Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Diana who wrote (2614)	4/23/1999 3:38:00 PM
From: Bruce Cullen	Read Replies (1) \| Respond to of 13157

Cable TV stocks sizzle on AT&T deal Analyst sees buzz in whole sector after $62 billion offer No bidding war seen Ted Henderson, analyst at Janco Partners, told CBS.MarketWatch.com he doesn't think Comcast will get into a bidding war with AT&T. "I believe that if you read between the lines on this, (AT&T Chief) Michael Armstrong's staying at the table," Henderson said. "And I think that Comcast will look across the table and read that these guys are serious, that they're not going away. And what good does it do [them] to bid all this stuff up?" Henderson said that although AT&T has "a hell of a lot of work to do" to achieve its goal of maximizing cable subscription revenues and offering local phone service to around 50 million homes, the company will "obviously" be in a very good position. That makes the stock a solid long-term play, he said. But Henderson said valuation is an issue right now, when consolidation is driving just about every stock in the sector to all-time highs. "Do you probably get a chance to own this stock lower than this level as they exit this consolidation phase and enter this deployment phase? I think so," he said. Shares of Adelphia (ADLAC: news, msgs) gained 3 3/4 to 65; Cablevision (CVC: news, msgs) jumped 5 1/2 to 77 5/8. Time Warner (TWX: news, msgs), a media conglomerate which owns cable TV units, rose 1 5/16 to 73 11/16. See related story. A Time Warner spokesman declined to comment on the AT&T deal. Even ancillary cable TV businesses fed the rally. Liberty Media (LMG.A: news, msgs), the cable TV content specialist operated by cable TV mogul John Malone, added 3 5/8 to 69. Interactive digital TV specialist ACTV (IATV: news, msgs), which is 25 percent owned by Liberty, gained 2 3/4 or 22 percent to 15 5/16. "They're all going bonkers as they always do," said Cheen. "This is all about distribution." --- Bold added by me. ~B~