Liberate Technologies, Inc. (Nasdaq: LBRT) gained 7/16 to 29 1/8 Thursday after the company said AT&T Corp. (NYSE: T) will use Liberate’s software in interactive television set-top boxes.
AT&T will use the software in pilot tests beginning later this year. If the trials are successful, the boxes will be distributed commercially.
“Liberate’s software and experienced team will help us bring advanced interactive television services to our customers,” said Daniel E. Somers, president and chief executive officer of AT&T Broadband.
Liberate software will also be used by America Online in its AOLTV interactive television service.