FROM RB worth remembering - IMO ***---IMPORTANT ALERT TO EDIG INVESTORS---***
Remember that losing investors are ones that buy high and sell low. Winning investors buy good companies and hold. Ask yourself, which are you?
Just in case you forgot why you bought EDIG, here's the facts....
Wednesday April 21, 11:56 AM Eastern time
Company Press Release
e.Digital, Lucent and Texas Instruments Announce Secure Internet Music Download Device
(SAN DIEGO--(BUSINESS WIRE)--April 21. 1999--e.Digital Corp. (OTC:EDIG) announced today that it is working with Lucent Technologies (NYSE: LU) on the development of a new handheld device for listening to downloaded music from the Internet.
The new device, to be manufactured by e.Digital, will use the Lucent Enhanced Perceptual Audio Coder (EPAC(TM)) and employ e.Digital's patented MicroOS(TM) file management system.
The e.Digital device will use a new class of Digital Signal Processors (DSP) manufactured by Texas Instruments (NYSE: TXN). Unlike other handheld devices on the market that play downloadable music using the MP3 format, the e.Digital device will play EPAC files.
"The quality of the sound that we've heard with EPAC on our hardware platform is exceptional," said Fred Falk, CEO of e.Digital. "We know what people want in an Internet music download player great sound in a compact device that's robust and well-priced. We are pleased to team with Lucent and Texas Instruments to provide a high-quality, secure solution for the exploding Internet music market."
"We are taking the current generation of hand-held players to the highest levels of audio quality and design," said Joyce Eastman, director of audio for Lucent's New Ventures Group. "We have produced what we believe will be a solid design for an EPAC player that offers high levels of security with excellent sound quality."
Lucent's New Ventures Group has been developing opportunities for audio technologies developed at Bell Labs, and has been working closely with the music industry. Lucent's New Ventures Group is a founding member of the Secure Digital Music Initiative (SDMI), the worldwide recording industry's effort to develop an open, secure access system for digital music.
"Our new DSP is a new class of processor for a new market," said Gary Johnson, worldwide manager of DSPs for Texas Instruments. "We look forward to further work with Lucent and e.Digital on making our player a success in the market."
EPAC is a new version of the Perceptual Audio Coder(TM) -- developed by Bell Labs, the research and development arm of Lucent -- which is an audio compression algorithm with the highest-quality audio at the lowest bit rates. At 128 kilobits per second and a compression rate of 11 to 1, EPAC offers CD-transparent stereo sound.
e.Digital's patented MicroOS file management system supplies the intelligence for the digital, high-speed portable products market by providing superior functionality. MicroOS offers OEMs the ability to reduce new product development time and features a reduced chip count resulting in lower cost and power requirements.
For more information on EPAC and the e.Digital, Lucent and Texas Instruments secure Internet music download design go to www.lucent.com/press.
Lucent Technologies, headquartered in Murray Hill, N.J., designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronic components. Bell Labs is the research and development arm for the company. For more information on Lucent Technologies, visit the company's web site at www.lucent.com.
e.Digital Corp. offers an engineering partnership for the world's leading electronics companies to link portable digital devices to PCs and the Internet. Engineering services range from the licensing of e.Digital's patented MicroOS(TM) file management system to custom product development and manufacturing services. For more information on the company, visit www.edig.com.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements relating to future revenues and product development that may impact on future results and the future viability of the company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors such as future products and results, technological shifts, using contract manufacturers, potential technical difficulties that could delay new products, competition, pricing pressures and the uncertainty of market acceptance of new products by distributors, OEMs and end-user customers.
Note to Editor: Lucent and EPAC are trademarks or registered trademarks of Lucent Technologies. Texas Instruments is a trademark or registered trademark of Texas Instruments. Other company, product, and service names are the property of their respective owners. |
