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On2 To Showcase Industry-Leading Video Compression Technologies at CommunicAsia '08
Ticker Symbol: U:ONT
HONG KONG, June 12 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. , a global leader in video compression technologies, will be showcasing its broad portfolio on Booth 3G, 403 at this year's CommunicAsia exhibition in Singapore between 17th and 20th June. On2's involvement in CommunicAsia and recent appointment of John Fargis, to Vice President, Asia Pacific Sales, along with the opening of its Hong Kong office, all signal the company's commitment to strengthen its presence in the region.
"CommunicAsia is an excellent platform for us to demonstrate practically and speak to potential clients in Asia Pacific about our product suite of industry-leading solutions for video compression, encoding and publishing, embedded video and advanced video applications," commented Fargis.
On2 targets the fast growth markets of VoIP, IPTV, Mobile video/TV, HD Video, Web video (Web 2.0), video gaming, enterprise and education, devices & consumer electronics, digital signage and security and surveillance.
On2 will be demonstrating its core technologies, ranging from low level software and SDKs to system level solutions for major industry formats. Its proprietary video compression TrueMotion(R) VP6(R) codecs lead the industry in efficiency, quality and bandwidth utilization and are the de facto Internet standard for web and VoIP video through their inclusion in Adobe's(R) Flash(R) video. On2 TrueMotion technology is licensed by Adobe for Flash Player 8 and 9 and now for Adobe Flash Lite 3 for mobile phones.
The TrueMotion VP7 codec was recognized by the 2006 Frost and Sullivan Innovations Award as the most advanced video compression scheme. The VP7 codec is licensed by Skype 2.0, AOL AIM, Move Networks, Triton, Viewpoint Media Player, and Chinese company Tencent Messenger/QQ among others.
On2's TrueMobile solution is an end-to-end mobile video system designed to reach the largest number of handsets across the most networks, including 2.5G, Edge, 3G and 4G networks, through efficient compression, streaming and playback using TrueMotion VP7 technology.
The acquisition of Hantro(TM) Products Oy in 2007 enables On2 to deliver best-in-class embedded video solutions. On2's Hantro 6000 and 7000 series multiformat encoders and decoders are specifically designed for software- and hardware-based mobile implementations, combining high performance and error resilience with low power consumption and CPU load from standard to high definition video for H.263, H.264, MPEG-4, VC-1 and JPEG. 8300-MME Multimedia Application Development Platform is a multimedia engine to enable fast implementation of embedded multimedia applications for devices. Hantro solutions have been licensed by many leading chip and device manufacturers in the Asia Pacific region including: Hisilicon, Spreadtrum, Shanghai Jade, Vimicro, MediaTek and Quanta.
On2's Flix(R) Engine 8 is a leading server-side encoding platform for Adobe Flash Player 8 and 9 video used by the majority of leading video web sites, user generated content sites and social networking sites. Flix Pro 8.5 is a popular desktop application for consumers and professionals to create professional quality video for Adobe Flash Player 8 and 9.
"On2 is recognized as a world leader in video compression technologies. Our codecs deliver the highest quality with less data, and enable compelling video in products and services, from mobile devices to web, VoIP, gaming, broadcast and more. Nowhere is the demand for these applications growing as fast as in Asia Pacific, and this is reflected in our presence at CommunicAsia and our strengthened presence in the region," concluded Fargis.
Booth 3G, 403
CommunicAsia '08, Singapore
About On2 Technologies
On2 creates advanced video compression technologies for desktop and wireless. Powering the video in many of today's leading web and mobile applications and devices, On2's customers include: Nokia, Infineon, Mediatek, Sony, Facebook, Brightcove, Move Networks, Adobe and Skype. On2 Technologies is headquartered in Tarrytown, NY USA. For more information please visit www.on2.com.
On2 Technologies, Inc.
CONTACT: John Fargis, Vice President, Asia Pacific Sales of On2
Technologies, Inc., +852-2273-5052, John.Fargis@on2.com; or Glenn Howes,
+852-2525 8977, glenn@techworksasia.com, or Karrie Lee, +852-2525 8038,
karrie@techworksasia.com, both of Techworks Asia Ltd
Web site: http://www.on2.com//
unfreaking believable
very sad ...
very very sad ...
they way ont is going.
as i am not a shareholder at present i have not recieved all the ambulance chasing lawyer spam, i guess ...
Kaplan Fox Investigates
Kaplan Fox Investigates Possible Securities Laws Violation by On2 Technologies, Inc.
