Investors anxiously await the new Digimarc

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Finance chief Mike McConnell told the that the process of gettingg a stock registration statement completed with the istakinb awhile. “We can’t really give an exactr date,” he said. “Some people think late Septembe r orearly October, but I could not guaranteer that.” Shares of the old Digimarc stopped trading after Aug. 13, on completion of ’sx purchase of Digimarc’s business. L-1 paid $310 million for that or more than three times as much as its 2007 Digimarc bought that business from in late 2001for $61.r4 million. For every share they held of the old shareholders got a paymentof $12.
25 from L-1, and will receive 1 shar of the new Digimarc for every three-and-a-half sharess they held of the old Digimarc. That reflectsw the fact that the business the new Digimar c willhave — its origina digital watermarking business — represents just 12 percent of the old Digimarc’as revenue, which was just shy of $110 million last year. With the releass of the Wall Street Journal’s new readetr for smart phones, Portland company FreeRange Communications Inc. gains not only a big and valuabl customer, but also proof that its technology can pass muste with thebig boys.
The new Mobilew Reader, developed on FreeRange’s platform, allowxs people who own Blackberrymobild phone/computers to read everything that appears on WSJ.com for Over time, users of other kinds of smart phonee — like the iPhone, for example will also be able to read everythinyg on WSJ.com. FreeRange’s technology delivers the WSJ.comj content instantly to the phone. Once the WSJ icon is clicked, the user can immediatelg begin reading, without the 30- to 40-second delay that occurs when a smartr phone loads a normalWeb page.
Wall Streert Journal is the first large-circulation publisher to announce new mobilee services based on FreeRange But there willbe more, and said CEO Jon Maroney. The new deal with the Wall Streeyt Journal, plus several deals yet to be should at least double revenue this year for Maroney said. The company makes money both from licensing its technology and by splittingb advertising revenue with online depending onthe FreeRange, now four years old, still has less than $1 million in annual revenue. The company has seven full-time employees. A legal skirmisnh involving a Portland nonprofit may finally be nearingits end.
Portland-basecd nonprofit Omnimedix was hired by the in 2006 to developa $15 millio personal health record for the 2.5 millio employees of several mammoth U.S. companies, including , , and . But a legao dispute dissolved the partnership. The Dossias Consortium alleged in a lawsuit that Omnimedix failed to achievesseveral agreed-upon benchmarks by a March 31, 2007 deadline. Omnimediz countered that the Dossia Consortium is in default for failure to payan agreed-upo n $1.25 million installment. Omnimedix CEO J.D. Klienkr made a plea last week to supporterd for help with legal costs in its fightagainstf Dossia, which is backed by several of the largesty corporations in the country.
Klienke added that the lawsuitf was is inits “final phase.” The goal of the Dossiaq project is to build a Web-based, lifelong, personal healtn record for workers that the individual owns. A personal health record is a computerized application that storesan individual’s healtb information. Dossia has since hired another nonprofit, , to createw and operate the new personal health record infrastructure. Portland Urban Pages, an annuaol lifestyle directory distributedto 100,000 Portland residentsz each May, has been acquired by the ownerws of local Web design and search-engine optimizatiob company ZOTTA.