Printer Friendly

SPECTRUM HOLOBYTE: CEO AND PRESIDENT JOIN CHAIRMAN LOUIE FOR STRONG POSITION IN INTERACTIVE ENTERTAINMENT MARKET

 LAS VEGAS, Jan. 6 /PRNewswire/ -- Spectrum HoloByte, a leading developer and publisher of interactive computer entertainment, today announced the formation of a new executive management team. In a move calculated to strengthen the company's position as a market leader, Patrick S. Feely will head the team as chief executive officer with Barry James Folsom as president. They join former chief executive officer Gilman G. Louie, who has been named chairman.
 Vinod Khosla of Kleiner Perkins Caufield & Byers, Spectrum HoloByte's principal investor, believes the new team's high level of expertise in the technology and consumer markets ensures the company's continued growth in 1993 and beyond. "As the computer-entertainment market shifts to a consumer market, experienced management is vital to maintaining and building the company as a leader in both technology and merchandising," said Khosla. "With its management team in place, Spectrum HoloByte is unique in having such a diverse and proven mix of expertise."
 As chief executive officer, Patrick Feely will be responsible for the company's overall operations with concentration in finance, sales and marketing. Feely's 10-plus years of top-level executive management include president of Bandai of America; president of Tonka Toys Products, where he was instrumental in introducing Sega products to the American market; and vice president, Marketing Services and Administration of Mattel Inc. Feely holds a BA in psychology from Duke University and an MBA from the University of Michigan.
 Incoming President Barry James Folsom brings a wealth of experience in the software engineering and computer industries having served as chief executive officer/president of hardware-giant Radius Inc. While at Radius, Folsom led the company's growth in revenues by 47 percent within a 12-month period, boosting sales to $155 million. Prior to Radius, Folsom was vice president/general manager at Sun Microsystems. Folsom's concentration will be in Spectrum HoloByte's research-and- development arm and its affiliated label program and operations. He holds a BS in electrical engineering and MS in Computer Science from Georgia Institute of Technology.
 Spectrum HoloByte founder Gilman Louie will now serve as chairman. His primary focus will be in seeking new investment opportunities for the company. An acknowledged pioneer in the computer-game industry, Louie founded software development house Nexa Corp. which merged with publisher Spectrum HoloByte of Colorado in 1986 to form Sphere Inc. As chairman and chief executive officer of Sphere, he led the company's growth from revenues of $2 million in 1987 to $14 million in 1992.
 Spectrum HoloByte Inc., a developer and manufacturer of interactive computer simulation and video-games software, was formed in September 1992 when Sphere Inc. financed its independence from former controlling holders SWICO, a charitable trust. Key investors include Kleiner Perkins Caufield & Byers, Integral Partners, AT&T Ventures Corp. and Stanford University.
 Spectrum HoloByte is best known for its products Falcon, the popular F-16 flight simulation and Tetris, the famous game of falling blocks. Spectrum HoloByte has a long-term agreement with Edison Brothers of St. Louis to develop software for consumer-based virtual-reality technology. Most recently, the company entered into an agreement with Paramount Pictures which provides Spectrum HoloByte the exclusive license to produce computer and video games using the name and characters from the hit television series "Star Trek(R): The Next Generation."(TM) Spectrum HoloByte is a privately held corporation.
 -0- 1/6/93
 /CONTACT: Tom Byron or Judy Biletnikoff of Spectrum HoloByte, 510-522-3584, or fax, 510-522-3587/


CO: Spectrum HoloByte Inc. ST: California IN: CPR SU: PER

SG-GT -- SF003 -- 2011 01/06/93 07:00 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 6, 1993
Words:577
Previous Article:SPECTRUM HOLOBYTE ANNOUNCES NEW RELEASES AT WINTER CES; CHESS SPOOF, NBA BASKETBALL AND CD-ROM GAME TOP LIST
Next Article:APPLE UNVEILS COLLECTION OF COLOR AND GRAYSCALE IMAGING PRODUCTS FOR MAINSTREAM MACINTOSH USERS
Topics:


Related Articles
SPECTRUM HOLOBYTE ANNOUNCES NEW RELEASES AT WINTER CES; CHESS SPOOF, NBA BASKETBALL AND CD-ROM GAME TOP LIST
INTERACTIVE ENTERTAINMENT DEVELOPER SPECTRUM HOLOBYTE RECEIVES $10 MILLION IN SECOND ROUND OF FUNDING
SPECTRUM HOLOBYTE ACQUIRES BULLET-PROOF SOFTWARE USA; 'YOSHI'S COOKIE' EXPECTED LATE MAY FOR SUPER NINTENDO ENTERTAINMENT SYSTEM
SPECTRUM HOLOBYTE ENTERS THE FLOURISHING EDUTAINMENT MARKET; SIGNS AFFILIATED-LABEL DEAL WITH AVTEX INTERACTIVE MEDIA
'STAR TREK: THE NEXT GENERATION' MULTIMEDIA GAMES HIT EARTH AT CES, FROM SPECTRUM HOLOBYTE BOOTH NO. 6545, PAVILION B
SPECTRUM HOLOBYTE LAUNCHES 'STAR TREK: THE NEXT GENERATION' INTERACTIVE ADVENTURE SERIES, RELEASE OF SUPER NINTENDO ENTERTAINMENT SYSTEM GAME
SPECTRUM HOLOBYTE MAKING STRIDES IN DEVELOPMENT OF INTERACTIVE ACTION FLYING GAME BASED ON 'TOP GUN(R)' BLOCKBUSTER MOVIE
SPECTRUM HOLOBYTE, INC. PROVIDES UPDATE ON STAR TREK: THE NEXT GENERATION 'A FINAL UNITY' UPCOMING TITLE FOR PC CD-ROM
Cap Cities, Spectrum plan ABC Sports titles.
Spectrum HoloByte, Inc. Appoints Ken Balthaser Senior Vice President, Studios

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters