EX-99
2
sfc168762.txt
EXHIBIT 99.1
Exhibit 99.1
[GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED]
RELEASE
Contact:
Greg Wood Patrick Nguyen Jenni Moyer David Grabert
Chief Financial Officer EVP Corporate Development Comcast Corporation Cox Communications
Liberate Technologies Liberate Technologies Corporate Communications Director of Media Relations
(650) 645-4003 (650) 645-4004 (215) 851--3311 (404) 269-7054
gwood@liberate.com pnguyen@liberate.com jenni_moyer@comcast.com David.Grabert@cox.com
DOUBLE C TECHNOLOGIES, A JOINT VENTURE OF COMCAST AND COX,
COMPLETES PURCHASE OF LIBERATE'S NORTH AMERICAN BUSINESS
SAN MATEO, Calif., April 7, 2005 -- Liberate Technologies (Pink Sheets: LBRT)
and Double C Technologies, LLC, a joint venture majority owned and controlled
by Comcast Corporation (Nasdaq: CMCSA, CMCSK) with a minority investment by
Cox Communications, Inc., today announced the completion of the previously
announced purchase by Double C of substantially all of the North American
assets of Liberate. Liberate received cash consideration of approximately $82
million.
Double C will continue the operation located in London, Ontario, Canada and is
continuing employment for approximately 130 employees. Double C will build
upon the software platform that was acquired to provide a flexible platform
for adding new digital cable products and applications. This flexibility is of
particular importance to Comcast and Cox as digital cable products continue to
evolve and interactive features become more widespread. Double C will operate
under the business name TVWorks.
As a result of the closing of the transaction, the special dividend in the
amount of $2.10 per share of Liberate common stock previously declared by the
Board of Directors of Liberate on March 25, 2005 is now payable to
stockholders of record as of April 4, 2005. In accordance with the NASD rules,
the ex-dividend date will be April 11, 2005.
About Liberate Technologies
Liberate Technologies is a leading provider of software for digital cable
systems. Based on industry standards, Liberate's software enables cable
operators to run multiple services -- including high-definition television,
video on demand, and personal video recorders -- on multiple platforms.
Liberate and the Liberate design are registered trademarks of Liberate
Technologies. Other product names used in association with these registered
trademarks are trademarks of Liberate Technologies.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK) (http://www.comcast.com) is the
nation's leading provider of cable, entertainment and communications products
and services. With 21.5 million cable customers and 7 million high-speed
Internet customers, Comcast is principally involved in the development,
management and operation of broadband cable networks and in the delivery of
programming content.
Comcast's content networks and investments include E! Entertainment
Television, Style Network, The Golf Channel, Outdoor Life Network, G4, AZN
Television, TV One and four Comcast SportsNets. Comcast also has a majority
ownership in Comcast-Spectacor, whose major holdings include the Philadelphia
Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two
large multipurpose arenas in Philadelphia.
About Cox Communications, Inc.
Cox Communications, Inc. (http://www.cox.com) is a multi-service broadband
communications company with approximately 6.6 million total customers,
including approximately 6.3 million basic cable subscribers. The nation's
third-largest cable television provider, Cox offers analog cable television
under the Cox Cable brand as well as digital video service under the Cox
Digital Cable brand. Cox provides an array of other communications and
entertainment services including local and long-distance telephone under the
Cox Digital Telephone brand, high-speed Internet service under the Cox High
Speed Internet brand, video on demand programming under the Entertainment on
Demand brand, digital video recorders, high-definition television and home
networking. Commercial voice and data services are offered via Cox Business
Services. Local cable advertising, promotional opportunities and production
services are sold under the Cox Media brand. Cox is an investor in programming
services including Discovery Communications Inc. Cox Communications is a
wholly-owned subsidiary of Cox Enterprises Inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995
Those statements above that involve expectations or intentions are
forward-looking statements, within the meaning of the U.S. securities laws,
that involve risks and uncertainties and are not guarantees of future
performance. You are cautioned that these statements are only predictions, and
that forward-looking statements are subject to a number of risks, assumptions
and uncertainties that could cause actual results to differ materially from
those projected in such forward-looking statements. These risks, assumptions
and uncertainties include, but are not limited to the risks outlined in the
companies' respective filings with the Securities and Exchange Commission. All
forward-looking statements are only as of the date they are made and each
company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
