View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 21, 2006

Motorola buys IPTV technology specialist Tut for $39m

Lake Oswego, Oregon-based Tut said 160 service providers deliver IPTV powered by its digital video distribution technology. However, with the technology in its infancy, Tut has a poor record financial and in its third quarter to September 30, it lost $1.3m, down from $5.6m on revenue that fell 18.1% to $8.2m.

By CBR Staff Writer

Motorola’s $1.15 a share offer is a far cry from the day when Tut held an IPO in 1999 and excitement at the prospects for TV over broadband saw its shares soar by 210% to $60.50 and the first day’s trading. At its peak of $76 shortly after, Tut was worth $880m.

Now Tut’s technology will be folded into Motorola’s digital video delivery systems, which are designed to help service providers deploy video services over IP, ATM, or RF-based network architectures. Motorola said it has deployed 2,060 digital video networks and over 50 million digital video set-top boxes.

In 2005, Tut had to abandon the $24.1m purchase of CoSine Communications Inc after a collapse in its share price. The Motorola deal will raise hopes of a new deal for Cosine, which languishes on the over-the-counter market with a value of $32.8m.

Content from our partners
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer
Financial management can be onerous for CFOs, but new tech is helping lighten the load
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.