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To: Stoctrash who wrote (34156)7/6/1998 5:22:00 PM
From: John Rieman  Respond to of 50808
 
Opencable debating "Firewire"...................................

multichannel.com

Where this ultimately leads is to a place where there are truly digital cable-ready TV sets, VCRs and DVD [digital-versatile-disc] players, which the cable operator simply outfits with an addressable module with security and encryption," Chiddix said. "The TV or VCR is able to access broadband assets, which cable has -- it's good for both industries."

But it won't happen without more hard labor, involved executives said.

"Over the course of the next year-and-a-half, there are really tough issues to be resolved between our industry and the consumer-electronics industry in order to get a set-top into the marketplace that is beneficial to consumers," said David Beddow, senior vice president of Tele-Communications Inc.'s TCI Technology Ventures.

At the top of the "tough-issues" list is developing the POD module and interface receptacle.

Because cable operators must stop deploying set-tops with embedded security in 2005, MSOs must work fairly quickly to devise the PODs, so that premium signals can be secured via removable POD cards by that deadline.

Beyond that, Beddow said, other snarly issues include how to address the HDTV and fire-wire situation, as well as how to define business issues so that advanced services can work within the boundaries of the set-top boxes that TCI and other MSOs have on order.

"That means issues of processing power, graphics types and capabilities and memory configurations," he explained.

Beddow added that TCI is currently favoring Sony's fire-wire approach while the OpenCable fire-wire specification gets sorted out.



To: Stoctrash who wrote (34156)7/6/1998 5:29:00 PM
From: BillyG  Read Replies (2) | Respond to of 50808
 
Warner will distribute Disney DVDs in overseas markets. This is a major move for Disney..........
newsalert.com

Disney, Warner band together on DVD

BURBANK, Calif., July 6 (Reuters) - The home video units of
Walt Disney Co. and Time Warner Inc., the two largest
entertainment companies in the world, on Monday said they
banded together in an overseas distribution pact for new
digital videodiscs.
Digital videodisc technology puts full-length movies on
compact discs the same size as audio CD's. Many industry
experts believe DVD could replace videotape for movies because
of its superior picture and sound quality.
Under the deal, Warner Home Video will distribute DVD
movies from Buena Vista Home Video, the Disney unit, in 30
territories spread across Europe, the Middle East, Africa and
in former Soviet Union countries.
The agreement covers over 100 titles and runs through the
year 2000.
Financial details were undisclosed.
Each of the movies will be released simultaneously in DVD
and on videotape in the VHS format.
"Disney's expansion in the global DVD marketplace is a
major step in the international development and growth of the
format," said Warren Lieberfarb, president, Warner Home Video.

Warner has long been one of DVD's most active proponents
while Disney was slower to adopt the new media.
"We are very enthusiastic about the DVD format and our
signing of this deal marks our commitment to ensuring that it
becomes a thriving business," said Stuart Warrener, president
of Buena Vista Home Video Europe, the Middle East and Africa.
DVD was launched as a product just last year to initially
positive sales results in the United States from early adopters
of the technology. The next challenge for DVD advocates is
stepping up the pace of sales overseas and penetrating movie
rental markets, where VHS is the dominant format.



To: Stoctrash who wrote (34156)7/6/1998 5:55:00 PM
From: John Rieman  Respond to of 50808
 
After the close, Zoran issues warning............................

newsalert.com

Zoran Corporation Announces Preliminary Second Quarter Results
PR Newswire - July 06, 1998 17:26
Jump to first matched term

SANTA CLARA, Calif., July 6 /PRNewswire/ -- Zoran Corporation (Nasdaq: ZRAN), a leading provider of integrated circuits (ICs) and software for digital video and audio compression applications, today announced that operating results for the second quarter ended June 30, 1998 will be lower than analysts' published expectations. Based on preliminary results, revenues for the quarter are expected to be between $6.7 million and $7.1 million. The Company expects to record a net loss between $(0.8) million and $(1.2) million or $(0.09) and $(0.12) per diluted share for the second quarter. The Company expects to report final operating results for the second quarter on Thursday, July 23, 1998.

