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IAC/InterActiveCorp Message Board

  • grnwch_jpm grnwch_jpm Apr 26, 1999 3:08 PM Flag

    USAI's interest in WorldGate

    I have heard an interesting discussion about USAI
    having more than a passing interest in WGAT, the
    recently IPO'd cable based internet service provider. The
    company has strategic and financial relationships with
    both set-top box manufactures and is in field trials
    with cable MSO's representing over 33mm POP's. Most
    importantly their patented Hyper link capabilities are ideal
    for USAI's current online offerings. I am curios as
    to this Board's thoughts on the topic. WGAT's page
    is www.wgate.com.

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    • I'm a long term investor in both USAi & TMCS.

      What info do you have on this relationship?

      • 1 Reply to KSCajunCowboy
      • Unfortunately I have little information at this
        point but I have been familiarizing myslef with WGAT.
        One of the main risk factors in Worldgate's business
        plan is signing up cable MSO's to carry their internet
        service. It is plausible that WGAT could leverage Diller's
        relationship with MSO's to help land service contracts. From a
        pure WGAT perspective I feel the company's prospects
        are solid since at $4-12 a mo. the MSO investors in
        @Home and Roadrunner may want to provide the WGAT
        service for subscribers without a P.computer, thus not
        excluding WGAT ability to enter into service contracts with
        the cable MSO's supporting @Home and RRunner (TCI,
        TW, Comcast). I will be checking various news sources
        for further clarification on this rumor and keep the
        board posted. Market Cap of WGAT is at $500MM and will
        likely move on confirmation of any rumor.

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