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To: hotlinktuna who wrote (102260)	6/14/2000 12:01:00 PM
From: vagabond	Read Replies (1) \| Respond to of 120523

OT: Re securities fraud, note that in a few minutes (around noon EDT) CNBC will be carrying news conference by FBI & other agencies on huge bust of securities-fraud operations in New York. May be on CNN and/or FOX too, not sure. FBI says it's the largest bust of its kind EVER... Vagabond

To: hotlinktuna who wrote (102260)	6/14/2000 12:06:00 PM
From: Ron	Read Replies (2) \| Respond to of 120523

SEAC and Time Warner sign VOD agreement. This is big. SEAC will move: VOD is Video on Demand..HUGE market coming: MAYNARD, Mass.--(BUSINESS WIRE)--June 14, 2000-- Time Warner Cable and SeaChange International, Inc. (NASDAQ: SEAC) have reached an agreement for the delivery and implementation of SeaChange's Interactive Television System, which will support Time Warner's ongoing rollout of video-on-demand services to its cable subscribers. This agreement paves the way for the much-anticipated market rollout of advanced interactive television services, including the capability for viewers to select movies on demand through their digital set-top boxes with complete VCR functionality. SeaChange began working with Time Warner on VOD in 1997 and this agreement marks the formal relationship to provide product to the cable giant. "SeaChange was the first vendor to work with Time Warner on VOD and has demonstrated its leadership in issues surrounding this technology," said Mike LaJoie, vice president corporate development, Time Warner Cable. "We've had a long, productive relationship with SeaChange and look forward to working with them to provide VOD services to our subscribers. VOD is a natural extension of our investments in our digital cable infrastructure and we expect it will become a compelling service for our customers." Time Warner was SeaChange's first customer. The purchase agreement reflects Time Warner's confidence and thorough knowledge of SeaChange's technology, service operation and commitment to advanced television operations. The SeaChange ITV System takes advantage of the company's unparalleled strengths in digital video networking, management and delivery of video streams with the most complete platform in the industry. The integrated Command Center software provides the system's automated functionality ensuring easy operation for cable operators. Its patented MediaCluster technology provides the basis for its highly reliable, scalable storage and delivery of thousands of video streams serving entire populations of cable viewers. Densely packaged to use minimal space in cable headends, the ITV System is a standards-based platform designed to integrate with other interactive services and a wide array of digital set-top boxes.