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and he is our guest for this edition of the communicators. what happened 25 years ago and what happened and what was your role? marc: what happened was essentially the birth of digital television. more exactly of what that is, because it is a little confusing. but i was working for a company called general instrument based here in san diego. as it was known, was a technology conglomerate with headquarters in new york city. and one of the divisions was based here in san diego. and we were in the satellite and cable tv business. that s what led to the convention of digital television. of that was that our leaders were pioneers and pioneers in digital communications technology. the time wasat growing rapidly. we were encrypting the satellite tv signals of virtually all the u.s. content providers in the united states, such as hbo and cnn and espn and so on. that was still in the age of analog tv. note sincetant to its origins in world war i and world war ii last entry ....
a new book called televisionaries and he is our guest for this edition of the communicators. what happened 25 years ago and what was your role? guest: what happened 25 years ago was essentially the birth of digital television and will get more into exactly what that is because it s a little confusing. but i was whatever company called general instrument based in san diego and general instrument, or g.i. as it was known, was a technology conglomerate with headquarters in new york city. and one of the divisions was based here in san diego. and we were in the satellite and cable tv business. and that s what eventually led to the conception and invention of digital television. the background of that was our leaders at g.i. in san diego were pioneers in digital communications acknowledge. our business at the time was going very rapidly. we were encrypting the satellite tv signals of virtually all the u.s. content providers in the united states, such as hbo and cnn and ....
territory. the spotlight is obviously on greece. the march toward defult continues as they plan an emergency meeting for monday and long time twitter investor not so happy with the changes at the top. calling the ceo transition sloppy and confusing. but first up a tale of two markets. in the u.s. the nasdaq is aiming for a record high and the shanghai deposit sliding into correction territory. the worst week almost back to leemen october of 08. there was a tremendous number of people who signed up to have accounts. they were signing up millions on people self-directed accounts during the first months of the year who weren t very savvy, just throwing money at the market. they had some margin there and that surprised people. the main thing is that there s i think an undercurrent in china. we saw it from hershey. there s a big change in the economy. they re trying to crack down on bribery. it s almost like gift giving of chocolate is down. this economy is influx over th ....
finally the weekend that the greek today ma reaches its final act? michelle caruso-cabrera has this hour s top story and she is liveslive from athens. reporter: yes, today the european central bank extended liquidity to the greek banks. we don t know exactly how much but we are led to believe that it is enough to get the greek banks through monday. what does this mean? that means if you are a greek living in greece and you have depos hits here and you with a nt to withdraw money out of the atms over the weekend there will be enough cash to get your money out presumably through monday. why through monday? there s a big meeting on monday. two actually. finance ministers will meet again on monday afternoon. roughly 9:00 a.m. new york time. then there will be a meeting of all the european leaders in the evening to try to come up with some kind of solution for greece. the solution would be greece does some set of reforms and, in exchange, they get an injection of a little ....
china overnight, some pressure in the u.s. concerns about greece. dow is down 91 points. s&p down 0.5%. nasdaq which made a record run this week, giving up about 16 points. 5116. let s start with big movers to the up side. a number of initial public offerings heating up today s market action. bob pisani has been watching them. we had excitement yesterday with fitbit. we ve got two today changing things. the disappointment is mind body. wellness industry software priced at $14. almost immediately broke the syndicate bid. that is not a good sign. drifting to lows today. that is a disappointment. on the plus side restaurants are are hot. wingstop is up 55% from its initial price. bojangles up 28%. next week we ll have the biggest week of the year. 14 ipos, north of $2 billion raised. the biggest will be trans union the credit counseling firm. four health care companies, three cloud-based companies, knee three energy companies. why is it heating up? the markets are hold ....