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Technology Stocks : NCDI - Network Computing Devices -- Ignore unavailable to you. Want to Upgrade?

To: Mark Orsi who wrote (3217)	11/6/1997 3:02:00 PM
From: Gravitar	Read Replies (1) \| Respond to of 4453

NCD Announces Two-Year Extension to Alliance Agreement With IBM 02:43 p.m Nov 06, 1997 Eastern MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 6, 1997--Network Computing Devices, Inc. (NASDAQ: NCDI) announced today the formal signing of a two-year extension to its agreement with IBM Corporation for the joint development and manufacturing of IBM's next generation of Network Computers (NCs), the IBM Network Station series 100, 300 and 1000. Under this extended agreement, IBM will continue to purchase technology from NCD through the year 2000. "Over the last year, IBM and NCD have worked together to successfully lead the industry in thin client sales," stated Robert G. Gilbertson, president and CEO of NCD. "This is a very good partnership for NCD, and we are pleased that we will be moving into the year 2000 with IBM." Founded in 1988, Network Computing Devices, Inc. provides thin client hardware and software that delivers simultaneous, high-performance, easy-to-manage access to any application from thin client, UNIX and PC desktops. NCD's products include the Explora family of thin clients, WinCenter multi-user Windows NT server software and PC-Xware software that delivers PC access to UNIX and multi-user Windows NT. Over 400,000 NCD thin clients are installed with over 2 billion hours of operation. NCD's technology is incorporated into products sold by companies such as IBM, Sun and Novell. Network Computing devices can be reached on the Internet at www.ncd.com. The forward statements in this release regarding NCD's plans and strategies are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risk and uncertainties that may cause actual results to differ materially from expectations. Those risks and uncertainties include, but are not limited to, continuing acceptance of NCD's products, the Company's ability to develop new products, competitive pressures in the network computing marketplace, the Company's ability to obtain component parts, manage the transition to indirect channels, continued overall growth in the network computing market, pricing pressures, changes in customer requirements and product mix. Further information on factors that could cause actual results to differ from those anticipated is included in filings made by the Company from time to time with the Securities and Exchange Commission, including but not limited to, the Form 10K for the year ended December 31, 1996, and the form 10-Q for the quarter ended September 30, 1997. Network Computing Devices and PC-Xware are registered trademarks of Network Computing Devices, Inc. Universal Network Computer, Explora, HMX, WinCenter and Marathon are trademarks of Network Computing Devices, Inc. Other trademarks are the acknowledged property of their respective holders. (See also: businesswire.com) ÿ