n***@nowhere.com
2004-03-02 16:42:04 UTC
[What a waste of bandwidth.]
EchoStar to pay $190 mln to settle TV Guide suit
NEW YORK (Reuters) - Satellite TV provider EchoStar
Communications Corp. said Tuesday it would pay $190 million to license
on-screen program listing technology from Gemstar-TV Guide
International and to settle all outstanding litigation between the two
companies.
Gemstar-TV Guide has been working to resolve a series of
patent-infringement lawsuits against rival versions of its technology
to try to get the company back on track after a series of
disappointments under its old leadership.
As part of the deal, EchoStar plans to launch and carry the TV
Guide Channel on the most widely distributed programming package,
"America's Top 60," on its DISH network.
The two companies agreed to work together to develop a customized
version of TV Guide On Demand.
Gemstar-TV Guide shares gained 9.1 percent on the news in morning
trading on the Nasdaq, jumping 68 cents to $8.18. EchoStar shares fell
67 cents, or 1.8 percent, to $36.65.
--
"Does the player exist in any human endeavour
Who's been known to resist sirens of fame and possessions?
They will destroy you, not rivals, not age, not success."
EchoStar to pay $190 mln to settle TV Guide suit
NEW YORK (Reuters) - Satellite TV provider EchoStar
Communications Corp. said Tuesday it would pay $190 million to license
on-screen program listing technology from Gemstar-TV Guide
International and to settle all outstanding litigation between the two
companies.
Gemstar-TV Guide has been working to resolve a series of
patent-infringement lawsuits against rival versions of its technology
to try to get the company back on track after a series of
disappointments under its old leadership.
As part of the deal, EchoStar plans to launch and carry the TV
Guide Channel on the most widely distributed programming package,
"America's Top 60," on its DISH network.
The two companies agreed to work together to develop a customized
version of TV Guide On Demand.
Gemstar-TV Guide shares gained 9.1 percent on the news in morning
trading on the Nasdaq, jumping 68 cents to $8.18. EchoStar shares fell
67 cents, or 1.8 percent, to $36.65.
--
"Does the player exist in any human endeavour
Who's been known to resist sirens of fame and possessions?
They will destroy you, not rivals, not age, not success."