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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/04/1999
Entire Document
 
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                                  THE OFFERING
 
RISKS OF EXTREME VOLATILITY OF MARKET PRICE OF CLASS A COMMON STOCK.
 
     The initial public offering price that we determine, with the assistance of
the underwriters, may have no relation to the price at which the Class A common
stock trades after completion of the offering. We and the underwriters will
consider many factors in determining the initial public offering price of the
shares of Class A common stock, including:
 
     - our historical performance;
 
     - estimates of our business potential and our earnings prospects;
 
     - an assessment of our management; and
 
     - the consideration of the above factors in relation to market valuation of
       companies in related businesses.
 
     The market price of the Class A common stock may be extremely volatile for
many reasons, including:
 
     - actual or anticipated variations in our revenues and operating results;
 
     - a public market for the Class A common stock may not develop;
 
     - announcements of the development of improved or competitive technologies;
 
     - the use of new products or promotions by us or our competitors;
 
     - the offer and sale by us in the future of additional shares of Class A
       common stock or other equity securities;
 
     - changes in financial forecasts by securities analysts;
 
     - new conditions or trends in the cable industry; and
 
     - market conditions.
 
A SALE OF CONVERTIBLE DEBT, CONVERTIBLE PREFERRED STOCK OR OTHER EQUITY
SECURITIES BY US OR THE PERCEPTION THAT ANY SUCH SALE COULD OCCUR COULD
ADVERSELY AFFECT THE MARKET PRICE OF THE CLASS A COMMON STOCK BECAUSE THESE
SALES COULD CAUSE THE AMOUNT OF OUR STOCK AVAILABLE FOR SALE IN THE MARKET TO
EXCEED THE AMOUNT OF DEMAND FOR OUR CLASS A COMMON STOCK.
 
     Charter Communications, Inc. and Charter Communications Holding Company
each have the right to sell convertible debt, convertible preferred stock or
other equity securities even though they have agreed not to sell shares of Class
A common stock for 180 days following this offering. Any such sale, for example,
a sale by us to fund a portion of the Bresnan acquisition purchase price, could
cause the market price for our Class A common stock to decline if we sold more
equity-related securities than demand existed in the market for the Class A
common stock.
 
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