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 : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Vayda who wrote (29319)	5/6/1999 11:00:00 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

To all - I think this AT&T / Microsoft / "set-top" cable boxes / Windows CE thing (in a roundabout way) should be beneficial to both Qualcomm and WirelessKnowledge. Even though I personally detest Microsoft (quick explanation - do not EVER use the words "Microsoft" and "pioneer" in the same sentence), it is clear that if Windows CE becomes dominant, it helps WirelessKnowledge. May 6, 1999 AT&T, Microsoft Join Forces In Cable-Internet Service Pact An INTERACTIVE JOURNAL News Roundup AT&T Corp. and Microsoft Corp. Thursday announced a cable "broadband" and Internet services agreement. in which the software titan will purchase $5 billion of AT&T securities. Additionally, AT&T will increase its use of Microsoft's TV software platform in set-top cable boxes, and both companies will work together to showcase new digital cable services in two U.S. cities. The companies said in a news release AT&T will increase its use of Microsoft's Windows CE-based operating system software in its digital set-top devices, though which companies deliver communications, entertainment and information services to cable subscribers. AT&T. has a commitment to use the Windows CE-based system in five million set-top devices. The nonexclusive agreement announced Thursday expands the license to cover an additional 2.5 million-to-5-million devices. AT&T will also license Microsoft client/server software, which facilitates e-mail and interactive television entertainment. The two companies plan to deploy client/server TV software in two showcase cities by the second quarter of 2000. Also, Microsoft will pay $5 billion for newly issued AT&T convertible trust preferred securities and warrants. The preferred securities, which will have a face value of $5 billion and be priced at $50 per security, will make a quarterly payment of 62.5 cents per security. The preferred securities, which will be convertible into 66.7 million shares of AT&T common stock at a price of $75 per share, will have a maturity of 30 years, and the conversion feature can be terminated, under certain conditions, after three years. The warrants will be exercisable in three years to purchase 40 million AT&T common shares at a price of $75 per share. Copyright © 1999 Dow Jones & Company, Inc. All Rights Reserved.