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

To: art slott who wrote (2565)	4/22/1999 11:24:00 PM
From: blackcash	Read Replies (2) \| Respond to of 13157

art.... www.daytrades.com.... has after hours qoutes/trading..

To: art slott who wrote (2565)	4/22/1999 11:30:00 PM
From: Eqmx	Respond to of 13157

Art, Yesterday Southeast upgraded the short term price to $ 21 from $ 12. I just noticed that Bridge also upgraded its recommendation, here: <<<<<<<<<April 14, 1999 RECOMMENDATION: BUY ACTV, Inc. (NASDAQ: IATV) Liberty Increases Investment In ACTV — Receives Options to Invest an Additional $100 Million over 5 Years; Gives ACTV Strong Financing Plan, Raises Profile of ACTV's Internet Assets Market Data: Exchange Symbol.....................IATV (NASDAQ) Price of Common Stock (04/13/99)............$19.50 30-Day Average Trading Volume..........1,459,000 Shares Outstanding.........................33.2M 52-Week High/Low......................$22.00/$1.37 ACTV Corporate Information: Address....................1270 Avenue of the Americas ...................................New York, NY 10020 Telephone.................................212-217-1600 Chairman & CEO......................William C. Samuels CFO...............................Christopher C. Cline Website...................................www.ACTV.com Research Update 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. >>>>>>>>>

To: art slott who wrote (2565)	4/23/1999 10:06:00 AM
From: Skip Jack	Respond to of 13157

Welcome back Art, now let's hope SFA kicks some Gemstar butt. ************************************* April 23, 1999 09:49 Scientific-Atlanta Files Patent Infringement Litigation Against Gemstar International Group Company Seeks Compensatory and Enhanced Damages and Permanent Injunction Against Further Sales of Gemstar Television Program Guide ATLANTA, April 23 /PRNewswire/ -- Scientific-Atlanta, Inc. (NYSE: SFA) announced today that it has filed an action against Gemstar International Group Limited (Nasdaq: GMST) and Gemstar Development Corporation (collectively, "Gemstar") in the U.S. District Court for the Northern District of Georgia for knowing and willful infringement by Gemstar of three Scientific-Atlanta patents. The suit seeks compensatory as well as enhanced damages and a permanent injunction against Gemstar on the basis of the knowing and willful infringement of the Scientific-Atlanta patents by the Gemstar electronic program guides included on certain television sets and other consumer electronics products. Electronic program guides permit users to view on screen current television program schedule information, select a program to view or record, obtain detailed information regarding programs, and perform other functions relating to television programming. The Scientific-Atlanta patents relate to the features and functions of Gemstar's program guides. In December 1998, Scientific-Atlanta filed a different action against Gemstar in the U.S. District Court in Atlanta, which asserts that Gemstar has violated various federal antitrust laws. That suit also seeks a declaration that certain patents owned by Gemstar are invalid and/or not infringed by Scientific-Atlanta. After learning of the filing of that suit, Gemstar sued Scientific-Atlanta in California alleging infringement of two of the same Gemstar patents, which Scientific-Atlanta in its December action maintains are invalid. Scientific-Atlanta (http://www.sciatl.com ) is a leading supplier of broadband communications systems, satellite-based video, voice and data communications networks, and worldwide customer service and support. SOURCE Scientific-Atlanta, Inc.