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OpenTV Revenue Drops

Revenue at OpenTV Corp. dropped to $15.3 million during the first quarter,
down from the $18.9 million it reported during the same period last year.

The interactive-TV company narrowed its loss to $20.3 million compared with
$28.2 million last year.

"In the first quarter of 2003, we completed the last significant step in the
restructuring plans we first announced in October of last year," CEO James
Ackerman said in a release.

"Over the past eight months, we have streamlined our operations and focused
our personnel on tasks critical to our success in this environment," he