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Saturday, July 28, 2007

Woz amoung backers of upstart video compression company

Steve Wozniak, co-founder of Apple Corp., has signed on with a small Internet startup which it's 21 year old founder predicts "... going to be a-billion-dollar company." started from graduate research into digital "compression" technology that its founders say they can make digital camera movie clips look like high-definition television on the Web. With backers like Clear Channel's Red McCombs and Wozniak, the kids just might have a chance "With their compression technology, they are able to drastically shorten the upload time-frame, which is critical." It will be interesting to see how develops. The Globe and Mail story here.