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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Gregory Rasp who wrote (8781)	1/18/2000 10:27:00 AM
From: bob gauthier	Read Replies (1) \| Respond to of 17183

Tuesday January 18, 9:53 am Eastern Time Company Press Release EMC To Provide Core Infrastructure for ZapNetwork Company to Manage Ad Serving and Other Applications for ZapNetwork ROCHESTER, N.Y.--(BUSINESS WIRE)--Jan. 18, 2000--Zap.Com Corporation (OTCBB-ZPCM) has announced it has formed a strategic relationship with EMC Corporation (NYSE: EMC - news) to provide infrastructure and application management for the ZapNetwork(SM). The relationship allows EMC the opportunity to work with Zap.Com's dynamic Internet applications while EMC Internet Solutions Group (ISG) will supply Zap.Com with 24x7 Internet applications management, hosting and ad serving on EMC E-Infostructure. ''In preparing for the launch of the ZapNetwork, we have assembled a collection of top-tier Internet technology companies,'' said Avram Glazer, president of Zap.Com. ''We are thrilled that EMC will become our application management service provider and work with us to provide top notch application and ad serving capabilities to the ZapNetwork. In addition to benefiting from their proven Internet solutions expertise, EMC also brings along their outstanding record of customer service and support.'' The EMC Internet Solutions Group develops, conducts and shares best practices for the deployment of EMC Enterprise Storage in Internet-based businesses and initiatives. Companies like Zap.Com leverage ISG's expertise and hosting facilities to quickly launch and support its Internet initiatives. The ISG facilities are staffed by ISG Architects and combine EMC Enterprise Storage systems, software and networks with the latest server and communications technology. Using ISG's resources, e-businesses quickly convert innovative ideas into online success. Mark Ward, EMC's Vice President of Global Marketing, said, ''Zap.Com's model for success is grounded in the knowledge that e-business requires much more than savvy marketing. Internet success requires an IT infrastructure capable of withstanding extreme and unpredictable demand for reliable information access and rapid delivery of new applications. EMC's role is to support this model with a rock-solid information infrastructure.'' Zap.Com also announced that it had exercised its option to purchase a license for DoubleClick's (Nasdaq: DCLK - news) Ad Server Network software. About Zap.Com Zap.Com was founded by Zapata Corporation (NYSE:ZAP - news) with the goal of creating and operating a premier Internet network with global market reach. The ZapNetwork currently includes: Zap.Com - www.zap.com - an outstanding one-stop guide to the Internet offering exceptional search, directory capabilities and more. Word - www.word.com - An award winning webzine - one of the Web's oldest - featuring personal stories, quirky humor and more. -- Charged - www.charged.com - The webzine of extreme leisure. -- Pixeltime - www.pixeltime.com - A proprietary Java-based drawing system that is a unique tool for community building and user-created content. Statements in this press release that are not strictly historical are ''forward-looking'' statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, which may cause the company's actual results in the future to differ materially from expected results. These risks and uncertainties include, among others: the Company's limited operating history; the risks inherent in establishing a new business in the Internet industry: the lack of a present source of revenues; the extent of the losses and negative cash flows that the Company anticipates: the Company's unproven business model; the ability of the Company to successfully finalize development of future releases of its Internet banner, the ZapBox; risks associated with the Company's dependence on the Internet; intense competition; the extent to which a trading market develops in its stock; the Company's ability to raise capital if necessary; the Company's ability to maintain intellectual property protection for its proprietary products, to defend its existing intellectual property rights from challenges by third parties, and to avoid infringing intellectual property rights of third parties; unforeseen operating risks; the Company's ability to secure and maintain agreements with third parties for various services and other functions. These risks are qualified in their entirety by cautionary language and risk factors set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Registration Statement on Form S-1 filed with the SEC on December 30, 1999, as amended. The Company assumes no obligation to update the information included in this press release.