IDTI - an IC Play on Growth Markets Message Board

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Technology Stocks : IDTI - an IC Play on Growth Markets

IDTI 48.99

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Mar 29 5:00 PM EST

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To: Rob S. who wrote (2211)	4/6/1997 4:08:00 PM
From: Yeren Xu	of 11555

Will the following just released announcement from MSFT give any momentum to IDTI? ============================= 14:54 Microsoft to Acquire WebTV Networks; Cornerstone of Effort to Combine Best of Internet, Digital Television LAS VEGAS, April 6 /PRNewswire/ -- At the annual convention of the National Association of Broadcasters, Microsoft Corp. (Nasdaq-NNM: MSFT) today announced the signing of a definitive agreement to acquire WebTV Networks Inc. for approximately $425,000,000 in stock and cash. "This partnership with WebTV underscores our strategy of delivering to consumers the benefits of the Internet together with emerging forms of digital broadcasting," said Bill Gates, chairman and CEO of Microsoft. WebTV Networks offers a complete end-to-end system that provides consumers easy-to-use access to the Internet via television. The WebTV Network(TM) service is the first online service that brings high-quality and high-performance Internet access to televisions. WebTV Networks currently licenses its WebTV(TM) Reference Design for set-top boxes to two consumer electronics manufacturers -- Philips Consumer Electronics Co. and Sony Electronics Inc. Set-top boxes enable television viewers to interactively "surf" the Internet by using only a television remote control, without sacrificing the rich content or capabilities available to conventional Internet enthusiasts. ............... ===================== Your opinion will be appreciated.

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