SI
SI
discoversearch

 Technology Stocks | General Instrument Corp.'98 (GIC)


Previous 10 
To: Diana R. Chambers who wrote (605)9/16/1999 11:54:00 AM
From: Kenneth V. McNutt
   of 615
 
Thanks , Diana, for the reply. Apparently GIC mgmt. believes GIC stockholders are better off with .57 shares of MOT than a full share of GIC. Does not display much faith in their company. Maybe SFA is causing them fits in the business? I don't know the date when the exchange price will be set. Does anyone out there know? At this moment MOT is up and exchange is $50.37 per GIC share, slightly less than worth at announcement of purchase.
Anyone out there have details on buy-out? TIA for any info. K

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)

To: Kenneth V. McNutt who wrote (606)9/30/1999 11:45:00 AM
From: Highway Jim
   of 615
 
Things are real quite here. What's everyones thoughts on going forward?

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)

To: Highway Jim who wrote (607)10/4/1999 11:53:00 AM
From: GRC
   of 615
 
MOT is at 91.5, and GIC is at 50 3/16. Given the .575 exchange rate, has anyone considered buying GIC and shorting MOT. When (if) the buyout is completed, use the MOT stock received from GIC to cover the short. Right now its about a $4.00 share gain. The .575 rate could go up, which would increase the gain (.6 rate gives about $6.00 gain). I doubt the rate would decrease. Risk is that deal falls through, but this is a small risk, imo.

Any comments?

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)


To: GRC who wrote (608)10/6/1999 9:44:00 AM
From: BillyG
   of 615
 
Gemstar Wins Major Arbitration Award Against General Instrument

PASADENA, Calif.--(BUSINESS WIRE)--Oct. 6, 1999--Gemstar International
Group Ltd. (Nasdaq:GMST) today announced that a panel of the American Arbitration
Association issued a partial ruling against General Instrument Corp. and awarded
Gemstar's wholly owned subsidiary, StarSight Telecast Inc., an award in the multiple
tens of millions of dollars in compensatory and punitive damages, together with
attorneys' fees and costs as a result of General Instrument's breach of its contract with
StarSight and its misappropriation of StarSight Telecast's proprietary technology and
intellectual property in the electronic program guide (EPG) area.

This phase of the arbitration arose from General Instrument's deployment of electronic
program guides on its analog cable set top boxes, which the panel found to be willful
and malicious misappropriation of StarSight Telecast's proprietary technology and
intellectual property.

The compensatory portion of the award is set at the greater of StarSight's lost profits or
General Instrument's unjust enrichment based on a disgorgement theory. In addition, the
panel also awarded StarSight punitive damages of 50 percent of the compensatory
award, plus costs and attorney fees.

The exact amount of the multimillion dollar award is being calculated by StarSight and
will be submitted to the American Arbitration Association for the panel's approval.

A second phase of the arbitration, which is expected to commence in approximately
three months, will focus on the digital set top boxes deployed by General Instrument.
The panel will be presented issues similar to those decided in the first phase of the
arbitration, but the focus will be directed on whether General Instrument also breached
its contractual duties with respect to digital set top boxes that are capable of supporting
an EPG, and if so, determine the appropriate award.

This arbitration is a contract dispute between General Instrument and StarSight.
Gemstar and StarSight still have pending litigation against General Instrument for patent
infringement which will be vigorously pursued.

Stephen A. Weiswasser, executive vice president and general counsel of Gemstar,
stated: "We are pleased with the arbitration panel's decision that General Instrument
wrongfully breached its contract with StarSight and misappropriated StarSight's
confidential information, and that General Instrument's conduct was sufficiently egregious
to warrant a significant punitive damage award. This award reflects Gemstar's
unwavering commitment to defend its rights, including intellectual property rights, against
those who breach or infringe."

Gemstar develops, markets and licenses proprietary technologies and systems aimed at
making technology user friendly for consumers. Gemstar's technology and intellectual
property are licensed to major companies in the consumer-electronics, satellite, cable
and personal- computer industries, including Aiwa, Akai, America Online, Americast,
Cox, Daewoo, Funai, GTE, Hitachi, Hughes Network Systems, JVC, LG Electronics
(Goldstar), Matsushita (Panasonic, Quasar), Microsoft Corp., Mitsubishi, Orion, Philips
(Magnavox, Philips), Quadravision, Samsung, Sanyo, Scientific-Atlanta, Sharp,
Shintom, Sony, Southern New England Telephone, Thomson multimedia (GE, Proscan,
RCA, Thomson), Time Warner, Toshiba, U.S. West, Uniden and Zenith.

