News after today's close: Phoenix BIOS System Software Selected by IBM for PC Products:
Tuesday January 13, 5:16 pm Eastern Time
Company Press Release
Phoenix BIOS System Software Selected by IBM for PC Products
SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 13, 1998--Phoenix Technologies
Ltd. (NASDAQ:PTEC - news) -- the leading supplier of standards-based
compatibility software for the PC industry, announced today that it has
entered into a technology licensing agreement with IBM.
Under the terms of the agreement, IBM will use Phoenix BIOS 4.0 core
technology in the development of IBM BIOS and firmware for a range of
its PC computer systems.
''We are delighted to be working with a recognized industry leader in
BIOS software,'' said Michael Jackman, vice president of systems and
technology for the IBM PC Company. ''Adding IBM technology to the
Phoenix standard core technology will help focus our development
investment in product differentiation, providing additional value to our
customers.''
''This agreement represents a major milestone that further expands the
worldwide use of our system software,'' said Jack Kay, president and
CEO, Phoenix Technologies Ltd. ''We are very proud to have the
originator of the PC architecture as a Phoenix customer and are fully
committed to supporting IBM with a wide range of Phoenix resources.''
Phoenix Technologies is the leading innovator and supplier of enabling
software and services fundamental to personal computers, servers,
peripherals and information appliances. Headquartered in San Jose, CA,
Phoenix Technologies is a publicly traded company (NASDAQ: PTEC - news)
with offices worldwide including Geneva, London, Munich, Seoul, Taipei
and Tokyo. Information on Phoenix Technologies products is available at:
www.phoenix.com
Phoenix is a registered trademark of Phoenix Technologies Ltd. All other
trademarks are the property of their owners.
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