Someone out there definitely accumulated PCTL today.
How did you know there were some meetings today with
fund managers?
BTW, this news was released this morning:
ANDOVER, Mass. and SAN MATEO, Calif., Nov. 13 /PRNewswire/ -- PictureTel
Corporation (Nasdaq: PCTL), the world leader in videoconferencing
technologies, and Connectix Corporation, producer of the leading desktop
videoconferencing product, today announced a strategic partnership to
integrate PictureTel's LivePhone technology the next version of Connectix
VideoPhone software. This partnership enables H.324 standards-based
videoconferencing over analog -- or POTS -- telephone lines using Connectix
VideoPhone and QuickCam products for PCs running Windows 95(R) and also for
Macintosh computers running the MacOS.
"PictureTel is committed to bringing the advantages of our full line of
desktop videoconferencing solutions to new customers," said David Andonian,
Vice President of PictureTel's Personal Systems Division. "This alliance with
Connectix enables us to introduce new customers to PictureTel's industry-
leading technology. The combination of Connectix' low-cost retail sales
strategy with PictureTel's high-quality POTS product is unmatched anywhere in
the industry."
This agreement also marks the first time a PictureTel desktop
videoconferencing solution will operate on the Macintosh platform. Connectix
VideoPhone uses Apple's QuickTime Conferencing on the Macintosh, and Connectix
is integrating PictureTel's LivePhone technology to work with Apple's
videoconferencing technology.
"We are pleased that PictureTel and Connectix are making this commitment
to MacOS and QuickTime Conferencing," said Carlos Montalvo, Apple Vice
President Interactive Media Group. "Apple will work closely with these market
leaders in their support of the Macintosh platforms, to the benefit of our
mutual customers."
PictureTel LivePhone is a software-only product that operates over the
traditional, analog telephone lines that are in every business and home.
LivePhone is based on the International Telecommunications Unions H.324
standard for videoconferencing over analog telephone lines. It is targeted to
the consumer and small business markets, where videoconferencing systems that
operate over digital telephone lines are not widely used.
Connectix VideoPhone is the leading desktop videoconferencing product sold
through retail channels (source: TeleSpan), and one of only a handful of
products that work on both PCs and Macintosh computers over telephone lines.
Integrating PictureTel's LivePhone technology brings two market leaders
together to create a product that will have precedent-setting performance,
compatibility and ease of use.
"Connectix seeks to create products with leading-edge technology that
provide tangible, unique benefits to users," said Roy McDonald, Connectix
President and CEO. "Our strategic partnership brings together PictureTel's
industry-leading standards-based technology with our award-winning consumer
products. Connectix has delivered over a half million QuickCams, now we can
link them to business users worldwide." |
