New alliance says 1-home is a great idea whose time has come
Manufacturers, retailers join forces to promote acceptance/standards for Internet-enabled homes.
Promoting the potentially lucrative home networking market, a group of major retailers and manufacturers is launching a campaign to boost consumer acceptance of Internet-enabled products.
3Com Corp., Best Buy, Cisco Systems, CompUSA, General Motors Corp., Honeywell, Invensys, Motorola Inc., New Power Co., Matsushita Electric Co., (parent of Panasonic), Sears, Roebuck & Co., and Sun Microsystems each contributed $2.5 million to form the Internet Home Alliance. Reliant Energy and Texas Instruments added $500,000 each as associate members. The group is open to other partners.
The group's goal is to introduce consumers to the idea of connecting electronic devices such as PCs, stereos, kitchen appliances and security systems to the Internet.
The Internet Home Alliance is one of several to announce collaborative efforts in recent months as companies scramble to capture a share of a market for Internet consumer appliances that analysts say will top $8 billion by 2002.