Was hat Philips mit Excite@At Home zu tun? - 500 Beiträge pro Seite

[fsch]

Bin neugierig
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AT&T Broadband Selects Philips Electronics For Advanced Digital Cable Set-Top Boxes

AT&T Broadband and Philips Electronics (NYSE:PHG) plan to market Philips’ advanced digital cable set-top boxes to U.S. consumers beginning in 2001, the companies said today.
The companies said they are forming a new business alliance with a goal of increasing the competitive retail marketplace for advanced digital cable set-top boxes.

The new retail marketplace will spur competition and innovation among world-class technology suppliers, increase choices for consumers, and stimulate the introduction of new broadband video, voice and data services via cable set-tops. This retail alliance will accelerate the innovation in the marketplace. In addition, AT&T Broadband also expects to purchase set-top boxes directly from Philips. The companies have agreed on an initial volume of one million set-tops.

"We are pleased to have Philips working with us to help us continue to meet the incredible need for digital video delivery," said Tony Werner, chief technology officer for AT&T Broadband. "Philips continues to demonstrate a superb ability to innovate in consumer electronics equipment. This innovation, combined with Philips’ knowledge of retail distribution channels, will be beneficial as we start to move into retail distribution."

"Philips is excited to be working with AT&T Broadband to create an open and competitive environment," said Rob van Oostenbrugge, CEO, Philips Digital Networks. "World-class suppliers now have a clear entry point upon which to develop innovative new technologies. The ultimate beneficiaries of this alliance will be AT&T Broadband customers, who will soon be able to purchase digital cable set-tops just as they do other consumer electronics products, allowing them to select the services that best suit thei interests and needs."

The digital set-top boxes that Philips will provide to AT&T Broadband will accept an OpenCable™ compliant point-of-deployment (POD) module. This feature enables separable security, a key requirement for portability. Such portability is important to consumers, as it means that they still will be able to use their set-top box even if they move to a new home. OpenCable™ is a Cable Television Laboratories, Inc. (CableLabs®) initiative aimed at developing a new generation of set-top boxes that are interoperable with the legacy of proprietary systems already deployed in the United States. The companies have made arrangements to create compatibility with AT&T’s existing headends, based upon the Motorola-GI DES conditional access system, a breakthrough accomplishment for the broadband industry.

The Philips open set-top platform is an important step in establishing a new consumer electronics business model, offering several combinations of digital cable, personalized television and Internet access services. This platform, which will be deployed in high-bandwidth cable networks, could lay the foundation for creating a residential gateway and a whole new category of in-home accessories. The Philips digital set-top boxes will also feature the versatile and high-performance TriMedia™ programmable media processor to be integrated with AT&T Broadband’s interactive software platform, which together are expected to provide critical technological advantages over conventional digital set-tops. The TriMedia processor is based upon the Nexperia Digital Video Platform (DVP), which incorporates the TriMedia VLIW processor for advanced media processing. This advanced technology will enable broadband cable subscribers to access the most comprehensive menu of interactive services available. The TriMedia processor, developed by Philips, is a special-purpose microprocessor for the real-time processing of audio, video, graphics and communications data streams. The advanced processor is well suited for high-performance Internet-based applications such as streaming media, e-commerce, gaming, and other two-way interactive services as well as a wide variety of new television entertainment services such as video-on-demand and personal video recording employing an internal hard disk drive.

The Philips set-top platform is intended to be the catalyst for developing a residential gateway and a whole new category of in-home accessories, including speech recognition input devices, wireless speakers and display devices, cameras for teleconferencing, and voice and data communications products. The Home AV networking specification (HAVi) will be used to provide ease-of-use and application interoperability between the Philips set-top box and connected devices.

[fsch]

Ist das nicht schön:
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On June 20, 2000, our stockholders approved an amendment to our fifth amended and restated certificate of incorporation, satisfying one of the requirements to the effectiveness of the letter agreement. This amendment, when filed, will result in Comcast and Cox no longer having certain rights under the stockholders` agreement. These rights currently include the right to designate a director to our board and the right to veto a board action by voting together against a board action. As of the effective date of the letter agreement, the designees of Comcast and Cox that are currently on our board will resign their board positions and AT&T will acquire (!!!) voting control over all (!!!) board actions.

Upon the execution of the letter agreement, we granted to AT&T, Comcast and Cox warrants to purchase two shares of our Series A common stock for each home passed by their respective cable systems. The issuance of these


