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General Instrument said it would receive about $50 million for its stake.
A more general instrument (not addressing young people however) was signed in 1990.
General Instrument will function as the majority shareholder in the new company.
General Instrument's shares rose on expectations that a new offer for the company might be made.
General Instrument had $2 billion in revenue last year.
The big loser, it may turn out, could be General Instruments.
More than 40 subscription program services use the General Instruments system.
I've spent half to two-thirds of my time on General Instrument in the last 18 months.
But more than 60 percent of General Instrument's $2.7 billion in sales come from the cable industry.
General Instrument might benefit in other ways, however.
But going into late 1997 it was still unclear whether the industry would embrace General Instrument's approach.
The screen went blank, and Reis decided to try a general instrument display.
He continued to serve as a director of General Instrument and retained a consulting role until his death.
General Instrument executives say the company will not make television sets, but hopes to collect royalties from those who do.
That compares with operating earnings growth of 20 to 25 percent for the current General Instrument.
A General Instruments system has also become the standard for sending scrambled signals to homes.
General Instrument is a New York company that makes equipment for the cable television industry.
Not surprisingly, competitors maintain that their systems are superior to General Instrument's.
However, General Instrument had underestimated demand, and there were severe shortages.
General Instruments says it must therefore try to make its signals more secure, but also protect customers using its existing system.
At this point, only General Instrument has produced a detailed all-digital proposal.
General Instrument was not even expected to enter the standards competition because it does not make television sets or broadcasting equipment.
He later served as chief executive and chairman of General Instruments, the cable and television company.
In the first place, the letter r; appears to me to be the general instrument expressing all motion (kinesis).
Shapp sold the company to General Instrument in 1967.