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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (28532)	12/15/1998 4:23:00 PM
From: TokyoMex	Read Replies (3) \| Respond to of 119973

GIC ,, I wrote a lengthy story on this company ,, some time ago ,, Got in 10,000 at 33 1/4 as I sent the EM this afternoon ,, Could this be new ATHM ? Philips Elec in Talks With Gen Instrument, People Say Horsham, Pennsylvania, Dec. 15 (Bloomberg) -- Royal Philips Electronics NV, Europe's largest consumer electronics maker, is in talks to buy or form a joint venture with General Instrument Corp., the largest U.S. maker of cable TV set-top boxes, people familiar with the negotiations said. They said no agreement is certain and other companies have approached General Instrument about buying it or creating a joint venture. There has been speculation that Lucent Technologies Inc. and Cisco Systems Inc. were interested in buying a stake in General Instrument, which has a market value of $5.5 billion. General Instrument is benefiting from cable TV system upgrades and sales of its digital set-top boxes. They provide more than a hundred channels and telephone, cable modem and Internet connections. The Horsham, Pennsylvania-based company has 60 percent of the U.S. box market and orders for 15 million digital boxes. Philips is a major TV and set-top box maker. ''Philips has a set-top box business in Europe, but they haven't been able to enter the market in the U.S. successfully,'' said Steven Levy, a Lehman Brothers Inc. analyst who has a ''buy'' rating on General Instrument. General Instrument declined to comment. Shares rose 3 7/16 to 34 in late trading after earlier reaching 34 5/8. Philips said it hadn't made an offer and declined to comment further. Demand Climbs General Instrument's customers, including No. 2 cable system operator Tele-Communications Inc., have reported that the demand for digital set-top boxes is growing at a faster rate than anticipated. Earlier this month Amsterdam-based Philips received $6.15 billion and 12 percent of Canada's Seagram Co. for its 75 percent stake in PolyGram NV, the world's largest music company. Tele-Communications Inc. owns a 12.4 percent stake in General Instruments and unvested warrants for the right to buy 21.4 million shares. The New York buyout firm Forstmann Little & Co. has a 12.5 percent stake and Sony agreed to buy a 4.3 stake earlier this month for $187.5 million. General Instrument has hired Merrill Lynch & Co. to advise it. 15:41:06 12/15/1998 Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1998 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.