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Technology Stocks : C-Cube
CUBE 36.62-0.1%Nov 14 9:30 AM EST

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To: BillyG who wrote (45684)10/2/1999 11:23:00 AM
From: John Rieman   of 50808
 
AT&T didn't order those 2M GI settops..................

multichannel.com

October 01, 1999:

AT&T Sits Tight on Modem Order
Denver -- AT&T Broadband & Internet Services officials said Friday that there were no immediate plans to announce significant new orders for cable modems and digital set-top boxes.

The MSO was responding to unconfirmed media reports that it was ready to announce orders of up to 2 million digital set-tops and 1 million cable modems from the soon-to-merge General Instrument Corp. and Motorola Inc.

Those reports raised eyebrows among some observers, who questioned why AT&T Broadband would boost its commitments for such consumer gear at a time when the cable industry generally wants to migrate to a retail-dominated environment for the equipment.

The MSO said further orders were probable, although such purchases would be spread out over years and would likely be aimed at fostering new distribution channels such as retail.

"There aren't necessarily any needs in that particular area," AT&T Broadband spokeswoman LaRae Marsik said. "As we look to expand our distribution channels to retail, there will be opportunities for additional equipment orders. It's just a matter of when, where and how much."

- 10/01/99
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