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Article: GI goes under the knife. (General Instrument Corp. to split into three separate companies)(Brief Article)
- Article from:
- Broadcasting & Cable
- Article date:
- January 13, 1997
- Author:
CopyrightCOPYRIGHT 1997 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It will split into three companies: NextLevel Systems, CommScope and General Semiconductor
Cable equipment manufacturer General Instrument is restructuring itself into three separate, publicly traded companies that will focus on three core areas in a rapidly growing telecommunications industry.
The company will align its core businesses of settop boxes, satellite equipment and cable modems into NextLevel Systems, which has projected 1996 revenues of roughly $1.7 billion. That company will combine GI's Communications divisions, in Hatboro, Pa., and San Diego, and its Rohnert Park, Calif.-based NextLevel Communications subsidiary, and will be based in ...
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