New York – June 4, 2008 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating On2 Technologies, Inc. (Amex: ONT ) (“On2” or the “Company”) for potential violations of the federal securities laws. Investors who purchased On2 common stock between August 14, 2007 and May 27, 2008 (the “Class Period”) may be affected.
A complaint has not yet been filed. We are, however, investigating whether On2 and certain of its officers and directors violated the Securities Exchange Act of 1934, by making materially false and misleading statements and/or failed to disclose the following adverse facts which they knew or recklessly disregarded: (1) documentation for at least two sales accounts for which revenue had been recognized in the third quarter of 2007 had been falsified; (2) the Company improperly recognized revenues during both the second and third quarters of 2007. Kaplan Fox is also investigating whether, as a result of these alleged misrepresentations, On2’s stock traded at artificially inflated prices throughout the Class Period.
On May 27, 2008, On2 announced that the Company’s previously issued financial statements for the second and third quarters of 2007 can no longer be relied upon and will be restated due to errors in those financial statements related to the Company’s recognition of revenue. On2 stated that with respect to four of the accounts that the Company incorrectly recognized revenue of $185,000 for the second quarter of 2007 and $589,000 for third quarter of 2007. With respect to the fifth account, that the Company determined that it should establish an additional bad debt reserve of approximately $383,000 in the fourth quarter of 2007. On2 also announced that during the preparation of the Company’s 2007 annual financial statements, prior to discovery of the falsified documentation, its management determined that revenue of $42,000 had been incorrectly recognized in the third quarter of 2007.
If you purchased On2 common stock between August 14, 2007 and May 27, 2008 and would like to discuss our investigation, please e-mail us at mail@kaplanfox.com or contact:
Frederic S. Fox
Joel B. Strauss
Donald R. Hall
Jeffrey P. Campisi
Iona Evans
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail address: mail@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California 94104
(415) 772-4700
Fax: (415) 772-4707
E-mail address: mail@kaplanfox.com
the chart looking a tad bit better
I've been concerned about that too. I don't understand whats been taking them so long unless they really do have something they don't want out of the bag....but I guess they are at least working with the SEC to get on track. The good thing is that we are still growing...at least it appears as such.
Assistant mod actually though only in spirit since the run. Worried about Russell delisting now but should see some volatility first.
I see you post on on2 as well! how nice. 8>)
AMHI
If anyone is thinkin about buying, I feel we are still in a holding pattern...might want to watch closely to see what happends over this week.
I didn't look at the chart, but it sure looks like good old faithful here went back up as expected... and I bet we have more to go!
exactly... I do find a few things going on as odd, but I see no reason why this is not going back up. I have not checked if any shorting of ont has been going on recently... I guess I should check.
this is nothing, on2 is already forgiven. that selloff yesterday was nothin, look at a year or two chart and you know that volume was "light" compared to the kind of days that matter. this isn't going to stay in the way for long.
fire someone and get on with it.
I love it! All I know is everytime this stock gets beat up I make a nice profit since I buy really low... It seems to go down but always goes back up. I've been in and out of ont since early 2000.
Same here Laura, today's news was just insult added to injury, just seems so tremendously irresponsible and possibly even intentionally manipulative. Having to restate all those earnings in the middle of fighting for continued AMEX listing, I just shake my head. GL ...
a while back, i traded this stock from around thirty cents to over two dollars, i am a huge believer in their tech but am disappointed in how they treat shareholders, todays news adds to the disappointment...
i have followed this stock daily for years....
really thought bill j was a gift but now i seriously wonder and have for the last year...
i feel bad for everyone who invests on the technology here, not because it isn't the best but
because the company continues to trash investors...
imo...
sorry, hate to come in after so long and hit the stock when it is down but the news put me over the edge...lol...
love the technology, i have been an adobe user for years now decade plus...
Yeah, bad day, crappy news, very disappointed in the company.
Well according to stockta.com, still unupdated from last week very strong support was at 87, 84 (and weak at 83).
If 75/78 hold, great. If not could go into low 50s. Risk reward not so good here in my book.
$ 0.75 right now! If I had some cash in my account I'd be buying right now too.... then again, its a gamble since if ONT gets delisted...yuk. If they stay listed(by following the SEC guidelines) this will be back up over 1 dollar IMNVHO....then move up from that point soon after.
