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Technology Stocks : Source Media SRCM

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To: Smilodon who wrote (99)5/8/1998 12:42:00 PM
From: RJC  Read Replies (2) of 3015
 
Source Media press releases paint a very different picture than the featured "negative" article by Leslie Ellis in the May 4, 1998 edition of Multichannel News, which ran at the NCTA cable conference in Atlanta this week.:

"A handful of enhanced-TV suppliers specific to cable TV may be in long-term trouble, given the momentum around the OpenCable digital set-top project.

Companies like WorldGate Communications Inc., Wink Communications Inc., Interactive Channel, ICTV Inc..

'To me, all of those services are an interim step -- they're stopgaps,' said Steve Craddock, vice president of new media for Comcast Corp..

Plus, said Craddock and several other MSO executives who preferred not to be quoted, many of the techniques developed by today's enhanced-broadcast providers are duplicative with the types of IP (Internet-protocol) services that will run on the advanced-digital set-top platform known as OpenCable.

'I just don't see how they can survive, long-term,' another senior MSO executive said about the enhanced-TV players.."

Also, Preview the program guide service for the General Instrument digital box said the Interactive Channel doesn't work with them -- it requires too much memory. Therefore, short-term Source Media doesn't work on GI's digital box. It appears Source's press releases are not telling the full truth.

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