Wednesday July 1, 8:30 am Eastern Time
Company Press Release
Millennium Electronics Selects IDT WinChip for New $499 Personal
Computers
Partnership Brings New Price/Performance to Value Computing
IRVINE, Calif.--(BUSINESS WIRE)--July 1, 1998--Millennium Electronics Inc. (OTC BB:MILM) Wednesday announced
that its NetRam Computers subsidiary has begun to ship systems based on the IDT WinChip processor manufactured by IDT
(Nasdaq:IDTI - news).
The offerings include systems running at 180, 200, 225 and 240MHz. The 180 and 200MHz NetRam systems have a
manufacturer's suggested retail price of $499.
A typical NetRam 200MHz system includes: integrated video and SoundBlaster compatible sound, 16MB EDO RAM, 1.7GB
IDE Hard Drive, stereo speakers, 3.5 inch 1.44 MB floppy drive, CD-ROM, Windows 95 keyboard, 33.6 KB data fax
modem, two-button mouse, Windows 95 operating system and one-year of manufacturer's technical support. Some systems
also include Lotus SmartSuite.
Specific system configurations are available on an individual retailer basis.
NetRam WinChip-based systems are available at Fry's Electronics and Sun Television and Appliance (Nasdaq:SNTV - news)
stores. All NetRam computers allow easy upgrade of internal hardware, including memory, peripheral cards and disk drives.
Retailers have the choice of offering systems available with Lotus SmartSuite, and all systems ship with either Microsoft
Windows 95 or Windows 98 installed.
Commenting on the news, Rusty Wilson, senior vice president of sales for NetRam Computers, said: ''Millennium and IDT are
redefining the value computing segment. The IDT WinChip's superior performance, industry compatibility and excellent value
offer Millennium the opportunity to sell computers at price points previously unavailable in the personal computer market.''
''The emergence of the $500 computer will drive the expansion of the personal computing market,'' said Joe Baranowski, vice
president of WinChip sales for IDT. ''Together, Millennium and IDT are delivering computing solutions that first-time, home
and small-business users want at the value price they need.''
About Millennium Electronics
Millennium Electronics is a nationwide provider of high-quality NetRam personal and professional computers, and of Dynamic
Random Access Memory (DRAM) upgrade components for personal computers, laptop and notebook computers, file servers
and printers, to retailers, resellers, value-added resellers, value-added distributors and original equipment manufacturers.
The company's NetRam computers incorporate top-quality, brand-name components and are designed for optimum ease of
configuration and upgrading. The company's memory modules incorporate industry-standard specifications and are designed to
be incorporated into a wide variety of computing and electronic equipment.
About IDT
IDT enables a digitally connected world by providing innovative semiconductor solutions to leading-edge designers in
communications and computing. IDT's broad mix consists of communications memories, networking devices, both RISC and
x86 microprocessors, high-speed SRAMs and high-performance logic. The company's innovative technologies and products
take aim at markets expected to exceed a total of $20 billion in 1998.
With headquarters in Santa Clara, Calif., the company employs approximately 5,000 people worldwide and has manufacturing
facilities in California, Oregon, the Philippines and Malaysia. Additional information about IDT is easily accessible though the
World Wide Web at idt.com, on CD-ROM by calling 800/345-7015 or via fax-on-demand at 800/9-IDT-FAX.
More information on IDT WinChip can be found at winchip.com.
This news release may contain forward-looking statements that involve risks and uncertainties that could cause actual results to
differ from predicted results. Further information on factors that could affect the company's results is detailed in the company's
report on Form 10-K for the year ended Dec. 31, 1997, and the report on Form 10-Q for the period ended March 31, 1998,
as filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the result of
any revisions to these forward-looking statements.
Contact:
Millennium Electronics Inc., Irvine
Troy D. Barnes, 949/788-8100
tbarnes@milm.com
or
Fleishman-Hillard Public Relations (for IDT)
Melissa S. McClure, 415/356-1082
mcclurem@fleishman.com
or
Coffin Communications Group
Michael Battat, 818/789-0100
coffini@ni.net |
