Samsung Electronics Selects the PictureTel 600 Series.Business Editors/Hi-Tech Writers ANDOVER, Mass.--(BUSINESS WIRE)--July 30, 2001 Leading Electronics Manufacturer To Harness iPower for Remote Work Group Collaboration See collaborative software. , Distance Learning, and Research and Development 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, today announced that Samsung Electronics Samsung Electronics (SEC, Hangul:삼성전자; KSE: 005930, KSE: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation and the world's largest and leading electronics and information technology company. has selected the new PictureTel 600 Series(TM) 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 600 Series products utilize the next-generation iPower(TM) integrated collaboration architecture, developed jointly by PictureTel and Intel. Samsung Electronics Co. Ltd. is a global leader in semiconductors, the consumer electronics industry, and digital convergence In the days of the first computers, transaction and company data were the first types of information digitized. Then came text, opening the world to word processing, followed by audio CDs and finally video. technology. With year 2000 sales of US $27 billion, Samsung Electronics employs approximately 66,000 people in 46 countries. Samsung will deploy the PictureTel 600 Series in London, Moscow, Dubai, Beijing, Singapore, 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 , Seoul, and Suwon in Korea. With more than 25 production bases, 36 marketing subsidiaries, and 23 overseas offices in 46 countries around the world, Samsung will leverage the significant cost efficiencies of the integrated collaboration platform - harnessing the solution for remote work group collaboration, distance learning, and research and development. "Samsung's global strategy has driven a strong focus on deploying technologies that enable us to best harness our dispersed resources," states Dong Hyuk Joo, manager of Product Strategy Team, Samsung. "When an engineer can participate in a one-hour meeting - and then get back to work, rather than participate in a one-hour meeting and then spend two days traveling back to his or her office - this is powerful, from a productivity standpoint and from a human standpoint. We are migrating from the PictureTel SwiftSite products to the iPower family due to the excellent audio and video quality, and due to powerful data collaboration See data conferencing. capabilities." "The iPower products re-create the in-person experience," states Lew Jaffe, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , PictureTel. "Rather than leaving all of your information resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. outside of the room, they enable remote meeting participants to browse the Internet, refer back to an e-mail message, share files and applications, work together on an electronic whiteboard sketching an idea, etc. This is powerful - and these are the capabilities that are finally driving the mainstream business adoption we are seeing." About iPower and the PictureTel 600 Series The PictureTel 900 Series and the PictureTel 600 Series products utilize the next-generation iPower integrated collaboration architecture, developed jointly by PictureTel and Intel. The iPower family represents a new category of integrated collaboration solutions - combining videoconferencing, the PC, and the Internet to deliver intuitive, media-rich remote communications (1) Communicating via long distances. (2) See remote control software. that provide the first real synonym for face-to-face interaction. In addition to the world's best audio and video quality, the solutions offer a familiar Windows interface, and simple, yet powerful information sharing capabilities. The PictureTel 600 Series is the first comprehensive collaboration solution in a compact package. The PictureTel 600 Series harnesses technology, design, and manufacturing expertise from Sharp Corporation. The solution's unique two-part design can be set up as an all-in-one, appliance-type unit for a top of monitor placement, or split into two pieces - a sleek camera/microphone unit and a compact base station. The flexible design enables compatibility with today's more popular flat panel displays and PC projectors. 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 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.(TM) This release includes projections and other forward-looking statements 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, the difficulty in forecasting in overseas markets and indirect channels, or changes in or failure to consummate our announced strategic transaction. 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, PictureTel 600 Series, iPower, 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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