IDTI - an IC Play on Growth Markets Message Board

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Technology Stocks : IDTI - an IC Play on Growth Markets

IDTI 48.99

0.0%

Mar 29 5:00 PM EST

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To: PuddleGlum who wrote (3273)	8/1/1997 11:26:00 PM
From: Sampat Saraf	of 11555

Steve: Following is a news clip on MSFT's acquisition of web-tv. Would this be bullish for IDTI? Any thoughts? Microsoft completes acquisition of WebTV Networks 08:09 p.m Aug 01, 1997 Eastern By Martin Wolk SEATTLE (Reuter) - Microsoft Corp. Friday completed the $425 million acquisition of WebTV Networks Inc. after the Justice Department said it had no objection to the deal. The acquisition is by far the biggest ever completed by the software giant, reflecting a huge bet by Microsoft Chairman Bill Gates that he can extend his dominance beyond computing into television as the two industries converge. In another effort to speed that convergence, Microsoft invested $1 billion -- its largest single investment -- for an 11.5 percent stake in cable operator Comcast Corp. in June. In a brief statement, the Justice Department said the WebTV deal would not violate federal antitrust laws because there are so many companies competing or planning to compete with WebTV, which provides Internet service through television set-top boxes.

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