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To: kvogel who wrote (3418)4/6/1997 8:43:00 PM
From: Uncle Mikey   of 3743
 
Microsoft purchases WebTV. Any ideas on how WebTV would effect tranditonal networkers? I would assume that any increase in net users, whether via cable systems or phone systems, will mean an increase in networks.

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.

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