NETGEAR Selects ShareWave Technology for Wireless Home Networking Products; New Products Extend Broadband Connections Throughout the Home.SAN FRANCISCO--(BUSINESS WIRE)--April 14, 1999-- ShareWave, Inc., an ingredient supplier of multimedia-capable wireless home networking technology, today announced that NETGEAR has adopted ShareWave(TM) Digital Wireless technology for a new line of wireless home networking products. NETGEAR, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony (NYSE NYSE See: New York Stock Exchange :NT), will incorporate ShareWave Digital Wireless into a family of wireless networking See wireless network. modules. These solutions will be targeted to consumers and will be available later this fall through NETGEAR's retail partners. "We are excited to provide our customers with a wireless home networking solution," said Patrick Lo, vice president and general manager of NETGEAR. "Wireless technology allows us to expand our home networking options worldwide and allow everyone to enjoy high-speed home networking that is, in the tradition of NETGEAR products, easy to install and use, affordable, and guaranteed." Using ShareWave's technology, NETGEAR will add a family of wireless networking products that interfaces to NETGEAR's existing family of products, including those based on Ethernet and home phoneline See HomePNA. wiring. NETGEAR will offer ShareWave-based networking solutions that extend high-speed Internet connections, such as cable, ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. and xDSL modems, to other networked devices throughout the home. As a result, consumers can access computer content and peripherals, as well as broadband connections and services, from any location in the home. "ShareWave provides the only multimedia-capable wireless home networking solution that supports all media types, from data to video," said Jim Schraith, ShareWave president 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. . "Consumers will soon have a high-speed, low cost, wireless option for distributing broadband Internet connections everywhere in the home; something that isn't achievable with today's low Today's Low The intra-day low trading price. Notes: In other words, this is the lowest price that a stock traded at during the course of the day. More often than not this is lower than the closing price. See also: Today's High speed solutions." About ShareWave Digital Wireless ShareWave Digital Wireless is a portfolio of technologies that enables real-time multimedia-capable digital wireless connections among a variety of devices throughout the home. Devices built using ShareWave Digital Wireless are capable of sharing multimedia content including video, audio, voice, and data. These devices can also share external high-speed connections, as well as local capabilities such as processing power, storage and peripherals. Products that incorporate ShareWave Digital Wireless provide the end user with several key benefits, including the ability to interconnect PCs, phones, TVs and other Internet devices over a single high-speed wireless network. These capabilities enable consumers to access many types of new broadband services, including VoIP (Voice over IP), video on demand, and high-speed Internet access from convenient locations and activity-appropriate devices anywhere in and around the home. ShareWave Digital Wireless is the industry's fastest home networking solution enabling data rates of 4 Mbps today and 11 Mbps before the end of the year. About NETGEAR NETGEAR was founded in January 1996 as a business unit of Bay Networks, a wholly owned subsidiary of Nortel Networks(1) (NYSE:NT). NETGEAR's mission is to serve the small-office and home-office (SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. ) market with economical, easy-to-install, powerful networking solutions. NETGEAR's family of scalable connectivity products includes: 10, 100 and 10/100 Mbps hubs, switches and adapter cards; network starter kits; ISDN routers and modems; and print server hubs. Nortel Networks delivers value to customers around the world through Unified Networks(1) solutions, spanning mission-critical telephony and IP-optimized networks. Customers include public and private enterprises and institutions; Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. ; local, long-distance, cellular and PCS communications companies, cable television carriers and utilities. Nortel Networks' common shares are listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Toronto, Montreal, Vancouver, and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . Nortel Networks had 1998 revenues of US$17.6 billion and has approximately 75,000 employees worldwide. (1) Nortel Networks, the Nortel Networks Globemark, Unified Networks and How the world shares ideas are trademarks of Northern Telecom Limited. Bay Networks and NETGEAR are trademarks of Bay Networks Inc. Other brand and product names are registered trademarks or trademarks of their respective holders. About ShareWave Founded in September 1996, ShareWave, Inc., is an ingredient supplier of multimedia-capable digital wireless home networking technology. ShareWave supplies highly integrated chipsets, network protocols, network software, and RF radio designs to the leaders of the computing, consumer electronics, and networking industries. ShareWave's vision is to establish a high-speed, multimedia-capable digital wireless network in the home that provides consumers with unrestricted access to the digital content they want, where and when they want it. ShareWave is privately held with its headquarters in El Dorado Hills, Calif. ShareWave has received funding from Ameritech Corporation, APV APV See: Adjusted Present Value Technology Partners, Cisco Systems, Draper Richards, L.P., Intel Corporation, Microsoft Corporation, Philips Electronics NV Philips Electronics NV in full Royal Philips Electronics NV Dutch Koninklijke Philips Electronics NV Major Dutch manufacturer of consumer electronics, household appliances, lightbulbs, and imaging equipment. , Softbank Technology Partners, Vulcan Ventures, Inc., and other public and private investors. Additional information on ShareWave can be accessed via the company's web site at www.sharewave.com. Note to Editors: ShareWave, ShareWave Digital Wireless, Whitecap, NAMI NAMI National Alliance for the Mentally Ill (now National Alliance on Mental Illness) NAMI National Alliance on Mental Illness (formerly National Alliance for the Mentally Ill ) NAMI Naval Aerospace Medical Institute , Cresta, the Multimedia Furnace, and the "Magic Box" design mark are trademarks of ShareWave, Inc. in the United States and foreign countries. Nortel Networks, the Nortel globemark and How the world shares ideas are trademarks of Northern Telecom. NETGEAR and Bay Networks are trademarks of Bay Networks, Inc. All other marks referenced are those of their respective owners. |
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