*AV*--A company we spoke of a few months back where some profits were made. However, right now is where everything was supposed to come together for NCDI based on previous news releases and activity. Remember that INTC has a stake in this company and the release of Win98 will impact this company also.
Friday June 19, 3:53 pm Eastern Time
Company Press Release
NCD Says First Windows-Based Terminal from Intel"Lean Client"
Initiative debuted Strongly at PC Expo
NEW YORK--(BUSINESS WIRE)--June 19, 1998--Network Computing Devices, Inc. (NASDAQ:NCDI - news) said today that assessments by industry analysts of NCD's launch of Windows-based Terminals based on Intel's Lean Client initiative reflected what the company itself termed a ''significant success'' at PC Expo. Held at the Javits Center in Manhattan each spring, PC Expo is one of the computing industry's largest shows.
Since beginning development and marketing efforts in the field now generically known as ''thin client'' computing in late 1996, NCD and its customers have been anticipating what the company has termed ''an explosion of demand'' for desktop-computer-like terminals that provide all the functionality of PC's without the traditional high total cost of ownership and obsolescence inherent in corporate computing networks.
Commenting on the PC Expo show, Lorraine Hariton, an NCD senior vice president , said: ''The show delivered an excellent response to our new NCD ThinSTAR product family. Products such as these reflect the strengths of our strategic technology and business relationships with Intel, Microsoft, IBM, Citrix and other industry leaders. Visitors to the show could see evidence of our leadership in thin client technology throughout the exhibit halls. NCD ThinSTAR integrates Intel's best-in-class processor technology with Microsoft's outstanding Windows CE operating system, and takes optimum advantage of the multi-user software from Microsoft and Citrix -- Windows Terminal Server 4.0 also released earlier this week. These new products provide customer solutions which will translate to lower costs and improved system performance. Accordingly, we look forward to responding effectively to the high level of customer interest generated at this year's PC Expo,'' she continued.
''The activity at our own booth,'' Ms. Hariton noted, '' as well as the traffic we saw at our demonstrations in the Intel booth, the Microsoft pavilion and elsewhere, gives us even more confidence that thin-client computing is here at last and will contribute greatly as corporate information executives seek the best ways to make their enterprise-wide networks more capable and much, much more economical.''
Ms. Hariton cited this week's article by the respected industry analytical firm, Zona Research, which called the attention paid to
thin clients at PC Expo evidence that such computing solutions represent ''nothing short of a major invasion.'' The article said
that Microsoft had led an ''invasion force of vendors onto the thin client shores'' by releasing the ''long-awaited'' Terminal Server Edition of Windows NT 4.0. In addition, Zona noted that Citrix, a software developer which is an NCD thin client partner, also announced the availability of the MetaFrame thin-client/server system.
''These developments clearly make the case that now is the time for companies to move from so-called dumb terminals,'' Ms. Hariton said, ''to products such as NCD ThinSTAR.'' NCD also developed and is producing an OEM network computer for International Business Machines Corporation [NYSE:IBM - news]. Earlier this year, in its 1997 annual report, IBM said that it has over 3,000 customers for the IBM Network Station, which NCD is producing under terms of a continuing multi-year
agreement with the giant computer company.
''Activity such as we saw at PC Expo for our thin client/lean client solutions,'' Ms. Hariton concluded, ''augur well for later this
year, as key decision-makers among our client base begin to move forward to upgrade their ''green screen'' systems to more modern, more capable computing and more cost effective resources.''
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The timing was supposed to be mid June to July and they (NCDI) seem to be on target. However, there are glitches with both INTC and MSFT these days that may be impacting NCDI. Note: If NCDI was a deal at $9.50 for a run to $14 back in Feb/Mar then it might be good picking now that the "idea" is about to get off the ground. Just athought, Patrick.
Andrew |
