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Technology Stocks : Spyglass -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Cullen who wrote (1029)	6/16/1999 10:25:00 AM
From: Bruce Cullen	Read Replies (3) \| Respond to of 1412

Wednesday June 16, 10:00 am Eastern Time Company Press Release SOURCE: Spyglass, Inc. Telenor Licenses Spyglass Technology for Faster Mobile Internet Information Services NAPERVILLE, Ill., June 16 /PRNewswire/ -- Spyglass (Nasdaq: SPYG - news) today announced an agreement to license Spyglass Prism Internet technologies to Telenor Mobil, Norway's leading mobile communications company, to allow customers using cellular phones, laptops and PDAs to access the Web at dramatically increased speed. Spyglass Prism works to condition Internet data and optimize it to the display capabilities of mobile devices to minimize the amount of data being transmitted. The technology addresses the slow download speeds and resultant call cost problems otherwise experienced by mobile users accessing the Internet. As less data is being transmitted across the network, Spyglass Prism also allows more users to be supported by the network without increasing bandwidth. (Photo: newscom.com or NewsCom, 213-237-5431 ) Spyglass Prism allows Telenor to offer its customers faster Internet access without the need for devices to use any additional software. The technology does not require Internet publishers to use customized authoring languages and therefore also allows mobile users access to a vast amount of existing content produced by developers. Telenor is recognized as one of Europe's most innovative and forward-thinking operators, and is committed to offering its subscribers the most advanced services. Telenor estimates that up to 35 percent of its subscribers will use Internet access capabilities in the short term, with many more added as new information services such as traffic/weather reports and transport timetables are made available. David Harris-Evans, managing director Spyglass Europe, commented, ''The major problem for mobile users when accessing information such as Internet pages, is the excessive time and cost associated with downloading data via GSM. Telenor already has the highest cellular phone market per capita in the world, and we are very pleased to be working with them to bring their customers the next generation of mobile information services.'' Spyglass is a member of the WAP (Wireless Application Protocol) Forum working toward a standards-based approach for fast and reliable Internet content delivery to wireless terminals. Spyglass recently announced the availability of HTML to WML conversion within Prism. This feature enables mobile phones and terminals equipped with WAP browsers to access the broad body of existing Internet content without requiring content providers to parallel version of their content in WML format. About Telenor Telenor is Norway's market leader in the field of telecommunications, data services and distribution. Telenor is a major player in Europe's rapidly growing mobile communications market. Telenor possesses considerable experience in the field of mobile communications, both on the domestic market and on the international scene. Telenor Mobil has more than 1.4 million cellular telephone subscribers in Norway. With 50 percent of its population using cellular telephones, Norway has more mobile users per capita than any other country in the world. Telenor also operates an international business in planning and implementing GSM networks in countries including Russia, Bangladesh and Germany. Further information can be found at telenor.no . About Spyglass Spyglass (Nasdaq: SPYG - news) provides Internet expertise, software and services for making devices work with the Web. Particularly active in the interactive television and mobile data markets, Spyglass solutions are used by market leading companies including GTE, General Instrument, Microsoft, Motorola, NEC, Nokia, Sony, Thomson Consumer Electronics (RCA) and Xerox. Spyglass' headquarters are located at 1240 East Diehl Rd., Naperville, Ill. 60563; phone: 1-630-245-6512; fax: 1-630-245-6693; press e-mail inquiries: aingalls@spyglass.com ; Web site: spyglass.com . Spyglass and the Spyglass logo are trademarks or registered trademarks of Spyglass, Inc., in the United States and other countries. Mosaic is a trademark of the University of Illinois. (Other technologies and brand names are trademarks or registered trademarks of their respective companies.) This release contains information about management's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors that are discussed in the company's annual report on Form 10-K for the year ended September 30, 1998, which is on file with the SEC. SOURCE: Spyglass, Inc. --------------------------------------------------------------------------------