Make Homepage | Add To Favorites | Print Page | Submit News | Feedback | Contact | 

Your Technical Computer Information Resource!  
     
  Technical Updates @ TACKtech Corp.  

07.24.2007 - DivX Announces Plans to Maximize Value and Growth Potential of Core Businesses and Stage6.com



View DivX related news. San Diego, CA -- July 24, 2007 -- DivX, Inc. (NASDAQ: DIVX) today announced that it is taking steps to maximize the value and growth potential of the Company's core businesses and Stage6.com. As part of these efforts, DivX plans to increase focus on its high margin, fast-growing technology licensing business by seeking to separate Stage6 into its own private company. Co-Founder and Executive Chairman Jordan Greenhall is stepping down from his role as Chief Executive Officer to lead the process of separating Stage6, which, if successful, is expected to be completed later in 2007. A committee of independent directors will assist in determining the terms and conditions of any such separation.

- View Press Release
- Visit DivX Labs, Inc.
- Visit DivX, Inc.

NID: 17200 / Submitted by: TACKtech Team
Categories: File Editors and Viewers, Press Release, Video Applications
Most recent DivX related news.
DivX Labs: DivX for Windows 9.1.0
DivX Labs: DivX for Windows 9.0
DivX Labs: DivX for Windows 8.1.3 Build 1.7.0.12
DivX Labs: DivX for Windows 8.1.3
Renesas Mobile’s Full-HD Capable Application Achieves DivX Certification as World’s First DivX Plus™ HD System-on-Chip
View archive of DivX related news.

Visit the TACKtech Shop
  Popular Tech News  
  Most Viewed News  
  Top Affiliates  
........