SILICON GRAPHICS AND 3D SOFTWARE INNOVATORS ALIAS RESEARCH AND WAVEFRONT
TECHNOLOGIES ANNOUNCE MERGER AGREEMENTS

Combined Company to Provide Key Tools to Emerging Digital Media Industry

NEW YORK, NY (Feb. 7, 1995) -- Silicon Graphics, Inc. (NYSE: SGI), Alias
Research, Inc. (NASDAQ: ADDDF), and Wavefront Technologies, Inc. (NASDAQ:
WAVE) today announced that they have entered into definitive merger
agreements. The combined organizations bolster Silicon Graphics'
commitment to the entertainment and creative design markets, and allow the
company to architect the foundation necessary for software partners and
customers to build the digital studio of the 21st Century.

As a result of the mergers, Silicon Graphics will form a wholly owned,
independent software subsidiary that will focus on developing the world's
most advanced tools for the creation of digital content. Rob Burgess,
currently president and CEO of Alias, will become president of the new
company, and Mike Noling, currently president and CEO of Wavefront, will
report to Burgess as vice president of operations. Martin Plaehn,
currently Wavefront's executive vice president of corporate and product
development, will also report to Burgess to lead the technical team.

Under terms of the agreements, which were approved by the boards of
directors of the respective companies, Alias stockholders will receive the
equivalent of 0.90 shares of Silicon Graphics' common stock for each share
of Alias common stock owned. Wavefront stockholders will receive 0.49
shares of Silicon Graphics' common stock for each share of Wavefront
common stock owned. The closing prices for Silicon Graphics, Alias and
Wavefront common stock on Friday, February 3, 1995, the last trading day
prior to the board meetings to approve the transaction, were $31.25,
$20.875 and $12.625, respectively. The shares to be issued by Silicon
Graphics have a current market value of approximately $500 million.

The merger will be accounted for on a pooling of interest basis and is
expected to be non-dilutive to Silicon Graphics' fiscal year 1996
earnings. The transaction is expected to be tax-free for U.S. purposes for
Wavefront shareholders. In the case of Alias, which is an Ontario, Canada
corporation, the share exchange will be tax-free for Canadian resident
shareholders but taxable for U.S. shareholders. The combined entities will
receive approximately 9 percent of Silicon Graphics' resulting outstanding
common stock. The merger is expected to close by June 30, 1995.

"With the creation of this new subsidiary, Silicon Graphics extends its
reach in defining the standard for visual realism and interactivity in the
world's most demanding computing environments: entertainment and
industrial design," said Edward R. McCracken, chairman and CEO of Silicon
Graphics. "Leading-edge products from Alias and Wavefront are unique and
immensely valuable. Embracing these assets will enable us to design the
power tools that artists and innovators need to create the digital studio
of the 21st Century."

"The applications that will result from this merger will revolutionize the
way our customers will work," said Rob Burgess, president and CEO of
Alias. "Entertainment and creative design users will see amazing things
happen to the software they're using today, and even greater capabilities
emerge from our engineering labs tomorrow."

"Over a decade ago, Wavefront Technologies and Silicon Graphics lite rally
lit the fuse of the digital explosion in entertainment, and this merger is
a natural next step," said Mike Noling, president and CEO of Wavefront.
"By merging our talents and resources, collectively we will create
products and solutions that articulate a powerful, exciting future for
customers."

The new subsidiary will continue to develop, market, sell and support
existing product lines to a wide range of creative professionals,
including 3D animators for film and video, game and multimedia developers,
automotive stylists, industrial designers and graphic artists. Silicon
Graphics' enhanced ability to provide sales, support and training services
to customers will fuel growth in these markets.

This new subsidiary will team with Silicon Studio, a subsidiary Silicon
Graphics formed last year to focus on the entertainment market, to develop
the world's most advanced system-level tools for creating digital content.
This collaboration is expected to result in an open architecture that will
provide significant benefits to customers who use multiple applications.
The two organizations will also work together to accelerate development
and delivery of FireWalker, a set of tools from Silicon Studio that will
allow filmmakers and other entertainment authors to take original digital
source materials and use them to create interactive titles. Through a
dramatically new approach called Multimastering, these source materials
can not only be used for the initial project-such as a film or game
title-but can be redeployed to other interactive media, including CD-ROM,
location-based entertainment and interactive television programming.

The mergers follow Silicon Graphics' announcement last month that a total
of 22 software companies and production studios have joined its
Keystone(tm) software initiative. Pioneered by Silicon Graphics, with
Alias and Wavefront as charter members, this new initiative provides the
entertainment community with common application standards that greatly
streamline the creative and production process with minimal data
administration.

Completion of the transactions are subject to customary conditions,
including approval of Alias' and Wavefront's stockholders, and required
governmental approvals.

Alias Research, Inc. is a world-leading developer of software for digital
media creation, providing strategic technology for markets such as design
(automotive styling, product and packaging design), entertainment (film &
video production, advertising, video games, and corporate communications),
and graphic design (digital image compositing and 3D illustration).

Alias was recently chosen as the authorized graphics development system for
Nintendo Ultra64 developers. The company's software has been used
throughout the entertainment industry by innovators such as Industrial
Light & Magic, The Walt Disney Company, Sony Pictures Imageworks, Digital
Domain, Crystal Dynamics, Electronic Arts, US West, Spectrum Holobyte,
Virgin Interactive Entertainment, Telezign and CNN. High-end industrial
design and automotive styling customers include BMW, Caterpillar, Fiat,
Ford, Honda, Apple Computer, Motorola, Rollerblade, Inc., Mattel, Black &
Decker, Timex Corporation, and Hamilton Beach/Proctor-Silex. Alias is
based in Toronto, Canada and has sales offices across North America,
Europe and Asia with worldwide distribution.

Wavefront, founded in 1984, is a leading innovator in 2D and 3D computer
graphics imaging and animation software products. Wavefront software is in
widespread use by professionals in the entertainment market, including
electronic games development, location-based entertainment, and premier
special effects feature films such as Stargate, StarTrek Generations, True
Lies, Speed, Drop Zone, and Clear and Present Danger. Industrial
applications include engineering illustration, visualization, and
computer-based training. Scientists use Wavefront to render complex data
into easily interpreted visual images.

Innovative entertainment companies worldwide are maximizing their creative
impact with Wavefront software to communicate, educate, and entertain.
These companies include all major TV networks, Acclaim Entertainment,
Columbia Pictures, Kleiser-Walczak Construction Company, SOHO 601, Sony
Pictures, Walt Disney, and Warner Bros. Industrial clients include 3M,
Boeing, Ford Motor Company, Kodak, Mattel, McDonnell Douglas,
Mercedes-Benz, Renault, and Rubbermaid, as well as government and
research-oriented customers such as NASA, the Lawrence Livermore National
Laboratory, and the National Center for Atmospheric Research (NCAR).
Wavefront markets its product line globally through sales offices in North
America, Europe, and Asia, as well as through a network of over 150
resellers, systems integrators, and country distributors.

Silicon Graphics, Inc. is the leading manufacturer of high-performance
visual computing systems. The company delivers interactive
three-dimensional graphics, digital media and multiprocessing
supercomputing technologies to technical, scientific and creative
professionals. Its subsidiary, MIPS Technologies, Inc., designs and
licenses the industry's leading RISC processor technology for the computer
systems and embedded control markets. Silicon Graphics has offices
worldwide and headquarters in Mountain View, California.

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