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Microsoft and LG-Nortel sign Memorandum of Understanding.

Worldwide Computer Products News-26 May 2006-Microsoft and LG-Nortel sign Memorandum of Understanding(C)1995-2006 M2 COMMUNICATIONS LTD

Microsoft Corp (Nasdaq: MSFT) and LG-Nortel, a joint venture of LG Electronics, an electronics company based in South Korea, and communications solutions provider Nortel (NYSE:NT), announced on Thursday (25 May) the signing of a Memorandum of Understanding (MoU) for collaboration in Voice over IP (VoIP), including WinCE-based IP terminals and the new WinCE 6 videophone.

Under the terms of the MoU, the strategic alliance will include joint research and development, cooperative marketing to customers and channels worldwide, and a licensing agreement for WinCE 6, Microsoft's integrated embedded development environment for the next generation of smart devices.

According to the companies, terminals based on Microsoft's WinCE 6 platform provide more powerful multimedia processing and will serve as a platform for application-oriented enterprise and residential solutions based on embedded devices.

Microsoft and LG-Nortel expect to conclude a definitive agreement within the next few months. No financial details were disclosed.

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Publication:Worldwide Computer Products News
Geographic Code:1USA
Date:May 26, 2006
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