Monday, August 27, 2007

DivX newsflash

DivX, acquired the assets of Kansas-based Veatros LLC, a provider of real-time video identification technologies. The deal, possibly valued at $4.25 million, dropped the stock price of DIVX down to almost $13.20 the day after the move was announced. DivX has had a rollercoaster year with the 52-week high shy of $32 and the low at $12.20. DivX is on our list of companies to keep an eye on. If you haven't been to to download a great video player - go check it out. DivX technology compresses video to a fraction of its original size for efficient storage on your hard drive and easier sharing online. As a sidenote, Veatros LLC was a spinoff of the University of Kansas for all you Jayhawk fans out there.

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