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Philips Mobile Computing Group Announces Partnership With Ingram Micro Inc.

CAMPBELL, Calif., Oct. 13 /PRNewswire/ -- The Philips Mobile Computing Group, a division of Philips Electronics North America Corporation, (NYSE:PHG) announced today that the Velo 1 is now available through distribution in North America with Ingram Micro, Inc. (NYSE:IM) . This partnership will allow resellers, value-added resellers, and system integrators to purchase the Velo 1 with rechargeable battery pack and accessories through Ingram Micro.

"This new distribution alliance with Ingram Micro allows us to increase our product exposure and availability among our corporate customers as well as address the demand for the Velo 1 by broadening our sales base," said Alan Soucy, general manager of the Philips Mobile Computing Group.

"The Velo 1 is a high-quality, innovative product that stands out in the handheld PC category," said Al Mann, vice president of purchasing systems at Ingram Micro. "It's exciting for us to be involved in expanding its distribution."

The Velo 1

The Velo 1 handheld PC provides users with a lightweight, portable and familiar solution for mobile computing, communications and information management. It offers the best performance, most highly integrated communications, and superior expandability of all the handheld PCs based on Windows CE. All Velo bundles come complete with a Velo Dock, AC adapter, and built-in, low power software modem. The Philips Velo 1 has been recognized as the premier handheld PC. In head-to-head reviews with competitors, the Velo 1 stands out with the most integrated communications, superior expandability, and fastest performance. PC Magazine has declared the Velo 1 the "Editor's Choice" for handheld PCs; c/net considers it the "recommended," "must buy" product; and Windows Magazine has placed Velo 1 on their "WinList". Velo 1 has won the Innovations award at the 1997 Winter Consumer Electronics Show, BYTE Magazine's Best of Show award at Fall Comdex 1996, and is a 1997 Industrial Design Society Award winner.

Ingram Micro customers who buy the Velo 1 may take advantage of Philips' CE 2.0 upgrade offer, as well as Philips' special hardware upgrade program. Resellers can call their Ingram sales representatives at 800-456-8000 for pricing and availability on the Velo 1 (SKU# 684201). For more information about the Velo 1, the CE 2.0 upgrade offer, or the hardware upgrade program, visit the Velo 1 web site (http://www.velo1.com/) or call 888-FOR-VELO (888-367-8356).

The Companies

The Philips Mobile Computing Group is the developer and distributor of the award-winning Philips Velo 1 handheld PC. With headquarters in Campbell, California, the Mobile Computing Group is one of the first new initiatives in digital convergence from Philips Electronics. Philips Electronics is one of the world's largest consumer electronics companies with annual sales of $40 billion. Its products include: consumer electronics; lighting; components; semiconductors; communication systems; multimedia systems and software; domestic appliances; professional solutions; medical systems and personal care products. Philips Mobile Computing Group can be found on the World Wide Web at http://www.velo1.com/.

Ingram Micro Inc., headquartered in Santa Ana, Calif., is the world's largest wholesale distributor of technology products and services, and a leading provider of assembly and integration services, with 1996 sales of $12 billion. The company operates in 19 countries and distributes more than 36,000 products to more than 100,000 resellers in 120 countries. Ingram Micro can be found on the World Wide Web at http://www.ingrammicro.com/ or by calling 800-456-8000.

NOTE: Velo is either a registered trademark or trademark of Philips Electronics in the United States and/or other countries. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries. All other trade names are either registered trademarks or trademarks of their respective holders.

Corporation
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Source: Philips Mobile Computing Group; Philips Electronics North America

CONTACT: Jennifer Muchow of Philips Electronics, 408-558-2215, or
jmuchow@pmcg.philips.com; or Becky Ross of Brodeur Porter Novelli,
408-324-4848, bross@brodeur.com, for Philips Electronics

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