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The announcement, doni, was made
to acknowledge Toshiba's INVESTMENT in m-systems. It is very significant, IMO, as it reveals a deepening relationship between them and MORE IMPORTANTLY, a financial commitment by Toshiba to the IP of m-systems. Check it out, sport.
http://investorshub.com/boards/read_msg.asp?message_id=1266345
M-Systems?
"Toshiba and M-Systems have worked closely together for many years," Masashi Muromachi, vice president of Toshiba Corp.'s semiconductor unit, said in a statement. "This agreement gives Toshiba important IP that allows us to further expand NAND flash memory applications." Maybe that's why Toshiba told Falk that they could already do what edig was bringing to their DataPlay prototype. Thus there never was any Toshiba contract, IMO.
I see. So that would
be the key difference and the part that would stick in the labels throat.
MIR: That's a sour-puss
bunch over there. I'd like to say a couple of things since our names are periodically linked for better or worse.
I DID NOT UNDERSTAND the importance of the information that I gave you about EPAC more than three years ago. I do specifically remember you saying ".....that's not good." I came in at $3.50 or so and rode it up just like all of us at "The Parlour," that night in January. Had I known that so much was predicated upon the exclusive arrangement with LU for marketing their codec, I would have sold back then, but I failed to understand the financial significance of the very news that I bore. Call ME plank. Call me even dummer for falling for the NASDAQ delay. Failing to produce any significant progress on the secure music front, the last stop for many of us teletubbies was going to be the NASDAQ approval. How many people "knew" well before the public announcement on that Friday after hours that "hey, a complete shock, I know but they don't want us." Too bad. We'll keep trying. Stay tuned.
I feel, naturally, that your seeming transformation into a creature of the dark force by those frat boys is both a paranoid symptom of their need for reassurance in their investment, and genuine resentment of your more free-swinging public approach to the digger. I suspect that many of them express privately the very things that you have said in recent days. That's why they are so flipped about you. Regrettably, I dun been there and dun done that. One question.......
I don't fully understand how a momentum play transpires. I do know that trades can be "printed" as the market maker(s) desires. It was certainly obvious to me that soon after the private group bought the 6 plus mil, the price and volume started to climb while various momo sites started hyping bullish signs for edig, all on the expectation of "news" that never came.
I also know that hedge funds, etc can be their own market maker or in this case, with so many shares to transact, any MM would be happy to serve the interests of a coordinated push of the stock, within legal boundaries, ofcourse.
How does this work? Maybe LANCE can tell me.
Good luck to you and those people who were riding it with you. MH
Seems.......
a little 'arsh, seedie.
Just "weighing in," g., but didn't mp3.com try something similar with their my mp3 "locker" concept toward the end? I seem to remember the head guys taking the shrink wrap off 100's of CD's they purchased on behalf of the locker members.
Subpoenas Sent to File-Sharers Prompt Anger and Remorse
By AMY HARMON
A blizzard of subpoenas from the recording industry seeking the identities of people suspected of illegally swapping music is provoking fear, anger and professions of remorse as the targets of the antipiracy dragnet learn that they may soon be sued for hundreds of thousands of dollars in damages.
The Recording Industry Association of America has obtained close to 1,000 such subpoenas over the last four weeks to more than a dozen Internet service providers, including Verizon, Comcast and Time Warner Cable, and several universities, including Boston College and the Massachusetts Institute of Technology, demanding the names of file swappers. Most Internet providers are notifying the unlucky subscribers by mail that they are legally required to turn over their contact information.
Those on alert include several college students, the parents of a 14-year-old boy in the Southwest, a 41-year-old Colorado health care worker and a Brooklyn woman who works in the fashion industry.
"They could have used some other way to inform people than scaring the bejiminy out of them," said a mother who received a copy of the subpoena last Wednesday, listing several songs that her 14-year-old son had made available for others to copy from his computer. "If someone had sent me a letter saying `this is wrong,' you can bet your sweet potatoes that would have gotten my attention. This just seems so drastic."
