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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?


To: Maya who wrote (41183)5/17/1999 12:27:00 PM
From: DiViT  Respond to of 50808
 
ESS DVD Solution Selected by Acer...

(Releated Cube press release: c-cube.com )

FREMONT, Calif., May 17 /PRNewswire/ -- ESS Technology, Inc. (Nasdaq: ESST - news) today
announced that Acer® Group (Taipei, Taiwan) has incorporated ESS Technology's DVD solution
into its new DVD player.

''With the combination of ESS' full-featured Swan(TM) DVD solution and Acer's system design
expertise as well as efficient manufacturing infrastructure, we can create DVD players with
competitive advantages in price, performance and consumer applications for the growing DVD
opportunities worldwide,'' stated Mr. Rick Lei, Vice President & General Manager of Computer
and Consumer Business Unit of the Acer Group.

ESS' Swan(TM) DVD solution, the ES4308, is designed to offer a highly integrated and
cost-effective DVD Player solution with a new level of digital video and audio performance for the
Consumer Electronics market. It is based on a production-proven Programmable Multimedia
Processor (PMP) core architecture, consisting of a 32-bit RISC CPU and a 64-bit Video Processor
Engine. Key features include a built-in CPU for DVD navigation, MPEG-2 video & Dolby Digital
decoding, sub-picture decoding, Content Scrambling System, On Screen Display processing, NTSC
disc to PAL display and vice versa with SmartScale(TM), and S/PDIF digital audio output.

The ESS Swan(TM) DVD solution is fully backward compatible with the SuperVCD, Video CD
2.0, and Interactive VideoCD 3.0 standards, as well as the Audio CD standard. This allows
consumers to enjoy the new DVD entertainment experience and still be able to play all the existing
video or CD titles on the market.

''Acer is a proven leader in Taiwan and South East Asia DVD player markets. Acer also has strong
name brand presence in Europe and Latin America,'' said Johnston Chen, Vice President of
Consumer Products at ESS. ''We are very pleased to have Acer launch its DVD players based on
ESS' SWAN(TM) solution. Our flexible architecture prepares Acer and other OEMs to extend
DVD functions to applications such as Web Browser and Internet Phone, all based on the same
platform.''

About The Acer Group

Founded in 1976, the Acer Group's business includes research, manufacturing and marketing of
personal computers, consumer electronics, motherboards, communications products, computer
peripherals, and semiconductors. Acer also provides Internet services, application software and
intellectual property, and is developing digital services. Acer is one of the world's top 10 personal
computer brands, with 1998 revenue of US$6.7 billion. More than 28,000 employees work at
Acer's 120 affiliates in 37 countries. The parent company, Acer Inc., is Taiwan's largest
importer/exporter as well as its largest private-sector manufacturer. Acer's Web address is
acer.com.tw.

About ESS Technology

ESS Technology, Inc. supplies Internet, modem, PC audio and digital video solutions for the
Internet, PC and consumer markets. ESS designs, develops, and markets highly integrated mixed
signal semiconductor, hardware, software and system solutions for Internet, PC and multimedia
applications. ESS, headquartered in Fremont, California, has sales and technical support offices in
Austin and Houston, Texas; Irvine, California; Bellevue, Washington; Beijing and Shenzhen, China;
Tokyo, Japan; Taipei, Taiwan; Seoul, Korea; and Hong Kong. ESS Technology is listed on the
Nasdaq Market System under the symbol ESST. World Wide Web site: esstech.com.

The matters discussed in this news release include certain forward looking statements that involve
risks and uncertainties, including, not limited to, the timely availability and acceptance of the
Company's new products, the impact of competitive products and pricing, the dependence on
continued growth in demand for PC and consumer multimedia products, as well as the other risks
detailed from time to time in the SEC reports of ESS, including the reports on Form 10-K and Form
10Q. Actual results could differ materially from those projected in the forward-looking statements.

SOURCE: ESS Technology, Inc.




To: Maya who wrote (41183)5/17/1999 12:27:00 PM
From: Black-Scholes  Read Replies (3) | Respond to of 50808
 
Is it my imagination or is CUBE starting to take a disproportionate larger share of the emerging set top box market? This new Pace win is rather significant. No?

This could easily add another $40-$50 million in revenue for 2000. No?