###

EX - 99 2 sfc168762 . txt EXHIBIT 99 . 1 Exhibit 99 . 1 [ GRAPHIC OMITTED ] [ GRAPHIC OMITTED ] [ GRAPHIC OMITTED ] RELEASE Contact : Greg Wood Patrick Nguyen Jenni Moyer David Grabert Chief Financial Officer EVP Corporate Development Comcast Corporation Cox Communications Liberate Technologies Liberate Technologies Corporate Communications Director of Media Relations ( 650 ) 645 - 4003 ( 650 ) 645 - 4004 ( 215 ) 851 -- 3311 ( 404 ) 269 - 7054 gwood@liberate.com pnguyen@liberate.com jenni_moyer@comcast.com David.Grabert@cox.com DOUBLE C TECHNOLOGIES , A JOINT VENTURE OF COMCAST AND COX , COMPLETES PURCHASE OF LIBERATE ' S NORTH AMERICAN BUSINESS SAN MATEO , Calif . , April 7 , 2005 -- Liberate Technologies ( Pink Sheets : LBRT ) and Double C Technologies , LLC , a joint venture majority owned and controlled by Comcast Corporation ( Nasdaq : CMCSA , CMCSK ) with a minority investment by Cox Communications , Inc . , today announced the completion of the previously announced purchase by Double C of substantially all of the North American assets of Liberate . Liberate received cash consideration of approximately $ 82 million . Double C will continue the operation located in London , Ontario , Canada and is continuing employment for approximately 130 employees . Double C will build upon the software platform that was acquired to provide a flexible platform for adding new digital cable products and applications . This flexibility is of particular importance to Comcast and Cox as digital cable products continue to evolve and interactive features become more widespread . Double C will operate under the business name TVWorks . As a result of the closing of the transaction , the special dividend in the amount of $ 2.10 per share of Liberate common stock previously declared by the Board of Directors of Liberate on March 25 , 2005 is now payable to stockholders of record as of April 4 , 2005 . In accordance with the NASD rules , the ex - dividend date will be April 11 , 2005 . About Liberate Technologies Liberate Technologies is a leading provider of software for digital cable systems . Based on industry standards , Liberate 's software enables cable operators to run multiple services -- including high - definition television , video on demand , and personal video recorders -- on multiple platforms . Liberate and the Liberate design are registered trademarks of Liberate Technologies . Other product names used in association with these registered trademarks are trademarks of Liberate Technologies . About Comcast Corporation Comcast Corporation ( Nasdaq : CMCSA , CMCSK ) ( http://www.comcast.com ) is the nation 's leading provider of cable , entertainment and communications products and services . With 21 . 5 million cable customers and 7 million high - speed Internet customers , Comcast is principally involved in the development , management and operation of broadband cable networks and in the delivery of programming content . Comcast 's content networks and investments include E ! Entertainment Television , Style Network , The Golf Channel , Outdoor Life Network , G4 , AZN Television , TV One and four Comcast SportsNets . Comcast also has a majority ownership in Comcast - Spectacor , whose major holdings include the Philadelphia Flyers NHL hockey team , the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia . About Cox Communications , Inc . Cox Communications , Inc . ( http://www.cox.com ) is a multi - service broadband communications company with approximately 6 . 6 million total customers , including approximately 6 . 3 million basic cable subscribers . The nation 's third - largest cable television provider , Cox offers analog cable television under the Cox Cable brand as well as digital video service under the Cox Digital Cable brand . Cox provides an array of other communications and entertainment services including local and long - distance telephone under the Cox Digital Telephone brand , high - speed Internet service under the Cox High Speed Internet brand , video on demand programming under the Entertainment on Demand brand , digital video recorders , high - definition television and home networking . Commercial voice and data services are offered via Cox Business Services . Local cable advertising , promotional opportunities and production services are sold under the Cox Media brand . Cox is an investor in programming services including Discovery Communications Inc . Cox Communications is a wholly - owned subsidiary of Cox Enterprises Inc . " Safe Harbor " Statement under the Private Securities Litigation Reform Act of 1995 Those statements above that involve expectations or intentions are forward - looking statements , within the meaning of the U . S . securities laws , that involve risks and uncertainties and are not guarantees of future performance . You are cautioned that these statements are only predictions , and that forward - looking statements are subject to a number of risks , assumptions and uncertainties that could cause actual results to differ materially from those projected in such forward - looking statements . These risks , assumptions and uncertainties include , but are not limited to the risks outlined in the companies ' respective filings with the Securities and Exchange Commission . All forward - looking statements are only as of the date they are made and each company disclaims any intention or obligation to update or revise any forward - looking statements , whether as a result of new information , future events or otherwise . # # #
O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.ACQUIRED_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O