AppStream Receives Equity Investments From Deutsche Banc Alex. Brown, Intel, Sun Microsystems and Qualcomm Co-Founder Dr. Andrew Viterbi.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Oct. 30, 2000 AppStream, Inc. (www.appstream.com), a pioneer of intelligent network-based computing, today announced it has received equity investments from Deutsche Banc Alex. Brown, Intel Capital and Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. (Nasdaq:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ), which increase AppStream's second round of financing to $35.5 million. Qualcomm co-founder Andrew Viterbi Andrew James Viterbi, Ph.D. (born March 9, 1935) is an Italian-American electrical engineer and businessman. Viterbi was born in Bergamo, Italy to Jewish parents and emigrated with them in 1939 to the United States as a refugee. , widely hailed as the genius behind digital wireless communications, also contributed to the round. The round was led by JK&B Capital and includes Goldman Sachs (NYSE NYSE See: New York Stock Exchange :GS), Evergreen, Computer Associates, Mitsubishi Corporation and previous investor Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. . In addition to the investment, AppStream will collaborate with Intel and Sun to pursue joint development and marketing activities. "Appstream's intelligent streaming technology will make high-performance, network-based computing a reality," said Uri Raz, founder and chief executive officer of AppStream. "Both Intel and Sun recognize the global implications of creating a new software architecture like this, and will be working with AppStream to make it happen." "The network computing model faces a significant barrier when applications and services can't overcome scale and performance issues of the network," said Will Swope, vice president and general manager, Intel Solutions Enabling Group. "This investment in AppStream, a leading provider of software solutions for the new network-based computing software architecture, advances Intel's strategy to support the next generation of Internet software services and provide a more balanced computing environment for the server, the client and the network." "AppStream technology complements Sun's strategy to enable high performance Java(TM)-based applications on any networked or wireless device," said Doug Kaewert, vice president, Market Development at Sun Microsytems, Inc. "By eliminating network constraints, AppStream's streaming technology gives enterprises and ASPs a better way to get robust Java applications to more users." Widely hailed for his contributions that enabled Qualcomm (Nasdaq:QCOM QCOM Qualcomm, Inc. (stock symbol) ) to develop its breakthrough CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. technology, Dr. Andrew Viterbi will be available for advice on wireless communications for AppStream. Dr. Viterbi added, "With the power of wireless handsets increasing, the expectation that they can deliver highly functional applications is increasing accordingly. AppStream's ability to predictively stream applications to the handset will make efficient, interactive wireless computing a reality." Recognized for his contributions to QUALCOMM's core technologies of satellite and terrestrial digital wireless communications, Dr. Viterbi has been involved in developing CDMA for wireless communications and evangelizing the technology throughout the world. His earlier inventions are used in the vast majority of digital wireless phones, data terminals and digital satellite broadcast receivers. Dr. Viterbi served as QUALCOMM's chief technical officer from July 1985 through July 1996 and as Vice Chairman from July 1985 through March 2000. Prior to co-founding QUALCOMM, Dr. Viterbi co-founded LINKABIT Corporation, where he served as executive vice president and later as president. About AppStream AppStream provides enabling technologies that facilitate faster, richer, more intelligent network-based computing. AppStream's flagship technology, AppStream for Java(TM) Technologies, requires no re-engineering to improve the performance, manageability and scalability of Web-enabled applications on any connected or wireless device. The company was named by Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: as one of the "Ten Private Companies to Watch in 2000" and won "Best of Show" and "People's Choice" awards at Networld+Interop 2000. AppStream is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with headquarters in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. and R&D in Tel Aviv, Israel. Note to Editors: All trademarks are property of their respective owners. Sun, Sun Microsystems, the Sun logo, Java and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems in the United States and other countries. |
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