Our Interim Results for the six months ended 30th June 2001 have been printed and are now being sent to registered shareholders.
According to today’s Electronics Weekly, “Microsoft has delivered a massive boost to ARM’s ambitions in the mobile computing market…”. As announced in our Chairman’s statement, Forbidden is already working on a native ARM version of our codec and so will be well placed to move to this new platform if we choose to.
Mario Monti, Competition Commissioner for the European Union (EU), is aware of Forbidden Technologies’ interest in the EU’s antitrust investigation of Microsoft. Recent correspondence from the European Commission directs interested parties to their press release. Following an extensive investigation, the Commission alleges that Microsoft is illegally tying Media Player with its dominant Windows operating system. Mario Monti stated “The Commission also wants to see undistorted competition in the market for media players. These products will not only revolutionise the way people listen to music or watch videos but will also play an important role with a view to making Internet content and electronic commerce more attractive. The Commission is determined to ensure that the Internet remains a competitive marketplace to the benefit of innovation and consumers alike.”
Atlantic Telecom, a broadband supplier to small and medium sized businesses in Germany, the UK and the Netherlands is reported by Reuters to have called in administrators after talks on selling the company or restructuring its debt had failed. Forbidden Technologies’ solutions do not require broadband.
Our Enterprise Investment Scheme (EIS) forms have arrived from the Inland Revenue and will be sent to qualifying shareholders from our flotation shortly.
In the FT, Richard Waters writes “The news late on Friday that Excite had filed for protection under Chapter 11 of the country’s bankruptcy code effectively ends hopes for an independent consumer broadband sector in the US”. As our recent Chairman’s statement shows, video over the Internet is not dependent on broadband. There was also an interesting interview in yesterday’s FT with Keiji Tachikawa, President of NTT DoCoMo about their 3G launch.
Today’s 8% upgrade to the compression rate of our recent Chairman’s statement is the latest in a line of improvements to our Mark 1 codec. It brings the video and audio combined to below even the ancient 28.8 kbps modem standard. This allows ample room for the slideshow, making a total of 30 kbps. Our original target of enabling talking heads videos over 56 kbps modems has now been achieved.
Jemma George, in a recent research report update on citywire.co.uk comments on recent developments at Forbidden Technologies and notes that “The slow and tiresome move to broadband undoubtably works in Forbidden’s favour”.
Our Chairman Vic Steel presents a video version of his interim results statement. This video is the first public demonstration of our slideshow technology.