OPTV - bidding up sharply on news 3.82 bid now
Message 19667785
To:scottonstocks who wrote (6789)
From: scottonstocks Thursday, Jan 8, 2004 10:31 AM
View Replies (1) | Respond to of 6842
OPTV - 3.06 ask is a strong buy again - I'm in here
edit
sold ICGE @ 43
double edit
Should have watched ICGE first - looks to be strong - .43 ask - possibly still more to be had
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Press Release Source: OpenTV
OpenTV Announces Definitive Agreement to Provide Full Suite of Interactive Services to Foxtel, Australia's Leading Subscription Television Service
Thursday January 22, 8:41 am ET
FOXTEL announces final stages of operational testing for FOXTEL Digital cable and satellite, incorporating OpenTV middleware and interactive applications. Launch expected in the first half of 2004.
SAN FRANCISCO--(BUSINESS WIRE)--Jan. 22, 2004-- OpenTV (Nasdaq:OPTV - News), one of the world's leading interactive television companies, today announced that it had signed a definitive agreement to provide FOXTEL with key middleware technology and interactive applications that will be integrated into the FOXTEL Digital product offering. OpenTV has licensed its products and software to FOXTEL under the arrangement, and also expects to provide related support services through the life of the agreement. FOXTEL is Australia's leading subscription television service, and is a joint venture of Telstra Corporation, the largest telecommunications company in Australia, News Corporation, and Publishing and Broadcasting Limited, a media and communications company.
FOXTEL has made a significant investment (estimated to be A$600 million) in upgrading their digital technology to enable the delivery of new channels, programming, digital picture and sound, as well as interactive and enhanced services. FOXTEL will use OpenTV's technologies and applications to provide subscribers with access to several interactive services, such as:
Sky News Active, an interactive service allowing viewers to control and choose the news they want to view from eight live video and five live text screens.
Sports Active, an interactive sports application, which enables viewers to select multiple camera angles and match replays together with game statistics, player profiles and even different audio feeds on selected sports broadcasts.
FOXTEL Gamesworld, a portal offering subscribers access to two games channels with ten different games with both easy to play titles and games that test the mind.
"Every FOXTEL Digital subscriber will have access to new, unique interactive functionalities that have been designed with the viewer in mind, giving them choice, convenience, and control over their television viewing experience," said Patrick Delany, FOXTEL Director of Digital. "OpenTV is a key supplier that will enable FOXTEL to show Australia what interactivity is all about. The talk is over, it's here."
"We look forward to working closely with FOXTEL over the coming years as we help develop the FOXTEL Digital service into a showcase for the future of interactive television," said James Ackerman, CEO, OpenTV. "The launch of FOXTEL Digital will revolutionize how Australians watch and experience television. Viewers will now be able to choose the news they want to watch and when they want to watch it, or select a certain camera angle from which to watch their favorite sport. OpenTV is very excited to contribute to this ambitious project to significantly enhance how viewers watch and interact with television."
Cautionary Language Regarding Forward-Looking Information
The foregoing information contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in political, economic, business, competitive, market and regulatory factors. In particular, factors that could cause our actual results to differ include risks related to: market acceptance of interactive television services and applications such as ours; delays in the development or introduction of new applications and versions of our service; technical difficulties with networks or operating systems; our ability to manage our resources effectively; changes in technologies that affect the television industry; and the protection of our proprietary information. These and other risks are more fully described in our periodic reports and registration statements filed with the Securities and Exchange Commission and can be obtained online at the Commission's web site at sec.gov. Readers should consider the information contained in this release together with other publicly available information about our company for a more informed overview of our company. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About OpenTV
One of the world's leading interactive television companies, OpenTV provides a comprehensive suite of technology, content, games, tools, applications, and professional services that enables cable and satellite network operators, programmers and advertisers to provide interactive television services in over 70 countries. OpenTV has its Corporate Offices in San Francisco, California and regional offices in the United States, Europe and Asia/Pacific. For more information, please visit www.opentv.com.
OpenTV and the OpenTV logo are trademarks or registered trademarks of OpenTV, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.
All OpenTV products and services may not be available in all geographic areas.
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Contact:
OpenTV
Rich Hornstein, 415-962-5484
investorrelations@opentv.com |
