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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV

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To: The Atheist who wrote (6285)8/24/1999 11:25:00 AM
From: art slott  Read Replies (1) of 13157
 
Convergence NEXT KILLER APP
by: rpezi (39/M/NJ) 24028 of 24030
fnews.yahoo.com

Aug 24, 1999
Internet: AOL, Excite@Home Gear Up for Next Killer App
Eliot Walsh (8/24/99)

In a rare opportunity to hear the latest digital diktats from two of the Internet's most influential and competitive players, America Online (NYSE:AOL - news) president Bob Pittman and Excite@Home (NASDAQ:ATHM - news) CEO Tom “T.J.” Jermoluk addressed media movers and shakers during two separate sessions of the Digital Household Summit II conference in New York last week.

Both speeches, given last Tuesday and Wednesday morning, respectively, focused on the convergence of television and computers via emerging Internet technology, and heralded the renewal of the companies' race to dominate what they see as the next “killer app.”

How killer, you ask? Paul Kagan Associates estimates that Americans will spend about $70 million on Internet TV in 1999. By 2008, the organization estimates that expenditure to be roughly $7.1 billion.

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Reese spoke at this session with Jermoluk.
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