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.
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.