MSU CORPORATION SIGNS DEAL WITH $2 BILLION COMPANY!!!!
Howdy Gang,
All good things come to those that wait. However,
I see that several members of the forum scooped me on
today's news release, but then hey, I gotta make a
livin' too and that cuts into my net-surfing time.... :0)
Read on for comments from the Waaco Kid:
"For MUCP-watchers, it's not likely to get better than
this ... so whatever the stock runs to from this point
through the coming few days or weeks will very likely be
the top until the next deal comes ...
The announcement this afternoon is that MSU Corp. (MUCP)
on July 7 signed a licensing and manuf. agreement with
Mitac Group, which is probably Taiwan's largest PC
and peripheral manufacturer. ... actually one of
the biggest non-branded companies of its kind in the
world, with 1995 sales revenues of $2 Billion.
Mitac will 'manufacture an internet connecting device
using MSU's proprietary Internet Service Processor
(iSP) chip.' The release says Mitac is anticipating
sales of ONE MILLION UNITS in the first 12 months ,
and production plans are well underway ... expecting
samples by the end of August.
Worldwide product launch this fall with shipments to
the U.S. in time for the year-end holiday season. Agreement
will enable MSU to offer customers a ready packaged
product from a major manufacturer.
As everyone on the internet -- but not the Street --
knows by now, MSU has the netbox that Oracle has only
dreamed of having, and now the proof is in the pudding.
Go, MSU! "
*********************************
And now the news release...
*********************************
Monday July 22 10:56 AM EDT
MSU Announces Major Licensing & Manufacturing
Agreement with Mitac Group
CENTRAL MILTON KEYNES, U.K.--(BUSINESS WIRE)--July 22,1996--
MSU Corp. is pleased to announce that it signed, on
July 7, 1996, a Licensing & Manufacturing Agreement
with Mitac Group, one of Taiwan's largest manufacturers
of personal computers and peripherals, to manufacture
an internet connecting device using MSU's proprietary
Internet Service Processor (ISP) chip.
"We are pleased that Mitac Group chose MSU's proprietary
Internet Service Processor," said Wynford Holloway, Chairman
of the Board of MSU Corporation. "Their stature as one
of the largest PC manufacturers in Taiwan truly validates
our proprietary ISP chip design. Mitac Group is anticipating
sales of one million units in the first twelve months of
production. Production plans are well underway. We are
expecting samples by the end of August. We are preparing
for a worldwide product launch this fall with shipments to
the United States in time for the year-end holiday season.
This Agreement will enable MSU to offer customers a ready
packaged product from a major manufacturer in response to
the tremendous demand for our technology."
Mitac Group's sales revenues in 1995 were US$2 billion.
MSU Corp. designs, licenses and sells proprietary computer
chips and chipsets and other products for use by
internationally known OEM manufacturers of multimedia
consumer and computer products. The Company's Slipstream(R)
chipsets and associated systems are utilized in CD-based
video entertainment and education computer systems
involving full motion and animation, high quality sound,
and interactive capabilities.
CONTACT: MSU Corporation
Keith Hall, 011-44-908-232100
or
FORTE COMMUNICATIONS, Inc.
Patricia A. Meding, 212/785-6300
Fax 212/785-6205
todayinvest@earthlink.net
CompuServe: 76702,2130
And there you have it, at least until the next one..... :0)
Way to go MSU!!!!
Regards,
Ron
The MSU Muse...
reecerd@erols.com |
