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To: Stoctrash who wrote (36138)	9/22/1998 1:05:00 PM
From: Don Dorsey	Respond to of 50808

First Digital High Definition Television Series Shot On Sony HDCAM Format; Sony's HDCAM Camcorders Capture the Adventures of Jules Verne MONTREAL, QUEBEC (Sept. 22) BUSINESS WIRE -Sept. 22, 1998--Paving the way for HDTV series production, Talisman Crest Limited has selected Sony's digital HDCAM(TM) camcorders to shoot the dramatic series, The Secret Adventures of Jules Verne. The program will be the first recurring television series shot in a digital high definition format, and the purchase of four Sony HDW-700 HDCAM digital widescreen camcorders by the producers marks a major commitment to HDTV.

To: Stoctrash who wrote (36138)	9/22/1998 1:24:00 PM
From: DiViT	Respond to of 50808

Adaptec Alters Plans For Satellite Business 09/18/98 Communications Today (c) 1998 Phillips Business Information, Inc. As part of a sweeping reorganization of PC component supplier Adaptec Inc. [ADPT], the company is spinning off its satellite group into a new venture called BroadLogic Inc., in which it will maintain an equity stake. The move is part of an effort to turn the company's fortunes around after it recorded poor financial results. The company suffered first quarter losses of $77 million, compared to a $59 million profit a year earlier. The company's stock plummeted to $10.13, from a 52-week high of $54.25. At the market's close yesterday (9/17), Adaptec shares were trading at $11.55, signifying at least a small return of investor confidence. Jim Meyer, BroadLogic director of marketing, described the new venture as an "IPO candidate." Approximately 30 Adaptec employees will be absorbed into the company, which will be housed within Adaptec 's Milpitas, Calif. headquarters. Toby Farrand, the former vice president of engineering with The 3DO Co. [THDO] was appointed president and CEO of the company. The spin-off deal is expected to close by Oct. 1. "BroadLogic is in an exciting new emerging market, linking the PC with satellites that enable split-second communications to anywhere in the world," said Bob Stephens, Adaptec 's CEO. " Adaptec is enhancing BroadLogic's future success by providing them with the necessary resources to take advantage of the growing satellite communications equipment market." In addition to Adaptec 's input, BroadLogic will be able to develop its products and services with existing partners such as DTN, CyberStar, Digital Express, EchoStar, Eutelsat and Media4. In related news, Adaptec intends to form partnerships with fiber channel company Jaycor Networks Inc. (JNI) and tape storage supplier Chaparral Technologies Inc. (CTI). Adaptec will transfer certain assets to JNI in exchange for a stake in the company and engage in joint manufacturing and sales. The company also is taking an equity stake in CTI. As a result of this latest reorganization, Adaptec expects to lay off about 140 employees. Of the 200 workers involved with the fiber channel and tape storage business, about 30 percent are expected to remain with Adaptec or the new partners. Since April, Adaptec has reduced its workforce by approximately 25 percent. ( Adaptec , 408/945- 8600.)