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Technology Stocks : Scientific Atlanta -SFA- going up ??? -- Ignore unavailable to you. Want to Upgrade?


To: Allegoria who wrote (873)7/31/2000 5:36:40 AM
From: Allegoria  Respond to of 1045
 
Remember, your investment in SFA is YOUR money. Everybody needs to take a little of their valuable time and contribute...if you don't and this thing bites us...its your money...

Good luck to the longs,
Eric

More on SFA litigation
bizjournals.com

Gemstar's vice president of intellectual property, Jonathan Orlick, said that Gemstar CEO Yuen was "at his wit's end" and wanted Scientific-Atlanta to commit to the $20 million to prove it was serious about paying past royalties, according to Havey's statement. "Henry is serious," Orlick said. "He's a serious person." Havey agreed to a meeting with Yuen on Dec. 4 to continue negotiations.

But before they met, on Dec. 3, Scientific-Atlanta filed an antitrust suit in U.S. District Court in Atlanta against Gemstar, alleging that Gemstar was attempting to create a monopoly through the acquisition of patents, and has attempted to extend its monopoly to the market for advertising in the program guides.

"I think that with the DOJ's approval of the merger SFA's antitrust suit is moot."

Good luck,
Eric