The ominous letters and a list of screen names culled from court filings that is circulating on the Web underscore the unusually personal nature of the industry's latest effort to stamp out online piracy, which it blames for a 25 percent drop in sales of CD's since 1999. Under copyright law, the group can be awarded damages of $750 to $150,000 for each copyrighted song that was distributed without authorization.
Some of the targeted Internet users expressed shock that they were singled out for an activity that tens of millions of Americans are believed to engage in. Others said they were unaware they were doing anything wrong. Most of those interviewed refused to be identified by name, citing privacy concerns and the potential impending legal action against them.
The mother of the 14-year-old boy said she had assumed that her son's file-swapping was all right because she knew that Napster, the company that drove the original wave of online music piracy, had been shut down after the record companies sued. Any other company whose software is used by so many of her son's friends, she reasoned, must have done something different to be allowed to continue operating.
After receiving a copy of the subpoena in the mail on Wednesday, the mother said she did some research and learned that though the software itself might be legal, the way her son was using it was almost certainly not. The 150 songs her son had on his computer have been deleted, along with his computer privileges for the rest of the summer.
"We've had extensive discussions about why it was wrong, and how it's kind of like plagiarism, taking someone else's words or someone else's music and not giving them credit for it," she said. She added that her son stayed in his room all day, while her older daughter worried that her parents would not be able to pay for college next year.
The notion of paying up to $150,000 for each of the eight songs that the recording industry listed on the subpoena — not to mention lawyer fees of $200 an hour should the family decide to fight a lawsuit — still boggles her mind. "Hopefully when they find out he's just a kid, they'll drop it," she said.
But not necessarily. Frustrated with the failure of warnings and educational campaigns to stem the flood of online music trading, the major music companies said on June 25 that they intended to sue hundreds of individuals as a form of deterrence.
"I guess people didn't take it seriously, but we really are very serious about this," said Cary Sherman, president of the Recording Industry Association of America. "We want the message to get across to parents that what their kids are doing is illegal. We are going to file lawsuits."
The popularity of file-sharing software, which allows users to copy music, movies and other files from one another's computers, has long benefited from a sense of impunity among users. By tearing away the Internet's veil of anonymity, the record industry hopes to scare people away from using the software and crack a cultural consensus that tends to regard file-sharing as a guilt-free activity.
Before pursuing individuals, the association sponsored antipiracy television and radio commercials; sent four million instant messages warning people using KaZaA, the most popular file-sharing software, that they were violating copyright law; and published an advertisement in The New York Times and Entertainment Weekly that began, "Next time you or your kids `share' music on the Internet, you may also want to download a list of attorneys."
The music industry also tried suing the makers of the software that succeeded Napster. But in April, a federal judge in Los Angeles ruled that two peer-to-peer systems, Morpheus and Grokster, were legal even though people used them to make illegal copies of music and movies. Music executives said they were left with little choice but to pursue the users themselves.
As news of the subpoenas spread across the Internet in recent days, many file-swappers, who often rationalize their behavior by arguing that CD's are too expensive and the record industry does not deserve their money, responded with defiance.
A spoof cartoon was widely circulated, set to the tune of the 1980's hit "We Are the World" and with the lyrics, "Sue all the world/Sue all the children." On sites like Zeropaid .com, a hub of information for file-sharing, discussion board participants vowed to boycott major record labels and called on people outside the United States — and the restrictions of United States copyright law — to share more files.
But many file-swappers also expressed alarm. Jorge Gonzalez, the founder of Zeropaid, said some who posted discussion board messages planned to stop file-trading altogether. Many rushed to check a list, initially published on TechTV's Web site, of the KaZaA screen names cited in the subpoenas filed in the Federal District Court in Washington.
Several lawyers said the record industry probably had a good legal case. "It's pretty well settled that it is infringing copyright to share files without permission of the copyright holder," said Jonathan Zittrain, a director of the Berkman Center for Internet and Society at Harvard Law School.
