THis should rocket:DD
Some DD on INNN
This company has just emerged from chapter 11 after a windfall
settlement in which a combination of TCI, NBC, Motorola...
These companies are paying $39MM for some 7.8MM shares of INNN (this
means at a value of $5) PLUS 12MM+ in cash bonus.
INNN holds patents on the technology used for interactive television
applications. These cover everythting from advertising to online
gambling...it is thought that much of the existing interactive tv stuff
is infringing on these patents. Big companies made early investments in
INNN secured by INNN Patents and technology. Then the companies
attempted to seize the patents by cutting the promised funding to INNN
and placing liens on their patents with plans on forclosing thus
completing the "fleecing" of INNN's technology. The case was just
recently settled and INNN won big time. The settlement was in the form
of a capital investment in INNN with very favorable terms plus 12MM+ in
cash.
More interesting is that now TCI, T, MOT, NBC (GE) and others own
significant percentages of INNN. Also, MSFT now owns some INNN too via
T/TCI)...Look at the following news byte from May 3, 1999. Look at the
companies involved in ATVEF (a consortium dedicated to creating
standards for Interactive TV)...they are many of the same companies
that, as of just recently, now just happen to collectively own a large
percentage of INNN...the technology they speak of below is INNN's
patented technology...my thinkink is that :
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"Strong Support is Growing for Interactive TV Standard Proposed by
Microsoft and
ATVEF Co-Founders
REDMOND, Wash., May 3, 1999 - Among the many events and
presentations at the
recent National Association of Broadcasters convention in Las
Vegas, one group
offered a glimpse of the future.
Advanced Television Enhancement Forum, or ATVEF, a cross-industry
alliance
founded by Microsoft and 13 other technology and media companies,
showcased its
drive to establish a single standard for producing interactive
television.
For a sense of what interactive television has to offer, picture a
local newscast, an
infomercial, or an episode of Baywatch accompanied by a range of
interactive content.
A viewer who tunes into the middle of an interactive episode of
Baywatch is able to
select a menu item and read a synopsis to catch up on the current
plot line or book a
ticket on Expedia to take a cruise. Someone who is curious about
what's coming up
after the news can point the cursor to a programming guide and
preview the evening
schedule. If the skin-care products Victoria Principal is selling
in her infomercial look
interesting, placing an order is just a click away.
During the broadcasters' conference, Microsoft's ATVEF team was
busy recruiting
broadcasters, cable and satellite companies, and others as adopters
of the ATVEF
specification for television enhancements. The team launched the
ATVEF Web
site-available now at microsoft.com and hosted a
reception for
platform, transport, and content companies.
Getting with the Program
But Microsoft promoters of the ATVEF specification are not asking
just broadcasting
conventioneers to get with the program. They want anyone at
Microsoft whose
products or services involve the Internet to consider incorporating
the specification into
what they are doing. The ATVEF spec not only makes interactive
television possible, it
also makes products traditionally used on a computer adaptable to
television. "People
will come up with things we haven't even thought of," said Jim
Laurel, group marketing
manager for Microsoft's Digital Television Group. "A lot of
applications typically used
while sitting in front of a computer could be applied to a TV set."
The current momentum that is building for proposed ATVEF standards
is exactly what
Microsoft and other forum founders sought when they first came
together in 1997.
Without a standard specification, content companies had to tailor
interactive
programming to individual technologies, making them reluctant to
invest in such efforts.
And without a broad range of content, consumers would not invest in
set-top boxes,
digital videodisc players, and other devices that deliver the
content. Further, the
receivers, applications, and tools for creating interactive content
developed by
companies like Microsoft would not achieve their potential.
By adhering to the standard, ATVEF founders-such as Disney, Public
Broadcasting
Service, and CNN Interactive-and ATVEF adopters are able to produce
interactive
television content for viewing across any network to any
ATVEF-compliant receiver.
With a greater supply of content, interactive television can
achieve the critical mass that
will move it onto the family-room television and handheld videodisc
players-or stream it
to computers over the Internet.
ATVEF's 14 founding companies-Microsoft, Intel, Disney, NBC,
CableLabs,
Discovery, PBS, DirecTV, CNN, TCI, NCI, Sony Online, Tribune, and
Warner
Bros.-represent more than 50 percent of U.S. domestic television
programming, and 85
percent of U.S. households receiving cable and satellite
programming, as well as major
consumer-electronics and computer-industry companies, said Kris
Evans of the
Microsoft Digital Television Group.
Recent adopters, from Samsung to Tektronics, and several other
companies that signed
up during the Las Vegas convention, are proving the merit of a
standards-based
approach, Evans added.
With the adoption of a single standard, the long-awaited
convergence of television and
the Internet can finally become a reality.
More Information Sources
Feature story: Digital TV Promises a New Level of Interactive
Entertainment and
Information for Television Viewers
Digital TV Terms Defined
Microsoft ATVEF Web site
Microsoft Digital TV Web site"
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Also, a licensee of their technology just signed with a british
cable/wireless company, INNN is expected to gain royalties from
this...so revenues will start to come in now...
SOME INNN PATENTS (compare these to the technology discussed in the
ATVEH consortium artcile above):
Message 9292494
Message 9306250
This SCHED 13D which was just filed details the big settlement with NBC,
TCI, MOT etc.:
disclosure-investor.com
Check the this CHART...looks like right side bowl formation coming
which, if completed, could have INNN at $14 a share, a 1400% percent
increase from todays level:
bigcharts.com.
MISC INNN Bites:
-A licensee of INNN's technology just signed with a british
cable/wireless company, INNN is expected to gain royalties from
this...so revenues will start to come in from this.
-Word is just starting to spread a bit...looks like the "hype" machine
is just starting to rev its engines...
-O/S is around 30MM with about 20MM in float, currently trades at a
buck...tradeable float is believed to be considerably lower.
-Rumor that Media Metrix is brokering deals for them
-Rumor that origianl underwriter is meeting with INNN new management
regarding sponsorship etc...
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