To: Dick Smith who wrote (12953 ) 2/24/1998 3:05:00 PM From: Moonray Respond to of 22053
Companies Team to Provide Wireless System Offering Real-time Financial Information; Reuters Marketclip Ports Stock Quotes to the Palmpilot Via the Minstrel Modem SAN DIEGO--(BUSINESS WIRE)--Feb. 24, 1998--Novatel Wireless, Aether Technologies International and Reuters America have joined forces to provide PalmPilot(TM) users with wireless access to real-time financial information for U.S. equities through the Minstrel(TM) modem from Novatel Wireless. Reuters MarketClip, an interactive wireless financial system available on 3Com's PalmPilot, provides users with instant access to the information that they need most--stock quotes, charts, market summaries, volume and price alerts and news headlines. Developed in cooperation with Aether Technologies LLC, an integrator of high-end wireless data systems, Reuters MarketClip provides the mobile professional investor with the information they need and the flexibility they demand. Reuters MarketClip allows users to access unlimited information for a flat monthly fee of $115. Novatel's Minstrel Wireless IP Modem, a lightweight modem cradle custom designed for the PalmPilot, provides wireless access to Reuters MarketClip's PalmPilot users. Using cellular digital packet data (CDPD) technology and the standard Internet Protocol, Minstrel equips the PalmPilot with two-way wireless data capability at speeds up to 19.2 kbps. CDPD provides advanced encryption and verification techniques to ensure secure, confidential communications. Available in March 1998, Minstrel has an anticipated price of $399 plus activation fees. With a built-in TCP/IP stack, Minstrel can be used for custom application development or with third party software applications utilizing the PalmPilot Professional's TCP/IP stack. "To be a successful member of the financial community, it's imperative to keep on top of news and price changes the moment they occur," said Aether Technologies President David Oros. "With Reuters MarketClip, financial professionals and investors can receive that mission-critical information in the palm of their hand." "We are very pleased to work with Aether and Reuters to provide the wireless connectivity to the Reuters MarketClip/PalmPilot financial tool," added Ambrose Tam, president of Novatel Wireless. "Busy financial professionals rely on real-time data to make their business decisions, and the Minstrel modem puts information at their fingertips wherever they are - at the Stock Exchange, at a power lunch or on the commuter train." "Novatel's Minstrel modem gives Reuters MarketClip customers using the Palm Pilot platform instant access to time-critical financial information," said Sarah Dunn, executive vice president, Reuters America. "Our subscribers will be able to use Reuters MarketClip's wireless solution to access crucial information they need virtually anytime and anywhere." Based in Owings Mills, Md., Aether Technologies International is the world leader in the development of wireless data products and services providing real-time, mission-critical information to investors and professionals in the financial marketplace. Novatel Wireless Inc. is a leading-edge wireless communications company with over 14 years of cellular experience. The company designs and markets low-cost, turnkey wireless solutions for mobile users. Novatel's product portfolio includes wireless solutions for laptops, handheld PCs and PDAs, and OEM modules for vertical applications. Novatel Wireless is a privately held company headquartered in Phoenix. For more information, please visit the Novatel Wireless Web site: www.novatelwireless.com or call 888/888-9231. Reuters (NASDAQ:RTRSY ) supplies the global business community and the news media with a wide range of products including real-time financial data, transaction systems, access to numerical and textual historical databases, news, graphics, photos and news video. Information is obtained from around 260 exchanges and over-the-counter markets, from 4,800 subscribers who contribute data directly to Reuters and from a network of 1,975 journalists, photographers and cameramen. For more information on Reuters MarketClip visit www.marketclip.com or call 888-9STOCKS. NOTE TO EDITORS: Minstrel is a trademark of Novatel Wireless Inc. PalmPilot is a trademark of 3Com or its subsidiaries. o~~~ O