Zivo up for grabs?
LibertyOne has appointed John Gibbons of Ernst & Young voluntary administrator after making an announcement to the ASX that iReality group had reconsidered its financial rescue package for the struggling Internet company.
Shares in LibertyOne were suspended from trading after the statement claimed iReality had decided to discontinue its financing of the company, leaving LibertyOne without the necessary cashflow to continue operations.
The iReality Group issued a response suggesting the LibertyOne statement had "grossly misrepresented iReality's position", claiming that at no time did it ever suggest it was not going to fulfill its promised financial rescue packageThe fate of Web development company Zivo, one of the remaining subsidiaries of LibertyOne, has been left hanging in the balance as a result.
Premiere 6.0 released
Adobe has announced the 2001 release of Premiere 6.0, the latest version of its digital video editing software for publishing digital video content on video, video-CD or in multiple Internet video formats.
Premiere 6.0 content can be published as Microsoft WindowsMedia, RealVideo and Apple Quicktime, and can integrate seamlessly with several other Adobe applications such as After Effects, Photoshop and GoLive.
The product is being distributed by Express Data and Tech Pacific in versions for Windows 98, 2000, ME and NT as well as Macintosh OS 9.04. It is expected to ship in the first quarter of 2001 at around $1459, with previous Adobe Premiere customers being able to upgrade to version 6.0 for $440.
Development goes online
Oracle has announced plans to transform its online developer program (Oracle Technology Network or OTN) into a hosted application development environment where developers can collaboratively develop, test and deploy Web applications while online.
The vendor has launched two free, hosted Internet services for developers to use on the Oracle 9i platform: the Oracle Portal Online Studio (for developing and deploying enterprise portals) and OracleMobile Online Studio (for developing and deploying wireless applications).
Using the Oracle Portal Development kit, developers can build portlets on their own PCs then register with the Oracle Portal Online Studio, paste their portlets on the OTN and evaluate the results online.
Oracle's online developer program has 1.2 million developers registered at present, and grows at about 68,000 members per month.