I see this as the last chance for someone like microsoft or intel or google to scoop up on2 if for nothing else, a way to hire the talent at on2 and bring them on board. video on handhelds is here to stay, soon there will be hologram visors to go with the earpeices.
if it does slip a little i'm BUYING more. the market is about the future not so much on the past.
there might be a small dip but it shouldn't last. this is a great opportunity for shorty to grab a few million shares.
ont has nice volume great liquidity hold that sucker
I'm not worried. Millions of smartphone-iphone-laptop moviewatchers will drive this higher.
Yesterday I was walking down the street and a guy bumped into me. he was busy typing on his hand held unit. made me laugh, people can't drive, can't walk, soon those bluetooth headset things are going to come with some kind of hologram visor so people can walk and drive while looking straight ahead, surfing the web or watching youtube celebrities. We will become borgs someday.
" the AMEX states that On2's compliance plan, accepted by the AMEX on April 30, 2008, demonstrates On2's ability to regain compliance with its filing requirements (and thereby, with the applicable AMEX requirements) by June 30, 2008, and that therefore no further compliance plan need be submitted by On2 (although the AMEX invites On2 to supplement the plan by June 2, 2008 with additional information). "
On2 Technologies Announces Upcoming Audit Committee Meeting to Consider Results of Review of Certain Customer Contracts Entered into During 2007
Ticker Symbol: U:ONT
TARRYTOWN, N.Y., May 20 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. today announced that the Audit Committee of the Board of Directors of the Company is planning to meet late this week to consider the results of its review of transactions arising from certain customer contracts entered into during 2007 for which On2 Technologies had previously recognized revenues. As previously disclosed, the Audit Committee engaged special counsel to assist in this review. The review may result in a determination by the Audit Committee to restate previously reported financial results for one or more quarters during 2007, and may result in revenue previously recognized in 2007 being recognized during the first quarter of 2008. The Company anticipates releasing preliminary financial results arising from any such restatement(s) for the affected 2007 quarter(s), preliminary financial results for the year ended December 31, 2007, and preliminary financial results for the quarter ended March 31, 2008 following completion of the Audit Committee's review by Tuesday, May 27, 2008. The Company anticipates that it will file any Form 10-Q/A's for the affected 2007 quarters, its Form 10-K for the year ended December 31, 2007, and its Form 10-Q for the quarter ended March 31, 2008, as promptly as practicable thereafter.
The Company further announced that it received today a letter from the American Stock Exchange ("AMEX") stating that, due to the Company's failure to file its 2008 first quarter Form 10-Q in a timely manner, the Company is not in compliance with Section 134 and 1101 of the Amex Company Guide and continued listing standards. The Company has submitted a plan of compliance to AMEX demonstrating the Company's ability to regain compliance by no later than June 30, 2008. AMEX accepted the plan for compliance on April 30, 2008, and has informed the Company that it will not have to submit an additional plan of compliance in connection with the most recent letter from the AMEX.
About On2
On2 creates advanced video compression technologies for desktop and wireless. Powering the video in many of today's leading web and mobile applications and devices. On2's customers include: Nokia, Infineon, Mediatek, Sony, Facebook, Brightcove, Move Networks, Adobe and Skype. On2 Technologies is headquartered in Tarrytown, NY USA. For more information please visit www.on2.com.
All trademarks mentioned in this document are the property of their respective owners.
Forward-Looking and Cautionary Statements
Except for the historical information contained herein, statements contained in this release, including statements as to the Audit Committee's "planning" and that the Company "anticipates" the timing of a release or filing, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are subject to risks and uncertainties. These forward-looking statements that could cause actual results to differ materially, include, among others, delays in On2's preliminary release of financial results beyond May 27, 2008, the determination to restate any previously reported financial statements, delays in the completion of restated, annual and quarterly financial statements and the filings of quarterly reports on Forms 10-Q/A, the annual report on Form 10-K for the year ended December 31, 2007 and the quarterly report on Form 10-Q for the quarter ended March 31, 2008, unanticipated changes in On2's result of operations which could result in changes to its consolidated results of operations for 2007 as compared to 2006, the identification and review of any additional issues by the Company's Audit Committee, its independent counsel or our outside auditor, and certain other factors described in the Company's filings with the Securities and Exchange Commission. Many of these factors are beyond our ability to predict or control. In addition, as a result of these and other factors, our past financial performance should not be relied on as an indication of future performance. The Company does not assume any obligation to update any forward-looking statements or other information contained in this press release.
On2 Technologies, Inc.
