SPYG does a deal with SONY...huge endorsement for SPYG:
Thursday March 2 10:57 AM ET
Sony Licenses Spyglass Browser for Set-Top Box
NAPERVILLE, Ill. (Reuters) - Sony Electronics Inc. has licensed Spyglass Inc.'s (NasdaqNM:SPYG - news) browser technology for use in digital cable set-top boxes, Spyglass said on Thursday.
The news sent shares in Spyglass, an Internet consultant and software provider, soaring to a 52-week high in morning trade on the Nasdaq stock market. The shares were up 8 at 75 after reaching as high as 75 1/2 earlier in the session.
The deal with Sony expands a licensing and professional services agreement announced last April, Spyglass said.
Set-top boxes sit atop televisions and are used to send and receive data for high-speed services such as Internet access, interactive games and video-on-demand.
Naperville, Ill.-based Spyglass said Sony had licensed Spyglass Device Mosaic, an embedded Web browser; Spyglass Device Mail, an embedded e-mail system; Spyglass MicroServer, a Web server; and consulting from the Spyglass Professional Services group, which is focused on planning, designing and implementing Internet systems.
``This significant and material announcement is a strong endorsement of Spyglass products as well as our solutions-based business model for the interactive television market,' Doug Colbeth, chairman and chief executive of Spyglass, said in a statement. |
