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

To: Stoctrash who wrote (40499)	5/5/1999 11:13:00 AM
From: John Thomas	Respond to of 50808

BSY NEWS................... London, May 5 (Bloomberg) -- British Sky Broadcasting Plc, Europe's No. 2 pay-TV company, said third-quarter profit fell 83 percent as it spent more trying to stem a loss of satellite customers. It unveiled new incentives, such as free set-top boxes and Internet access, to compete with cable companies. ''The gloves are coming off and the cost of staying in this game has gone up,'' said Anthony de Larrinaga, an analyst at WestLB Panmure, who rates BSkyB shares ''sell.'' ''Sky has shown that it's taken the marketing initiative again.'' Cable has won customers with packages that include TV, phone and Internet services. To keep its new digital service competitive, BSkyB said it will give away decoder boxes, which had cost about 200 pounds, and offer discounted phone service and free Internet access. Shares in BSkyB, 40 percent owned by Rupert Murdoch's News Corp., rose as much as 60 pence, or 11.08 percent, to 601.5p. Shares in Pace Micro Technology Plc, which makes set-top boxes, rose as much as 23 pence, or 15.49 percent, to 171.5p. BSkyB's profit in the three months to March 31 fell to 11.7 million pounds ($19 million), or 0.6p per share, from 68 million, or 3p a share a year ago. The company said it will take a one-time charge in its full- year results of about 315 million pounds to