Commenting on the announcement, President and Chief Executive Officer Dr. Levy Gerzberg said, "We believe three primary factors contributed to our disappointing financial results: the uncertainties and delay surrounding the launch of Windows98, the continued slower-than-anticipated ramp up in the DVD industry, and industry-wide inventory surpluses, which are being worked through now.

"The uncertainties regarding the release of Windows98 has affected most segments of the PC industry. It appears that some of our larger customers over-estimated their hardware needs in the first quarter as shipments of our JPEG devices, used primarily in video editing and imaging systems, declined significantly in the second quarter. Additionally, shipments of our MPEG devices, used primarily in DVD products, also fell from the first quarter levels, indicating continued softness in the DVD market and reflecting the lingering economic crisis in Asia.

"Despite these disappointments, there were signs of positive activity during the quarter," continued Dr. Gerzberg. "Shipments of our audio chips continue to increase, and although revenue from software licensing and development remained relatively flat on a sequential basis, we are seeing an increased interest in our software products since the release of Windows98 and our recent announcement with Intel."



To: Stoctrash who wrote (34156)7/7/1998 12:10:00 AM
From: Pullin-GS  Read Replies (1) | Respond to of 50808
 
>Why is ZRAN still in the crapper?
Because that is where it belongs. ;-)

Some TA from last week (June 24) for ZRAN:

Let me start by saying that the price is up from just a few weeks ago...way up.
This one fact looked at in and by itself could suggest to buy long...the
trend is your friend...right? Not always. IMO (and I stress opinion here) we are
currently in an overbought condition. Given that ZRAN has not taken out new highs,
and new bullish news has only caused the stock to thrash, my
old friends the chart oscillators can be used to point out possible trend reversals. We
have not had any divergences that would suggest to buy on the long side. ZRAN has
had several short-term reversals on the up side in the past since it's decline from the 18s
back in March, and each time ZRAN has made lower lows after it peaked in a matter
of 1 to 2 weeks. I see no reason why this latest news-induced pop would be different.
Judging from today's action it would appear I got my reversal on the downside at about
the right point, and barring any fundamental changes (news) the trend should continue.
However many a short has been burned using these basic techniques (I could be next!)
and must keep on their toes and use stops. Anyway all I need in order to hold my short
is several key bearish chart indicators and patterns to maintain my hold. I found many:

First off, one of the less popular indicators of the masses (but most important of the
technicians who trade stock) is Volume. The 21-Day-Volume-EMA was trading at
about 110K or so BEFORE ZRAN's last run. On the first day of it's public news
release (Monday), Volume shot up to just under 1MM shares traded. On Tuesday
interest declined after the initial wave of morning buyers got in and shorts exited and
volume closed at right about 800K shares. Momentum had been lost. The shorts
pounced all over it at this time. Today volume declined by almost 70% and price slipped
some as well. Very few upticks presented traders for new short positions today. The
MMs made sure of that (they want the shares? could be.). Price follows volume, and
expect 12 to be taken out shortly. Bearish.

ZRAN came real close to the Bollinger Bands upper envelope resistance (13 1/2) on
Tuesday, only to fall quickly back to neutral ground within the envelope. All momentum
faded here. Today ZRAN closed lower still. BB support is pegged at 11 7/16. There is
only about 1MM shares of overhead that will keep ZRAN above 11 7/16, so support
is not very strong in the event of a continued decline. Bearish.

The MACD Histogram is at it's highest point in over a year, and still climbing as of
today. MACD suggest continued momentum is still holding ZRAN up, and is sufficient
enough to continue the up trend. Very Bullish.

ZRAN is still trading above it's 21day and 50day moving averages....alot of chartists
play by these indicators, and may have already sold....but will jump back in the moment
one of these is touched. No read....just thought I'd mention it.

RSI went down today...had been as high as 57. Kinda bearish (no 30/70 crossover.)

The Bostian's Accumulation/Distribution Oscillator had a price divergence on
Monday....this is very bullish (it indicates a possible trend reversal)...but the reversal
was never verified due to today's poor trading activity. Monday-Bullish. Today-Bearish.

There are some other charts that I did not mention.....just covered the ones that stuck
out.