Gemstar has more than 75 issued U.S. patents in the general area of audio-visual
technologies, containing more than 1,500 claims and 70 foreign patents, containing more
than 1,000 claims. The company continues to pursue a worldwide patent prosecution
program, and has more than 130 pending U.S. patent applications and more than 160
pending foreign patent applications.

Gemstar is a leading provider of electronic-program-guide services, which allow a user
to view a television-program guide on screen, obtain details about a show, sort shows
by themes or categories, and select shows for tuning or recording, all through the remote
control.

In the United States, data for Gemstar's electronic-program- guide services are carried
on the ABC, FOX, CBS, NBC, UPN and PBS networks by hundreds of over-the-air
broadcast stations and on a number of cable networks. Gemstar's electronic program
guide has been built into a number of models of new televisions, VCRs and TV/VCR
combination units.

Gemstar's electronic program guide is also licensed to cable, telco, and MMDS service
providers, and has been integrated into direct-broadcast-satellite receivers, digital and
advanced analog cable set-top boxes, PCTV and other Internet devices, and computer-
operating systems such as Windows 98.

Gemstar's VCR Plus+(R) instant programming system is a world standard for VCR
programming. VCR Plus+ allows a user to record a television show simply by entering a
number -- the PlusCode(R) number

-- printed in television-program guides. The PlusCode numbers are published by more
than 1,800 newspapers and television-program guides worldwide, with a combined
circulation of more than 330 million.

The VCR Plus+ system has been licensed to virtually every major television and VCR
manufacturer and is now available in 40 countries and 6 continents, including the United
States, Canada, the United Kingdom, continental Europe, Japan, Southeast Asia,
Australia, New Zealand, South America and South Africa.

Except for historical information contained herein, the matters discussed in this news
release contain forward-looking statements that involve risks and uncertainties, including
the timely availability and acceptance of new products, the impact of competitive
products and pricing, the management of growth, and the other risks detailed from time
to time in the company's Securities and Exchange Commission reports, including the
report on Form 10-K and 10-Q.

NOTE: GUIDE Plus+, VCR Plus+ and PlusCode are registered trademarks of
Gemstar. Other product names used herein are for identification purposes only and may
be trademarks of their respective companies.

--30--RJ/la* MRA/la ECQ/la

CONTACT:

Gemstar International Group Ltd., Pasadena

Linda Lloyd da Silva, 626/792-5700

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)

To: BillyG who wrote (609)10/30/1999 11:16:00 PM
From: Larry Kagan
   of 615
 
This is without a doubt the sleepiest thread for a wildly successful company. Is it the MOT takeunder that's got people down?
Regardless, GI boxes and technology will be at the forefront of the most incredible transformation: Passive broadcast analog TV to... ACTIVE TWO-WAY DIGITAL "television" ....what a quaint term...

congrats to the longs ...and don't sell: you'll retire much more comfortably if you don't.

-Lk

Share Recommend | Keep | Reply | Mark as Last Read

To: louis mason who wrote ()10/31/1999 10:16:00 AM
From: Dr. Diligence
   of 615
 
Need some help on: What benefits will GIC receive from spin-off Next Level Communication? Is GIC still a major shareholder of NXTV after spin-off?

Share Recommend | Keep | Reply | Mark as Last Read


To: louis mason who wrote ()12/17/1999 2:45:00 AM
From: Jeanne Carey
   of 615
 
Why is no one talking here? What about this proposed merger with Motorola?

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (2)

To: Jeanne Carey who wrote (612)12/17/1999 11:24:00 AM
From: buckhead26
   of 615
 
The merger is great. They also own NXTV majority of stock. NXTV is pioneering true "cable equivalent" video service over copper (VDSL aka Super ADSL), and have products in the field.

buckhead26

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)

To: buckhead26 who wrote (613)1/11/2000 1:10:00 AM
From: Bruce Cullen
   of 615
 
In regards to (GIC)

Sherwood Coasts Group now has a "Featured Stories" section at the top of the website located at geocities.com

or for todays update
geocities.com

or
geocities.com

Bruce Cullen
Sherwood Coasts Group
geocities.com
Sherwoodgroup@bigfoot.com

Share Recommend | Keep | Reply | Mark as Last Read


To: Jeanne Carey who wrote (612)5/26/2000 5:51:00 PM
From: Return to Sender
   of 615
 
GIC is now MOT

Share Recommend | Keep | Reply | Mark as Last Read
Previous 10 

Copyright © 1995-2014 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.