To: Carl T Hammerdorfer who wrote (36750 ) 10/15/1998 3:00:00 PM From: John Rieman Respond to of 50808
EchoStar readies two-way service..........................skyreport.com EchoStar Buys Media4, Eyes Broadband Satellite Solution EchoStar Communications is acquiring privately-held Media4, an Atlanta, Ga.,-based supplier of broadband satellite networking equipment for personal computers, in its continuing efforts to expand into the data and interactive realm. EchoStar said it would issue approximately 400,000 shares of DISH common stock for 100 percent ownership of Media4. The purchase of Media4 follows EchoStar's other announcement, a partnership with OpenTV. OpenTV's technology will allow the satellite company to provide a nationwide interactive-TV service featuring e-mail, Internet access and electronic commerce. EchoStar will use interactive-TV software and technology from OpenTV. The Mountain View, Calif.,-based company supplies interactive content and services to 1 million TV viewers, mostly in Europe. Media4, founded in 1995, is a supplier of PC-based, digital video broadcast (DVB) compatible satellite transmission products. Its flagship product line - MediaStream - is a software-driven, DVB-compatible satellite uplink system that provides DVB receiver technology and application software. Products can be used for video distribution, distance learning, remote caching and broadband Internet access. Media4 will continue to sell MediaStream to private network operators and corporations that have broadband IP traffic over satellite. The company's 35 employees would become part of EchoStar, and will operate an East Coast base for EchoStar's engineering and satellite services organizations. EchoStar announced plans in August 1998 for broadband data delivery and high-speed satellite broadcast. The goal is to provide subscribers with higher quality video, audio and more multimedia options than that offered in wire-based technology. "By converging TV and the Internet, EchoStar could offer a new medium for producers, broadcasters and viewers to create interactive content for nationwide broadband delivery, allowing subscribers to interact with programming and with other viewers at the same time via personal computers," the company said in a statement.