ATI lands graphics chip deal with US firm; marks first step into new fertile set-top box market
Article Abstract:
ATI Technologies Inc. announced a $187.5-million deal to sell graphics chips and supporting software to General Instrument Corp. The three-year contract, which will minimize ATI's reliance on the personal computer industry, will install ATI's product into General Instrument's set-top boxes. Users could simultaneously view television, use the Web and make telephone calls through the Internet through the set-top device, that depends upon a single cable connection. Experts believe the deal marks a step forward for ATI as it is able to penetrate a market, that shows bright prospects for the graphics chip industry.
Comment:
Announces a $187.5-million deal to sell graphics chips and supporting software to General Instrument Corp
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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AIT division goes on the block
Article Abstract:
AIT Advanced Information Technologies Corp. is seeking a buyer for its security products division in an effort to stem a financial hemorrhage. The company blamed the high cost of operating the division, which markets advanced video surveillance products, for its string of disappointing quarterly results. The company was rumored to be going bankrupt after it postponed the announcement of earning figures for the period ended June 30, 1998. AIT chairman Stephen Sandler, however, denied the rumor and said the announcement was delayed because the board wanted to look a second time at the company's financial report.
Comment:
Is seeking a buyer for its security products division in an effort to stem a financial hemorrhage
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Spar unloads ailing ComStream subsidiary
Article Abstract:
Spar Aerospace Ltd. of Toronto, Ontario, has agreed to sell its struggling ComStream subsidiary to Radyne Corp., a Phoenix, AZ-based manufacturer of high-speed satellite modems, for $17 million. The deal is expected to close by Sept. 30, 1998. ComStream, a San Diego, CA-based satellite communications company, has been eating into Spar's profits and was put on the auction block several times in the past. With the sale, Spar spokesman Stephen McPherson said Spar can now focus on its core businesses of space and aviation. Spar will charge the deal's cost to its third-quarter earnings.
Comment:
Agreed to sell its struggling ComStream subsidiary to Radyne Corp. for $17 mil
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Comment about this article or add new information about this topic:
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