When readers first suggested that I take a look at ON2 Technologies : ONT , I was skeptical. I heavily shorted smallcaps and microcaps from 2000-2002, and leaning on video codec companies was money in the bank. Every six to twelve months another company would come out with a new video compression algorithm that was going to revolutionize content distribution. The companies were always more hype than substance, and after a few disappointing quarters, their investors fled, leaving shorts like me with easy gains.
Admittedly, we are in a different era today. Video has come of age bo
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