Tom Barry wrote: > That is why I wrote there might be Linx trouble back when they were > purchased. I don't remember the figure but the purchase price seemed > very low at the time for someone with a new technology that > might have > given DTV reception to Mark's apartment. That plum belongs to Zenith > now. I'm still guessing there is trouble in Linxville though > I have no idea what. Me neither. But isn't that what a lot of startup companies do these days? They get some niche product that's very clever, only to sell out to a bigger company? It seems to be the goal all along, to sell to a big guy. The price was $26M. Don't know if that is considered low or not for this product category. As far as I'm concerned, Linx gets a lot of credit for proving that this could be done. LG will come to market first, but in my mind they will always be the second guys to achieve a viable design. I'm sure plenty of others will follow, with marginal improvements on these designs. The press release is below. Bert ------------------------------- http://www.micronas.com 0409 - 05/14/04 Micronas Expands Into HDTV Market With Acquisition of LINX Electronics Micronas To Provide Best-In-Class ATSC Receiver Technology Zurich, Switzerland, May 14, 2004 - Micronas today announced that it has signed an agreement to acquire LINX Electronics, Inc., a fabless semiconductor company that develops innovative digital television solutions for improved reception of high-definition television (HDTV) signals. This transaction, which is expected to be completed in June 2004, will enable Micronas to further expand its comprehensive TV system solutions portfolio. The purchase price of approximately USD 26 million will be paid in cash and Micronas' shares. Chicago-based LINX Electronics employs a highly acclaimed HDTV technology team of about 20 engineers and brings complementary technology to Micronas. The purchase includes all development activities and patents held by LINX Electronics. "With this acquisition we have taken another decisive step forward in our digital TV business, strengthening our position in the TV market and providing increased value and services for our customers," said Micronas' vice president consumer products unit, Hans-Juergen D=E9sor. "Our existing strength in Digital Video Broadcast (DVB) technology, combined with the expertise gained with this acquisition, puts us in the excellent position to shape the era of global migration from analog to digital TV." "HDTV is a reality now! Our technology enables an exciting new TV experience," explained Wayne Li, co-founder of LINX Electronics. "As part of the Micronas Group, we will be able to better serve these markets by offering manufacturers innovative and comprehensive system solutions for their future applications." Since the late 1980s, the global economic superpowers have been in a race to bring digital TV to the consumer market. Three international standards have been created: US-ATSC (Advanced Television Systems Committee), Europe-DVB (Digital Video Broadcast), and Japan-ISDB (Integrated Services Digital Broadcasting). The US is currently the largest HDTV market, with deployment accelerating due to a phase-in plan mandated by the US Federal Communications Commission (FCC) requiring TV manufacturers to integrate digital TV tuners into nearly all their TV products by 2007. LINX Electronics has developed a breakthrough ATSC compliant receiver technology that delivers superior reception to more consumers. Typical applications include HDTVs, set-top boxes, personal video recorders (PVRs), DVD recorders as well as PC tuner cards. LINX Electronics has a solid background in addressing new digital TV broadcasting formats. Safe Harbor Statement: This press release contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events. These statements and all other statements that are not historical facts are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The reader is cautioned not to put undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to a number of uncertainties and other factors, many of which are outside the control of LINX and Micronas. ---------------------------------------------------------------------- You can UNSUBSCRIBE from the OpenDTV list in two ways: - Using the UNSUBSCRIBE command in your user configuration settings at FreeLists.org - By sending a message to: opendtv-request@xxxxxxxxxxxxx with the word unsubscribe in the subject line.