New D1 card in the future?.........
Quote from Yahoo Financial News:
Press Release Source: DIRECTV, Inc.
DIRECTV and NDS Announce Stay in Litigation
Tuesday August 5, 12:01 pm ET
EL SEGUNDO, Calif. & LONDON--(BUSINESS WIRE)--Aug. 5, 2003--DIRECTV, Inc. and NDS Group plc announced today that they have agreed to stay the litigation between them pending in the U.S. District Court in Los Angeles, Calif. The stay will continue until the anticipated closing of the acquisition by NDS' parent company, The News Corporation Limited, of 34 percent of DIRECTV's parent company, Hughes Electronics Corporation. The acquisition is currently undergoing regulatory review and is expected to close by year-end, upon which the litigation and all claims and counterclaims alleged therein, will be dismissed with prejudice.
The companies further announced that DIRECTV will begin deploying a new conditional access viewing card, known as the D1 card, which contains technology contributed by both DIRECTV and NDS. NDS and DIRECTV have also agreed to discuss plans for future generations of conditional access viewing cards to be used by DIRECTV.
In connection with their agreement to stay the litigation, the parties have entered into specified commercial arrangements, which include resolving outstanding payment issues with respect to the P4 and D1 viewing cards.
About DIRECTV
DIRECTV is the nation's leading digital multichannel television service provider with more than 11.5 million customers. DIRECTV and the Cyclone Design logo are trademarks of DIRECTV, Inc., a unit of Hughes Electronics Corp. HUGHES is the world-leading provider of digital television entertainment, broadband satellite networks and services, and global video and data broadcasting.
About NDS
NDS Group plc (NASDAQ: NNDS - News; NASDAQ Europe: NNDS) is a leading supplier of open end-to-end digital pay TV solutions for the secure delivery of entertainment and information to television set-top boxes and IP devices.
Quote from Yahoo Financial News:
Press Release Source: DIRECTV, Inc.
DIRECTV and NDS Announce Stay in Litigation
Tuesday August 5, 12:01 pm ET
EL SEGUNDO, Calif. & LONDON--(BUSINESS WIRE)--Aug. 5, 2003--DIRECTV, Inc. and NDS Group plc announced today that they have agreed to stay the litigation between them pending in the U.S. District Court in Los Angeles, Calif. The stay will continue until the anticipated closing of the acquisition by NDS' parent company, The News Corporation Limited, of 34 percent of DIRECTV's parent company, Hughes Electronics Corporation. The acquisition is currently undergoing regulatory review and is expected to close by year-end, upon which the litigation and all claims and counterclaims alleged therein, will be dismissed with prejudice.
The companies further announced that DIRECTV will begin deploying a new conditional access viewing card, known as the D1 card, which contains technology contributed by both DIRECTV and NDS. NDS and DIRECTV have also agreed to discuss plans for future generations of conditional access viewing cards to be used by DIRECTV.
In connection with their agreement to stay the litigation, the parties have entered into specified commercial arrangements, which include resolving outstanding payment issues with respect to the P4 and D1 viewing cards.
About DIRECTV
DIRECTV is the nation's leading digital multichannel television service provider with more than 11.5 million customers. DIRECTV and the Cyclone Design logo are trademarks of DIRECTV, Inc., a unit of Hughes Electronics Corp. HUGHES is the world-leading provider of digital television entertainment, broadband satellite networks and services, and global video and data broadcasting.
About NDS
NDS Group plc (NASDAQ: NNDS - News; NASDAQ Europe: NNDS) is a leading supplier of open end-to-end digital pay TV solutions for the secure delivery of entertainment and information to television set-top boxes and IP devices.
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