Media Industry
Industry: Email Alert RSS FeedZenith rides crest of modem mania. (Zenith Electronics Corp. products to be used in cable boxes)(Telemedia Week)(Brief Article)
Broadcasting & Cable, May, 1996 by Tedesco, Richard
The troubled financial fortunes of Zenith Electronics Corp. seemed dispelled last week on the strength of its place in the cable modem sweepstakes.
Zenith's stock shot up more than seven points in one day because suddenly it was being perceived as an Internet stock rather than the TV set manufacturer it has been.
The big news was a deal with U.S. Robotics that Zenith had announced the week before. It represented a recasting of Zenith's existing cable modems in a configuration that will include a telephone return path. Zenith's HomeWorks universal modem will be twinned with U.S. Robotics' Total Control Enterprise Network Hub for deployment in one-way cable systems that otherwise would not be capable of accommodating Internet access via cable modem....
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