Nokia Intros Home Internet Device

Nokia Corp. [NOK:NYSE] today introduced its
new Media Terminal, an open standards-based device that will
provide Internet access and push-button online services over
broadcast networks.

Nokia said the terminal, which is scheduled for availability next spring,
is based on open source technologies, including the Linux operating
system and the Mozilla Web browser. "So far," Nokia Ventures
communications manager, Jyrki Rosenberg told Newsbytes, "digital
set-top boxes have been proprietary. Now that we're offering open
standards we believe application developers can develop services
that you can interact with programs in various different ways."

The Media Terminal provides full Internet access, split screen
TV/Internet, pause/replay of live broadcasts, digital TV recording
to hard disc, video on demand, file audio player, e-mail, 3D
games, digital TV/radio and access to printers, digital cameras
and other system devices.

"We believe it's for the home of the future," said Rosenberg. "The PC
(personal computer) will remain in the home but it won't be the only
way to access the Internet."

Media Terminal users will be able to control TV broadcasts and
the Internet using the same remote device, enabling them to
choose from TV, the Net, e-mail, home shopping and
other applications.

The company has not set a retail price for the terminal, but Rosenberg
said pricing will be similar to that of a "high-end VCR (videocassette
recorder)."
He could not say whether the device will be available worldwide or
in certain areas when it hits the retail market by the end of the
second quarter 2001.

Analysts at International Data Corp. (IDC) predicted that
the worldwide market for information appliances will exceed
89 million units, or $18 billion, in 2004, up 11 million units
and $2.4 billion last year. Unit shipments of such appliances
in the US will outnumber those of PCs by 2002, IDC said.

Nokia Corp. is on the Web at
http://www.nokia.com

Reported by Newsbytes.com, http://www.newsbytes.com