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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: Stonesouls who wrote (474)	3/2/1999 9:39:00 AM
From: briank	Read Replies (2) \| Respond to of 13157

Sun Microsystems Inc. in Discussions to Increase Its Stake in OpenTV (any one familiar with OpenTV and are they a direct competitor of ACTV?) PALO ALTO, Calif., March 1 /PRNewswire/ -- Sun Microsystems, Inc. (Nasdaq: SUNW - news)announced today it is in discussions with Myriad International Holdings (MIH) regarding a potential increase of Sun's equity stake in OpenTV, Inc., a leader in interactive television software for digital television receivers. The deal is subject to agreement on valuation and terms. Sun has always supported OpenTV's strategy of developing open, robust and scalable interactive television software solutions for the digital set-top box marketplace based on a TV-centric model. ''As one of the original joint venture holders in OpenTV, Sun and OpenTV have a long history of working together to promote advanced interactive television technologies, including Java(TM),'' said Mark Tolliver, president of Sun's consumer and embedded division. ''We continue to be impressed with the penetration OpenTV has achieved in diverse markets around the world''. About Sun Microsystems Since its inception in 1982, a singular vision, ''The Network Is The Computer(TM),'' has propelled Sun Microsystems, Inc., to its position as a leading provider of high quality hardware, software and services for establishing enterprise-wide intranets and expanding the power of the Internet. With more than $10 billion in annual revenues, Sun can be found in more than 150 countries and on the World Wide Web at sun.com. NOTE: Sun, the Sun logo, Sun Microsystems, HotJava, ''The Network is the Computer'' and Java are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and in other countries. Press announcements and other information about Sun Microsystems are available on the Internet via the World Wide Web using a tool such as Netscape Navigator or Sun's HotJava(TM) browser. Type sun.com at the URL prompt. SOURCE: Sun Microsystems, Inc.