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Technology Stocks : General Instrument Corp.'98 (GIC) -- Ignore unavailable to you. Want to Upgrade?

To: John F Beule who wrote (334)	6/25/1998 11:44:00 AM
From: louis mason	Read Replies (1) \| Respond to of 615

General Instrument's HDTV System Selected by TVN For Movies and Special Events SAN DIEGO, June 24 /PRNewswire/ -- General Instrument Corporation (NYSE: GIC - news) announced today that TVN Entertainment Corporation has agreed to purchase GI's HDTV encoding system for the distribution of TVN movies and special events in HDTV format. TVN will initiate its HDTV service in early 1999 on one of its C-band satellite transponders. ''TVN has been an innovative satellite television programmer, especially in the area of Near-Video-On-Demand PPV movies,'' stated Tom Lynch, Senior Vice President and General Manager of GI's Satellite Data Network Systems group. ''With their 35-channel DigiCipher(R) II digital PPV service, which is now operational for cable operators and the C-band 4DTV market, TVN is well positioned for the future. We are pleased they are adding our HDTV technology to their mix of services.'' ''The beauty of GI's HDTV solution is that it fits seamlessly within our existing DigiCipher II uplink infrastructure,'' said Stu Levin, Chairman and CEO of TVN. ''GI invented digital HDTV and now that the HDTV market is commencing, we want to be at the forefront, using GI's leading edge technology. In addition, GI's HDTV solution will pass through the digital cable headends now being deployed in the industry. Finally, using GI's HDTV technology enables TVN to access the growing 4DTV digital C-band market. These subscribers are videophiles and early adopters, perfectly suited for HDTV.'' There are more than 3,000 digital channels operating with GI SDTV encoders, and GI has shipped over 3.5 million SDTV digital decoders, both satellite and cable. TVN Entertainment Corporation is a leading supplier of PPV movie and event programming and related transactional services. Its new digital cable service, TVN Digital Cable Television, is a complete turnkey service enabling cable operators to offer 35 digital channels of NVOD movies, plus PPV sports, concerts and special events; 40 digital music channels; and an interactive on-screen program guide, along with a full suite of complementary PPV transactional services. TVN also provides cable operators with access to digital set-top and headend equipment financing; technical and marketing support; customer service and billing; studio licensing and fee administration; and access control. General Instrument Corporation (NYSE: GIC - news) is the world leader in analog and digital systems that provide video, audio and high-speed Internet/data services over cable and satellite TV networks. This past December, GI announced that major cable operators expect to purchase at least 15 million of GI's advanced digital set-top terminals over the next 3-5 years at an estimated value of $4.5 billion. In January 1998, GI and Sony announced that they plan to form a strategic alliance to jointly develop technologies for digital cable TV devices and high definition television products. GI's cable and satellite TV operations have approximately 7,000 employees and annual sales of approximately $1.8 billion. l mason