Ampex Makes Strategic Investment in Internet Video Provider -- TV onthe Web, Inc. BusinessWire, Monday, January 25, 1999 at 08:37 REDWOOD CITY, Calif.--(BUSINESS WIRE)--Jan. 25, l999--Ampex Corp. (AMEX:AXC) today announced that it has purchased approximately 20% of the capital stock of TV onthe Web, Inc. and has the option to acquire a majority interest. Privately held TV onthe Web (www.tvontheweb.com), which began operations in 1996, is a leading provider of services and content for delivery of compressed video over the World Wide Web. Through its subsidiary, Gardy McGrath International, Inc., the company also provides digital video production services for TV onthe Web and for outside clients.
MicroNet Announces FibreFlex; A Complete Fibre Channel/Storage Area Network BusinessWire, Monday, January 25, 1999 at 08:09 IRVINE, Calif.--(BUSINESS WIRE)--Jan. 25, 1999--MicroNet Technology Inc., an innovator in storage technology, Monday announced FibreFlex, a complete, multi-platform compatible Fibre Channel Storage Area Network solution which enables the fastest data throughput available. At the heart of the solution is MicroNet's Genesis, a high-capacity, innovative RAID system with up to one terabyte of storage optimized for the critical needs of enterprise, pre-press and video applications. FibreFlex ships with ATTO Technology's FibreBridge, a powerful Fibre Channel to SCSI bridge which provides network speeds up to 100MB/second. The system is rounded out with Mercury Computer Systems' SANergy, a software solution that allows users to share storage on the network simultaneously. FibreFlex will be available with varying configurations at prices starting at $4,000 SRP per seat. Complete pricing will be available when the product is announced on Jan. 25, 1999.