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FT: Geo issued a statement on Thursday saying there was no reason for the price drop over past few weeks. Just strong influence of the NASDAQ and sector volatility. Others in the sector have fallen 30% against GEOs fall of 80%. It has strong product range and £7.5m joint venture with Energis to distribute its products, including s/w to dispay high quality video clips over the internet.

One analsyt said: " The shares are trading at 116 x next years sales. The sector usually trades at 20 to 30 x next years sales for Co.s without earnings. So its quite expensive.

GEO amongst others have had a problem with the Inland Revenue concerning ISAs. There now appears to have been a u-turn from the IR. See link:

http://www.citywire.co.uk/LatestNews/default.asp?section=0&vid=14501&fst=

Shares in Psion (PON:LSE) are getting a boost this morning both from solid half year figures and confirmation that Symbian will be floated, subject to market conditions. The stock is up 2.4%, or 16p, at 681p. However the news is not quite as good as it seems. First, the news of Symbian is not really all that new, and second the results are not quite as good as they appear on the surface. Despite today's announcement, Psion is not actually bringing the Symbian flotation forward. The company is merely saying that a flotation is the preferred option. In a statement this morning the company says: "Symbian shareholders have decided to float Symbian - subject to good progress in the establishment of volume products and to prevailing conditions in financial markets." See Also Psion Special: Cashing in On Symbian Up to now, Psion has consistently said it was looking at floating the unit but that was not thought likely until Symbian started to pull in significant revenues. Since Symbian is not expected to break even until the end of 2001 and won't be profitable until the year after that, the flotation is unlikely to happen in the near term. Indeed, Psion chief executive David Levin admits this morning that Psion has not even appointed a banker to the float. "What we've been saying to date is that flotation is one of the options open to us. Now we're saying it's the preferred option," he says. "As far as the timing goes, it remains the same. We're not in the business of floating this company until it's ready in terms of the markets for its products having been established."

THIS IS THE INTERESTING BIT:

Analysts have guessed that Symbian could be worth from £1-10 billion. At the mid point of that range, £5 billion, Psion's 28% stake in the venture would be worth £1.4 billion. Symbian is a venture between Psion, Ericsson, Nokia, Motorola and Matsushita. It was set up to try to make its EPOC operating system a standard for the mobile computing and phone industry. Sony and Philips also licence the technology but are not shareholders in the business. The above extract from The Street article of todays date relates to the following Geo announcement of 3rd August.

GEO Interactive Media Group Ltd 3 August 2000GEO to deliver wireless video solutions on Symbian platform

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August 3, 2000 - GEO Interactive Media Group Ltd ("GEO"), a leading-edgeprovider of wireless video solutions, today announced that it has developed a Symbian platform-based version of its Emblaze A2 MPEG4 decoder softwaresolution. Symbian has signed a non-commercial evaluation agreement to includethe technology on a showcase CD for 3rd party technologies running on theSymbian platform.Symbian, the leading technology provider for manufacturers of Smartphones andCommunicators, has licensed its platform to companies including Ericsson(NASDAQ:ERICY), Motorola (NYSE:MOT), Nokia (NYSE:NOK), Panasonic (NYSE:MC),Philips (NYSE:PHG), Psion and Sony.The offering of the Emblaze (trademark) Wireless technology for the Symbianplatform will enable all existing and future Symbian based devices to provide streaming audio and video services over existing (2G GSM, CDMA, TDMA) andfuture (2.5G, 3G) cellular networks. The Emblaze (trademark) solution willenable Symbian's software base with applications such as live video coverage,video on-demand applications (VOD), video messaging and two way full-duplexvideo conferencing. This effort will dramatically extend GEO's reach to mobilehandsets worldwide enabling MPEG-4 video transmission to mobile terminals viaits Emblaze (trademark) back-end systems.Sharon Carmel, co-founder and Chief Technology Officer of GEO said: "TheSymbian platform combined with GEO's carrier grade end-to-end solution willprovide network operators with a critical mass install-base of video enabledhandsets and mobile terminals to which they can offer streaming videoservices. We are delighted to cooperate with Symbian as the leaders in mobileOS in bringing the next generation of mobile communication to the world."Stephen Randall, EVP of Design and Technology, Symbian said, "GEO's Emblaze(trademark) is an ideal solution for video streaming over wireless networks.Their compelling technology complements the multimedia capabilities of theSymbian platform, enabling our licensees to provide innovative wireless videoapplications."

nwfusion.com:-

Tornado adds video to unified messagingBy Jason Meserve The Edge, 08/09/00 EL SEGUNDO, CALIF. - Tornado Development and GEO Interactive have partnered to add video messaging technology to Tornado Messenger service for carriers and telcos. Tornado will embed GEO's Emblaze streaming media product into Tornado Messenger, which will allow end users of the service to add video messages to their e-mails. Using a standard Web cam and microphone, a user can record a message and send it to any number of recipients. "The streaming video piece adds a more personal touch," says Duke Fonner, a product manager at Tornado. "It helps eliminate some of the vagaries of text-only e-mail." What is recorded by the VidMail component of Tornado Messenger is stored on an Emblaze video server located in the service provider's central office. Each recipient of the video message views it through a browser and does not have to download a lengthy file. Because the clip is stored and served centrally, it saves disk space by not sending out multiple copies of the same clip. Unified Messaging's Holy Grail is to allow users to receive and get messages from any device: phone, fax, e-mail, PDA or cell phone. With VidMail, users are not limited to just viewing video messages on a PC. They can also dial in to the service and listen to just the audio on a phone, Fonner says. This feature is also useful for those on low-bandwidth Internet connections, which are not suitable for streaming video. Tornado OEMs its Tornado Messenger product to telcos and other large service providers that want to offer unified messaging to their own customers. VidMail is available today at no additional cost to the service provider. Tornado Development: www.tornadodevelopment.com

