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Technology Stocks : Silicon Graphics, Inc. (SGI) -- Ignore unavailable to you. Want to Upgrade?

To: Wafa SHIHABI who wrote (7888)	10/4/2000 11:16:56 AM
From: Don Green	Respond to of 14451

Rumble Group and SGI Announce Global Strategic Alliance to Develop Next-Generation Broadband Network SolutionsFirst Application to Manage and Distribute Media Assets SYDNEY, Australia and MOUNTAIN VIEW, Calif., Oct 4, 2000 /PRNewswire via COMTEX/ -- SGI (NYSE: SGI) and Rumble Group, an Australian e-commerce development company, today announced that they have entered into a global strategic alliance to develop broadband network solutions designed to generate new revenue streams. The first application to be developed with Instock, a subsidiary of Rumble, leverages SGI Professional Services expertise, SGI(TM) StudioCentral(TM) Library software and SGI's scalable server technology to create a new trend for digital asset management and distribution. This new ASP business model will enable visibility and rapid access to rich-media assets in an efficient and cost-effective workflow. It is an innovative distribution method that will provide worldwide access via a secure Web-based user interface and create new sources of revenue for government agencies, news corporations, media and production companies. "This truly is a milestone for digital asset management and distribution," said Bob Bishop, chairman and CEO, SGI, "and is just the beginning. With leading-edge companies such as Rumble Group, the convergence of the broadband Internet, our advanced server technology and customer-driven solutions engineering, SGI will continue to create breakthrough solutions in what we call Media Commerce(TM) -- transacting content over a vast range of networks." "SGI's digital media expertise and experience in powering the world's most demanding Internet sites with its high-bandwidth scalable servers is key to the development and success of this new venture," said Rick Holliday-Smith, chairman, Rumble Group. "We are delighted to be working with SGI on the development of new business opportunities that Rumble Group has identified."