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

To: Jim Davison who wrote (29597)	2/17/1998 4:09:00 PM
From: BillyG	Read Replies (1) \| Respond to of 50808

Spyglass is up over 20% today on news that it licensed its browser technology to Nokia for digital settop boxes. I wonder what chips Nokia uses in its settops?.............. biz.yahoo.com Tuesday February 17, 9:00 am Eastern Time Company Press Release SOURCE: Spyglass Inc. Nokia Licenses Spyglass Web Technology for Digital Set-top Boxes NAPERVILLE, Ill., Feb. 17 /PRNewswire/ -- Nokia, a leading supplier of digital set-top boxes for cable and satellite, today announced a licensing agreement with Internet pioneer Spyglass Inc.(TM)(Nasdaq: SPYG - news) for up-front Web technology to be integrated in Nokia's next generation of digital cable, satellite and terrestrial set-top boxes. The Spyglass Device Mosaic Web browser will be modified and used by Nokia as an HTML engine; a new open application platform for developing advanced interactive and online television services. As HTML is an open language, low-cost applications can be built by a number of different companies ensuring a wide variety of revenue-generating interactive television services. The openness of HTML will ensure that Nokia's set-top boxes function seamlessly with all cable, satellite and terrestrial operators' systems, and avoid the pitfalls of limited proprietary environments. The inclusion of an HTML engine will allow advanced interactive television services such as: Internet access and Web browsing e-mail interactive advertising home shopping and home banking video on demand pay per view ''This is much more than a Web browser,'' says Helmut Stein, Senior Vice President of Nokia Multimedia Network Terminals. ''Adding an HTML engine to the Nokia platform will enable cable, satellite and terrestrial operators to reap the greatest benefit from their digital networks.'' ''Nokia is already a market leader in DVB set-top boxes,'' says David Harris-Evans, Managing Director of Spyglass Europe. ''By incorporating an HTML engine, they will be the first to market with a set-top box that is not only DVB-compliant, but will also serve as a revenue-generating application platform for the entire cable, satellite and terrestrial industry.'' All Nokia's set-top boxes are DVB (Digital Video Broadcasting) compliant. The DVB standard was established to develop open specifications for advanced cable, satellite and terrestrial networks. It has previously been announced that DVB's Multimedia Home platform would be based on open standards such as HTML. In the U.S., Open Cable, a similar effort spearheaded by CableLabs is underway. Nokia's set-top boxes are expected to comply also with the Open Cable specification. About Nokia Headquartered in Finland, Nokia is a broad-scope telecommunications company supplying mobile phones, mobile and fixed telecommunications networks, data communications solutions, multimedia terminals and PC monitors. With sales in 130 countries, net sales totaled FIM 52.6 billion ($9.8 billion) in 1997. Nokia employs more than 36,000 people worldwide. About Spyglass Inc. Spyglass provides Internet expertise, software and services for making devices work with the Web. Particularly active in the cable and satellite television, wireless telecommunications, consumer electronics and office equipment markets, Spyglass solutions are used by market-leading companies including 3Com, Daimler Benz, GTE, JavaSoft, Nokia, Thomson Consumer Electronics (RCA) and Xerox. Spyglass headquarters are located at 1240 East Diehl Rd., Naperville, Ill., 60563; phone: 630-245-6500; fax: 630-245-6693; press e-mail inquiries: astokes@spyglass.com; Web site: spyglass.com. (February 1998) Spyglass and the Spyglass logo are trademarks or registered trademarks of Spyglass, Inc., in the United States and other countries. Mosaic is a trademark of the University of Illinois. (Other technologies and brand names are trademarks or registered trademarks of their respective companies.) This release contains information about management's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors that are discussed in the company's annual report on Form 10-K for the year ended September 30, 1997, which is on file with the SEC. SOURCE: Spyglass Inc. More Quotes and News: NOK - news Spyglass Inc (Nasdaq:SPYG - news)