Caterpillar Leverages the PictureTel 900 Series Integrated Collaboration Platform; iPower Solutions Gather Market Momentum.Business Editors/Hi-Tech Writers ANDOVER, Mass.--(BUSINESS WIRE)--Sept. 27, 2000 PictureTel(R) Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PCTL PCTL Percentile PCTL Prioritized Candidate Target List ), the world leader in integrated collaboration, announced today that Caterpillar caterpillar (kăt`əpĭl'ər, kăt`ər–), common name for the larva of a moth or butterfly. Caterpillars have distinct heads and are segmented and wormlike. Inc. has standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. on the new PictureTel 900 Series integrated collaboration platform An emerging category of computer software, collaboration platforms are unified electronic platforms that support synchronous and asynchronous communication through a variety of devices and channels. . The PictureTel 960 and 970 became generally available for shipment to customers on Monday, August 14, 2000. The PictureTel 900 Series products utilize the next-generation iPower(TM) integrated collaboration architecture developed jointly by PictureTel and Intel. Caterpillar Inc. purchased the PictureTel 900 Series from PictureTel partner Acoustic, Inc. Acoustic, founded in 1987, is a full-service communications integration company headquartered in Plymouth, Minnesota Plymouth is a city in Hennepin County, Minnesota, United States. The population was 68,978 at the 2005 census, making it the seventh largest city in the state of Minnesota. Plymouth operates under a council-manager form of government. . Acoustic specializes in the design, installation, and support of multimedia systems. Caterpillar Inc. will utilize the PictureTel 900 Series systems for executive-level meetings, data collaborative design for products, and multi-point conferences to bring global business groups together. The new generation systems will allow Caterpillar Inc. to implement its long-term strategy of video transmission over an IP (H.323) environment. Caterpillar Inc. is the world's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. As one of the Fortune 500, Caterpillar Inc. and its dealers sell products in nearly 200 countries and sponsor events that promote the company's growth-oriented high-tech strategy. The iPower architecture, as embodied in the PictureTel 900 Series products, is a breakthrough technology that finally gives users as much power and flexibility to share information in a meeting with remote sites as most users enjoy in meetings at one location. Full resolution slides and PC information is simply provided at all sites with the touch of a button. Complete, full-resolution interaction with the user's LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. or the Internet is a built in feature. The systems feature the most powerful system management capabilities of any product in this class of communications equipment. "Over the years, as the videoconferencing A real time video session between two or more users or between two or more locations. Although the first videoconferencing was done with traditional analog TV and satellites, inhouse room systems became popular in the early 1980s after Compression Labs pioneered digitized video systems industry has matured, we have learned a great deal about how to promote productive collaboration," said Norman Gaut, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at PictureTel Corporation. "We have learned that you must enable users to share ideas simply (TM) - with technology that is user friendly to the point that the medium does not distort the message. This is our goal, and this is what we have achieved with the new PictureTel 900 Series. Users can easily share ideas and many different flavors of content - from corporate databases to email messages to Web pages. The ability to pull in this supporting information empowers teams to make decisions with best-available information - re-creating natural interaction common in single-location meetings." About PictureTel PictureTel Corporation (NASDAQ: PCTL) is the world leader in developing, manufacturing, and marketing a full range of visual- and audio- collaboration platforms. PictureTel also owns 1414c, a communications ASP that greatly simplifies the network complexity inherent in mixed rich media collaboration. PictureTel markets network conferencing servers in addition to the complete range of end-point products and delivers a global capability to service, support and provide complete solutions for customers needing rich media communications. PictureTel is fundamentally in the business of eliminating the barrier of distance, enabling people to be Anywhere Now. This release includes projections and other forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. about the company's revenues, earnings, and other measures of economic performance. Actual results could differ materially from forecasts due to many factors such as, for example, competitive pressures, changes in technology, and the difficulty in forecasting in overseas markets and indirect channels. Additional information concerning risks that could cause actual results to differ is contained in the company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its Form 10-Q Form 10-Q See 10-Q. as filed with the SEC. The company undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise. PictureTel is a registered trademark of PictureTel Corporation. PictureTel 900 Series, iPower, Share Ideas Simply and Anywhere Now are trademarks of PictureTel Corporation. All other terms and products names may be trademark or registered trademarks of their respective owners. |
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