To: Stoctrash who wrote (26381 ) 12/9/1997 8:15:00 PM From: DiViT Read Replies (1) | Respond to of 50808
Microware Shares Soar Amid Rollout Of Digital TV Technology 12/09/97 Dow Jones Online News (Copyright (c) 1997, Dow Jones & Company, Inc.) NEW YORK -(Dow Jones)- Investors snapped up shares of Microware Systems Corp. Tuesday, sending the stock price surging on news that BellSouth Corp.'s recent launch of a digital television service in New Orleans included Microware technology in its set-top boxes. BellSouth began the service on Nov. 19 as part of its Americast joint venture, a group made up of BellSouth (BLS), Ameritech Corp. (AIT), GTE Corp. (GTE), Southern New England Telecommunications Corp. (SNG) and Walt Disney Co. (DIS). The service uses digital wireless technology to deliver digital television service through telephone lines. But what prompted investors to buy Microware's stock was news that the set-top boxes included Microware's David software. These same type of boxes will be deployed again when Americast launches its system in Atlanta and southeast Florida in 1998. David technology is a digital audio/ video interactive decoder that serves as the operating system in the boxes. "We believe Microware could become a significant player in the digital and high-definition TV market," said analyst Ted Kunzog of LaSalle St. Securities. "The company has the potential to become a key supplier." The BellSouth launch marks the first commercial rollout of Microware's technology. "The market is becoming aware that the dream of the technology has become a reality," Kunzog said. The Des Moines, Iowa-based company's shares (MWAR) closed trading at $5.75, up $1.375, or 31%. Volume totaled 273,500 shares, compared with average daily turnover of 48,100. Copyright (c) 1997 Dow Jones & Company, Inc. All Rights Reserved.