CONTACT: Tony Hope of On2 Technologies, Inc., +3584-4023-5107,
invest@on2.com
Web site: http://www.on2.com/
On2 Brings High Performance Flash Video Support to Archos Generation 5 Portable Media Players
Ticker Symbol: U:ONT
TARRYTOWN, N.Y., May 20 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. , a leader in video compression technologies, announced today that it has licensed its VP6 decoder to Archos for use in its latest line of WiFi-enabled portable media players. Optimized by On2 for TI's C64x+ DSP core on the DaVinci platform, the decoder integration brings support for full motion Flash video up to VGA resolution to the Archos 605 WiFi and 705 WiFi players. Already supporting Flash Player 7 in its Generation 5 line, ARCHOS announced separately today support for Flash Player 9, giving consumers access to the millions of video available online.
Licensed by Adobe for Adobe(R) Flash(R) Player 8 and 9, On2 VP6 is the codec of choice for many of the leading internet sites that use Flash video because of the quality versus data rate and decode simplicity it offers. Adding VP6 support to its Generation 5 devices, Archos ensures its customers seamless playback of the largest selection of video content available on the Internet.
The Archos Generation 5 line features the most advanced portable media players in the industry, with easy access to content and personalization options that fit individual lifestyles. The widely acclaimed 605 and 705 WiFi players lets consumers surf the Web, stream content from the computer to the TV or device, download movies and music wirelessly, record TV, and stream Flash video to the portable players. The company's 605 and 705 WiFi have won numerous awards for the high quality screens and advanced features that give consumers a full slate of entertainment in one handheld device.
"Supporting Flash video playback in handsets needs versions of the On2 VP6 decoder tailored for low power processor cores such as those from TI and ARM," says Bill Joll, President and CEO of On2 Technologies. "By providing these highly optimized processor specific solutions of our codec we enable consumers to enjoy video on the go with no compromises."
"Archos is the only portable media player to provide full support for Flash Player 9 in its native format, and our relationship with On2 Technologies helps us make watching online video and TV shows an exceptional experience for consumers," said Henri Crohas, Archos founder and CEO. "We're pleased to partner with On2 to bring innovative video technologies to consumers on the devices they carry with them every day, which allows them to stay connected and entertained wherever they go."
The On2 VP6 Flash video decoder is a part of the Web Browser plug-in from Archos, which brings full web surfing capabilities and Flash video support to consumers, For Archos 605 and 705 WiFi customers with the Web Browser already installed, Flash video support is available at no additional charge with a simple firmware update. Customers can update their players by visiting www.archos.com .
About On2 technologies
On2 creates advanced video compression technologies for desktop and wireless. Powering the video in many of today's leading web and mobile applications and devices, On2's customers include: Nokia, Infineon, Mediatek, Sony, Facebook, Brightcove, Move Networks, Adobe and Skype. On2 Technologies is headquartered in Tarrytown, NY USA. For more information please visit www.on2.com .
About Archos
ARCHOS introduced the hard-drive-based MP3 player with the Jukebox 6000 in 2000, and since that time has revolutionized consumer electronics devices. The company introduced the portable video player in 2003 and was the first to bring TV recording, wireless and touch screens to the portable media player. ARCHOS' award-winning products let consumers enjoy movies, photos, video, music and television anytime, anywhere. Established in 1988, ARCHOS has offices in the United States, Europe and Asia, and is quoted on Compartment C of Euronext Paris, ISIN Code FR0000182479. More information is available online at www.archos.com .
Trademarks mentioned in this release are the property of their respective owners.
On2 Technologies, Inc.
CONTACT: Tony Hope of On2 Technologies, Inc., +358-440235-107,
media@on2.com
Web site: http://www.on2.com/
http://www.archos.com/
On2(R) Improves VP6 Video Quality for Flash By Up to 40%
Ticker Symbol: U:ONT
TARRYTOWN, N.Y., May 19 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. , a leader in video compression solutions, announced today the introduction of significant improvements to the On2 VP6 video technology used in Adobe(R) Flash(R) 8 and 9 and Flash Lite 3. Achieving a substantial increase to the quality of encoded video, in some cases as much as 40%, content encoded with the new On2 VP6 technology is fully compatible with the existing decoder used in Flash player. The improvements will be introduced as a free upgrade to the On2 Flix suite of encoding and publishing tools for Flash video.
On2's VP6 compression scheme is one of the internets most prolific video codecs. Used by many of the leading UGC sites, CDNs and content owners including: Facebook, Daum, Eurosport, Akamai and Brightcove; it is used to encode all genres of video targeted for web delivery in Flash format. Coupling high quality with low datarates and supporting cue points and alpha channel in Flash, VP6 is proprietary to On2 Technologies, and as such does not incur content royalties like those levied by MPEG-LA. The On2 Flix product line are available as application software, plug-ins and software development kits for servers, desktops, and browsers.
