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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (3327)	5/12/1999 12:04:00 PM
From: esecurities(tm)	Read Replies (1) \| Respond to of 4231

INTERNET--(esecurities.W)--May 12, 1999 - IBM to Supply CPU for Next-Generation Nintendo Console. IBM, Nintendo Team for Video Games NEW YORK (AP) - IBM Corp. will supply the processor for Nintendo's next-generation video game system. Nintendo Co. disclosed those plans today in Tokyo as it announced it will be developing its next game cosole in partnership with Japan's Matsushita Electric Industrial Co. Under the alliance, Matsushita will provide digital video disc drives for the new Nintendo game machine, which will go on sale worldwide at the end of 2000. IBM will make a custom computer chip for the new console based on its PowerPC processor. That will allow the machine to display more lifelike images than the Nintendo 64 system now on the market. The New York Times reported today the pact between IBM and Nintendo is a $1 billion agreement. The combination of IBM and Nintendo follows similar linkups by fellow Japanese giants Sony Corp. (NYSE:SNE - news) - with Toshiba Corp. - and Sega Enterprises Ltd. - with Microsoft Corp. (Nasdaq:MSFT - news) - as the companies vie for a piece of the $6 billion game market. The next generation of game machines is expected to take on a wide variety of computing tasks, including Internet linkups, music and video entertainment. Sega Enterprises will release its next-generation Dreamcast, in the United States in September, while Sony is expected to release its PlayStation II in Japan this year and in the United States by Christmas 2000. Sony currently accounts for about 60 percent of the U.S. market for video game machines with its PlayStation system, while Nintendo holds more than 30 percent; Sega has less than 5 percent..." SOURCE: 1999 (AP) Wednesday May 12 10:01 AM ET dailynews.yahoo.com &copy 1999 SiliconNewswire.com. All Rights Reserved.