Microsoft in Canadian cable dealMicrosoft Corp. said...

BUSINEESS DIGEST

May 25, 1994

Microsoft in Canadian cable deal

Microsoft Corp. said yesterday that it had signed a letter of intent with Rogers Cablesystems Ltd., Canada's largest cable television company, to provide software for an interactive cable system that will be deployed in the first half of 1996.

Microsoft, based in Redmond, Wash., has announced a similar relationship with Tele-Communications Inc., the largest U.S. cable system.

PHN to insure GU workers

The Preferred Health Network, a Baltimore managed-care company, announced yesterday that it is expanding into Washington with a contract to provide care for 6,000 Georgetown University employees. PHN insures 45,000 people, including employees of seven Baltimore hospitals.

Senate panel OKs Blinder

The nomination of economist Alan Blinder to the Federal Reserve Board was approved 15-0 by the Senate Banking Committee yesterday. Confirmation by the full Senate is expected this week.

Mr. Blinder, now a member of the White House Council of Economic Advisers, would become vice chairman of the seven-member Fed board.

Martek enters research deal

Martek Biosciences Corp. said it reached a royalty-bearing research agreement with Genetics Institute Inc. to develop new drugs using Martek's proprietary drug design technology.

Columbia-based Martek's agreement is the first with a commercial drug developer using its Celtone M technology, which determines the three-dimensional structure of human proteins using nuclear magnetic resonance.

Wygod resigns at Merck

Martin J. Wygod, a health care entrepreneur who sold his Medco Containment Services to Merck & Co. last year for $6.6 billion, resigned yesterday as a director and senior executive of Merck to return to his specialty of deal-making and building small companies.

Until he bowed out of consideration late last month, Mr. Wygod, 54, had been widely regarded as the heir apparent to Dr. P. Roy Vagelos, the chairman, chief executive and president of Merck, who plans to retire on Nov. 1.

PRC wins federal contract

PRC, a unit of the Black & Decker Corp., has won a five-year, $97 million contract to provide logistics and engineering support services to U.S. attack warning and space surveillance systems. PRC, based in McLean, Va., provides information systems and

services to government and commercial clients.

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