With the vote done the uncertainty is past. Stochholders gave CEO Joll a resounding vote of confidence agreeing with J. Allen Kosowsky, non-executive chairman of On2, that CEO Joll has the strategic vision, industry experience, drive, and character to take On2 to the next level.
The relationship of trust and mutual benefit that Adobe and On2 CEO's have forged can not be downplayed, as On2's increased technical resources will continue to strongly benefit Adobe too. But important to present long investors, the broader vision of the Hantro-On2 merger that Joll is bringing to reality will also earn greater revenues faster, and given On2's record in controlling cost, going profitable can occur as early as 2008.
Given On2's greater prospects Institutional monies will soon become the bedrock for all long On2 investors with their increasing support driving down volatility that for so long so many traders have influenced and profited. On2's institutional support will increase quickly going forward because of the easily understood synergies between On2-Hantro that were well understood early on by both CEO's Joll and Kaikkonen, and once trust was won, in doing the deal to become one company.
“We are looking forward to giving our current customers access to On2’s best-of-breed technology and to making the On2 TrueMotion® codecs available for the first time at the hardware level,” said Eero Kaikkonen, president and CEO of Hantro. “In the device industry, ease of implementation, low power consumption, high performance and low bill of materials are important factors when evaluating technology. By combining Hantro’s longstanding expertise in low power consumption hardware video designs with On2’s cutting-edge video technology, we expect On2’s TrueMotion® codecs will become an easy choice for embedded and mobile manufactures and service providers. By adding On2’s codecs to Hantro’s current offerings, we will lead the industry in highly optimized, scalable and economically viable solutions for cross-platform applications that are shaping the future of video.”
As a result of the On2 acquisition, the combined company will have a comprehensive portfolio of highly optimized VP6 and VP7 codecs and standards-based video compression technologies. The combined company will continue to support Hantro’s customers with Hantro’s market leading multi-format hardware video IP products offering the widest range of options for semiconductor companies developing multimedia chipsets. The combined company will offer a full range of products and capabilities for video applications ranging from very low data rates to high-definition video across web, embedded devices, consumer devices and mobile/Wifi applications.
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