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To: Mark Kubisz who wrote (180)5/12/1999 6:05:00 PM
From: t2Read Replies (1) of 189
 
Mark, I bought this stock in a big way on Monday and Tuesday between 27 and 28.50. There appear to be several reasons for this move.
Last week I heard Mario Gabbelli on CNN MONEYLINE saying that Rogers was a good takeover target. I started buying in a big way on Monday along with other Canadian Cable companies.
Yesterday, I had heard that Gabelli was going to be the guest host on CNBC Squak Box---so I bought more.
This morning he was on talking about Rogers on CNBC. The Microsoft investment in a UK cable co was discussed along with the Cox deal that was announced this morning. Gabelli stated that Rogers was next.
The only thing i regret was not going more heavily into Rogers yesterday (today I just bought other cable companies).

I have also read somewhere that Rogers' cable lines are excellent for data transmission. The only problem is that the voting shares are probably held by the family (not sure though). To me that means we could see an investment from Microsoft for example rather than a takeover from a US cable company. I would bet on an equity investment (probably from Microsoft).
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