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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (34082)	6/30/1998 3:09:00 AM
From: JPM	Read Replies (1) \| Respond to of 50808

Well Rarebird, don't worry, some of us still think you are scum, regardless of your current position.

To: Stoctrash who wrote (34082)	6/30/1998 12:35:00 PM
From: DiViT	Respond to of 50808

GENERAL INSTRUMENT SIGNS DEFINITIVE AGREEMENT TO ACQUIRE HITS Authorization Service From TCI GI to Operate and Market Service Along With Digital Transmission, Headend and Set-top Terminal Products HORSHAM, Pa., June 30 /PRNewswire/ -- General Instrument Corporation (NYSE: GIC) announced today that it has signed a definitive agreement with a subsidiary of Tele-Communications, Inc. (TCI), to acquire the assets and licensing rights to operate the set-top authorization business that controls the receipt of cable programming services delivered to subscribers by TCI's Headend In The Sky(R) (HITS). The deal, which was previously announced this past December, calls for GI to acquire the assets and rights in exchange for General Instrument common stock. As consideration for the acquisition, GI will transfer to TCI, 21,356,000 newly issued shares of GI common stock, which amounts to approximately 10 percent of the fully diluted equity securities of GI on an as issued basis assuming the exercise or conversion of all outstanding options and warrants. Closing of the acquisition is subject to certain closing conditions, including governmental review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The authorization service business provides the key function of authorizing and de-authorizing set-top terminals throughout the United States to receive premium and pay-per-view programming signals from HITS. As such, it provides another important link to the secure deployment of digital cable services. The licensing of software rights from TCI will also enable GI to develop similar authorization service businesses outside of the U.S. "This is a technology and business that we are very familiar with and which fits naturally within GI's core expertise," said Edward D. Breen, Chairman and CEO of GI. "We have been providing a similar service to the satellite industry for many years. The HITS authorization service is an excellent complement to the digital transmission, headend and set-top terminal products we have been deploying to cable systems throughout North America since 1996. We look forward to being able to fully market to cable operators across the country the secure transmission of an array of digital cable services." "It has been a long-term goal of TCI to make the HITS authorization center services available on a cable industry basis," said David Beddow, Senior Vice President of TCI Technology Ventures, Inc. "GI's technical and business expertise makes them the perfect fit for operating and growing this crucial service." On December 17, 1997, GI announced that it expects to supply major cable operators across North America with 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. To date, GI has deployed more than 1 million interactive digital cable set-top terminals, along with more than 500 headends. General Instrument Corporation (NYSE: GIC) 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. GI's cable and satellite TV operations have approximately 7,000 employees and annual sales of approximately $1.8 billion. Visit the General Instrument Web Site at www.gi.com Headend In The Sky(R) is a registered trademark of Tele-Communications, Inc. All other trademarks and company names are the properties of their respective owners. SOURCE General Instrument Corporation -0- 06/30/98 /CONTACT: Media, Dick Badler, VP, Corporate Communications, 215-323-1618, or dbadler@gi.com, or Sharon Corbitt, Media Relations Manager, 215-323-1873, or scorbitt@gi.com; or Investors, Dario Santana, VP, Investor Relations, 215-323-1213, or dsantana@gi.com, all of General Instrument/ /Web site: gi.com (GIC) CO: General Instrument Corporation; Tele-Communications, Inc. ST: Pennsylvania IN: CPR TLS ENT SU: TNM

To: Stoctrash who wrote (34082)	6/30/1998 3:43:00 PM
From: DiViT	Respond to of 50808

Fred here's a piece of data re:cinax... xingtech.com XING AND CINAX COLLABORATION BRINGS VCR FUNCTIONALITY TO PC Breakthrough Technology Offers Video Capture, Editing and Playback on the Desktop SAN LUIS OBISPO, CA, June 18, 1998 - Xing Technology Corporation and Cinax Designs Inc. today announced that the Cinax iFilmEdit 1.5 digital video product will incorporate Xing real-time software MPEG technology. This collaboration brings video capture, editing and playback capabilities to the PC desktop, allowing users to cut and paste content, including MPEG audio recordings, on their PC-with content available for immediate playback. Xing's MPEG software encoding technology, the fastest available today, features superior quality full-screen, full-motion video. iFilmEdit 1.5, Cinax's digital video editing product, incorporates Xing's encoding technology to bring the VCR experience to the PC desktop, with real-time high-quality MPEG video capture using a single Intel 266 Mhz PII. "We are extremely excited to partner with Xing. It allows us to bring the consumer the highest-quality MPEG solution," said Eric Camirand, President, Cinax Designs Inc. "The inital interest in our new capture solution confirms that this is an integrated solution that both the PC and peripheral manufacturers will use to provide end-users with simple, easy-to-use video capture, editing and internet publishing." Files created using iFilmEdit 1.5 are up to 10 times smaller than those produced by conventional video capture solutions, without any loss in speed or quality-a critical performance breakthrough. In addition, the modular design of iFilmEdit 1.5 makes it easily integrated into existing video capture products working under Windows. "This is a breakthrough product that allows consumers to benefit from Xing's state of the art MPEG encoding technology," said Hassan Miah, President and CEO of Xing. "Cinax's solution presents broadcast quality video in a very unique consumer-focused offering. This new product blurs the line between a multimedia PC and consumer electronics. It's a fantastic value for the multimedia PC user." continued...