"We have introduced some significant enhancements to VP6 through the encoder," says Jim Bankoski, CTO of On2 Technologies. "We evolved our motion search strategy bringing notable improvements in fast movement sequences, sport for example. VP6 continues to be one of the most versatile codecs in the world delivering high quality over low datarates coupled with low complexity playback."
Nikolas Klein Internet IT Manager at Eurosport, Europe's leading sports multimedia platform, commented: "These developments hit the sweet spot for Eurosport, our customers will save on bandwidth and enjoy even shorter buffering delays without any reduction of quality in our streamed sports video content."
"In terms of internet bandwidth, video is undoubtedly one of the heaviest applications. By introducing these improvements to one of the primary codecs used to create Flash video, consumers will enjoy the benefits on a very wide scale," says Bill Joll, President and CEO On2 Technologies.
The improvements follow the recent introduction of for the new VP6-S profile in Flash Player 9. Targeted for HD, encoded video in this profile requires up to 30% less CPU power to playback. For content owners planning to deliver HD to desktops, this means a much larger addressable market as even a 1.7GHz Pentium 4 can playback 720p HD video stutter-free. With this announcement, all profiles of On2 VP6 will experience quality improvements.
A second On2 VP6 improvement release is planned for later this year and will focus on dramatic speed improvements in the VP6 encoder.
For more information on On2 VP6 please visit www.on2.com .
About On2 Technologies
On2 creates advanced video compression technologies for desktop and wireless. Powering the video in many of today's leading web and mobile applications and devices, On2's customers include: Nokia, Infineon, Mediatek, Sony, Facebook, Brightcove, Move Networks, Adobe and Skype. On2 Technologies is headquartered in Tarrytown, NY USA. For more information please visit www.on2.com .
Trademarks mentioned in this release are the property of their respective owners.
On2 Technologies, Inc.
CONTACT: Tony Hope of On2 Technologies, Inc., +358-440235-107,
media@on2.com
Web site: http://www.on2.com/
Motley Fool ONT on Top Ten. Please read...
http://www.fool.com/investing/high-growth/2008/05/15/the-caps-screen-10-stocks-on-a-roll.aspx
It is dated 5/13 and a PR went out at 5.
I don't believe that filing is new.
ON2 Technologies, Inc. - Notification that Quarterly Report will b submitted late (NT 10-Q)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Notification of Late Filing
Commission File Number: 001-15117
CUSIP Number: 68338A107
|_| Form 10-K |_| Form 20-F |_| Form 11-K |X| Form 10-Q |_| Form 10-D
|_| Form N-SAR |_| Form N-CSR
PART I
REGISTRANT INFORMATION
Full name of registrant: On2 Technologies, Inc.
Former name if applicable:Address of principal executive office
(Street and Number): 21 Corporate Drive, Suite 103City, State and Zip Code: Clifton Park, NY 12065
PART II
RULE 12B-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)
(a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F,11-K, Form N-SAR, or Form N-CSR, or portion |_| thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed.)
On2 Technologies, Inc. (the "Company") has delayed the filing of its Form 10-Q for the quarter ended March 31, 2008, pending completion of the audit of the Company's financial statements for the fiscal year ended December 31, 2007, and review of prior quarterly results. As previously reported, the Company delayed the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2007, due to the ongoing review by its audit committee of transactions arising from certain contracts with customers and questions arising with respect to the recognition of revenue that the Company had previously recognized in 2007 regarding those transactions. The transactions being reviewed extend beyond the initial transactions relating to certain European receivables that the Audit Committee had previously been reviewing. As a result of the ongoing Audit Committee review, the audit of the 2007 financial statements has not yet been completed. The Audit Committee's review may result in the restatement of the Company's previously-reported financial results in one or more quarters during 2007 and the disclosure of a material weakness in internal control of financial reporting relating to revenue recognition.
The review of the financial information for the quarter ended March 31, 2008 will not occur until completion of the 2007 audit. Accordingly, Company's management has determined that it is unable to prepare and file the quarterly report for the period ended March 31, 2008 in a timely manner without unreasonable effort or expense. The Company does not expect to file its Form 10-Q for the period ended March 31, 2008 within the extension period.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification.
Matthew Frost 518-348-0099
(2) Have all other periodic reports required under Section 13 or 15(d) or the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months (or for such shorter period) that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
|_| Yes |X| No
The Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2007.
