Forum Archive Index - July 2001

["nick" <helmett@xtra.co.nz>]

GOOD NEWS FOR ITC  SUPPORTERS

 

 Good news in todays herald, concerning  two of ITCs main investments,

virtual spectator and deep video imaging.

      VS has just won a multi million dollar contract to show  live internet

coverage of the volvo ocean race.

         Deep video imaging has also had a thumbs up from from

warehouse founder Stephen Tindell (who is investor in company).

 

Here is the extract where he mentions DVI

 

Asked to cite an example of a local success story with which he had been involved, he mentioned Hamilton's Deep Video Imaging.

The company has taken on the giants of the technology world in the race to develop a 3D computer screen and now counts the Singapore Government among its investors.

This year it struck a deal to provide its technology to Korea's LG Philips LCD, a joint venture between electronics manufacturers LG and Philips.

Although saying that he was not ready to sell his stake in the company, he estimated that it had increased in value substantially.

Unlike some, he was not concerned that the companies would eventually be snapped up by overseas buyers.

"Provided exits are taken and that money is reinvested back in New Zealand this thing can really work. It's far better to own 10 per cent of a billion-dollar company than 100 per cent of a $1 million company."