The experience with New World Development proved a company could rebuff attempts by TCI to keep increasing its holding. What New World Development did was to place shares to friendly investors to strengthen its controlling stake.
Quotes about tci (8 Quotes)
Investors are becoming more skeptical about the impact created by TCI and other hedge funds. They realize the shares could rise quickly in anticipation that the hedge funds might increase their holdings, but they are also wary of the potential for sharp falls when these hedge funds exit the market.
In the case of the Link REIT, the government sold off the assets too cheaply, providing hedge funds like the TCI with an immediate upside.
We know that ATT is upgrading their TCI network to provide voice services, but we believe that upgrade will go beyond that, for total interactivity at very reliable rates, ... Video telephone calls, downloading music videos, television broadcasts, online newspapers -- all of this would be in digital mode. I think they certainly intend to be the one-stop shop and once they do that, it will force the other multiple system operators to follow suit.
The company is spending more up front than we thought to pay for the TCI purchase.
Our shareholders have voted overwhelmingly in support of the ATT and TCI merger and the benefits it will bring, ... The merger is the key to making ATT the 'any distance' company we need to be and our customers want us to be.
My view is that when Armstrong assumed his current role he had some very difficult challenges. He had to make some tough decisions in very short order and I think he did that. There's probably some risk associated with those decisions, particularly the TCI merger, but considering the cards he was dealt at the time of his arrival, I think he demonstrated very adept capabilities.
One is we believe broadband will win. Always-on, high-speed access to the Web is what people want, ... The second is that the platform of distribution that sits behind Home -- the partnership of ATT, TCI, Cox, Comcast and Cablevision -- was a very powerful footprint in which to grow.