I believe Pierre has banged the table a few times about how people will be downloading video soon and it'll take up huge disk space as they will want to keep a certain portion on file. Well, I've been going to annual meetings and listening to conference calls for the last year now waiting for them to start coming over the Internet in streaming audio and now streaming video.
Sure, you can say this is ahead of bandwidth, but actually it would be interesting to know how many people have the bandwidth. Michael Armstrong of AT&T said yesterday the key of their strategy was bandwidth. I believe bandwidth is going to dramatically increase in the US and some European countries in the next year. In fact, there are many projects in China to develop Hybrid Fiber Coax systems from the ground up.
Anyway, can you see yourself downloading 5 or 6 of your favorite company's conference calls, and saving them to disk? How many gigabytes is that?
Regards,
Mark
Nasdaq Partners With Broadcast.Com to Provide Internet Broadcasting Services for Quarterly Earnings Conference Calls
PR Newswire - December 09, 1998 07:59
Nasdaq's Commitment Serves to Accelerate Adoption of Internet Broadcasting as a Standard for Investor Relations and Corporate Communications
DALLAS, and GREENWICH, Conn., Dec. 9 /PRNewswire/ -- Broadcast.com (Nasdaq: BCST), the leading aggregator and broadcaster of streaming media programming on the Web, today announced that it has signed a partnership with The Nasdaq Stock Market, Inc. to provide Internet broadcasting services for quarterly earnings conference calls in a pilot program for Nasdaq-100(R) companies.
Companies in the Nasdaq-100 Index(R) will be invited to participate in the pilot program in early 1999 in which broadcast.com will provide Internet broadcasting services to stream the companies' quarterly earnings conference calls. In the pilot program, each company will be offered up to four live audio broadcasts of quarterly earnings calls per year. Broadcast.com will host the calls on co-branded pages within the broadcast.com web site and promote them to its extensive audience that averages more than half a million unique visitors daily. In addition, visitors to www.nasdaq-amex.com will be able to link to the pages on broadcast.com where they can listen to the calls live or access them later on demand.
"This pilot program is an opportunity to introduce our companies to investors through Internet broadcasting. It will help to level the playing field for individual investors by giving them access to the same information previously available only to a select few on Wall Street," said Alfred R. Berkeley, III, president of The Nasdaq Stock Market, Inc. "We would like to see Internet broadcasting become a standard corporate communications tool for public companies in the near future, and are pleased to experiment with this new technology in partnership with broadcast.com."
"This clearly establishes broadcast.com's turnkey Internet broadcasting services as a standard communications tool for helping public companies achieve their investor relations and corporate communications goals, by reaching customers, shareholders, employees and analysts at their desks with live and on-demand broadcasts," said Todd Wagner, chief executive officer of broadcast.com. "Nasdaq's endorsement brings the investor relations process one step closer to providing timely and full disclosure of corporate information to investors of all sizes, from the individual investor to a large institutional firm."
Wagner added, "Nasdaq has always been a pioneer of innovation for stock markets and market services. We're pleased they've chosen us as their exclusive provider to further their commitment to provide the most advanced technologies and enhanced services for their constituents."
The broadcast.com Business Services Group provides turnkey Internet broadcasting services for hundreds of corporations and organizations, including many leading Nasdaq(R) companies. Broadcast.com delivers live and on-demand audio and video solutions for a variety of corporate communications applications including seminars, product launches, keynote addresses, distance learning, annual shareholder meetings and quarterly earnings calls. Broadcasts can be customized with interactive features including multimedia slide presentations, user registration and tracking, question and answer tools, and archiving.
About Nasdaq
Since its debut as the world's first electronic stock market, The Nasdaq Stock Market(R) has been at the forefront of innovation, using technology to bring millions of investors together with the world's leading companies. On Nasdaq(R), trading is executed through an advanced computer and telecommunications network that serves as the model for stock markets worldwide. Today, The Nasdaq Stock Market lists nearly 5,400 companies and trades more shares per day than any other major U.S. market. It is among the world's best regulated stock markets, employing the industry's most sophisticated surveillance systems and regulatory specialists to protect investors and provide a fair and competitive trading environment. Nasdaq operates under the management of The Nasdaq-Amex Market Group(SM), a subsidiary of the National Association of Securities Dealers, Inc. (NASD(R)), the largest securities-industry, self-regulatory organization in the United States.
For more information about Nasdaq, visit the Nasdaq-Amex Web site at nasdaq-amex.com or the Nasdaq-Amex Newsroom(SM) at nasdaq-amexnews.com.
About broadcast.com
Broadcast.com (Nasdaq: BCST) is the leading aggregator and broadcaster of streaming media programming on the Web with the network infrastructure and expertise to deliver or "stream" hundreds of live and on-demand audio and video programs over the Internet or intranets to hundreds of thousands of users. The broadcast.com Web sites offer a large and comprehensive selection of programming, including sports, talk and music radio, television, business events, full-length CDs, news, video, commentary and full-length audiobooks, serving an average of more than half a million unique users per day. Broadcast.com broadcasts on the Internet 24 hours a day, seven days a week, and its programming includes more than 370 radio stations and networks, 30 television stations and cable networks, and game broadcasts and other programming for over 420 college and professional sports teams. Broadcast.com also provides Internet and intranet broadcasting services to businesses and other organizations, including turnkey production of live and archived press conferences, earnings conference calls, investor conferences, trade shows, stockholder meetings, product introductions, training sessions, distance learning telecourses and media events. For more information on broadcast.com and its live and on-demand programming, visit broadcast.com.
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the acceptance of the pilot program. More information about potential factors which could affect broadcast.com's business and financial results is included in broadcast.com's quarterly reports on Form 10-Q on file with the Securities and Exchange Commission (www.sec.gov).
Broadcast.com cautions investors that its business and financial performance are subject to substantial risks and uncertainties.
SOURCE Broadcast.com
/CONTACT: Sherry Manno of broadcast.com, 214-748-6660,
smanno@broadcast.com; or Scott Peterson of The Nasdaq Stock Market, 202-728-
8955/
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