FT: Interim Results: Half year to June, Pre-tax profit £3.94m (-£7.4m), still no divi.

[ note that these results were purposely released early to try to calm the market of the loss of Schiller a couple of weeks ago - IRW ]

3/5/2001 Emblaze opens up mobile 'walled gardens' -

video specialist drafts blueprint for mobile multimedia standard - Mobile users will soon be able to receive streaming video broadcasts from friends and colleagues regardless of differences in networks or handsets. Emblaze Systems (formerly GEO Interactive) and its wholly owned subsidiary, Emblaze Research (formerly Zapex Research), have taken a lead role in the development of the Wireless Multimedia Forum's (WMF) first recommended technical framework document. The document sets out a set of technologies and development practises that will lead to standardisation of the market. It will enable seamless,end-to-end delivery of streaming multimedia content across wireless networks. The WMF is an industry forum that includes major industry players such as Intel, Texas Instruments, Lucent, Cisco, Toshiba, Matsushita, Samsung, NTT DoCoMo, AT&T Wireless, Sprint PCS, Walt Disney and Warner Brothers. Emblaze Research's CTO, Dror Gill edited the document and Emblaze Systems' chief architect, Dror Ginzberg wrote the Media Description section. "The release of RTFD 1.0 marks an important step towards the world-wide standardisation of mobile multimedia delivery, which will enable this market to grow tremendously," said Eli Reifman, CEO of Emblaze Systems. "Emblaze Systems is committed to supporting these emerging standards in its product implementation, and to further advancing the standardisation activity in this area through active participation in forums such as the WMF, 3GPP,and others." "We are proud of our leading role as editors and co-chairs of the WMF," said Naftaly Sharir, CEO of Emblaze Research. "The enormous effort we have invested in the last year working with industry leaders to drive this standard forward has finally paid off with the official release of RTFD 1.0. Our involvement in this process will also benefit our customers, since the Emblaze ASIC product line already fully supports RTFD 1.0, and will continue to support advanced versions of the RTFD as they are defined. We believe that standard-based technologies are the only viable solution in the wireless space. We'll continue to implement these technologies while enhancing the overall media experience using our leading-edge video processing algorithms". The Recommended Technical Framework Document (RTFD) defines the streaming mechanism between multimedia distribution systems (servers) and wireless multimedia terminals (clients), and a file format which will enable content interchange between content creation systems and multimedia servers. There are plans to expand the paper to include additional media types, scene description, billing/accounting capabilities, digital rights management and quality of service attributes.

Emblaze Systems Ltd Preliminary Results for the year ended 31 December 2000

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12 March 2001 -

The Directors of Emblaze Systems Ltd, formerly GEO Interactive Media Group Ltd, are pleased to announce the results for the year ended 31 December 2000. During this period Emblaze has greatly strengthened its position as the leader in its sector by continuing to make significant progress across all areas of its operations, and today reports that it has exceeded its expectations and those of the market.

Highlights -----------------

* Full year results are into the black with net income of $11.6m (1999: $7.5m loss) * Profitable business achieving operating profit of $1.6m (excluding non- recurring charges and goodwill amortization resulting from the acquisition of Orca Interactive and Zapex Research and excluding any interest income) * Turnover increased by 310% to $30.7 million (1999 $7.5m) * Continue to maintain positive cash flow position * Extensive M&A activity - acquired full ownership of Orca Interactive Ltd and Zapex Research and invested in Tornado Development, Inc. a leading developer of Unified Messaging solutions. Emblaze continues to look at a number of potential acquisitions * Further licensing and royalty deal with Samsung for implementation of A3 chip into next generation phone * Licensing agreement with Ericsson to OEM Emblaze technology for a combined Ericsson/ Emblaze solution for cellular operators Naftali Shani, Chairman of Emblaze, said: 'We are extremely pleased with the performance of the business over the last twelve months. Our strengthened business model and focus on the wireless market has put us in an excellent position to take advantage of the growth in the sector. The slow-down in the telecommunications sector has had no effect on our business. In fact, our market segment is booming and we believe this strong growth will continue for the foreseeable future.' Eli Reifman, Chief Executive Officer of Emblaze, said: 'We have seen unprecedented interest in our technology and have entered into a record number of deals. The Company is at various stages of progress with literally hundreds of potential telecoms clients and strategic partners and expects to close a significant number of deals as a result of its sales and marketing activities in 2001. We are rapidly becoming a recognised brand name in the telecoms market.'