Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: MW who wrote (523)	7/21/1998 3:48:00 PM
From: MW	Respond to of 3015

To all longs; With all the craziness thrown on this board here is a reminder of why you bought this stock in the first place. Some people seem to have forgotten this: [ Business \| US Market \| Industry \| IPO \| S&P \| International \| PRNews \| BizWire \| Finance Home ] -------------------------------------------------------------------------------- Monday May 4, 8:31 am Eastern Time Company Press Release SOURCE: General Instrument Corporation General Instrument and Source Media to Cooperate in Marketing Source Media's Interactive Software on GI's Advanced Interactive Digital Set-tops ATLANTA, May 4 /PRNewswire/ -_ General Instrument Corporation (NYSE: GIC - news) and Source Media, Inc. (Nasdaq: SRCM - news) today announced the signing of a letter of intent to enter into an agreement to deploy and market Source Media's software technology utilizing GI's advanced digital set-tops and systems to enable cable operators to provide interactive services and Internet access. Subject to the signing of a definitive agreement, the letter of intent calls for GI and Source Media to work together to enable Source Media's Internet access software to operate on GI's advanced digital set-top terminals. ''The combination of General Instrument's advanced interactive digital cable television platform and Source Media's interactive services technology opens the door to new compelling content applications. These applications, including high-speed Internet access and interactive television services, can be deployed on a cost-effective basis to today's digital cable subscribers,'' said David Robinson, Senior Vice President of Marketing for GI's Digital Network Systems business unit. ''We expect that integrating applications and new content sources will help to drive the deployment of digital set-top terminals throughout the United States and generate incremental revenues for cable operators.'' ''We are pleased to be able to take this important step with General Instrument,'' said Tim Peters, Chairman and Chief Executive Officer of Source Media. ''GI is the acknowledged leader in interactive digital cable deployments, with more than one million DCT-1000/1200 terminals shipped and more than 500 digital cable headends installed throughout North America.'' The Source Media software provides Internet access and interactive capability and is intended to be downloaded to the digital set-top terminal by cable operators. The cable operator can offer the service as a premium or bundled as part of a digital tier. The software has the following features: Thin client/server architecture HTML, Windows CE and Personal Java compatible OpenCable compatible Frame store based navigator Easy to use graphical user interface optimized for the television environment The letter of intent calls for GI and Source Media to prepare joint marketing materials and to participate in joint presentations at trade shows. Source Media will be exhibiting at the National Cable Television Associate (NCTA) Cable '98 show, taking place in Atlanta from May 4 through May 6. Source Media is a leader in the development and introduction of new interactive technologies and programming. Source Media's IT Network, provides new media content and advertising services via newspapers and Yellow Pages directories to over 150 million households and businesses nationwide. The Interactive Channel is an interactive cable TV programming service designed for today's digital cable TV programming tiers. VirtualModem develops and markets the intellectual property, software and patents behind the Company's Internet cable TV technology. 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. GI's cable and satellite TV operations have approximately 7,000 employees and annual sales of approximately $1.8 billion. SOURCE: General Instrument Corporation -------------------------------------------------------------------------------- More Quotes and News: General Instrument Corp (NYSE:GIC - news) Source Media Inc (Nasdaq:SRCM - news) Related News Categories: computers, internet, telecom -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright c 1998 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?

To: MW who wrote (523)	7/21/1998 3:57:00 PM
From: MW	Read Replies (1) \| Respond to of 3015

Again to all longs and especially to David Dill, Worldgate's CFO. Mr. Gill, I think you have some explaining to do. Regards; MW -------------------------------------------------------------------------------- Tuesday May 12, 12:28 pm Eastern Time Company Press Release SOURCE: Source Media, Inc. Source Media Companies File Suit Against WorldGate Communications for Infringement of Patents Concerning Internet Cable TV Technology DALLAS, May 12 /PRNewswire/ -- Source Media, Inc. (Nasdaq: SRCM - news) announced today that two of its subsidiary companies have filed a patent infringement lawsuit against WorldGate Communications, Inc. of Bensalem, Pennsylvania in the United States District Court for District of Delaware. WorldGate is accused of infringing four patents, each of which relates to a system for offering Internet access to cable television subscribers over the existing cable television system infrastructure. The lawsuit seeks damages as well as an injunction against the continued manufacture, use or sale of a product known as the WorldGate Service. John Reed, President of Source Media, stated that defending against unlawful use or violation of patents owned by the Source media family of companies is an important part of a long-term business plan. ''Our policy is to aggressively defend our intellectual property assets.'' Source Media is a leader in the development and introduction of new interactive technologies and programming. Source Media's Interactive Channel is an interactive cable TV programming service designed for today's digital cable TV programming tiers. The Company's Internet cable TV technology is marketed under the name ''Virtual Modem(TM)''. Source Media's IT Network provides new media content and advertising services through newspapers and Yellow Pages directories to more than 150 million households and businesses nationwide. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements that are not historical facts, including statements about confidence and strategies and plans and expectations about new and existing products, services, technologies and opportunities, industry growth, demand, demand and acceptance of new and existing products, and returns on investments in products and markets are forward-looking statements that involve risks and uncertainties that could significantly impact Source Media. These include but are not limited to the ability to secure distribution for the Cable SuperSites; failure to make available advanced analog or digital set-top boxes incorporating the Company's technology; general economic and business conditions; industry trends; competition; equipment costs and availability; loss of any significant customers; changes in business strategy and development plans; availability, terms and deployment of capital; availability of qualified personnel; and changes in, or the failure or inability to comply with, government regulation.