To: Mr. Big who wrote (63273 ) 1/14/2000 5:21:00 PM From: Wes Stevens Respond to of 108040
Big got this from Anthony's thread: To: Anthony@Pacific who wrote (49880) From: Anthony@Pacific Friday, Jan 14, 2000 4:47 PM ET Respond to Post # 49881 of 49885 PNJA<----------Not to be confused with My pacific Equity Investigations DJN =DJ Panja Up -3-: Intel Invested In Co. In December >PNJA Jan 14 2000 11:52 "There have been articles in the last few weeks about Intel Corp. (INTC) doing a lot in the set-top box area, making Linux-based set-top boxes" Pacific Growth Equities analyst Steve Olson said, adding that Intel is likely incorporating Panja's technology into a new set-top product. "Intel can use Panja's technology to connect to many distinct devices, the installed base of most consumer electronic equipment," Olson said. Panja in December received a $5 million investment from Intel and is developing interoperable products with the computer giant. Pacific Growth initiated coverage on Panja at strong buy in mid-December, but Olson said the company didn't stir much client interest until now. He said the interest probably stems from Panja's new Internet "gateway" device, Panja 1000, a home network that connects users to the Internet through their PC, stereo, television and other electronic devices. "You have a wireless touchpad screen that works throughout your house with which you can direct content from the Internet,"Olson explained. "You usually go through your PC for browsing or shopping, but if you think of the day-to-day information needs people have--stock quotes, sports or traffic information--the touchpad can direct that to your TV. Instead of listening on your PC speakers, you can be sitting on your living room couch and send it right to your stereo speakers." Olson said he anticipates that Panja will announce a distribution agreement for Panja 1000 some time in its first quarter, which ends March 31. "They've launched their Internet strategy, but they don't have distribution yet for this product, which is an obvious need," he said. "Their plan is to distribute through DSL and broadband cable service providers. Once they have that, they'll have a lot more leverage." -Katherine Hutchison; Dow Jones Newswires; 201-938-5394