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Technology Stocks : Gemstar Intl (GMST)

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To: Boplicity who wrote (3196)6/29/2000 4:23:00 PM
From: unclewest  Read Replies (1) of 6516
 
i am sure this helped...seems time warner wants to settle.

multichannel.com

for June 28, 2000:

Truce for Time Warner, Gemstar
Washington -- Three months into its feud with Gemstar International Group Ltd. over carriage of electronic program guides, Time Warner Cable decided to call a truce.

But the MSO's actions fell short of totally satisfying Gemstar.

In March, Gemstar filed a complaint with the Federal Communications Commission over Time Warner's decision to strip out Gemstar's EPG, which it transmits to cable subscribers using a portion of a local TV station's signal called the vertical blanking interval.

In a June 15 letter, Time Warner told Gemstar that "in a gesture of goodwill," it would immediately stop stripping the EPG on all of its cable systems while the FCC evaluated Gemstar's complaint.

But Time Warner said it would not back down from its legal positions presented to the FCC. In fact, the MSO said, it would revoke its decision if Gemstar attempted to "frustrate or delay" the commission's review of Time Warner's claim that it had control over VBI data unrelated to the TV channel on which it is carried.

Time Warner said it hoped its decision to restore Gemstar's service would inspire the company to work out a business deal so that its subscribers can receive the EPG material, which includes programming information on all of the cable channels.

In a June 22 response, Gemstar said Time Warner's decision was "a salutary one," and it would be pleased to take up the offer to strike a deal.

- 6/28/00
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