NEW YORK (CNNfn) - Compaq Computer Corp. and Hughes Network Systems joined forces Wednesday to introduce a new Internet PC that features high-speed satellite Internet service for under $2,000.
At 400 kilobits per second, the new Presario Internet PCs will offer users Internet access 14 times faster than a traditional telephone modem. Users also will have access to the new Turbo Webcast site and Turbo Newscast newsgroup offerings from DirecPC, the satellite Internet service provided by Hughes.
Company officials said they expect to sell the PC, including a DirecPC antenna, bundled with a DirecPC USB, or serial port, package for as low as $1,899. The products will allow multiple users in one household to access the Internet service at the same time.
The partnership between Compaq and Hughes is part of a larger "Triple Play" partnership strategy launched by Compaq last November to offer U.S. customers the widest choice of ultra-fast Internet connections.
As part of that strategy, Compaq, in conjunction with Lucent Technologies, also has introduced the world's first broadband-ready Internet PCs with an Integrated Digital Subscriber line, providing Internet connections up to 25 times faster than a traditional 56k modem.
Compaq stock was up 9/16 to 24 7/16 in early trading Wednesday. Hughes Network climbed 1-1/4 to 56-1/4.