Still, some legal experts argue that the tactic is risky, particularly if the industry appears to be concentrating on families with no resources to defend themselves.
"The practice of filing thousands of lawsuits is a game of chicken, and not a sustainable model for the industry or the courts," Mr. Zittrain said. "The overall puzzle for the industry is how to truly convince the public that this is in the public interest."
He said there was no obvious historical analogue to the scattershot subpoenaing of individuals in copyright law enforcement, which has traditionally been aimed at businesses or people who are profiting from illegally copied material. He likened it instead to raids during Prohibition, or red-light cameras that catch drivers disobeying traffic laws when they think they are unobserved. Both have given rise to social outcry, Mr. Zittrain said, even though they were used simply to enforce the law.
Citing the privacy and due process rights of its subscribers, Verizon Communications has appealed a federal court decision that compels Internet service providers to turn over subscriber information without first requiring copyright holders to file a lawsuit. The company said at least one of the subscribers it notified last week had hired a lawyer and was planning to challenge the recording industry's subpoena.
The Massachusetts Institute of Technology and Boston College have declined to comply with subpoenas they received, citing procedural concerns and their responsibility to protect student privacy under the Family Educational Rights and Privacy Act.
Some lawyers who were contacted by people who received notices from their Internet providers say the cases raise many questions because of the way the software in question works.
Some versions of KaZaA automatically designate certain folders on a computer as "shared," so users may not have realized their personal music files, copied from legally purchased CD's, were available to others.
Daniel N. Ballard, a lawyer with McDonough, Holland & Allen in Sacramento, Calif., said he was representing a Brooklyn woman who believed she had prevented her files from being accessible to the KaZaA network. He said computer intruders may have rearranged the files on his client's hard drive without her knowledge.
Some say they were unaware that they were doing anything against the law.
"My daughter would never have used her name as her e-mail address if she thought she was doing anything wrong," said Gordon Pate of Dana Point, Calif., who said an Associated Press reporter found him through the telephone directory after his 23-year-old daughter's screen name, leahpate@kazaa, appeared in the court filings last week. (Most were more along the lines of "anon39023" and "RockOn182.")
But a Colorado man said he knew what he was doing was illegal; he had just not seriously considered the consequences.
"I used the program," said the man, 41, who used KaZaA to find songs that included the words "happy birthday" to play for his young daughter when she woke up on her birthday, among other times.
"It's cute, but look what happened," he said. "It's an expensive birthday, that's the reality."
Regardless of how many
shareholders "love these two," the important thing is that they are effectively puppets of Elwood Norris. I have no doubt that it is he and his "associates" in the bizarre world of offshore finance who really pull the strings of this company.
His stepping out of the limelight only made for a less public presence in the financial machinations that have followed, IMO.
No beef, joey!
I'd not let that easy money burn a hole in your pocket, though.
Ya' know, I once worked in a bug house. It was a very sobering and thought provoking experience.
I'm pullin' for ya joe!/
acrazjo: I hope you missed that buying
opportunity at $.31, buddy. Looks to me like the short term trend is DOWN.
Can anyone say
for how long a period of time NITE was not buying yesterday?
"5 to 6 million shares took this up"
What an odd coincidence, Joe. Isn't that how many got loosed?
Let's get the digichat
rockin' again.....no P.W's, hopefully respect present and lots of laughs. What dya say crazy joe?
fred, IMO, the O1K's
success or failure will not sink edig; edig will roll on, oblivious to failure, as a very successful vehicle for lining the pockets of those "in the know," who get to buy their shares directly from the company. There will always be greedy people who go for all the okey-dokey, hoping to get rich off the latest version of the puck, the treo, dataplay, the headset, the infotainment device, et. al., ad infinitum. All B.S.
By now, lots of old timers have figure it out, and are lying in wait for the fresh meat that will be suckered in by the low price and "HUGE potential" of the mOS voodoo talisman. It's a small design shop, for God's sake, and truly has no business being a public company with a huge market cap. BUT IT IS STILL A PLAYER's PARADISE.
