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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: Alex Dominguez who wrote (5243)	4/8/1998 10:19:00 AM
From: Alex Dominguez	Read Replies (1) \| Respond to of 6297

SANTA CLARA, Calif.--(BUSINESS WIRE)--April 8, 1998--Peter J. Sprague, former chairman of National Semiconductor Corp., has joined the board of directors of InnovaCom, Inc., (OTC/BB:MPEG.O) developer and manufacturer of a full line of video compression products and digital video equipment for television and commercial applications. Mr. Sprague is currently chairman and chief executive officer of Wave Systems, Inc., (OTC/BB:WAVX.O) and a director of Enlighten Software Systems, Inc. He was chairman of the board of National Semiconductor for 30 years, from 1966 to 1996. He was also chairman of Aston Martin, Ltd., from 1975 to 1980 and chairman of Advent Corporation also from 1975 to 1980. Mark C. Koz, chairman of InnovaCom, said "The appointment of Peter Sprague, coupled with our announcement this week that Tom Burke was named president and chief executive officer, signals a new level of strength in the management and board team of the company." "There is a high degree of synergy between Wave Systems and InnovaCom that includes mutual interests in encryption, metering, and compression technologies for video distribution. As the bandwidth explosion continues we will be able to profitably link any video source to any consumer anywhere on earth. I look forward to working with the InnovaCom team to realize this vision," Mr. Sprague said. InnovaCom is located at 3400 Garrett Drive, Santa Clara, Calif. 95054. Telephone is 408/727-2447 (CHIP) or 888/464-6734. Fax is 408/727-6625. Press Relations contact is Carter Elliott at 408/997-9660. Visit InnovaCom's web site at innovacom-mpeg2.com. --30--jar/sf* CONTACT: InnovaCom, 408/727-2447 or 888/464-6734 Carter Elliott, (Press Relations) 408/997-9660 innovacom-mpeg2.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire