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Technology Stocks : OPTV - Open TV -- Ignore unavailable to you. Want to Upgrade?

To: wlcnyc who wrote (72)	9/18/2000 8:14:51 AM
From: John Carragher	Read Replies (1) \| Respond to of 143

Dow Jones Newswires -- September 18, 2000 Dow Jones Newswires Motorola: To Increase Investment In OpenTV Dow Jones Newswires AMSTERDAM -- Motorola Corp (MOT) said Monday that it will buy around 1.88 million shares of OpenTV (OPTV) from News America Corp. (NWS) for an undisclosed amount. At 1015 GMT, OpenTV was trading at EUR44.00 on the Amsterdam Stock Exchange, down EUR1.35, or 3%. In a joint statement, Motorola said that the buy will increase its holdings in OpenTV to approximately 5.4% of the company's ordinary shares. "In addition, OpenTV and Motorola are working on definitive agreements to expand their strategic relationship, including agreements for Motorola to offer digital set-top terminals with OpenTV (software)," Motorola said. News America originally purchased the shares before OpenTV's initial public offering. OpenTV has canceled plans for an underwritten secondary offering, in which the News America shares would be sold, the companies said. -By Toby Sterling, Dow Jones Newswires; +31-20-626-0770; toby.sterling@dowjones.com