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Technology Stocks : HIGH SPEED ACCESS {HSAC} -- Ignore unavailable to you. Want to Upgrade?

To: Goldbug Guru who wrote (12)	6/4/1999 10:36:00 PM
From: Goldbug Guru	Respond to of 963

From Briefing.com One of the most intriguing deals to hit the market this year. High Speed Access, even more so than most Internet offerings, is a story of potential. The key to this deal is billionaire Paul Allen. Not only does the Microsoft co-founder's hold a 54.2% stake in HSAC (through his Vulcan Ventures fund), but Mr. Allen and has team have signed on several tech heavyweights as allies. Concurrently, with the initial public offering,Microsoft (MSFT) and Cisco Systems (CSCO) will, respectively, purchase $10 mln and $7.5 mln of HSAC common stock. But the most important of the company's supporters (next to Mr. Allen, of course) is Charter Communications, one of the nation's ten largest cable system operators. Charter, which is also owned by Vulcan Ventures, has agreed to provide HSAC with exclusive access to at least 750,000 homes passed, and has an equity incentive to provide up to an additional 5 million homes passed.