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Volume 24 No. 112
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TCI, HOPING FOR A STOCK BOOST, SPLITS INTO FOUR COMPANIES

     Cable-giant TCI said it will proceed with a "sweeping plan
to split the company into four separate businesses, each with its
own class of stock."  Wall Street "reacted favorably" to the news
with TCI's class A stock rising $.75 to $24.125 a share.  TCI is
creating a holding company to house four separate divisions:
domestic cable operations, domestic programming, technology
ventures, and international cable and programming.  By splitting
the company, TCI is betting that Wall Street "will assign a
greater value to the parts than the whole."  TCI execs promised
to give a "clearer picture" at an investor meeting December 6
(Robichaux & Shapiro, WALL STREET JOURNAL, 11/18).