Spyglass Secures $20 Million Agreement With Microsoft

Spyglass (Naperville, IL) announced a new strategic agreement with Microsoft Corp. worth at least $20 million in revenues over a three-year period. According to the agreement, Spyglass will license technology and provide services to Microsoft designed to help accelerate the development and deployment of Windows CE-based products.

Spyglass will work directly with Microsoft to develop and integrate multiple Windows CE-based applications for Internet device manufacturers that are developing products utilizing the Windows CE operating system. In addition, Microsoft has licensed Spyglass technology and is exploring ways to utilize this technology to enhance the Windows CE experience.

This is the second multi-million, multi-year solutions agreement Spyglass has announced in fiscal 1999. In October 1998, Spyglass announced a $20 million solutions agreement with General Instrument to build services and applications for General Instrument's digital cable platform at the new Digital Software Integration Center, which is owned jointly by Spyglass and General Instrument.

"Spyglass continues to strengthen its ability to use key technologies and platforms, such as Windows CE, to help our customers deliver state-of-the-art products and services," said Doug Colbeth, Spyglass president and CEO. "We assist customers in developing Web-enabled products and services by supporting 'best of breed' technologies and platforms. By working directly with Microsoft to enhance Windows CE, we will be in a position of leveraging our expertise to provide our customers unique advantages when they choose to utilize Windows CE in their products and services."

"Working with Spyglass to build Internet device solutions is a strategic move to extend the success of the Windows CE platform," said Harel Kodesh, vice president of Microsoft's information appliances division. "Microsoft chose Spyglass to provide development services and technology due to its long-standing leadership in providing Internet solutions to device manufacturers and service providers."

In separate news, Spyglass President and CEO Douglas Colbeth officially returned from the previously announced temporary medical leave to full-time status and has resumed his responsibilities for the day-to-day management of the company.