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Technology Stocks : General Instrument Corp.'98 (GIC) -- Ignore unavailable to you. Want to Upgrade?

To: Volsi Mimir who wrote (581)	5/20/1999 11:46:00 AM
From: Volsi Mimir	Respond to of 615

interactive TV. dailynews.yahoo.com NCI liberated with $50M investment By Robert Lemos, ZDNet The future, it seems, is interactive TV. At least it is for information appliance software maker Network Computer Inc. NCI on Wednesday changed its name to Liberate Technologies Inc. and scored $50 million from 11 partners in a private round of financing. "Network Computer, our old name, reflected our past," said Mitchell Kertzman, president and CEO of the company, referring to its past christening by Larry Ellison, chairman of Oracle Corp. (Nasdaq:ORCL - news), as the company that would create the PC's replacement -- a network computer. "'Liberate' shows several things: That we are a software company, and that we are a champion of open standards." Liberation for TV The company has also arrayed a large band of backers in a $50 million round of financing. The list of supporters includes cable operators Comcast Corp. (Nasdaq:CMCSA - news), Cox Communications, Roger Communications, Shaw Communications and MediaOne; set-top box maker General Instruments; technology developers Lucent Technologies Inc. (NYSE:LU - news), Sun Microsystems Inc. (Nasdaq:SUNW - news) and Wind River Systems; and investment firms Hambrecht & Quist and Marubeni. Despite calling the investments "strategic," Kertzman did not expand on what initiatives Liberate would work on with its new partners. The company is currently going through a quiet period before it files for an initial public offering with the Securities and Exchange Commission.