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Technology Stocks : General Semiconductor / GENERAL INSTRUMENT

SEM 15.22

-0.3%

Jan 9 9:30 AM EST

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To: louis mason who wrote (54)	6/9/1997 12:47:00 PM
From: louis mason	of 99

Interesting news with regards to the production of GI's DigiCipher. 'SINGAPORE, June 9 /PRNewswire/ -- General Instrument Corporation (NYSE:GIC), the world's leading supplier of high quality, end-to-end digital transmission systems, announced today that it has signed a letter of intent with Huaguang Satellite Cable TV which calls for the joint venture co- production of GI's DigiCipher(R) II/MPEG-2 digital consumer satellite receivers in China for use in the wide-ranging "villages network" project. Huaguang Satellite Cable TV, Ltd., has been granted exclusive rights by the Chinese governmental authorities to build the "villages network," which will bring educational and entertainment programming to as many as 800,000 villages in China. The 800,000 villages represent most of China's one billion plus population' reuters news service.....louis mason .

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