Company Press Release Wednesday October 15 12:57 PM EDT
Gateway 2000 and VTEL Announce Product Agreement
AUSTIN, Texas, Oct. 15 /PRNewswire/ -- Gateway 2000(R), Inc., (NYSE:GTW), N. Sioux City, South Dakota, a leading direct marketer of personal computers, and VTEL(R) Corporation, (Nasdaq:VTEL), Austin, Texas, the global leader in the manufacturing of PC-based videoconferencing systems, today announced the signing of an agreement to market a new conferencing product based on Gateway 2000's award winning Destination(TM) PC/TV. The new product will be demonstrated at the Telecon XVII Conference and Trade Show November 5-7 in Anaheim, California.
''It is imperative to VTEL's vision of expanding its leadership position in global visual communications that we form strategic alliances with successful high-profile PC companies such as Gateway 2000,'' said Jerry S. Benson, Jr., VTEL president and chief operating officer. ''The relationship with Gateway will provide customers access to leading edge conferencing solutions at very competitive prices.''
According to VTEL and Gateway officials, the new product combines VTEL's innovative multimedia videoconferencing technology with Gateway 2000's Custom Integration Services (CIS) expertise in hardware and software integration, build-to-order manufacturing and centralized shipping.
''Gateway is excited about the opportunity to access VTEL's inherently strong markets of distance learning, healthcare, manufacturing and finance using Gateway's award-winning PC platforms,'' said Bill Shea, vice president of global accounts, Gateway 2000.
Gateway, a Fortune 500 company founded in 1985, is a leading global direct marketer of PC products. The company, headquartered in North Sioux City, South Dakota, has manufacturing facilities in the United States, Ireland and Malaysia and employs over 10,000 people worldwide. Gateway products and services consistently win top awards from leading industry publications. In 1996, the company shipped 1.9 million systems and reported revenues of $5 billion. Revenue for the first quarter of 1997 was $1.4 billion with net income of $67.5 million.
VTEL Corporation is the world's largest developer and manufacturer of PC- based interactive visual communications systems. VTEL's innovative family of products provide superior video, data and voice quality, are simple-to-use, IP addressable, and because they are PC-based, highly scaleable and easily upgradeable. Headquartered in Austin, Texas, the company distributes products through value-added resellers and partners in 54 countries. VTEL is committed to expanding its leadership position by providing the world's most innovative video networking solutions. VTEL's interactive visual communications systems are deployed in the most advanced corporations, healthcare facilities, educational institutions, and government operations around the globe.
VTEL is a registered trademark of VTEL Corporation. Gateway 2000 is a registered trademark of Gateway 2000, Inc. Destination is a trademark of Gateway 2000, Inc.
VTEL Website: www.vtel.com
Gateway Website: www.gateway.com
SOURCE VTEL Corporation |
