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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: horsegirl48 who wrote (6591)	3/5/2002 12:28:51 PM
From: Venkie	Read Replies (1) \| Respond to of 13815

you are a babe by all means. Genesis Micro shares up on VM Labs acquisition LOS ANGELES, March 5 (Reuters) - Shares in display technology company Genesis Microchip Inc. (NasdaqNM:GNSS - news) rose on Tuesday after the company won a bankruptcy auction for the assets of graphics company VM Labs, which analysts said would give Genesis new leverage in the digital video market. ADVERTISEMENT Shares in Genesis were up 11.7 percent at $28.25 in late morning trade on the Nasdaq. Last Thursday, the shares plummeted 37 percent after the company issued guidance that showed no boost to earnings from its purchase of Sage Inc. On Tuesday, Genesis said it had won an auction for the assets of privately held VM Labs, including its patents and intellectual property, for $13.6 million in cash. The purchase is expected to close within the next 30 days. VM's ``NUON'' processor is used in DVD players to provide interactive features, like movable camera angles and picture zoom. The NUON chip was also intended to power video games on standard DVD players, though that market found little success. ``Some of the features, such as zoom and interactivity within DVD, are intriguing and could potentially be leveraged by Genesis' video processing and scaling technology,'' Pacific Growth Equities analyst Brian Alger said in a client note on Tuesday. Brokerage G Cowmen agreed, noting on Tuesday that Genesis, with its own technology, assets acquired from Sage and VM Labs' video decoding properties, now has all of the parts necessary for digital television products. Email this story - Most-emailed articles - Most-viewed articles --------------------------------------------------------------------------------