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Technology Stocks : ZENITH ELECTRONICS

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From: Franco Battista5/11/1996 12:05:00 AM
   of 578
 
BIG NEWS WE WERE WAITING FOR! FCC APPROVES
"GRAND ALLIANCE" PLAN FOR DIGITAL TV.

(foloowing is a summary of the article I read)

The FCC decided to approve the Grand Alliance
proposal for HDTV. The Grand Alliance is made up
of AT+T, General Instruments, MIT, Phillips,
David Sarnoff Research Center, Thomson consumer
Electronics, and Zenith Electronics.

In approving the Grand Alliance proposal, the FCC
rejected a proposal from an alliance made up of
Apple, Compaq and Microsoft. A spokesman
from Apple answered questions for the losing team
and he was very upset.

In making this decision the FCC has favored the creation
of a standard for HDTV, thus avoiding consumers buying
products which might later become obsolete, such as the
Betamax video recorder.

For the full story check out the NEWS section of Silicon
Investor. You will find this article in the NEW YORK TIMES
SYNDICATE section.

This should be a big positive for Zenith. Here they are
with cable modems, internet ready televisions and winners
of the HDTV standard. That's alot for one company in
just one week!

Enjoy the weekend. Next week should be fun.
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