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
|X| Yes |_| No
--------------------------------------------------------------------------------
If so, attach an explanation of the anticipate change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
The Company anticipates that it will report increased revenues and increased operating loss and net loss in its fiscal quarter ended March 31, 2008, as compared to its previously-reported results from the fiscal quarter ended March 31, 2007. The increase in revenue is due in part to the acquisition of Hantro Products Oy during the fourth quarter of 2007 and the possible recognition of revenue in 2008 that was previously recognized in 2007 as a result of the aforementioned review of the Audit Committee. The Company is nevertheless in the process of finalizing its results for the fiscal quarter ended March 31, 2008 and therefore cannot provide a reasonable estimate of the results at this time.
Revenue reported in prior periods may not be recognized or, if recognized, may be recognized in different periods than previously reported.
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
Some of the statements contained herein constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.
These statements are not historical facts but rather are based on the Company's current expectations, estimates and projections regarding the Company's business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward-looking statements.
The forward-looking statements contained in this Form 12b-25 include, without limitation, statements about the timing of the filing of certain of the Company's outstanding periodic reports with the SEC and the Company's results of operations and financial condition. These statements are only predictions and as such are not guarantees and involve risks, uncertainties and assumptions that are difficult to predict. The Company can not predict whether or not the Company's common stock will be delisted from the American Stock Exchange or the effect of such a delisting, and whether any of the Company's financial statements will have to be restated or the timing of such restatements if required. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The Company's actual results may differ from the forward-looking statements for many reasons, including the results of the Company's internal investigation into its revenue recognition practices, whether or not financial statements are required to be restated, risks associated with the delisting of the Company's shares of common stock from the American Stock Exchange, risks associated with effectiveness of the Company's internal controls over financial reporting and the risks, uncertainties and assumptions set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2006 under the caption entitled "Risk Factors" and discussions of potential risks, uncertainties and assumptions in the Company's subsequent filings with the SEC. .
On2 Technologies, Inc.
nice to see us still moving up! I'll take a couple percent every day! 8>)
Guessing that one or two of our vision impaired and dim witted shorts saw the light coming from the "SUN" today. LOL! Gitty Up.
And the big 1.00 wall fell down!!! Once we get through the current lot I have no idea how high this will go today. After 1.02 the next ask goes to over 3 dollars...but I doubt it will jump that high this fast today.
nice! We hit $1.00 today!
LOOKING GOOD :)
next wall looks like 1.00. Will be sweet if we break that today too!
Still moving on up! I love buying stocks during their quiet times.... wee!
ONT Bid: 0.9824 Ask: 0.9898 Last: 0.982 ($): 0.032 Vol: 349,557
I hope not... once we get past .97 I think we will have a very fast move up.
3. shouldn't really be a problem! holding GM
We are still climbing here... all looks good!
(((((Sun NEWS - wow.))))) 10-May-08 07:00 am
On2 just put their technology directly in the hands of what will become the head to head battle for the desktop and handset video deployment worldwide. Adobe first, now Java. And watch the Java news unfold as people finally get what it really means . . .On2 is now a rockstar. . . and when the street figures out the news . . . this stock won't be below a $1.00 for long . . .LONG, get it. LONG.
"Brewin also cited a deal with On2 Technologies in which On2 will provide video capabilities for JavaFX. On2 video codecs will be included. This will make JavaFX video similar to or even better than Adobe's Flash, Brewin said. These capabilities are part of the July JavaFX SDK."
Sentiment : Strong Buy
Rating :
(3 Ratings)
Rate it:
awful/not related to \pooraveragegoodexcellent
sexyon2vp8
grabbed some shares at .93/94 like the short position and the news with Sun.
Short Interest
May 2008
Current Month 16.7M
Previous Month 17.5M/17.0M
Percent of Float 10.93%
holding for a few months.
hello everyone
Endorsement of On2's video tech by the Sun/JAVA design group is strong medicine. Those JAVA development gearheads know what's what in software, and the rest of the global tech community understands that. Big step forward.
Alert!!!Alert!!!Volume up after hours on News.
Sun Adds Comprehensive Video Capabilities to Ubiquitous Java Platform with On2 Technologies
2008-05-07 18:33 ET - News Release
Also News Release (U-JAVA) SUN MICROSYSTEMS INC
Company Website: http://www.sun.com/aboutsun/media/index.jsp
SAN FRANCISCO -- (Business Wire)
Sun Microsystems, Inc. (NASDAQ:JAVA), today announced it has entered into a multi-year agreement with On2 Technologies (AMEX:ONT) to add comprehensive video capabilities, using On2 Technologies TrueMotion video codecs, to Sun's JavaFX(TM), a family of products for creating Rich Internet Applications (RIAs) with immersive media and content across all the “screens of your life”. For more information on the JavaFX family of products visit http://www.javafx.com and for details on On2 video technologies visit http://www.on2.com.
