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: Pluvia who wrote (1420)	10/27/1998 10:38:00 AM
From: MW	Respond to of 3015

stevie; as usual you left out one small fact.. <<<A few WorldGate Facts To Consider... Partners Charter Communications, Comcast, Cablevision Systems, Supercable Competitors WebTV, NetChannel Investors NextLevel Systems, Scientific-Atlanta, Citicorp Technology Investments, Motorola, Advent International, Needham, Alan Gerry >>> YOU LEFT OUT THE FACT THAT SRCM IS SUEING WORLDGATE FOR PATENT INFRINGEMENT.. <<Dallas, Texas, May 12, 1998 - Source Media, Inc. (NASDAQ: SRCM) 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." >> Let's see, the last time SRCM heard from the courts they were granted a preliminary injunction against your not so brite friends despite your carrying on to the contrary. I hope Worldgate does great. It will be great for the industry and great for SRCM as it will prove a market for their service and they will ultimately get royalties/liscense revenue from Worldgate. mw