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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61855)	3/10/2002 11:30:13 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

NTL Adds Samsung as Supplier of Cable Television Set-Top Boxes By James Mosher quote.bloomberg.com New York, March 10 (Bloomberg) -- NTL Inc., an operator of European cable-television systems that is struggling with $17.5 billion in debt, reached an agreement to add Samsung Corp. as a supplier of set-top boxes. The U.K.'s Business newspaper valued the contract with Seoul- based Samsung at about 30 million pounds ($42.7 million). NTL didn't give a precise figure. Pace Micro Technology Plc of the U.K. had been NTL's sole supplier of the boxes. ``Having two suppliers rather than one is great for our business,'' NTL Chief Operating Officer Stephen Carter said in a faxed press release. The new boxes will offer more interactive services such as text messages to TV screens. New York-based NTL is expected to report a 2001 pretax loss of $4 billion on Thursday, the Business reported.