NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

A little more history ...

... an interesting summation found elsewhere which might be of interest to newbies to NeoMedia. Sometimes a company's roots dictate whether or not it will ever bear fruit ... is the NEOM/YAGI hybrid a poisonous tree? (Have I mixed too many metaphors? lol)

Of course most or all of this has been posted here over the years , some of it by me. And there's lots lots more.

Around 1997 NeoMedia "made a profit as a reseller for other companies like IBM that know how to make something that people want to buy. Neomedia's management lost the reseller job when they forgot to pay IBM for their products they sold..what?

Neomedia made a deal with the Mexican gov for $350,000 and they had to give the money back.

Neomedia then made a deal with Digital Convergance, $100 million contract over the next 10 years. After 3 short months Neomedia lost $7 million and DC went bankrupt..

Neomedia with little money left then bought DayStar (A COMPANY OWNED BY C. FRITZ, NEOMEDIA'S CEO) FOR $3.5 million.

Then they bought QODE, not the software QODE, a little hand held recorder to record bar codes when you went shopping, you downloaded them to your PC and went to the websites using the barcodes in Neomedia's PaperClick software.

Neomedia has failed at everything because their management did not want to do anything but go to the post office waiting for a check from someone who wanted to license their IP."

Just for those interested in background.

jonesie