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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: DiViT who wrote (38803)	2/4/1999 7:33:00 PM
From: John Rieman	Read Replies (1) \| Respond to of 50808

Don't know about those Telewest boxes, but Pace has a deal with Canal Plus............................................. MILPITAS, Calif.--(BUSINESS WIRE)--Feb. 1, 1999--C-Cube Microsystems (Nasdaq:CUBE - news) announced today that its new digital video set-top box solutions have been selected by Canal+, Europe's largest digital pay-television service, as the core engines for its new MediaWeb platform. pace.co.uk 18 January 1999 Pace wins new contract with Canal+ Pan-European broadcaster Canal+, has awarded Pace Micro Technology plc a significant new contract to manufacture digital set-top boxes for rental markets in France, Italy and for the first time in Poland. This continues the series of Canal+ contracts Pace has won since 1996, reflecting the long term relationship Pace has built with the broadcaster. The set-top box will be the first in a new generation of Canal+ products which are expected to begin rolling off the production line in Spring 1999. The new generation boxes will enable the broadcaster to offer more features to subscribers through enhanced and higher operating speeds. It will also enable greater commonality of products between Canal+ markets, reducing the overall need for product testing. Pace has also recently launched a digital set-top box into the Italian retail market for the services provided by Canal+ subsidiary Tele+. Known as the ‘Platinum' box, this product will be launched in Holland and in France this year. Longer term, Pace is working on the next generation of Mediaweb high specification satellite receivers for the French market, due to be launched in late 1999. According to Malcolm Miller, Pace's chief executive: “The digital TV market is gathering momentum. This latest order from Canal+, combined with our recent successes in the UK and the Pacific Rim and the exciting new technological innovations currently being developed by Pace are keeping us at the forefront of the digital television industry worldwide. We are combining our global expertise to explore opportunities with Canal+ in digital TV markets throughout the world. For example, we have already worked with Canal+ on the development of the world's first digital terrestrial television service for ONdigital and we are leading the market in the integration of digital set-top box technology into widescreen TVs.” Notes to Editors About Pace Micro Technology Pace Micro Technology plc is Europe's largest and the world's fourth largest manufacturer of integrated digital receiver decoders, the set-top boxes necessary to receive digital broadcast and value added services. The company is actively involved in all digital TV platforms – satellite, terrestrial and cable – and has played a key role in the creation of the digital pay television market worldwide. By January 1999 Pace had manufactured over 2,000,000 digital set-top boxes that were delivered to 18 international broadcasters in the UK, Europe, Latin America, Australasia and the Far East. This landmark was reached less than four years after Pace delivered the world's first MPEG-2 digital boxes in volume to Galaxy in Australia in August 1995. The company has also manufactured 6.5 million analogue set-top boxes since it entered the pay television market in1987. Pace operates in over 80 countries worldwide and its head office is at Shipley in West Yorkshire. The company's shares are traded on the London Stock Exchange. — Ends —