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

To: Steve Hausser who wrote (1996)	4/14/1999 8:54:00 AM
From: Jazz102	Read Replies (1) \| Respond to of 13157

Found this on RNWK board From: Champolion Wednesday, Apr 14 1999 7:11AM ET Reply # of 2622 RNWK or IATV? ...and the public is starting to recognize that companies such as ACTV [NASDAQ: IATV] can do much more than RNWK. Besides, IATV has solid relationships with both Internet infrastructure operators (AT&T, @Home) and CATV companies (TCI, Fox News Networks). To top all that, Liberty Media is pouring money into IATV. Streaming audio and video (RNWK) is nice, but how about streaming TV/Web access (IATV)? One thing IATV's tech. can provide: You are watching a game. You can pick any camera angle you prefer. You can "click" any player on your screen, and get detailed statistics about his career (downloaded from the Internet, through your cable service). In the same way, you can view a video of his best games, etc. During the game, you want to learn more about an advertised product, you "click" the product, and your TV turns into a Web based source of information. Etc. IATV's tech. is available now, why would anyone settle for streaming audio and video, when you can have all that? Brief, my question is: Why would anyone buy RNWK instead of IATV? ------ Previous \| Previous \| ------ \| Respond \| Quotes - 100-Day Chart - News - Profile - Earnings - Discussion - Web/Info View SubjectMarks Bookmark this Subject RealNetworks (NASDAQ: RNWK) Date: Apr 13 Last Trade 229 00 Change 0unch0) Bid 230 00 Ask 231 3/8 Volume 000 Prev.Close 229 00 Open 0.000 Day Range 0.000 - 0.000 Last Tick 0Up0 Avg.Volume 01,304,0000 52-week range: 15 1/4 - 263 3/4 Discussion \| People \| MetaCrawler Subject Titles Only Full-Text This Subject Only Send questions and feedback to webmistress@techstocks.com Terms of Use

To: Steve Hausser who wrote (1996)	4/14/1999 8:59:00 AM
From: Steve Hausser	Respond to of 13157

Bridge Technology Group LLC Reiterates BUY on ACTV Following Increased Investment by Liberty Media Group Please Visit Bridge's Web Site at www.BridgeNYC.com for Detailed Report New York, NY, April 14, 1999 -- Bridge Technology Group LLC today published comments on ACTV's (Nasdaq: IATV) announcement that Liberty Media Group (NYSE: LMGa and LMGb) had increased its investment in ACTV and received options to purchase additional shares in ACTV over the next five years. The full text of this report can be accessed at Bridge's web site, at www.BridgeNYC.com. Excerpts from the Bridge report follow: ACTV and Liberty Media Group (NYSE: LMGa and LMGb) announced yesterday that the parties had reached an agreement whereby Liberty will invest an additional $9 million in ACTV (through the exercise of previously existing options and the purchase of new shares), and Liberty will receive options to purchase additional interests in ACTV over the next one-to-five years. If fully exercised, these investments will total more than $100 million and Liberty could end up owning approximately 25% of ACTV. We believe this expanded investment reflects Liberty's commitment to the commercialization of the HyperTV and Individualized Television technologies, and ensures that ACTV's patented interactive applications will be integrated into the vast operations in which Liberty has an ownership interest. We reiterate our BUY recommendation. As part of this transaction, Liberty Media receives a series of options that allows them to make additional equity investments over the next five years. Exercise of the options over the next 24 months would result in investments of approximately $50 million. Liberty must exercise each option sequentially, or the remaining options expire. Positive aspects of the new ACTV/Liberty Media Partnership Gives ACTV Strong Financing Plan: This agreement, together with the calling of outstanding warrants, has resulted in an inflow of approximately $18 million to ACTV this month. This will enable ACTV to accelerate the build-out of the HyperTV network, as well as invest in additional Individualized Television regional programming facilities (similar to the ACTV facilities in the FOX Sports SouthWest region). The series of options greatly enhances ACTV's financing flexibility. Liberty Media — Follow the "Smart Money": With the possibility of becoming a 25% ACTV owner, we believe Liberty Media evolves from simply a minority investor to a "real" partner, with a strong incentive to maximize ACTV shareholder value. We view this agreement as validation of ACTV's technology and strategy and reflective of Liberty's confidence in the ACTV management and technical teams. Liberty Media has a very well established track record for investing in winners, and growing shareholder value; invest alongside the "smart money." Liberty Digital — Raises ACTV's Internet Profile: Investors should note that Liberty's holdings in ACTV securities are contemplated to be included in Liberty Media's proposed exchange of assets with TCI Music Inc. (Nasdaq: TUNE). As part of this asset swap, Liberty Media intends to contribute all of its directly owned Internet and interactive television assets to TUNE in exchange for an expanded interest in TUNE, which would be renamed Liberty Digital, Inc. In addition to the ACTV interests, Liberty Media will contribute its interests in priceline.com (Nasdaq: PCLN), iVillage (Nasdaq: IVIL), Sportlines USA and drugstore.com. This should give ACTV tremendous visibility and marketing opportunities among leading Internet companies.. ### Bridge Technology Group LLC is a registered investment advisor focused on identifying emerging growth companies in the healthcare and information technology sectors that offer compelling investment opportunities over the long term. By providing comprehensive financial services, including corporate finance, M&A advisory, strategic partnering and communications consulting, the company positions itself to provide a fully integrated package of value-added services to emerging growth companies.