Consumers are demanding a rich video experience across multiple screens and this deal compliments the Java(TM) platform for RIAs by adding On2 Technologies TrueMotion codecs. Sun and On2 have come together to deliver the essential technologies and services that are designed to power compelling video applications. With JavaFX rich client technology, the same high resolution video and media applications can run across the billions of devices that use the Java platform -- browsers, desktops, mobile and embedded devices. The first availability of On2 video codec for JavaFX software products is scheduled for the fall of 2008.
“The JavaFX runtime environment is designed from the ground up to support high fidelity media, empowering content authors to deliver media-rich content and applications across all the screens of your life. On2 shares Sun's vision of driving video convergence across desktops and mobile devices and we look forward to working with On2 to deliver this capability as part of the JavaFX family of products,” said Rich Green, executive vice president, Software at Sun.
“On2 is recognized as a world leader in video compression technologies. Our codecs deliver the highest quality with less data, and enable compelling video in products and services, from mobile devices to web, VoIP, gaming, broadcast and more. Because of the pervasiveness of Java technology, we are pleased that Sun will be including TrueMotion as the video codec to key partners across the digital media ecosystem,” said Bill Joll, President and CEO of On2 technologies.
The Java platform is the global standard that powers billions of devices – from desktop browsers and computers (91 percent) to mobile phones (more than two billion) and Blu-ray Disc players (13 million), TVs (nine million) and other connected consumer products. Through continual innovation, On2 satisfies the toughest quality, bandwidth, and power requirements for video. The company's TrueMotion video codecs the video market, with more than two billion deployments on desktops worldwide and more than 200+ million in mobile. The combination of On2 TrueMotion video with the Java platform and JavaFX rich client technology brings a whole new dimension to the immense breadth of high fidelity media applications and devices.
About the JavaOne Conference
Now, in its 13th year, the annual JavaOne conference brings together a global community of more than 15,000 developers, students, bloggers, social media, Web 2.0 companies and blue-chip businesses along with more than 135 exhibitors from 65 countries together to share the power of Java technology. This year's Conference theme “Java + You” captures the consumer and developer perspectives and how they experience amazing, consumer-centric Java technology. For consumers interested in downloading the Java platform or learning more about how Java technology impacts their lives, go to http://java.com, a consumer focused site which boasts more than 20 million visitors per month. For more information about the JavaOne conference, visit http://java.sun.com/javaone.
About Sun Microsystems, Inc.
Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is The Computer"(TM) -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com.
About On2 Technologies, Inc.
On2 Technologies (AMEX:ONT) ensures a compelling video experience for any video application anywhere. From low bit rate to high definition, On2 provides optimized video compression technology enabling innovative solutions for application developers, content and service providers, chip vendors, device manufacturers, digital signage companies and beyond.
On2 TrueMotion compression schemes are built to deliver the highest video quality within any given data bandwidth. Moreover, On2 video is designed for simple decode enabling optimal playback at higher resolutions on systems with less powerful processors. This also gives developers the overhead they need to integrate more exciting user interfaces and functionality in their applications.
Established in 1992 and headquartered in Tarrytown, New York, On2 has offices and partners in Finland, Germany, UK, Japan, China, Taiwan, Korea and India. Customers include Nokia, Samsung, Freescale, AMS, Atmel, Adobe, AOL, Sony, Skype, Facebook, VideoEgg, Brightcove, Move Networks and XM Satellite Radio. For more information please visit http://www.on2.com.
Sun, Sun Microsystems, the Sun logo, Java, JavaFX, JavaOne and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.
Contacts:
Sun Microsystems
Jacki DeCoster, 415-294-4482
jacki.decoster@sun.com
Source: Sun Microsystems, Inc.
Should be interesting over the next month!
Form 8-K for ON2 TECHNOLOGIES, INC.
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6-May-2008
Regulation FD Disclosure, Financial Statements and Exhibits
Item 7.01 REGULATION FD DISCLOSURE.
As previously reported, on March 28, 2008, On2 notified the American Stock Exchange ("AMEX") that it would be unable to timely file its Annual Report on Form 10-K for the year ended December 31, 2007 (the "2007 10-K"), due to the ongoing review by its audit committee of transactions arising from certain contracts with customers and questions arising with respect to the recognition of revenue that On2 had previously recognized in 2007 regarding those transactions.
