To: BillyG who wrote (25232 ) 11/13/1997 6:18:00 PM From: John Rieman Respond to of 50808
I think SA is talking about Pegasus..................................yahoo.com Thursday November 13 3:11 PM EST Scientific-Atlantic Touts Cable TV ATLANTA (Reuters) - Microsoft chief executive Bill Gates' interest in the cable television industry is an indication of the business's bright potential, Scientific-Atlanta CEO James McDonald said. "I talked to Bill Gates three or four weeks ago and he said he is personally committed to spending a significant amount of time in this area," McDonald said at the annual meeting of Scientific-Atlanta, a major equipment supplier to the cable industry. McDonald discussed what he said was a 30-minute telephone conversation with Gates to counter a shareholder's contention that the cable industry is in financial distress. He also said that, while there are financially weak cable companies, there are others that are financially strong. In an interview after the meeting, McDonald said that Gates was interested in learning about Scientific-Atlanta's new set- top cable box that will include a high-speed modem. McDonald said that the product, which will be shipped in 30- 60 days, will allow cable users to access and surf the Internet at vastly greater speeds than people using telephones. In June, Microsoft invested $1 billion for an 11.5 percent stake in No. 4 cable company Comcast, and Gates has said he is interested in working with other cable companies to speed the availability of high-speed connections to the home. Microsoft also signaled its strong interest in television this year by paying $425 million for WebTV Networks, which provides Internet access over television sets.