IATV - ACTV Interactive Television Message Board

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Microcap & Penny Stocks : IATV - ACTV Interactive Television

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To: art slott who wrote (3516)	12/4/1998 10:01:00 AM
From: Ron Harvey	Read Replies (2) of 4748

I'll grant that every little bit counts and, as the story gradually unfolds , all the bits will add up to something significant and a smartly higher stock price for ACTV. The following is a news item a nonmember E-mailer requested that I post for board comment. Paul Allen invests in interactive TV company ANAHEIM, Calif. (Reuters) - Wink Communications Inc. Thursday said that Vulcan Ventures, a firm owned by Microsoft co-founder Paul Allen, will invest $10 million in the California-based interactive television communications firm. As part of the deal, Wink technology will be used in Vulcan-owned cable systems, including Charter Communications and Marcus Cable. Further terms of the deals were not disclosed. ''Wink is very pleased with Paul Allen's investment in the company,'' Wink Chief Executive Officer Maggie Wilderotter said. ''This is a material endorsement of the Wink technology from a foremost leader in new media,'' she said. Wink provides interactive television communications services. The company recently decided to withdraw its initial public offering. It had planned to go public in a deal worth up to $75 million and expected to trade on Nasdaq under the symbol. Vulcan Ventures Inc., based in Bellevue, Wash., was founded by billionaire Allen in 1986 and is his main investment vehicle.

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