On April 1, 2008, the AMEX issued a notice to On2, noting that timely filing of periodic reports is a requirement for continued listing under the continued listing standards of AMEX and stating that On2's failure to timely file its 2007 10-K was in contravention of Sections 134 and 1101 of the AMEX Company Guide, and also constituted a material violation of On2's listing agreement with the AMEX. In that notice, the AMEX invited On2 to present to the AMEX by April 15, 2008 a plan demonstrating the ability to file the 2007 10-K by June 30, 2008 and thereby regain compliance with the applicable AMEX requirements.
On2 submitted its proposed compliance plan to the AMEX on April 15, 2008, and on April 30, 2008, the AMEX notified On2 that the AMEX determined that the plan made a reasonable demonstration of On2' s ability to regain compliance with the applicable AMEX listing standards and granted an extension of the filing deadline of the 2007 10-K to June 30, 2008. Accordingly, the listing of On2's common stock on the AMEX will be continued under an extension, pending filing of On2's 2007 10-K by June 30, 2008. On2's failure to file the 2007 10-K by June 30, 2008 will likely cause the AMEX to initiate de-listing proceedings.
While the compliance plan is in effect, On2 is required to advise the AMEX of new developments regarding the ongoing inquiry, progress with respect to initiatives of the plan and to respond to any particular questions the AMEX may raise.
A copy of the AMEX notice regarding the acceptance of the plan is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
On May 5, 2008, On2 issued a press release regarding this development, a copy of which is furnished as Exhibit 99.2 to this Current Report on Form 8-K.
* * *
The information in Item 7.01 of this Current Report on Form 8-K and in Exhibits 99.1 and 99.2 attached hereto is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise be subject to the liability provisions of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
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Cautionary Statements and Forward-Looking Statements
On2's auditors have not completed their audit of On2's financial statements for the year ended December 31, 2007. On2's auditors will not be a position to complete the audit until On2's audit committee completes its review of the transactions at issue. Depending on the outcome of that review, On2's previously issued unaudited 2007 quarterly financial information could materially change. As a result of these and other factors, On2's past financial performance should not be relied on as an indication of future performance.
This report and the accompanying press release contain forward-looking statements concerning On2's expectations, plans, objectives, future performance and other statements that are not historical facts. These statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, among other things, statements with respect to expectations regarding the completion of the review discussed above, the completion by On2's auditors of the audit for 2007, the filing of On2's Annual Report following the audit and On2's performance with respect to its AMEX compliance plan.
These forward-looking statements are only predictions, and actual events or results may differ materially. On2's forward-looking statements are based on management's beliefs and assumptions using information available at the time such statements are made. We cannot guarantee future results, levels of activity, performance or achievements.
We undertake no duty to update any of our forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, we caution readers not to place undue reliance on the forward-looking statements contained in this report or the press release.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
99.1 Notice from American Stock Exchange, dated April 30, 2008
TARRYTOWN, N.Y., May 5, 2008 /PRNewswire-FirstCall via COMTEX/ -- On2 Technologies, Inc. (ONT) today announced that the American Stock Exchange ("AMEX") notified On2 of its acceptance of the Company's plan to regain compliance with AMEX's continued listing standards. Although On2 will remain non-compliant with AMEX's continued listing standards until it files its 2008 Annual Report, AMEX's acceptance of On2's plan is based on the AMEX's determination that On2 has demonstrated an ability to file that report, and therefore regain compliance, by June 30, 2008. On April 1, 2008, AMEX notified the Company that it had not met certain of the Exchange's continued listing standards as set forth in Section 1003(d) of the Amex Company Guide due to the previously announced delayed filing of the Company's Form 10-K for the period ended December 31, 2007. The Company was afforded the opportunity to submit a plan of compliance to the Exchange and on April 15, 2008, On2 presented its plan to the Exchange. On April 30, 2008, the Exchange notified On2 that it had accepted the Company's plan of compliance and granted the Company an extension until June 30, 2008 to regain compliance with the continued listing standards. The Company will be subject to periodic review by Exchange Staff during the extension period. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the extension period could result in the Company being delisted from the American Stock Exchange.
On2 Technologies Receives AMEX Acceptance Of Its Plan To Regain Compliance With Continued Listing StandardsLast update: 5/5/2008 4:01:54 PM
on the 29th I see 8-K Report of unscheduled material events or corporate changes.
Just an extension.... that was on the 29th. I wonder if good news leaked and is not out yet????
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