No bid from NITE?
EDIG - E DIGITAL CORP
Last
Sale:
0.33
Best
Bid:
0.33
Best Bid
Depth:
15000
Best
Ask:
0.35
Best Ask
Depth:
5000
MPID Bid Size Ask Size U O/C
WIEN 0.33 5000 0.405 5000 O
TDCM 0.33 5000 0.36 5000 O
SCHB 0.33 5000 0.365 5000 O
GVRC 0.31 5000 0.44 5000 O
HILL 0.31 5000 0.37 5000 O
AGIS 0.29 5000 0.525 2500 O
MHMY 0.29 5000 0.38 5000 O
PERT 0.29 5000 0.38 5000 O
JEFF 0.27 5000 0.36 5000 O
FRAN 0.25 5000 0.55 2500 O
MAYF 0.25 5000 0.6 5000 O
BAMM 0.25 5000 1 2500 O
NATL 0.24 5000 0.52 2500 O
DOMS 0.2 5000 0.53 2500 O
PALC 0.17 5000 0.56 2500 O
BMIC 0.16 5000 0.7 2500 O
WDCO 0.16 5000 0.54 2500 O
PRGM 0.095 5000 0.52 2500 O
FRGP 0.05 5000 0.43 5000 O
AXCS - 0 - 0 O
BPAT - 0 - 0 O
RYCO - 0 - 0 O
WEED - 0 - 0 O
NITE - 0 0.35 5000 O
I know what it means, buddy
It means that edigital did not put enough forethought into their design for the O1k before releasing it to the general public. If not being able to alter a playlist on the fly is a negative for users, then it should have been remedied before it was shipped for sale. Being able to correct the flaw with a firmware update is small consolation, in my mind, to the person who bought one and desires this feature. Whether or not it is a typical dedicated ASIC system is not of interest to me NOR will it be to the potential buyer who is comparing features for a jukebox purchase.
The problem(s) that I've observed with this and other edigital electronic offerings is that they are not well researched for user-ability. This is not the first or only complaint of its kind to be lodged about their products. It seems that they beta test with shareholders and real-world consumers instead of doing the research within the confines of a private group of users. This has the effect of carrying the flaws over to reviewers, who quite naturally pan the product, as the tech TV people did.
OT: Those interested in a group hug
please sign up on the edigOT board. We'll all meet on SHAKEDOWN STREET at a PHISH concert of mutual decision. Here's the schedule:
http://chron.edgecity.net/story/2003/3/9/172734/7994
They're doing it on Moxa's behalf!
Actually, mm's, as I learned from my wife's experience working for one, look for volume, sentinel; you ought to know that, and running the pps up and down is their way of fishing to see "who's bitin'. They make their money from the transaction. They really cldn't care less whether or not it's a buy or a sell order. They want action! If the action, as indicated by level 2 is below the current price, that's where the new price is going. It's not nearly as conspiratorial as you guys paint it and they are the force that keeps these wacky OTC markets orderly, especially NITE and SCHWAB; they're the biggest.
OT: Benitez? They let their proven
set-up men go......really short sighted and stupid, IMO. Best wishes from all of us here 24/7, Larry, and give my regards to Broadway. MH
WOW?
A future product? When the competition is doing it already, that's late to the game, doni. Whether or not they can do a firmware upgrade, miraculous as that "patch" may seem, only suggests crappy design of the original product to me. The CE products market is very unforgiving. I could be mistaken but I doubt that emit was as thrilled with this reply as were you and DABOSS.
...day late and a dollar short
Subject: robert@atcsd.com
From emit
PostID 265725 On Thursday, July 17, 2003 (EST) at 3:54:20 PM
--------------------------------------------------------------------------------
Subj: manage your playlist on the go
Date: 7/17/2003 2:46:53 PM Central Daylight Time
From: Alert ID
To: robert@edig.com
Robert
This put a big ?mark on MicroOS's ability, for me - why not this feature on O1K, seems pretty important and definitly got noticed.
