To: hoffy who wrote (79255 ) 6/13/1999 7:40:00 PM From: GerryMiles Read Replies (1) | Respond to of 119973
HAUP-- HUGE Internet deal wrt Bcst.com and Intel to be announced soon. Here is an excerpt from Businessweek--> Float of 2.6 mm. 63% of shares held by company officials Mark Cuban, President of Broadcast.com (NASDAQ: BCST) remarked "There are tens of millions of PC monitors capable of displaying HDTV signals. With WinTV-D, consumers will be able to receive those HDTV signals, and with support from Broadcast.com, they can be enabled with high speed internet access and tens of thousands of hours of audio and video on demand. Broadcast.com is excited to participate in this launch and to be working with Intel and Hauppauge to deliver on the promise of true digital delivery of audio and video into America's living rooms." "Intel is excited to support the development of digital receiver products which enable the PC to receive all the benefits of DTV, data enhanced television and other rich broadcast services,” said Tom Galvin, Director of Market Development, Intel's Content Group. “Hauppauge's WinTV-D card is an example of technology that will help further Intel's goal of bringing new uses to powerful personal computers.” About Digital Television Digital TV on a PC A television window in every PC? That's what Hauppauge Digital HAUP, which makes digital video products for PCs, hopes to see. The company expects to reap big rewards from such a move. It is forming important strategic alliances to achieve its goal. One of its products, called WinTV board, enables the user to view TV programs in a resizable window on the PC. This summer, it will also market a digital TV tuner called WinTV-D, which lets PC users receive digital TV. The expected price: $500, vs. the $7,000 that high-definition TV sets are retailing for. Hauppauge will announce a joint venture soon with a large Internet company that broadcasts streaming media programming on the Web, says one New York money manager. Hauppauge is also forming a marketing alliance with a major E-commerce company, he adds. David Jordon, senior vice-president at Axiom Capital Management, says Hauppauge will benefit from the increasing supply of Internet-based digital video content and the rising demand for high-speed digital broadcast receivers for PCs. He expects Hauppauge, now at 12, to earn 60 cents a share on sales of $55 million this year. In 2000, Jordon sees profits of at least $1 a share on sales of $75 million. BY GENE G. MARCIAL