Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: jerryrom who wrote (42067)	6/14/1999 7:44:00 AM
From: John Rieman	Respond to of 50808

Comcast is shopping for interactive boxes......................... newsalert.com June 14, 1999 07:18 Liberate and Comcast Enter License Agreement for Interactive Television Technology First-Ever North American Cable Implementation to Begin in First Half of 2000 CHICAGO, June 14 /PRNewswire/ -- At the National Cable Television Association Convention ("Cable '99") in Chicago this morning, Liberate Technologies announced that it has signed an agreement to license its client and server technology to Comcast Cable Communications, Inc. for the delivery of interactive television services to Comcast cable customers. Comcast said it intends to begin initial implementation of interactive digital service through advanced set-top boxes in the first half of 2000. The size and scope of the Comcast Agreement were not disclosed. Comcast is one of the three largest cable system operators in North America, with systems currently serving over six million U.S. cable households. Comcast is an industry leader in the construction of hybrid fiber-coaxial systems and the deployment of new digital services. "We're pleased to be working with Liberate as an open-standards software platform for our initial implementation," said Brad Dusto, Senior Vice President Engineering Operations, Comcast Cable Communications, Inc. "We strongly believe in open standards technology, which will best permit us to serve the evolving needs of our customers." Comcast is the first North American cable MSO to license Liberate TV Navigator(TM) for DTV client software and Liberate Connect(TM) DTV Suite server software. The licensing deal with Comcast follows Liberate's previously announced $50 million private round of financing that included five leading cable companies: Comcast, Cox Communications, MediaOne Ventures, Rogers Communications and Shaw Communications. Mitchell Kertzman, Liberate's CEO, said of the agreement: "We're pleased that Comcast has made a substantial commitment to Liberate, both through equity ownership and through this licensing agreement. As we move into a leadership position in information appliance software, it is clear that Liberate's devotion to Internet standards is paying off." About Comcast: Comcast Corporation (www.comcast.com) is principally involved in the development, management and operation of broadband cable networks and the provision of programming content through principal ownership of QVC, Comcast-Spectacor and Comcast SportsNet, a controlling interest in E! Entertainment Television and through other programming investments. About Liberate Liberate Technologies, a privately held company founded in 1996, builds the software infrastructure for Internet-enhanced television and information appliances. In addition to cable investors, Liberate's investors include: America Online, Oracle, Sony, NEC, Sega, Acer Corporation, General Instrument, Nintendo, Sun Microsystems, Lucent Technologies and Wind River Systems. For more information, visit the Website at www.liberate.com. SOURCE Liberate Technologies /CONTACT: Stephanie Willerton of Blanc & Otus, 415-512-0500, or swillerton@blancandotus.com, for Liberate Technologies/ /Web site: comcast.com /Web site: liberate.com