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

To: Gottfried who wrote (939)	6/16/1999 3:06:00 PM
From: Duker	Read Replies (1) \| Respond to of 1989

Seagate Debuts SeaStream(TM) Technology; Company Leverages A/V Expertise To Deliver Consumer Television Recording Drives SeaStream(TM) Open Interface Specification Optimizes Drives for Streaming Audio/Video in Consumer Devices With On-The-Fly Support for Conventional Data Storage SCOTTS VALLEY, Calif., June 16 /PRNewswire/ -- Seagate Technology, Inc. (NYSE: SEG - news) today raised the bar in home television recording technology with the debut of SeaStream(TM) technology. SeaStream technology enables disc drives to deliver a compatible data transfer rate required for audio/video programming on television sets, stereo systems, and other home entertainment devices, without sacrificing any of the data integrity that is expected from consumer devices that also record Internet content or other computer data. With SeaStream, a family could potentially record two television programs, watch a movie, listen to a favorite musical, play a car racing game and browse the web simultaneously, all from the same home entertainment storage device. This is because users of SeaStream-enabled recording devices have the potential ability to record and/or play back several different channels, such as television shows, music, and game console programs, simultaneously. Viewers could also immediately jump to any point within a program or between programs without the usual search time delay of tape- and cassette-based systems. SeaStream technology is superior to other technologies in several respects: Seagate is introducing an open interface specification for SeaStream. Seagate plans to propose a set of A/V extensions for disc drives to the AT Standards Committee later this month. SeaStream enables drives to simultaneously support both data and A/V operations, meeting the data integrity requirements for computer data and the time-critical performance requirements for A/V content. SeaStream adjusts on-the-fly for both kinds of information streams. This allows SeaStream-enabled recording devices to provide both A/V and Internet-based content from the same disc drive, a feature that is likely to be required on many future consumer devices. SeaStream also addresses other issues that are critical to the growing adoption of disc drives in consumer electronics. Rather than singularly focusing on sustained data transfer rate requirements, SeaStream enables hard drive-based home electronics to tackle such key matters as lowered acoustics and power consumption. ''Seagate's legacy of innovation has established the Company as one of the top brands in professional A/V recording technology, and SeaStream continues that heritage,'' said Michael Sklar, Senior Director of Strategic Marketing at Seagate. ''Seagate's proposal of an open interface architecture, dual support of both data and A/V streams, and attention to matters beyond that of sustained data transfer rates positions SeaStream technology ahead of any other initiatives in this area. Combined with Seagate's top-tier partnerships and proven track record of delivering the best in information storage products, SeaStream should have a dramatic impact on the future of hard drive-based home recording.'' ''Seagate professional recording products have become critical storage devices to the Filmmakers' Alliance, providing fast and reliable video recording and playback capabilities for many of Hollywood's content producers,'' said Elyse Couvillion, director of digital content at Filmmakers' Alliance. ''What's exciting is how Seagate's ability to leverage that leading expertise from content producer to content consumer will revolutionize the consumer electronics marketplace.'' Drives embedding SeaStream technology will be available to development partners this summer, and the technology is scheduled for integration into Seagate's next-generation consumer disc drives. Seagate Technology, Inc. is a leading provider of technology and products enabling people to store, access, and manage information. The Company is committed to providing best-in-class products to help people get information when, where and how they want it. Seagate is the world's largest manufacturer of disc drives, magnetic discs and read-write heads, an innovator in tape drives, and a leading developer of Enterprise Information Management software. Seagate can be found around the globe and at seagate.com. For automated news, stock and financial information by phone, dial toll-free 877-SEG-NYSE. Outside the U.S. and Canada, dial 760-704-4368. NOTE: Seagate and Seagate Technology are registered trademarks of Seagate Technology, Inc. All trademarks are the property of their respective owners. This release contains forward-looking statements relating to delivery of SeaStream technology, the SeaStream architecture, and the SeaStream open interface specification. These forward-looking statements are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. These risks and uncertainties include, but are not limited to, the ability of the Company to successfully develop and market the SeaStream technology, the SeaStream architecture, and the SeaStream open interface specification. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. SOURCE: Seagate Technology, Inc.