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Technology Stocks : COM21 (CMTO) -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (443)	5/26/1999 10:37:00 AM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 2347

Charter to buy Falcon cable TV for $3.6 billion LOS ANGELES, May 26 (Reuters) - Charter Communications, one of Microsoft Corp. (Nasdaq:MSFT - news) co-founder Paul Allen's ''Wired World'' companies, said Wednesday it agreed to acquire Falcon Communications LP for $3.6 billion in cash and stock, bumping Charter into the No. 4 slot among U.S. cable operators. ''This acquisition will allow Charter to reach its stated goal of serving more than 5 million customers, an achievement of critical mass,'' said Jerald Kent, president and chief executive officer of St. Louis-based Charter, in a statement.