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Technology Stocks : Gemstar Intl (GMST)

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To: NY Stew who wrote (239)8/19/1999 7:32:00 AM
From: Teflon  Read Replies (1) of 6516
 
Stew, per the following article (I think you posted this on YHOO), am I correct in assuming that GMST's is involved in this somehow? And if so, could you briefly describe in what capacity.

Thanks in advance. Still learning!!!

Teflon

RCA to sell WebTV receivers

Compiled by CBS MarketWatch

INDIANAPOLIS (CBS.MW) -- RCA will begin selling WebTV receivers this fall, but executives said they will delay until next year the rollout of a TV with built-in WebTV capabilities. With a built-in, all-in-one product, RCA hoped to leapfrog Philips Electronics NV (PHG: news, msgs)of the Netherlands and Japan's Sony Corp. (SNE: news, msgs), the leading makers of WebTV receivers, in the business of connecting televisions to the Internet. Instead, RCA, a unit of Thomson Multimedia SA of France, will offer a stand-alone WebTV Plus receiver for $249. RCA executives said they decided to wait until after Microsoft (MSFT: news, msgs), owner of the WebTV technology, finishes an overhaul of WebTV's technical structure so that it can be based on Microsoft's Windows CE operating system. A spokeswoman for Microsoft said the change, expected to be completed late this year, will permit the newer, WebTV Plus devices to be upgraded to a future version of Windows CE with interactive TV-oriented features. Today, Windows CE is primarily used to perform the basic functions in pocket-size computers.
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