This company was brought to my attention when I read about it in the local newspaper.
Ioptics is a Bellevue, Washington-based emerging company that is being backed by its neighboring giant Microsoft to develop smaller, ligher, faster, tougher, and cheaper hand-held devices that feature a new optical storage system, a new technology known as OROM, for optical read-only memory.
Tiny computers, electronic games, personal audio players--all may be transformed by the new technology, according to the article.
Microsoft, besides its investment of $9.5 million (along with Polaris Venture Partners) in the company, is also consulting with Ioptics on its marketing plans and opening doors for the company with various equipment manufacturers.
The technology will be officially unveiled at a technology conference in late March of 1998, and the company says its products will reach consumers by mid-1999.
If this has an IPO in the future, this could be a hot stock. Any comments regarding the company's fundamentals and potential are invited. |
