To: james s who wrote (73 ) 1/21/1999 1:44:00 PM From: Geoff Read Replies (1) | Respond to of 1433
Enron on the Internet? What the hell? This is interesting... =================== Enron Unveils Net-Video Alliance With Software Firm RealNetworks By KATHRYN KRANHOLD Staff Reporter of THE WALL STREET JOURNAL Energy giant Enron Corp. announced Thursday an alliance with RealNetworks Inc. to offer high-quality video to Internet service providers and big corporations over a fiber-optic network it has been building nationwide. The announcement marks Houston-based Enron's first major foray into the online world. Enron, like several electric utilities and energy companies, has been laying fiber-optic lines throughout the country. Joe Hirko, president and chief executive officer of Enron Communications Inc., said the company will have about 15,000 miles in place by the end of this year that stretches from Portland, Ore., down to Los Angeles to Miami. Enron started building its electronic-network strategy in 1997. Last November it acquired a software company, Modulus Inc. of Houston, which created the software that is used on Enron's broadband network. Broadband networks allow users to call up more information faster and with more clarity. Neither Enron nor RealNetworks officials would disclose the size of their investments or detailed financial information about their alliance. However, the two companies have agreed on a revenue-sharing arrangement, officials said. Mr. Hirko said the company will provide a package of products to customers called the "Enron Intelligent Network." RealNetworks' software, which allows users to access videos, news shows and music on their computers, will be the first significant product, he said. RealNetworks says it currently has about 85% of the market for such "streaming-media" products. Mr. Hirko said Enron will begin delivering the product in late March or early April. He said, "the national network is 'lit' and in testing." Mr. Hirko said the key market for Enron's network and software package will be Internet service providers, regional telecommunication access providers and content providers that want to deliver a higher-quality video. Over the past year, Len Jordan, senior vice president of media for Seattle-based RealNetworks, said more and more people are watching events, such as the State of the Union address, on their computers by accessing it through the Internet. Mr. Jordan said Enron's broadband network coupled with the software will make images much more fluid and continuous. Instead of getting around eight frames a minute with a regular telephone line, Mr. Jordan said, Internet users will be able to get some 30 frames per second. "We can deliver much better quality video," he said.