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Technology Stocks : Associated Group / Teligent

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To: biffpincus who wrote (68)6/11/1999 10:50:00 AM
From: Tecinvestor  Read Replies (1) of 76
 
Biff:

See my Post No. 348 on the Yahoo AGRPA thread.

As I see it, from now until the Liberty Media acquisition is either aborted or concluded, AGRP will move consistent with LMG.A and T. TGNT and TruePosition will no longer be factors in the movement of AGRP.

If you believe Liberty Media's acquisition of AGRP will go through (and there is every likelihood that it will, given the Berkmans' lock on the vote), it seems to me that the prime consideration of whether to hold AGRP depends upon whether you want to end up holding LMG.A and T stock without having to pay the capital gains you have made on AGRP.

Personally, I am going to see what happens with LMG.A and T over the next few weeks before bailing out of AGRP. There is no longer any interest or excitement for me in AGRP (the prospects of a big move as a result of a TruePosition announcement, as well as an acquisition at a premium, are now dead) and the only thing we can look forward to is the upward movement of LMG.A and/or T.

I would add that both LMG.A and T appear to be attractive plays and, assuming a market rebound, I would not be surprised to see AGRP move up based upon the upward movement of LMG.A and T.
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