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Technology Stocks : Motorola (MOT)

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From: JakeStraw9/7/2007 8:55:45 AM
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Motorola Celebrates Shipping Two Million IP Set-Top Boxes
biz.yahoo.com
Friday September 7, 3:00 am ET

- Motorola doubles one million IP set-top box milestone in under six months
- Landmark reached as Motorola supports expansion of TeliaSonera IPTV services

AMSTERDAM, Netherlands, Sept. 7 /PRNewswire-FirstCall/ -- IBC 2007 -- Motorola, Inc. (NYSE: MOT) today announced that it has shipped its two millionth Internet Protocol (IP) set-top box. The milestone was reached just five months after the shipment of its one millionth IP set-top box.

"The television market is fundamentally changing as consumers demand more choice, more control and more interactivity in the way they access TV," said Doug Means, corporate vice president, Motorola Home & Network Mobility. "Motorola has a 50-year heritage in the video business and we're committed to leading the market, helping it grow and ensuring that our customers are armed with the best technology to serve the most demanding of viewers."

The landmark demonstrates the rapid expansion of the IPTV market. The two millionth set-top -- a VIP1510 -- was shipped as part of the provision of 150,000 units to TeliaSonera, Sweden's largest telecommunications company. As the major supplier of digital set top boxes for TeliaSonera digital-TV service, Motorola provides the customer premises equipment (CPE) and application platform to deliver IPTV, on-demand services and Internet-on-TV. After announcing 100,000 subscribers in May 2007, this delivery marks the swift growth of the TeliaSonera service to more than 150,000 subscribers.
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