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To: Dealer who wrote (22554)12/7/2000 8:08:15 AM
From: Dealer  Read Replies (2) | Respond to of 65232
 
WIND--Virata and Wind River Broaden RTOS Choices with VxWorks
As a Wind River VAR, Virata Extends Integrated-Software-On-Silicon Platform; Reduces Time-to-Market for VxWorks Users
SANTA CLARA and ALAMEDA/FREMONT, Calif., Dec. 7 /PRNewswire/ -- Virata® Corporation (Nasdaq: VRTA - news) and Wind River Systems, Inc (Nasdaq: WIND - news) today announced that Virata has become a value added reseller (VAR) of Wind River's VxWorks®, the leading real time operating system (RTOS) for embedded systems. As a result, Virata will further simplify the development of DSL equipment by offering its integrated hardware and software platform -- which includes communications processors, ATM, frame and IP network protocols, voice processing, and DSL support -- bundled with Wind River's VxWorks real-time operating system.

``Wind River is committed to providing innovative solutions for software designers in the networking space,'' said David Fraser, vice president and general manager of the Wind River Networks business unit. ``VxWorks is the leading operating system choice among designers of network applications and we are pleased to work with Virata to advance DSL equipment design in an effort to help reduce our mutual customers' time to market.''

``By providing our customers with the option of using the VxWorks RTOS and toolset within Virata's Integrated Software-on-Silicon (ISOS) platform, we are extending our position as the semiconductor leader in high-speed broadband access applications for Customer Premises Equipment (CPE) and the residential gateway markets,'' said Duncan Greatwood, Virata's vice president of marketing.

Saving Time and Simplifying DSL Development

The announced Virata and Wind River relationship is expected to provide developers with the following benefits:

-- One-stop-shop and single point of contact for target licensing.
-- Integration of Virata's world-class and performance-optimized ATM,
OAM, HDLC, Ethernet, Frame Relay, Layer-2 bridging, TCP/IP, routing,
PPP and other encapsulations, SNMP, voice and DSL functionality with
Wind River VxWorks RTOS and Tornado software development toolset to
support diverse data, voice and video applications.
-- Ability to easily mount new broadband applications on a
service-independent platform; for example, when upgrading equipment
from narrowband (such as ISDN) to broadband (e.g., DSL) applications.
-- Availability of Wind River's industry leading Tornado® software
development tools for embedded systems and VxWorks RTOS, resulting in
a platform that frees developers to concentrate on creating marketable
applications within a short timeframe and take advantage of new
opportunities.

Availability

The Virata ISOS-for-VxWorks product offering is available now. Contact Virata for more details (us@virata.com). Also, Virata recently announced that the ISOS 8 software release, which will include ISOS-for-VxWorks support, will be available in early 2001.

About Wind River

Wind River, www.windriver.com , is a worldwide leader in embedded software. Wind River provides software development tools, real-time operating systems, and advanced connectivity for use in products throughout the Internet, telecommunications and data communications, digital imaging, digital consumer electronics, networking, medical, computer peripherals, automotive, industrial automation and control, and aerospace/defense markets. Wind River is how smart things think. Founded in 1983, Wind River is headquartered in Alameda, California, with operations in sixteen countries worldwide.

About Virata

Virata provides communications software and semiconductors to manufacturers of DSL, wireless, and other broadband networking equipment. Virata's suite of processor-independent software products provide developers with complete, field-proven implementations of networking functions, including ATM, MPLS, and web servers, removing the need to write and validate new software code.

Virata also pre-integrates its extensive suite of communications software with its powerful and cost-effective communications processors to create ``integrated software on silicon'' (ISOS) products. These ISOS solutions enable customers to develop a diverse range of broadband wireless and wireline equipment including DSL modems, gateways, routers, and integrated access devices targeted at the voice and high-speed data network access and customer premises markets. Virata's products enable equipment manufacturers to simplify product development, reduce the time it takes for products to reach the market and focus resources on product differentiation and improvement.

Virata is a principal member of the ATM Forum, Bluetooth SIG organization, the DSL Forum, HomePNA, ITU, MPLS Forum, OpenDSL Alliance and UPnP Forum. A publicly traded company on the Nasdaq Stock Market, Virata was founded in 1993 and is headquartered in Santa Clara, California. For more information, please visit www.virata.com .

Virata is a registered trademark of Virata. Wind River Systems, the Wind River Systems logo, VxWorks and Tornado are registered trademarks of Wind River Systems. All other trade, product, or service names referenced in this release may be trademarks or registered trademarks of their respective holders.