''The Zen and the iPod let you manage your playlist on the go, but you need a PC or laptop to access or create a playlist for the Odyssey.''
http://www.techtv.com/freshgear/products/story/0,23008,3475617,00.html
Tim
Subj:
Date: 7/17/2003 2:53:49 PM Central Daylight Time
From: robert@atcsd.com
To: AlertID@aol.com
File: Unknown (1601 bytes) DL Time (50667 bps): < 1 minute
Sent from the Internet (Details)
Thank you for your e-mail. We expect to offer this feature in a future
product and/or firmware upgrade. Thank you for your continued support.
Best regards,
Robert Putnam
Senior Vice President
e.Digital Corporation
13114 Evening Creek Dr. S.
San Diego, CA 92128
http://www.edig.com
Phone: (858) 679-3168
Fax: (858) 486-3922
robert@edig.com
make that NITE putters, CD/
bunch 'o night putters, ya know?
A month ago the company
drops over 6 million shares on a select group of " friendly insiders" @ $.19/share. Putnam buys another half million for a dime a pop. Over the month the price inexplicably rises over two hundred percent, despite a less than stellar web cast, and no news being released. So the company netted around a million from the sale and the "investors" had the opportunity to realize atleast twice that amount had they sold into the volume that was created by a number of unusual forces, not the least of which was the banter about all the "bullish" signs around edigital from the trading sites.
WHO PUT THIS GROUP TOGETHER and isn't this just another classic example of the management rewarding old cronies of Norris' at the expense of the shareholders?
*******
Pursuant to this prospectus supplement, our company is offering an
aggregate of 6,161,705 shares of our common stock to the following nineteen
individuals and entities in the amounts and for the consideration as hereinafter
described. In connection herewith, we are offering 5,965,792 shares of our
common stock to the following institutional and individual investors:
(i) Jerry E. Polis Family Trust (as to 789,474 shares),
(ii) Granite Financial Group (as to 526,316 shares),
(iii) Canusa Trading Ltd. (as to 526,316 shares),
(iv) Sunrise Capital, Inc. (as to 526,316 shares),
(v) Anthony Opperman (as to 526,316 shares),
(vi) Victor Diaz (as to 526,316 shares),
(vii) Davric Corporation (as to 263,158 shares),
(viii) Stifel Nicolaus Custodian for Jonathan Berg IRA (as to 263,158 shares),
(ix) Kenneth Grief (as to 263,158 shares),
(x) James & Josephine Zolin (as to 263,158 shares,
(xi) Wayne Sakar (as to 263,158 shares),
(xii) The Eric M. Polis Trust (as to 263,158 shares),
(xiii)Richard Daniels (as to 263,158 shares),
(xiv) Harrington Partners (as to 157,895 shares),
(xv) Steven Pratt (as to 150,000 shares),
(xvi) Sunrise Management, Inc. Profit Sharing Plan (as to 131,579 shares),
(xvii) Anya & Daniel Nunes (as to 131,579 shares) and
(xviii) Davis A. Polis Trust (as to 131,579 shares).
The common stock will be purchased at a negotiated aggregate purchase price of $1,133,500, with the purchase price per share equal to $0.19.
We also are offering 195,913 shares of our common stock to Eltech Electronics, Inc. ("Eltech") in consideration for certain manufacturing services previously provided to the company (the "Manufacturing Services"). For purposes
of this Prospectus Supplement, we have assumed that the Manufacturing Services have a value of $37,223.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D03....
A very powerful management team!
SAN FRANCISCO – June 26, 2003 – HandHeld Entertainment today announced it has hired Nathan M. Schulhof as president and chief executive officer. Schulhof is credited as the inventor of the MP3 player and holds several U.S. patents.
