emit: Ittiam is a competitor of e.Digital. It develops product platforms for OEM licensing based on it's own technology. Furthermore, it sounds like one of Ittiam's OEM customers is designing a device to compete with APS's digEplayer.
Ittiam's customers - mainly OEM of digital devices - have already come up with products such as a digital camera and a handheld personal video for inflight viewing. Using Ittiam's new chip, one customer has been manufacturing and selling personal videos for less than half the price in the market. "The customer sells at around $400 per unit, as against $1000 per unit using other technologies," said Mr Rajam. Moreover, the Ittiam chip also makes it possible for the device to run for eight hours at a stretch. "No other product can run for this long," Mr Rajam said.
Do really think that e.Digital could be manufacturing a multi-media device and selling it in India without any mention of it in the SEC filings?
Can you or anyone else find any public proof to support the claims that e.Digital is selling a player based on Ittiam's platform in India or anywhere else?
The claim was made by sunpoop who said that the technical support guy at e.Digital told him. Is sunpoop a reliable source of factual non-public information? If so, the SEC might want to ask him about that. However, from what I've seen, he integrates his hopes and fantasies into information he has supposedly obtained from insiders. It doesn't seem that many take his "inside" information very seriously.
