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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT: SEPTEMBER 11, 1998
DATE OF EARLIEST EVENT REPORTED: SEPTEMBER 9, 1998
GENERAL INSTRUMENT CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 001-12925 36-4134221
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification
incorporation or Number)
organization)
101 TOURNAMENT DRIVE
HORSHAM, PA 19044
(Address of principal executive
offices)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (215) 323-1000
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Item 5. Other Events.
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On September 9, 1998, General Instrument Corporation, a Delaware
corporation (the "Company"), issued a press release announcing a stock
repurchase program contemplating the repurchase by the Company of up to 10
million shares of its common stock. The press release is filed as Exhibit
99.1 hereto.
Item 7. Financial Statements and Exhibits.
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Exhibit Description
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99.1 Press Release issued September 9, 1998
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on behalf of the
undersigned hereunto duly authorized.
Dated: September 10, 1998.
GENERAL INSTRUMENT CORPORATION
By: /s/ Robert A. Scott
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Robert A. Scott
Senior Vice President, Legal and
Secretary
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EXHIBIT INDEX
Exhibit Description
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99.1 Press Release issued September 9, 1998
Exhibit 99.1
FOR IMMEDIATE RELEASE
MEDIA CONTACT: Sharon Corbitt
Director, Communications
215-323-1873
[email protected]
INVESTOR CONTACT: Dario Santana
VP, Investor Relations
215-323-1213
[email protected]
GENERAL INSTRUMENT CORPORATION ANNOUNCES
10 MILLION SHARE REPURCHASE PROGRAM
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HORSHAM, PA. (SEPTEMBER 9, 1998) -- General Instrument Corporation (NYSE:
GIC) today announced that its Board of Directors has authorized the Company
to repurchase up to 10 million shares of its outstanding common stock.
General Instrument expects such repurchases to be effected from time to
time, in the open market, in private transactions or otherwise, subject to
market conditions. No assurance can be given as to the time period over
which the shares will be repurchased or as to whether and to what extent
the share repurchase will be consummated.
General Instrument Corporation is a leading worldwide provider of
integrated and interactive broadband access solutions, teaming with its
business partners to lead the convergence of the Internet,
telecommunications and video entertainment industries.
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