Pacific Century Buys into Magicaldesk
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Pacific Century CyberWorks Ltd (PCCW) Monday took a 12 percent equity stake in US-based Magically Inc., an application service provider (ASP) that develops virtual desktop technology.
According to company officials, Magically's virtual desktop product, MagicalDesk will be available on PCCW's pan-Asian broadband digital video and Internet service, NOW (Network of the World).
PCB plans to initially launch NOW in Asia and to serve 130 million cabled households. In addition, it expects to offer the service with interactive digital video viewing and Web access beginning in 2000.
MagicalDesk is a desktop suite of personal information management and collaboration tools available to users free-of-charge via the Web.
Through an enhancement called the MagicalViewer, MagicalDesk users can access more than 250 file formats including the Microsoft Office suite of applications, WordPerfect, and Lotus 1-2-3, without having the supporting application software on their local hard disk.
Michael Yahng, chief executive officer of Magically, said, "Whether that access is through a desktop computer or interactive television, users will not be limited by hardware, software, or geography."