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Gemstar TV-Guide International scored a partnership with consumer electronics manufacturer Thomson multimedia, the company best known for its interactive program guide (IPG) technology announced Wednesday.

Gemstar Chairman and CEO Henry Yuen said the company's deal with Thomson covers licensing of its IPG for inclusion in Thomson products, including satellite TV and cable set-top boxes sold worldwide.

In addition to Thomson, Yuen said Gemstar inked a joint venture with Nielsen Media Research.

In a conference call detailing first quarter results, Yuen addressed past allegations that Gemstar recognized licensing revenue from Scientific Atlanta, though the company is suing the cable set-top box maker and based the money stream on expecting to accrue revenues after the case. Yuen said that "perception is incorrect" and "accusations that we are not applying the correct accounting standards is unwarranted."

Gemstar also is suing EchoStar and Pioneer, claiming that the companies and Scientific Atlanta are infringing on its IPG patents. Yuen said Gemstar isn't taking into account any revenues from the two companies, yet outside of that statement he didn't mention any details about the lawsuit.

Yuen also didn't address EchoStar's impact on the Thomson deal, due to the pending litigation. Earlier this year, Thomson signed a set-top box deal with EchoStar, and Thomson is a leading supplier of set-top boxes for DirecTV, which is merging with EchoStar.

Gemstar and the three companies expect a decision in a patent infringement case at the International Trade Commission to be handed down next month.

Gemstar reported first quarter consolidated EBITDA of $102.1 million, down from consolidated EBITDA of $120 million reported during the same period in 2001. The company reported a loss of $20.2 million for the first quarter, compared to a net loss of $123.2 million reported for the same period in 2001.

From SkyReport (Used with Permission)
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