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Technology Stocks : Paul Allen's Wired World

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To: KLP who wrote (332)3/8/2000 9:32:00 PM
From: KLP   of 361
 
Here's a 1992 (no typo) news release that I just found in my files and typed here for you... Some things change a lot, Some things never seem to change (like being tight lipped....).....Thought you would find this little bit of info interesting....
KLP
Maybe #333 is good luck....

Seattle Times
July 29, 1992 Wednesday page D9
TWO ALLEN FIRMS QUIETLY SET UP SHOP

Vulcan NW Inc. and Starwave Corp are affiliated with Asymetric Corp, Paul Allen?s first venture on his own after he and a small group of computer wizards set up Microsoft in the early 1980?s.

By Scott Williams, ST East Bureau

Bellevue

Two of Paul Allens latest companies - both small and both secretive ? have quietly set up operations in one of the Eastside?s newest buildings. The two - Vulcan NW Inc. and Starwave Corp - have moved in, shoulder-to-shoulder, on the 4th floor (named building and location in Eastgate*).
Both are affliated with Asymetrix Corp, *, Allen?s first venture on his own after he and a small group of computer wizards set up Microsoft in the early 1980?s. Allen is now estimated to be worth more than $1.5 billion.

Although Vulcan NW Inc. has been around for about two years, it remains relatively unknown to outsiders.

The company handles investments for Allen, Asymetrix, Starwave, and other Allen ventures, many of them in technology fields. Many of its decisions are made by its president, William Savoy.

While reticent to give details about Vulcan, Savoy acknowledged that Vulcan, with a growing staff of about 15 employees, has signed a lease for 3,500 sq feet in the (*names building).

The second company is Starwave Corp, Allen?s newest high tech venture. Although Starwave?s start-up is an open secret in the technology community, the company remains tight-lipped about it?s plans. Steve Wood, a former Asymetrix VP who is launching Starwave, will only say the compan will be involved in "on-line information delivery."

A formal announcement of Starwave?s existance was planned for this spring,, but Wood said news leaks made the announcement unnecessary. However, he adds that the company has decided to wait until its business plan is more complete and its technology is closer to becoming a reality before setting an official launch date.

"Too many people announce ?vaporware? products" or products that never materialize, he said. "It?s not that we?re trying to be a Stealth company. It?s just that we?re waiting ?till we have something definite to talk about."

Starwave, with eight employees, has moved to 6,500 sq ft (*mentions location).

Its offices, and those of Vulcan, give little hint of their business purpose. Their walls are largely bare; their presence is announced simply by computer printouts bearing the company names taped to their front doors. And, on the wall of the five-story building?s lobby, only a modest, inch-high nameplate identifies them on the tenant roster.

Wood says the price for the offices, while higher than buildings faarther out I-90, was competitive with central Bellevue. The "big disadvantage" to downtown is parking. What there is of it is "too expensive", he said.

KLP note??*--the actual article mentions locations. Also Starwave entered forces with Buena Vista Internet Group, and they in turn combined forces with Infoseek and Disney. Asymetrix recently changed its name to Click2learn (CLKS).

starwave.com

April 1997 - Starwave entered into two partnerships with Buena Vista Internet
Group...(Disney, etc.)
June 18, 1998
Disney and Infoseek seek to combine forces on the Internet

zdnet.com
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