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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: KevinThompson who wrote (13170)	10/6/1999 11:40:00 AM
From: KevinThompson	Read Replies (1) \| Respond to of 57584

HEAR again! Nice move today. KT

To: KevinThompson who wrote (13170)	10/6/1999 11:53:00 AM
From: KevinThompson	Read Replies (1) \| Respond to of 57584

GIC News: General Instrument Announces Arbitration Decision In Breach of Contract Dispute PR Newswire - October 06, 1999 11:07 HORSHAM, Pa., Oct. 6 /PRNewswire/ -- General Instrument Corporation(NYSE: GIC) today announced that an American Arbitration Association panel released an interim decision in the breach of contract dispute between General Instrument and StarSight Telecast, Inc., a unit of Gemstar International Group, Ltd. (Nasdaq: GMST). Ruling with respect to General Instrument's analog set-top products only, the arbitrators found that GI had breached a 1992 license agreement and misappropriated certain StarSight trade secrets relating to electronic program guides. The arbitrators rejected StarSight's interpretation of its patents and also found that GI did not commercialize products that incorporate those patents. The panel further denied StarSight's request for an injunction. The arbitrators found that StarSight is entitled to compensatory and punitive damages. The amount of such damages will be finally determined by the arbitrators after further submissions are made by the parties later this month. General Instrument estimates that compensatory damages will be in the range of $25 to $36 million. An additional 50% of such amount will be added as punitive damages, plus attorneys fees and costs. General Instrument has not determined whether it will oppose confirmation of the damage award. In the event an award is ultimately confirmed by a court, GI would be able to satisfy the judgment without any material impact on its financial condition or future operations. A separate phase of the arbitration relating to the use of electronic program guides on digital cable set-top terminals and satellite receivers is not anticipated to be scheduled until at least the second quarter of 2000. Unlike its analog set-top products, GI does not sell a GI electronic program guide with its digital set-top products. General Instrument denies StarSight's allegations in the second phase and will continue to vigorously contest this action. ... SOURCE General Instrument Corporation /CONTACT: Media, Sharon Corbitt, Director, Communications, 215-323-1873, or scorbitt@gi.com, or Investors, Dario Santana. Vice President, Investor Relations, 215-323-1213, dsantana@gi.com, both of General Instrument/ /Web site: gi.com / (GIC) (GMST)