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warrants will become effective subject to the effectiveness of the letter agreement. The exercise price for the warrants is $29.54 per underlying share. Warrants issued to AT&T for approximately 55 million shares in aggregate will become 100% vested and exercisable, with limited exceptions, on June 4, 2002 for one share of Series A common stock and one share of Series B common stock for each home passed. Shares acquired through exercise of these warrants are subject to volume limitations on disposition at a rate of approximately 17% per year. Warrants issued to Comcast and Cox with respect to an estimated 45 million shares of our Series A common stock will vest as to approximately 17% of the total shares on June 4, 2001 and as to approximately an additional 8% each six months thereafter so long as the existing master distribution agreement, the letter agreement or superceding definitive agreements, as applicable, have been continuously in effect up to such date. We will also grant additional warrants for increases in homes passed, and each warrant granted by us will be subject to forfeiture based on decreases in homes passed or for failure to bring new systems in compliance with the distribution provisions of the letter agreement. We will record the fair values of these warrants at the time that they are earned by the cable partners and we will amortize such amounts to operations over the respective terms of the distribution agreements.
Warrants to purchase approximately 8.9 million shares of our Series A common stock, which Comcast acquired in connection with its acquisition of cable systems from Prime-Potomac, L.P., Prime-Chicago L.P., Jones Intercable Inc. and Garden State Cablevision L.P., will be amended to eliminate performance vesting conditions and will become exercisable in six-month increments over the original vesting terms of these warrants. The distribution agreements assumed by Comcast in connection with these warrants may be terminated by Comcast at the same time that it terminates the existing or new master distribution agreement.

In addition, upon the effectiveness of the letter agreement, we will issue to AT&T one share of our Series B common stock, each share of which entitles its holder to 10 votes, in exchange for each share of our Series A common stock surrendered by AT&T to us. We expect to issue approximately 50 million shares of our Series B common stock in this exchange, which, when considered together with the above warrants, would result in AT&T holding approximately 25% of the total outstanding shares of our common stock and approximately 74% of our voting power, each on a fully-diluted basis.

Under the agreement, AT&T has granted Comcast and Cox the right to sell their shares of our Series A common stock to AT&T for a minimum price of $48 a share at any time between January 1, 2001, and June 4, 2002, up to a maximum of $1.5 billion for Comcast and $1.4 billion for Cox.

[laab]

@fsch
Wäre Dir sehr dankbar für eine Kurzübersetzung in Stichworten-mein englisch reicht nicht ganz aus für die ersten guten Nachrichten von
A.T.Home.
Bin vor ca.1 Jahr mit ein paar 100 Stück rein zu 36E.
An verkauf dachte ich nie.
Nachkaufen zur Kurspflege-was meinst Du????
Vielleicht hilft mir Deine Kurzübersetzung .
Danke.
Auf Kaufkurse ?
laab

[fsch]

@laab,

mein English ist leider auch dermaßen schlecht, daß ich mich freuen würde, wenn einer der anderen Leser eine Übersetzung beisteuert.

Grüße, fs

[fsch]

Die lassen wirklich nichts mehr anbrennen
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Excite@Home and Cablevision Announce Resolution of Cablevision Delaware Litigation

REDWOOD CITY, Calif. and BETHPAGE, New York, Aug. 17 /PRNewswire/ -- Excite@Home (Nasdaq: ATHM) and Cablevision Systems Corporation (NYSE: CVC) today announced resolution of the lawsuit between Cablevision and Excite@Home and its cable partners AT&T, Cox and Comcast. The parties agreed to dismiss Cablevision`s claims against Excite@Home and its partners immediately, and Cablevision has consented to Excite@Home`s completion of the extension of the distribution agreements with AT&T, Cox and Comcast and the restructuring of its Board of Directors. (Photo: http://www.newscom.com/cgi-bin/prnh/19990528/SFF034 )

Cablevision and Excite@Home further agreed to dismiss without prejudice Excite@Home`s claims against Cablevision. The parties look forward to reaching an amicable resolution of this matter. About Excite@Home

Excite@Home is the leading broadband online service provider, offering residential and commercial broadband services, with a global footprint of 105(1) million homes under long-term cable and DSL contract. Excite@Home offers consumers broadband services over cable-modem, DSL and other "last-mile" connections and businesses high-speed commercial services. Excite@Home has over 30(1) million cable franchise homes under contract outside of North America and localized versions of the Excite service in 10 leading international markets.

NOTE: Excite@Home, @Home, Excite and the "@" stylized logo are trademarks of At Home Corporation and may be registered in certain jurisdictions

(1) Effective upon the closing of Excite Chello.

About Cablevision
Cablevision Systems Corporation is one of the nation`s leading entertainment, media and telecommunications companies. In addition to its broadband, cable, Internet and telephone offerings, the company owns and operates Rainbow Media Holdings, Inc. and its networks; Madison Square garden and its teams; Clearview Cinemas and THE WIZ consumer electronics chain. In addition, Cablevision operates New York`s famed Radio City Music Hall.

[fsch]

Ich hoffe, Ihr könnte hier 1 & 1 zusammenzählen und kommt auf mehr als 17,10 Euro?!

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PRESS DIGEST - Wall Street Journal - Aug. 29

NEW YORK, Aug 29 (Reuters) - The following stories were reported in the electronic version of The Wall Street Journal early Tuesday:

*AT&T <T.N> said third-quarter earnings would be about five cents lower than expected, citing the impact of its increased equity stake, to 25 percent, in ExciteAtHome <ATHM.O> and the addition of Excite`s financial results to its own.


Grüße, fs