“Nathan Schulhof is uniquely qualified to lead HandHeld Entertainment to the forefront of the portable electronic entertainment industry,” said Geoffrey Mulligan, 22-year veteran of the software entertainment industry and chairman of the board of HandHeld Entertainment. “He is a technology visionary and has demonstrated time and again that he knows what it takes to make a business truly profitable. Under his leadership, HandHeld Entertainment is now positioned to become not just a successful company but also an industry leader.”
Schulhof’s credentials include more than 35 years as a serial entrepreneur. Prior to joining HandHeld Entertainment, he headed numerous technology and consulting businesses. As co-founder of Information Highway Media Corp. in the early 1990s (later renamed Audio Highway and then audiohighway.com), Schulhof lead the organization in introducing the Listen Up Player at the January 1997 Consumer Electronics Show, where it won an Innovations award and later garnered the People’s Choice award from the Upside Magazine/David Coursey Internet Showcase conference in 1998. He also took audiohighway.com public on the Nasdaq Stock Market in 1998.
Additionally, Schulhof co-founded TestDrive Co., a pioneer in the distribution of encrypted software on CD-ROMs, a company that was acquired 14 months after its creation by R.R. Donnelley & Sons Co., and he served as CEO of Silicon Valley Systems, as well as Jasmine Systems. He also ran an air charter service in the 1970s. More recently, he was a founding partner of GoldPine Partners, a consulting and investment firm that focuses on providing technology and biotechnology companies with services in conducting mergers and acquisitions, forming strategic partnerships and more.
“HandHeld Entertainment will ship this Christmas season something the consumer electronics market that has never been seen before – a high-quality portable video player priced at under $100, a price that will make it affordable to nearly everyone,” Schulhof said. “I am very pleased to be involved with this company, and I believe very strongly that what we have here will open a new chapter in the history of portable electronic entertainment.”
Schulhof is joined at HandHeld by Carl Page as chief technical officer, Eric Hamilton as principal scientist and Garrett Cecchini as executive vice president and general counsel.
Prior to co-founding HandHeld Entertainment, Page was a co-founder of eGroups (later acquired by Yahoo! as Yahoo! Groups) and was one of the early shareholders of Google. Hamilton is generally credited with being one of the top compression scientists in the world, having chaired the International JPEG Committee for three years. Prior to co-founding HandHeld Entertainment, Cecchini was a founding shareholder in three successful tech start-ups, as well as a practicing lawyer for 23 years.
“Not only has the development team done an incredible job of creating very powerful technologies that I believe will help HandHeld dominate the personal video player marketplace, but the team that’s been assembled is amazing,” Schulhof said. “I’m talking about expertise that ranges from one of the co-founding shareholders of Google to the former chairman of the International JPEG Committee and beyond. And in each instance, these market leaders personally invested in the company, which made it even easier for me to accept this position.”
About HandHeld Entertainment
HandHeld Entertainment was formally created in February 2003 in order to fill the gap in the portable electronic entertainment industry left open by the absence of affordable full-color handheld digital audio/video players. Lead by an experienced team of seasoned professionals, HandHeld Electronics is on track to become the foremost provider of digital audio/video media content and the hardware necessary to view it.
Here's a repost of the picture and hype-sheet.
http://www.hheld.com/
Ya' know joe,
I have a funny feeling that news and the profits you suggest the new investors want to "lock in" will be well coordinated from central control.
The "gang of 18." Chai/
lookin' for a publishing deal?/
They gotta lotta balls
"stuff magazine!"
http://www.stuffmagazine.com/index.html
LOL, bergie; THAT's coyote ugly/
fred: MAN
I was wonderin' what happened to you!! And berge? Listen like she said in the fried green tomato flick
If ya ain't got nothin' good to say......
Come over and sit next to me. MH
Actually, Tender, I don't think this track
can be downloaded. It has played over 240,000 times, however. My friend has sold a lot of his CD's because of it.
OT: Ah, On2.....
I was trading it very nicely a few years ago ($18 - $34+).
I will never forget the fallout when their broadcast of a movie "froze-up" on Roadrunner! Is Zelnick gone? As a CEO, he cldn't hit water if he fell out of a boat; I remember him well from the BMG days. Congrats to all who rode this one recently.
