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


To: BillyG who wrote (48773)3/8/2000 11:25:00 AM
From: Stoctrash  Read Replies (1) | Respond to of 50808
 
OpenTV issues 2.252 mln shrs to Echostar
AMSTERDAM, March 7 (Reuters) - U.S. digital software maker OpenTV (NasdaqNM:OPTV - news) said on Tuesday it would issue 2.252 million class A ordinary shares to Echostar Communications(NasdaqNM:DISH - news) as of February 22.

OpenTV, which on February 23 announced a teaming up with Echostar to develop a low-cost digital set top box for the U. S. mass market, said it would issue the shares on March 7.

In exchange, Echostar will provide OpenTV with a share of revenues from hard-drive applications developed by OpenTV for the venture.

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hummm....