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TCI CONSIDERS SEPARATING A DIVISION TO IMPROVE STOCK VALUE

     Cable giant TCI "is considering taking one of its operating
divisions public when its board meets Wednesday," according to
this morning's USA TODAY.  TCI is reported to be considering a
spinoff of one of its three divisions that does not include TCI's
domestic cable franchises.  The possibilities include domestic
programming, such as TCI stakes in Turner Broadcasting, Home
Shopping Network, and The Sega Channel.  International operations
and technology ventures are also possible spinoffs.  TCI hopes
such a move would "force Wall Street investors to acknowledge the
company's stock is undervalued."  TCI stock closed yesterday at
23 1/8, up 3/8 (David Lieberman, USA TODAY, 11/15).
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