Liberate Ties Up With Charter
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Liberate Technologies scored a significant win in the hotly-contested interactive television (i-TV) middleware market Thursday by winning an agreement to supply its interactive platform to Charter Communications.
Charter will include the platform in set-top boxes that it will distribute to its customers throughout the U.S. The distribution of the new set-tops will begin in St. Louis, where Liberate and Charter already have started a pilot program.
The two companies will work with digeo, inc., Charter's interactive services provider, to deliver the services to subscribers.
Liberate is locked in battle with Microsoft, OpenTV and PowerTV to supply cable operators and set-top vendors with middleware that allows Net access and interactivity.
Despite the deal, Liberate said it wouldn't change its revenue targets or its prediction that it would be profitable in its 2003 fiscal year. It said it expected revenues of between $14.5 million and $15 million in the fourth quarter of fiscal year 2001, which will end on May 31. It expected revenues for the entire fiscal year to be between $50.1 million and $50.6 million, compared to $28 million for the previous year.