I don't see how or why this is "bad news" for PHCM.
Business Summary
OpenTV Corp is one of the leading worldwide providers of software that enables digital interactive television. Its software
is running on over 4.5 million set-top boxes worldwide, with 22 network operators in 17 countries having selected its
OpenTV Runtime software as their interactive platform. Its digital interactive solution enhances a television viewer's
experience without changing viewing habits and provides a rich audio and video television environment for enhanced
applications such as e-commerce. Using a standard remote control, viewers can: access real-time statistics, buy team
merchandise and purchase tickets while watching a sporting event; purchase compact discs and learn more about
recording artists while watching music videos; purchase vacations, clothing, groceries and other merchandise through
dedicated interactive channels; and transfer funds, view account balances, borrow money and engage in other banking
transactions.
Financial Summary
OpenTV Corp. designs, develops, markets and supports software and related components to enables digital interactive
television worldwide. For the nine months ended 9/30/99, revenues totalled $17.6 million, up from $6.1 million. Net loss fell
20% to $8.5 million. Revenues reflect the launch of OpenTV interactive services by two network operators. Lower loss was
partially offset by an increase in the number of personnel developing enhanced functionality for OpenTV Runtime.
Recent Earnings Announcement
For the 3 months ended 12/31/1999, revenues were 8,394; after tax earnings were -81,878. (Preliminary; reported in thousands of
dollars.) |
