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To: .com who wrote (38848)2/8/1999 2:18:00 PM
From: DiViT  Read Replies (1) | Respond to of 50808
 
MediaOne, Philips may target U.S. set-top market

news.com

By Bloomberg News
Special to CNET News.com
February 8, 1999, 6:20 a.m. PT
MediaOne Group, the third-largest U.S. cable-television company, plans to develop digital set-top boxes with Philips Electronics NV, a move aimed at lowering prices and giving television viewers more choice, according to reports.

The plan is also aimed at opening the U.S. equipment market for set-tops, which for years has been dominated by General Instruments and Scientific- Atlanta, the Wall Street Journal reported, citing Bud Wonsiewicz, MediaOne's chief technical officer. MediaOne expects to begin selling digital set-tops this summer, well ahead of the U.S. government deadline for making the boxes available to customers on a retail basis, now set for July 2000, the newspaper said.

MediaOne indicated on December 17 its cable-TV cash flow will be below the industry average for another year before reaching above-average levels in 2000.

Copyright 1999, Bloomberg L.P. All Rights Reserved.