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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Pluvia who wrote (2693)	6/22/1999 4:28:00 PM
From: MW	Respond to of 3015

hey stevie; <<Read the news on MSFT's new suit of software, they GIVE AWAY a program guide for free... SO I guess TV Guide won't be scratching their head for long huh?>> Are you as sure of this as you were of the failure of the Insight rollout?? Another one of your great calls. It's right up there with the auditors quitting and the restatement of the financial statements. At least you keep coming back for more. ROFL!!! So, how would you explain this?? Why do YOU think the technology as it relates to program guides is specifically separated from the JV and liscensed to TV Guide directly?? << Newco would be capitalized initially with a $5 million capital contribution by Prevue in consideration for a 45% equity ownership in Newco. The Company would grant to Newco an exclusive, perpetual, royalty free, irrevocable, worldwide license, with the right to sublicense, to all of the Company's intellectual property that has application in its VirtualModem(TM) and Interactive Channel business, as well as any future lines of business of Newco, except that Newco's license would specifically exclude application in the field of on-screen television program guides. The Company would grant to Prevue an exclusive, perpetual, royalty free, irrevocable, worldwide license, with the right to sublicense, to all of the Company's intellectual property solely for use and application in such field of on-screen television program guides.>>