If Intel can't do digital convergence, maybe this company can. They have money to burn in the "information furnace."..........
Former Intel Executives Join Forces to Form ShareWave, Inc.
New Company Focused on Pioneering a New Approach
To Digital Convergence in the Home
EL DORADO HILLS, Calif., Jan. 12 /PRNewswire/ -- Four industry veterans
-- including three technical, marketing and management experts formerly of
Intel Corporation -- today announced the formation and vision of
ShareWave, Inc., a company pioneering a new approach to digital convergence in
the home.
In a separate announcement, the company also disclosed that it has raised
$7.5 million in two recent rounds of financing by industry giants Microsoft
Corporation and Vulcan Ventures, headed by entrepreneur Paul Allen, as
well as from a large microprocessor company based in Santa Clara,
California and the venture capital firms of APV Technology Partners, L.P.;
Softbank Holdings, Inc.; and Draper Richards, L.P.
"Over the last few years, there has been an increasing focus on bringing
digital content into the home, either through internal means, such as CD-ROMs
or DVDs, or through external means, such as telephone lines, cable modems, and
satellite feeds," said Bob Bennett, co-founder and president of ShareWave.
"No one, however, has developed a coherent strategy for what to do with
this content once it enters the home. ShareWave is developing products that
establish the PC as a central 'information furnace' in the home. This
information furnace will centrally aggregate digital content and computing
power, then wirelessly distribute them to appliances throughout the home that
are ideally suited for user interaction with that content."
ShareWave's long-term goal is to develop practical, innovative and
affordable products that help establish the home PC as the "information
furnace" that centrally connects and controls computing power and digital
information among the growing number of smart, digital appliances and
sophisticated audio/visual products now becoming prevalent in today's homes.
These devices include home entertainment systems, game consoles, telephones,
kitchen appliances, electronic notepads, home security systems, Digital
Satellite Systems (DSS) and Digital Video Disc (DVD) players.
More specifically, ShareWave will focus on products and technology that
establish and manage the wireless connectivity between the home PC and various
home electronic appliances.
Besides Bennett, a former marketing director at Intel, the co-founders of
ShareWave include Geoff Bland, vice president of finance and business
development, formerly a partner of REP, L.P., a $200 million institutional
investment fund; Amar Ghori, vice president of engineering, who most recently
was the architecture manager for Intel's Microprocessor Division 6; and John
White, vice president of strategic planning, whose decade at Intel culminated
in his role as a senior product planner defining next-generation
microprocessors.
ShareWave, Inc. was founded in 1996 to develop and market innovative
technological solutions that establish the home PC as the "information
furnace" that centrally connects and controls computing power, digital
information and digital appliances in the home. The privately held company
has its headquarters in El Dorado Hills, California and employs more than
60 individuals. Additional information on ShareWave can be found at the
company's web site at sharewave.com .
SOURCE ShareWave, Inc.
/CONTACT: Laura Edens, Public Relations for ShareWave, 408-426-2855, or
edens@cruzio.com; or David Smith, Director of Consumer Marketing of ShareWave,
916-939-9400, or dsmith@sharewave.com/
/Web site: sharewave.com |
