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Motorola, Gemstar in Licensing Pact

October 17, 2000|Reuters

Gemstar-TV Guide International Inc., provider of program guides for television, said Motorola Inc. has licensed Gemstar's technology to use in making interactive guides. In a $200-million pact that moves Gemstar closer to its goal of becoming a portal for interactive television, company officials said they had resolved all outstanding patent litigation and arbitration issues with Motorola, which had fought Gemstar's emerging dominance in the field. The agreementputs Gemstar's patented technology into Motorola's hands for use in making electronic equipment to provide interactive services via TV sets, ranging from television schedules to advertising and ultimately e-commerce. Gemstar-TV Guide shares rose 13 cents to close at $65.75 on Nasdaq, while Motorola shares were up 25 cents at $22.38 on the New York Stock Exchange.

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