Sector Update: Technology Shares Higher; Rovi up 1% On New Video Service

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Technology shares are higher in pre-bell trading. Rovi Corporation ( ROVI ) shares are up 1% after it said STM Holdings Limited has chosen DivX Video Service to power its new video-on-demand service in China.

As part of the licensing agreement STM will use DivX Plus Streaming, Rovi's streaming format with DivX DRM, as well as Rovi TotalCode, a video encoding solution. These solutions will initially be deployed to power a new STM service that will offer access to video entertainment in over 20,000 internet cafes in Greater China.



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This article appears in: Investing , Commodities

Referenced Stocks: ROVI

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