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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: John Rieman who wrote (27448)	1/2/1998 7:45:00 PM
From: BillyG	Read Replies (1) \| Respond to of 50808

Mitsubishi Can't Make Enough WebTV Devices January 2, 1998 (SAN FRANCISCO) -- Mitsubishi Consumer Electronics America can't keep up with demand for WB-2000 Web-TV Internet-access devices conforming to Microsoft Corp.'s WebTV Plus standard. Mitsubishi Consumer Electronics, a division of Mitsubishi Electric Corp., Sony Electronics Inc. and Philips Consumer Electronics Co. (Philips Magnavox) make the WebTV Plus Internet products under license from WebTV Networks Inc. Computer software giant Microsoft bought Palo Alto, CA-based WebTV Networks for US$425 million in one of the biggest acquisitions of an Internet-related business in 1997. WebTV Plus, which links to a television set and a telephone line, retails for US$199. Monthly connection fees of US$14.95 to US$19.95 are charged for the Internet service. Use of a WebTV Plus device allows access to the Internet without having to purchase a personal computer and load software. The WebTV Plus devices represent second-generation technology with higher level capabilities. The first-generation of devices were slow to sell. Mitsubishi Consumer Electronics said it started shipping WB-2000 devices at the end of November. (Neil Davis, Asia BizTech Correspondent)