave MediaOne shareholders with nonvoting stock. The Comcast-MediaOne combination would be controlled by the Roberts family, headed by cable pioneer Ralph Roberts, which would have a mere 1.7% of the total ownership of the combined company -- but control 82.3% of the voting shares. smartmoney.com As I said over on the MSFT thread, it doesn't sound like that family would be willing to give up enough to get Microsoft's billions. In contrast, AT&T offers voting (and dividend-yielding) stock. And then there's the issue of UMG's broadly-held ownership. It's a "cousin Bell" -- a spinoff from Baby Bell USWest -- so many of its stockholders are telecom folks. Even though USWest management doesn't get along well with AT&T, the stockholders might find T stock more familiar and more attractive than the non-voting Comcast stock.