Probably better that it was for me!/
Too bad....
mp3.com has been very good to me
http://artists.mp3s.com/artist_song/2354/2354316.html
If it ain't broke,
why fix it, Cliff?
FOR IMMEDIATE RELEASE
Father of MP3 Player Nathan M. Schulhof
Named President and Chief Executive Officer of HandHeld Entertainment
Schulhof joins executive team comprised of several industry leaders in effort to bring first full-color portable high-quality digital video player to market at under $100.
SAN FRANCISCO – June 26, 2003 – HandHeld Entertainment today announced it has hired Nathan M. Schulhof as president and chief executive officer. Schulhof is credited as the inventor of the MP3 player and holds several U.S. patents.
“Nathan Schulhof is uniquely qualified to lead HandHeld Entertainment to the forefront of the portable electronic entertainment industry,” said Geoffrey Mulligan, 22-year veteran of the software entertainment industry and chairman of the board of HandHeld Entertainment. “He is a technology visionary and has demonstrated time and again that he knows what it takes to make a business truly profitable. Under his leadership, HandHeld Entertainment is now positioned to become not just a successful company but also an industry leader.”
Schulhof’s credentials include more than 35 years as a serial entrepreneur. Prior to joining HandHeld Entertainment, he headed numerous technology and consulting businesses. As co-founder of Information Highway Media Corp. in the early 1990s (later renamed Audio Highway and then audiohighway.com), Schulhof lead the organization in introducing the Listen Up Player at the January 1997 Consumer Electronics Show, where it won an Innovations award and later garnered the People’s Choice award from the Upside Magazine/David Coursey Internet Showcase conference in 1998. He also took audiohighway.com public on the Nasdaq Stock Market in 1998.
Additionally, Schulhof co-founded TestDrive Co., a pioneer in the distribution of encrypted software on CD-ROMs, a company that was acquired 14 months after its creation by R.R. Donnelley & Sons Co., and he served as CEO of Silicon Valley Systems, as well as Jasmine Systems. He also ran an air charter service in the 1970s. More recently, he was a founding partner of GoldPine Partners, a consulting and investment firm that focuses on providing technology and biotechnology companies with services in conducting mergers and acquisitions, forming strategic partnerships and more.
“HandHeld Entertainment will ship this Christmas season something the consumer electronics market that has never been seen before – a high-quality portable video player priced at under $100, a price that will make it affordable to nearly everyone,” Schulhof said. “I am very pleased to be involved with this company, and I believe very strongly that what we have here will open a new chapter in the history of portable electronic entertainment.”
Schulhof is joined at HandHeld by Carl Page as chief technical officer, Eric Hamilton as principal scientist and Garrett Cecchini as executive vice president and general counsel.
Prior to co-founding HandHeld Entertainment, Page was a co-founder of eGroups (later acquired by Yahoo! as Yahoo! Groups) and was one of the early shareholders of Google. Hamilton is generally credited with being one of the top compression scientists in the world, having chaired the International JPEG Committee for three years. Prior to co-founding HandHeld Entertainment, Cecchini was a founding shareholder in three successful tech start-ups, as well as a practicing lawyer for 23 years.
“Not only has the development team done an incredible job of creating very powerful technologies that I believe will help HandHeld dominate the personal video player marketplace, but the team that’s been assembled is amazing,” Schulhof said. “I’m talking about expertise that ranges from one of the co-founding shareholders of Google to the former chairman of the International JPEG Committee and beyond. And in each instance, these market leaders personally invested in the company, which made it even easier for me to accept this position.”
About HandHeld Entertainment
HandHeld Entertainment was formally created in February 2003 in order to fill the gap in the portable electronic entertainment industry left open by the absence of affordable full-color handheld digital audio/video players. Lead by an experienced team of seasoned professionals, HandHeld Electronics is on track to become the foremost provider of digital audio/video media content and the hardware necessary to view it.
# # #