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Technology Stocks : Cornerstone Imaging (CRNR)

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To: Al Klein who wrote (263)6/25/1997 6:23:00 PM
From: kech   of 430
 
Al - Very interesting about TWAIN. Is there an alternative group behind Cornerstone or do you see everyone eventually jumping to Open Standards. Also, I just saw this articel about HP and imaging. They didn't mention CRNR but if anyone knows of any possible impact for CRNR please explain.

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NEW YORK--(BUSINESS WIRE)--June 25, 1997--Global technology
leader Hewlett-Packard Company today unveiled its Internet-imaging
initiative -- comprising advanced technologies, products and services
-- which the company expects will revolutionize the way people
communicate, collaborate and conduct business over the Internet. The
initiative brings together the components of an end-to-end solution
that will make it easy for businesses and consumers to create, scan,
edit, store, share, print and transmit photo-quality images online.
HP showcased these components for an audience of several hundred
business leaders, ranging from Web designers and Internet service
providers, to art directors and retailers, here at Pier 59 Studios,
the world's largest photography studio.
According to Lewis E. Platt, HP chairman, president and chief
executive officer, "HP is reshaping the way the world will work with
digital images and how businesses and individuals will incorporate
digital images into their daily lives. Consumers take more than 60
billion photographs annually, so the Internet-imaging market could
potentially be enormous."
HP is well-positioned to build an integrated infrastructure of
imaging products and services to accelerate the flow and use of
images over the Internet. Just as HP transformed the
computer-document printing paradigm from dot-matrix to affordable
high-quality printing, it is now implementing its vision of an
infrastructure for Internet imaging that will enhance how people
live, work and play.

HP'S INTERNET-IMAGING INITIATIVE

HP's Internet-imaging initiative encompasses an integrated family
of imaging products and services that can take the wealth of images
and photos in existence and put them on the Internet. This
initiative makes creating images and enhancing communications and
commerce with high-quality images on the Internet a reality. HP's
Internet-imaging initiative's key strategic thrusts include Web
photography and the Imaging for Internet Developers Program.
Web photography will allow consumers and businesses to have
access to image content from multiple sources from multiple
locations, such as homes, kiosks in malls and image service
providers. To create the bridge from conventional photography to PC
digital imaging to Web photography, HP also announced the following
partnerships:
*T
-- HP and PictureVision will work together to grow the
market for digital photofinishing and other
vertical-market applications. In doing so,
PictureVision will integrate its PhotoNet service into
HP's Imaging for Internet architecture and product
offerings.

-- HP and PhotoDisc will work together to allow users to
drag and drop images easily and quickly from the
Internet to build custom brochures and datasheets.
*T
HP's Imaging for Internet Developer Program for third-party
developers will accelerate the creation of open, digital-imaging
applications that create consumer and business value. HP will drive
this program to educate, motivate and cooperate with solutions and
Web developers in using HP's Internet-imaging technologies and
products. HP's open architecture allows for easy integration of
image processing applications with databases, e-commerce and
transaction-based applications.
Leveraging its strength in computing, peripherals, systems and
Internet technologies, HP is building its comprehensive
Internet-imaging initiative on an integrated family of products and
services, including the following:
*T
-- HP PhotoSmart PC Photography suite -- includes
everything necessary for creating real photos at home --
a digital camera, photo scanner and photo printer.

-- HP Imaging for Internet technology -- will enable
digital images to be rapidly transmitted, downloaded and
printed from the Internet, regardless of computer memory
or speed limitation. This removes creative and
technology barriers from how artists, designers,
photojournalists and home users work with digital
images. Imaging for Internet fully engages all existing
file formats, such as FlashPix and JPEG, to serve
tile-based images.

-- HP image servers and image-enabled clients --
incorporate Imaging for Internet technology.
"As digital imaging for the Internet becomes ubiquitous,
businesses and consumers will find ever more imaginative ways to
benefit from it," said Richard E. Belluzzo, HP executive vice
president and general manager of the Computer Organization. "HP is
at the forefront of this digital world, creating imaging and Internet
technology that truly enhance the quality of communication across the
globe."

ADVANCED INTERNET IMAGES FOR BUSINESSES AND CONSUMERS

-- Unprecedented speed in shooting, retouching and
producing high-quality fashion images for magazines,
catalogs and ads.

-- Virtual real-time creation and transmission of news
photos as fast as the news happens.

-- Images for instant, collaborative diagnoses by
physicians around the globe.

-- Web-site galleries, providing museum-quality art images
to anyone, anywhere, anytime.

-- Electronic photo albums and "real-time" photos, linking
far-flung families and bringing communities together.

-- Ability to print customized, image-rich brochures for
making travel and purchasing decisions.

-- Image detail allowing online shoppers to examine the
weave of a fabric, the pattern detail on a piece of
china.
*T
ABOUT HP

HP is the official information-technology hardware and
maintenance supplier to the 1998 World Cup soccer tournament.
HP is a leading global provider of computing, Internet and
intranet solutions, services, communications products and measurement
solutions, all of which are recognized for excellence in quality and
support. HP has 114,600 employees and had revenue of $38.4 billion
in its 1996 fiscal year.
Information about HP's Internet-imaging technology can be found
on the World Wide Web at image.hp.com. A simultaneous
Web-cast of the event will take place at 6:30 p.m. EDT at
hp.com .
Information about HP and its products can be found on the World
Wide Web at http
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