This might be an interesting company to watch...(AMXX) Name changed to Panja, and a new ticker (PNJA).
Mentioned in an article in Barron's this weekend...
Other new products that will rely on tons of chips are those that will
connect various appliances at the home. For example, Barron's has
learned that Dallas-based AMX plans to introduce a new line of
products today that will connect existing appliances with the Internet.
One of them, called Broadband Blast, is a set-top box that will allow
people to pull video, music and broadcast signals off the World Wide
Web and direct them to their TV sets, stereo receivers and other
entertainment gadgets, according to sources close to the company.
AMX, which is also expected to rename itself as Panja, is going to
launch another product, called IPHome Control, which will give people
remote control of their homes via the Internet. For example, a user will
be able to turn on a home security system over the Web while still
working at the office. Both of these products will contain high-speed
computer chip sets.
Plus and alliance with CISCO and InfoSeek announced today....
Cisco and Infoseek Align with Panja to
Bring Rich Internet Content to 2 Billion
Consumer Devices
Chairmen Laud Impact on Consumer as Internet Moves to 'Next Level'
DALLAS, July 19 /PRNewswire/ -- Panja, formerly known as AMX Corporation (Nasdaq: PNJA - news)
announced today two agreements with Cisco Systems (Nasdaq: CSCO - news) and Infoseek Corporation
(Nasdaq: SEEK - news), home of GO Network (www.go.com) to deliver powerful Internet content and
services to America's homes and businesses over a vast array of existing and future non-PC appliances
and devices.
The companies said the pacts signal the true beginning of the IP home, which will ''enable a new, rich and
meaningful Web lifestyle,'' drive increased demand for broadband technology and revolutionize the home
network. The agreements represent the first of a number of potential partnerships for Panja as it extends
its industry leadership by extending the Internet beyond the PC.
Cisco's agreement with Panja, creates a powerful hardware alliance with co-branding of Panja-Cisco cable
modems. By partnering with the leader in broadband infrastructure, Panja has created new market
opportunities for broadband service providers. Panja's new Panja 1000 entertainment gateway announced
earlier today will provide enhanced entertainment experiences for consumers.
''Panja's strategy is very exciting, and is closely aligned with our view of how personal networks will
evolve'', said Robba Benjamin, vice president and general manager of Cisco Systems' Consumer Line of
Business Added McHale: ''Cisco is the leader in broadband technology and Internet technology. We are
aligning with Cisco because this is all about extending the Internet beyond the PC, and we intend to work
with the best.''
Panja also announced a partnership with Infoseek, the leader in delivering enriched content through the
GO Network portal.
''Infoseek is recognized for its leading edge technology, grasp of the needs of Internet users, and for its
rich and deep content,'' said Panja Chairman John McHale. ''We look forward to working with Infoseek
through the shared vision that the Internet can enrich the way we live, learn and play.''
''Infoseek is excited about having Panja as a new distribution channel,'' said Infoseek Chairman Steve
Kirsch. ''This is win-win for everyone -- for Panja, for Infoseek but most of all for the consumer. The
fact is we're entering the next level of the Internet and we've only tapped a small portion of the huge
number of benefits that Panja and Infoseek will be able to deliver. The only limits are our imagination.''
According to the agreement, both companies will benefit from joint development and marketing efforts
over the next two years. Subscribers to Panja services (see related release), such as its Broadband
Blast(TM) and Panjacast(TM), will be able to tap into GO Network's extensive content environment.
Broadband Blast, for example, delivers streaming audio and video from the Internet to stereos, VCRs and
TVs. At the touch of a button, users will be able to pull down MP3 or MPEG seamlessly through the Panja
1000 Residential Gateway and send it real time onto the entertainment systems people own today.
Panja, in separate announcements today, rolled out a new name and a new set of products aimed at
building infrastructure and delivering services to allow multimedia Internet content to be accessed by
devices other than PCs -- such as home entertainment, security, HVAC and others.
Cisco Systems the worldwide leader in networking for the Internet. Cisco's networking solutions connect
people, computing devices and computer networks, allowing people to access or transfer information
without regard to differences in time, place or type of computer system. Cisco provides the broadband
capability needed to bring the Net home to Internet appliances. Cisco Systems is on the Web at
www.cisco.com .
Infoseek Corporation (Nasdaq: SEEK - news) is the home of GO Network, a premier global media
network enriching people's daily lives by combining integrated Internet services with leading consumer
brands. GO Network (http://www.go.com) is one of the top five sites on the Internet, according to Media
Matrix. GO Network was launched in January 1999 by Infoseek in partnership with the Walt Disney
Company, and is the online home of leading world brands such as ABCNEWS.com for news, ESPN.com
for sports, Disney.com for kids and family, Infoseek for search, and Disney.com and ABC.com for
entertainment.
In addition, Infoseek licenses its Ultraseek Server search and navigation software for their own intranet,
extranet and Internet sites. Infoseek is headquartered in Sunnyvale, Calif. For more information about
Infoseek, please visit Infoseek's corporate Internet home page at info.infoseek.com or to request additional
information about Infoseek, call its investor relations Request Line at (408) 543-6960 or visit its new
investor relations Web site at www.ir.infoseek.com .
Panja is a new kind of Internet company, extending the Internet beyond the PC and for the first time
linking home and business appliances seamlessly and meaningfully to Internet content and services. Panja
is a melding of AMX and PHAST companies, with leading-edge technology that is slashing the bonds of
the PC and cutting through marketplace clutter to offer remote control solutions for the Broadband IP
home and business. Panja is cutting away the complex technology currently required to unleash the
potential of the Internet and to replace it with simple, intuitive devices that allow consumers to focus on
the Internet information and its practical uses.
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