Comments on: On2 Shareholders Demand More Money From Google

By: JohnO

JohnO — Sat, 15 Aug 2009 18:52:47 +0000

http://wayonda.com/index.php?page=videos&section=view&vid_id=100106

By: GYA

GYA — Fri, 14 Aug 2009 09:35:40 +0000

Jon, I'd love to see Google try to develop their own open source codec that doesn't infringe on any patents. Yeah good luck with that.

Time Keeper. On2's stock was heavily shorted and covered. On2's CEO even said the following"

November 6, 2008 - 5:00 PM Eastern Third Quarter 2008 Results Conference Call

On2 CEO : "We are not positioning ourselves to be bought out. There is a lot more value in On2 than currently reflected in our market cap. I can say with great assurance that is not what we are trying to do."

On Thursday August 6, 2009 On2 Technologies Announces Financial Results For Second Quarter of 2009

"Matt Frost, interim CEO of On2, said the company delivered our strongest revenue performance in six quarters.

So did the value in On2 suddenly drop after their best performance in six quarters? Maybe they are just getting tired of running the show with all of the headaches and wanted some nice fat bonuses and cushy jobs at Google but where is the share holder value in that? BTW I love your blog!

By: GYA

GYA — Thu, 13 Aug 2009 21:11:29 +0000

Jon, I'd love to see Google try to develop their own open source codec that doesn't infringe on any patents. Yeah good luck with that.

Time Keeper. On2's stock was heavily shorted and covered. On2's CEO even said the following"

November 6, 2008 - 5:00 PM Eastern Third Quarter 2008 Results Conference Call

On Thursday August 6, 2009 On2 Technologies Announces Financial Results For Second Quarter of 2009

"Matt Frost, interim CEO of On2, said the company delivered our strongest revenue performance in six quarters.

By: timekeeper

timekeeper — Thu, 13 Aug 2009 19:15:42 +0000

But it doesn't buy calendar. $100M is like purchasing a time machine and they get all the work On2 has done in the stroke of a pen. Also, there is little development risk involved.

The company is publicly traded. The free market determines what On2 is worth on a minute by minute basis. (Currently $103.55M)

Bulls make money, Bears make money and Pigs get slaughtered. It looks like these shareholders are valuing potential future revenue much higher than the market does. Taking a page out of Jerry Yang's Book of "How to Screw up a Sure Thing", these shareholders should cut and run. If they are really nervous about missing out on Google's leveraging power with their technology they should take the money they make on their buyout and invest it in Google.

By: Jon Smirl

Jon Smirl — Thu, 13 Aug 2009 18:55:35 +0000

And how much is On2 worth if the shareholders succeed in convincing Google to develop their own open source codec and share it with Adobe? Another $100M buys an awful lot of open source codec development.

By: NV Energy seeks stimulus funds for smart grid - Charleston Daily Mail | goldmoneynews.com

Thu, 13 Aug 2009 17:33:24 +0000

[...] On2 Shareholders Demand More Money From Google - Newteevee.comShareholders have set up a web site, “ Vote No To Google’s Current Offer for On2 ,” with those representing as much as 20 percent of the voting interest in the company having pledged to kill the deal. Google had hoped to close the deal by the [...]

By: On2 Shareholders Demand More Money From Google - Newteevee.com | Review Google Cash Sniper

Thu, 13 Aug 2009 17:16:17 +0000

[...] Post By Google News Click Here For The Entire Article Review Google Cash [...]