Acrodyne (ACRO) is one of two pure plays in the TV Message Board

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Technology Stocks : Acrodyne (ACRO) is one of two pure plays in the TV

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To: Gerald Thomas who wrote (880)	1/5/1998 11:43:00 AM
From: Scott Ankney	Read Replies (1) of 1319

Here is a small piece on Sony, bit of a sidebar. CHICAGO (Reuters) - NextLevel Systems and Sony said today they plan to form a strategic alliance, subject to definitive agreements, to jointly develop digital TV technologies. When definitive agreements are reached Sony will purchase 7. 5 million new shares of NextLevel common stock or about five percent of the current outstanding shares at $25.00 per share. Today's Wall Street Journal quoted a Sony Electronics spokesman based in Park Ridge, N.J., as saying, "We are forming this alliance to develop digital TV technologies." Sony beat competition from Thomson Consumer Electronics, a Thomson unit, in the deal, which is subject to a definitive agreement. The new set-top boxes, which probably would not hit the market for two years or so, would have far more memory and computer power than current models.

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