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 : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: roy whitt who wrote (6030)	12/18/1998 9:53:00 AM
From: Alex Dominguez	Respond to of 6297

Burke settles with Innovacom and Koz is history.. to, President of InnovaCom. "It puts a financial uncertainty behind us and allows us to dedicate our time and resources to more productive purposes." Further, Mark Koz has left the Company to pursue other opportunities. His position as Chief Technical Officer has been discontinued. In a vote of the Board of Directors, held December 15th, Mr. Alioto replaced Mr. Koz as Chairman of the Board of InnovaCom Inc. Mr. Koz remains a director of the Company. InnovaCom, Inc. is a development stage technology company whose principal product focus is video compression technology and its related systems. The company's MPEG-2 based product line will target the digital television, communications and DVD authoring and production marketplaces. InnovaCom, Inc., is located at 3400 Garrett Drive, Santa Clara, Calif. 95054. For more information, please call us at: (Ph) 408-727-2447; (Fx) 408-727-6625 or visit our website at: innovacom-mpeg2.com. For Investor Relations, please call: (ph) 888-464-6764. This press release contains forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward looking statement. Factors that might cause such a difference include, but are not limited to, the factors set forth under "Risk Factors" in the company's registration statement on Form SB-2 which was declared effective by the Securities and Exchange Commission on May 15, 1998. Readers should not place undue reliance on forward looking statements, which only reflect the view of management as of the date hereof. The Company does not undertake the obligation to publicly revise these forward looking statements to reflect subsequent events or circumstances. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission. SOURCE InnovaCom, Inc. CO: InnovaCom, Inc. ST: California IN: CPR SU: PER 12/18/98 06:00 EST prnewswire.com