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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV

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To: Craig Jacobs who wrote (6404)	9/4/1999 9:44:00 AM
From: Craig Jacobs	Read Replies (2) of 13157

Blonder Tounge continued.. I dont think I would want to be in the business of produceing products to replace the dinosour anlg boxes, unless they were gic or sfa digital boxes... CORRECTED - Blonder Tongueinks $16 mln letter of intent In OLD BRIDGE item "Blonder Tongue (AMEX: BDR) gets $16 mln contract, please read headline as "Blonder Tongue (AMEX: BDR) inks $16 mln letter of intent". Also read first paragraph as "...it received a $16 million letter of intent... instead of "... it had gotten a $16 million contract" (corrects in both cases to show agreement was a letter of intent, not a finalized contract). A corrected repetition follows. OLD BRIDGE, N.J., Sept. 1 (Reuters) - Blonder Tongue Laboratories Inc., a manufacturer of cable TV electronics and systems equipment, said Wednesday it had gotten a $16 million letter of intent to supply a device that eliminates the need for a set-top cable box. The company said in a statement that it had received a letter of intent from a "national multiple system operator" to supply home control interdiction devices for about 100,000 cable subscribers in a major metropolitan area. The buyer and area were not identified. Home control interdiction devices are located away from subscribers' homes and do away with the need for analogue set-top boxes. The letter of intent anticipates delivery of field trial units in September, with all units ordered to be delivered over a six-month period ending March 31, 2000. The company's shares fell 1-3/8 to 7-3/8 in mid-morning trade on the American Stock Exchange.

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