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To: Peter V who wrote (43275)	7/21/1999 2:28:00 PM
From: tony schwarz	Read Replies (1) \| Respond to of 50808

DVD Read... (COMTEX) B: DVD PRO Announces Finalists of Discus Awards B: DVD PRO Announces Finalists of Discus Awards WILTON, Conn., Jul 21, 1999 (BUSINESS WIRE via COMTEX) -- Following the completion of the judging, the organizers of the DVD PRO Conference & Exhibition have announced today the finalists in the Discus Awards for Creative Excellence sponsored by The Broadcast and Professional Company of Sony Electronics. Winners will be announced at the evening ceremony on August 16, 1999 at the DVD PRO Conference & Exhibition which is being held August 16-17, 1999 at the Hyatt Regency at the Embarcadero in San Francisco, California. "The titles nominated this year really reflect the sophistication of both the authoring tools and the developers," said Adam Pemberton, President of Online Inc. "The number of titles nominated this year grew by 80% and they are all great examples of creativity, design, and production." The twenty-four finalists in the following six categories have been selected from over 120 nominations: - Best Consumer DVD-Video From the Earth to the Moon Ghostbusters Collectors Series Tender Loving Care Tomorrow Never Dies - Best Consumer DVD-ROM Encarta Reference Suite 99 DVD From the Earth to the Moon Lost in Space Pleasantville - Best Corporate DVD (ROM or Video) 411 Digital North America 1998: The Year of Thinking Different MSDN Library Philips ProDVD 170 Player DVD Video - Best Educational DVD (ROM or Video) 1999 World Book Family Reference Suite DVD Barney's "Let's Play School" From the Earth to the Moon World Book Discoveries - Best Packaging From the Earth to the Moon More Tales of the City Pleasantville The Ten Commandments <<more- Technical Achievement Ghostbusters Lost In Space Taxi Driver--Collectors Edition Tender Loving Care Winners will receive an engraved Discus Award and pedestal, press release and magazine publicity, and award graphics suitable for product marketing, advertising, and packaging. The reception will feature a large-screen presentation of clips from the finalists, attended by conference attendees, press, and invited guests. DVD PRO Conference & Exhibition targets to key executives, producers, developers, investors, and industry professionals who need to know how and when DVD will affect their businesses. At DVD PRO, the conference and exhibits are designed to help attendees convert theory into practice. From authoring tools and recordable DVD formats, to dual layer replication and set-top DVD appliances, DVD PRO offers the latest knowledge and newest trends in creating, producing, and implementing DVD technology. For an up-to-date speaker roster and the latest information on DVD PRO Conference & Exhibition, visit the DVD PRO Web site at dvdpro.net. Exhibition and registration information can be found at this site. DVD PRO is organized by Online Inc. and its publication, EMedia Professional, the source for DVD information. Sponsors of DVD PRO are Spruce Technologies, Macrovision, Nimbus CD International, Optibase, Dolby Laboratories, Sonic Solutions, Zapex, Millimeter, DVD Report, New York Production Guide, and Video Systems. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Online Inc. Erin Williams, 203/761-1466, Ext. 521 erinw@onlineinc.com WEB PAGE: businesswire.com GEOGRAPHY: CONNECTICUT INDUSTRY CODE: COMPUTERS/ELECTRONICS COMED ENTERTAINMENT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *

To: Peter V who wrote (43275)	7/21/1999 4:29:00 PM
From: DiViT	Read Replies (1) \| Respond to of 50808

ESS beat consensus of $0.14 with $0.18 My question is: Can you have a consensus with only one analyst following the company? ------ ESS Technology, Inc. Reports Second Quarter Results FREMONT, Calif., July 21 /PRNewswire/ -- ESS Technology Inc. (Nasdaq: ESST - news) today reported net income of $7.9 million, or $0.18 per diluted share, on net revenues of $67.2 million for the quarter ended June 30, 1999. This compares to a net loss of ($13.0) million or ($0.32) per diluted share, on net revenues of $34.8 million in the second quarter of 1998. ''We are pleased with the financial results and our continued profitability in the second quarter of 1999. The second quarter has historically been our lowest seasonal quarter. This was the best second quarter revenues in the company's history, and we believe we are well positioned with products and design wins for the second half of 1999,'' said Fred Chan, Chairman and Chief Executive Officer. ''ESS Technology has been a pioneer in digital audio & video and we are excited by the tremendous opportunities created by the Internet. Recently ESS formed ViAlta.com, a wholly owned subsidiary to leverage ESS's technologies into these opportunities by creating new Internet platforms and applications,'' commented Chan. ESS Technology ESS Technology, Inc. supplies Internet, modem, PC audio and digital video solutions for the Internet, PC and consumer markets. ESS designs, develops, and markets highly integrated mixed signal semiconductor, hardware, software and system solutions for Internet, PC and multimedia applications. ESS, headquartered in Fremont, California, has sales and technical support offices in Austin and Houston, Texas; Irvine, California; Bellevue, Washington; Beijing and Shenzhen, China; Tokyo, Japan; Taipei, Taiwan; Seoul, Korea; and Hong Kong. ESS Technology is listed on the Nasdaq Market System under the symbol ESST. World Wide Web site: esstech.com