Virata Forward Looking Statement: Except for historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, those relating to general business and economic conditions, evolving industry standards, the pace of development and market acceptance of our products and the DSL market generally, commercialization and technological delays or difficulties, changes in customer order patterns and risks of customer loss, the impact of competitive products and technologies, competitive pricing pressures, manufacturing availability and risks, dependence on third party suppliers, the uncertainties associated with international operation, the possibility of our products infringing patents and other intellectual property of third parties, risks due to limited protection of our intellectual property, product defects, costs of product development, our ability to attract and retain employees, the company's ability to extract value from acquisitions, manufacturing and government regulation and other risk factors listed from time to time in the reports and other documents Virata files with the Securities and Exchange Commission, including without limitation, the report on Form 10-Q for the quarter ended October 1, 2000. Virata assumes no obligation to revise or update the forward-looking statements contained in this press release to reflect events or circumstances after the date hereof.

Wind River Forward Looking Statement: This news release contains forward-looking statements that involve risks and uncertainties that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risks inherent in acquisitions of technologies and businesses, including the integration of separate workforces, the timing and successful completion of technology and product development through production readiness, integration of such technologies and businesses into Wind River Systems, unanticipated expenditures, changing relationships with customers, suppliers and strategic partners and other factors described in the company's most recent Form 10-K and other periodic filing with the Securities and Exchange Commission.



To: Dealer who wrote (22554)12/7/2000 9:27:05 AM
From: Dealer  Read Replies (1) | Respond to of 65232
 
M A R K E T--S N A P S H O T--U P D A T E--8:47 A.M.


Shares set for sloppy open
Motorola warns, sends futures markets lower

By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 8:47 AM ET Dec 7, 2000

NEW YORK (CBS.MW) - A profit warning from Motorola and a cautious analyst note on Microsoft sent the stock futures markets straight down Thursday, suggesting a sharply negative open for shares.

December S&P 500 futures shaved 7.30 points, or 0.5 percent, and were trading roughly 7.50 points below fair value. Nasdaq futures erased 55.00 points, or 2.0 percent.

Dow, S&P and Nasadq stock Microsoft (MSFT) fell $3.69 to $53 in Instinet following a cautious note from Goldman Sachs. Analyst Rick Sherlund lowered earnings-per-share estimates for the software giant to $1.88 from $1.91 for fiscal 2001 given the evidence of sluggish retail PC demand.

"Consumer PC sales account for only about 10 percent of Microsoft's total revenues, so with corporate demand likely in line with expectations, our estimate revision is only relatively moderate," Sherlund added. He trimmed the December quarter revenue by $125 million while $200 million was cut from March quarterly revenue and $150 million from June's.

Meanwhile, Motorola (MOT) revealed early Thursday that it won't meet fourth-quarter revenue and earnings due to slowing market conditions in the semiconductor industry as well as delays in achieving expected cost reductions in wireless phone production. The fourth quarter earnings-per-share estimate now stands at 15 cents a share versus the previous estimate of 27 cents.

Motorola is the latest in a string of companies citing inventory issues in the chip sector as reason for profit shortfalls. The stock dropped $2.56, or 14 percent, to $15.25 in Instinet pre-market dealings. The Philly Semiconductor Index ($SOX), of which Motorola is a component, slid 4.5 percent on Wednesday.

On the analyst front, WR Hambrecht lowered its rating on Yahoo (YHOO) to a neutral" from a "buy" due to persistent weakness in the online advertising market, with the fourth quarter proving to be extremely challenging for all participants. The stock erased $1.25 to $36.25. WR Hambrecht added that there's a legitimate chance that Yahoo could fall short in the quarter, adding that full-year 2001 projections are also in question. "Despite recent weakness in Yahoo's shares, we suggest investors remain on the sidelines until the smoke clears," the firm added.

On a positive note, Ciena (CIEN) checked in Thursday with fourth-quarter profit of 14 cents a share, beating the First Call estimate by two cents. Going forward, Ciena said it expects their business to grow faster than the overall market and raised revenue guidance, believing it'll be able to achieve fiscal year 2001 revenue growth of between 75 and 85 percent. The stock ended off 4.4 percent on Wednesday.

In the government arena, prices edged higher as stocks were bracing for an open on the downside. The Treasury market has been on a roll this past week, posting significant gains over the past couple of trading days. The 10-year Treasury note gained 3/32 to yield ($TNX) 5.305 percent while the 30-year government bond erased 2/32 to yield ($TYX) 5.52 percent.

On the economic front, Thursday saw the release of weekly jobless claims, which fell 9,000 to 352,000. Still ahead is October consumer credit, seen coming in at $8 billion. View Economic Preview, economic calendar and forecasts and historical economic data.

Cornering the currency market, dollar/yen gained 0.4 percent to 110.61 while euro/dollar put on 0.4 percent to 0.8953, its second straight session of gains.

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