Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MOVING NOW! -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (2012)	10/16/2000 2:16:56 PM
From: mike machi	Respond to of 8046

GMST Halted after a 5 point pop... Gemstar-TV Guide International Inc. and Motorola Inc. Announce Long-Term Licensing Agreement and Settlement of Arbitration and Litigation PASADENA, Calif. & TULSA, Okla., Oct 16, 2000 (BUSINESS WIRE) -- Gemstar-TV Guide International Inc. (Nasdaq:GMST) today announced that Motorola Inc. (NYSE:MOT) has entered into a long-term make-and-sell license agreement for Gemstar-TV Guide's IPG (Interactive Program Guide) technology and patents to interface with Gemstar-TV Guide's IPGs. The parties also agreed to immediately dismiss all currently pending arbitration and litigation. As part of the agreement, the parties will jointly pursue new business opportunities in areas involving interactive services utilizing each of their products, proprietary technologies and patents. Specific terms of the agreement are confidential but include payments to Gemstar-TV Guide International Inc. relating to the settled litigations as well as license fees going forward. "We are extremely pleased to add Motorola to our prestigious group of IPG licensees and truly look forward to working with them on the development of new and exciting interactive technologies and services that are now possible as the result of digital convergence and broadband capacity," said Peter C. Boylan III, co-president and chief operating officer of Gemstar-TV Guide International Inc., and chairman and chief executive officer of TV Guide Interactive Inc. "Motorola and TV Guide are each well recognized and powerful brands with consumers. With the resolution of our prior disputes with Gemstar-TV Guide International Inc., and having become a licensee of their patented technology, we look forward to working together pursuing the development of new interactive services that will benefit our customers and consumers," said Ed Breen, president, Motorola's Broadband Communications Sector. Gemstar-TV Guide International will host a conference call with Dr. Henry C. Yuen and Peter C. Boylan III, today at 3:30 p.m. CT, to discuss this announcement. The call-in number will be 773/756-4801, passcode Gemstar-TV Guide.