To: The Perfect Hedge who wrote (15267 ) 9/21/1998 5:31:00 PM From: Jeff Jordan Respond to of 120523
Infoseek, Disney To Develop Network SUNNYVALE, Calif. (Reuters) - Internet service provider Infoseek Corp. and entertainment operator Walt Disney Co. announced today a new Internet portal service to search the Web. The service, to be called Go Network, will be available at www.GO.com to the public later this year, according to a statement released by Infoseek President and Chief Executive Officer Harry Motro and Buena Vista Internet Group Chairman Jake Winebaum. According to Relevant Knowledge, and based on the July 1998 Web Report, Go Network will have the third largest unduplicated reach on the Internet, in terms of unique visitors and would rank ahead of Microsoft and Netscape, and behind Yahoo and AOL. "Go Network is a cutting-edge initiative that fits perfectly with our company's overall mission," said Michael D. Eisner, chairman and CEO of Walt Disney. "And that mission is to provide quality entertainment and information to audiences at a wide range of established and emerging ventures. The portal was first discussed by the companies as part of a strategy for Infoseek to acquire Starwave Corp., majority-owned by Walt Disney. Walt Disney would then acquire additional shares of Infoseek resulting in an approximately 43 percent stake in Infoseek and also purchase warrants from Infoseek enabling it to achieve a majority stake in Infoseek over time. This transaction is subject to customary closing conditions, including shareholder approval. Development c osts were not provided in the statement. Broadcom To Unveil New Home Chip - WSJ NEW YORK (Reuters) - Broadcom Corp., in a major boost for Internet access through television cables, is expected to announce a single computer chip that contains the complicated circuitry needed for home connections, the Wall Street Journal reported today. By packing the circuitry for meshing TV signals and computer data onto one chip instead of three, Broadcom is expected to sharply cut the cost of home equipment for an emerging market, according to people in the industry, the report said. A Broadcom spokeswoman said the Irvine, Calif., company's announcement could come as soon as Monday. Fa ster-than-expected miniaturization of complex circuitry also could hasten the connection of phones and other d evices to TV cable, technology analysts said, according to the report. QUALCOMM unveils digital smartphone SAN DIEGO, Calif., Sept. 21 (UPI) - QUALCOMM Inc. has announced its new pdQ smartphone, an all-in-one digital phone and pen-based organizer that integrates QUALCOMM's CDMA wireless technology with 3Com's Palm Computing platform. QUALCOMM says it will commence market trials with both a dual-mode 800 MHz digital/analog version and a single-mode 1900 MHz digital version of the pdQ in the fourth quarter. Commercial availability is expected in the first half of next year. The company is a pioneer in the CDMA or Code Division Multiple Access digital wireless technology, The company says the pdQ combines the capabilities of their Palm Computing organizers with the QUALCOMM CDMA digital phone. It says with the new phone, users can reduce the number of communication devices they carry to one, while expanding voice and data capabilities. The smartphone provides users with the ability not only to make voice calls, but also to keep track of appointments, catalog contact information, send and receive email, surf the Internet, and receive alpha numeric pages, all from one device. The device measures 15.7cm x 6.7cm x3.5cm, and weighs 229 grams. c 1998 UPI. All rights reserved. Republication or