844/X Development Frozen

Optibase puts freeze on Media 100 844/X development
It's official, Optibase have placed Media 100 844/X development on ICE, with future details to be announced some time around NAB 2005.
Details from the announcement follow.
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From the desk of Uzi Breier CEO, Optibase, Inc.
Dear Valued Channel Partners:
Two weeks ago the Media 100 business unit released some exciting news about Media 100 HD development plans. This letter provides me an outlet to express my own excitement about the direction this business unit is taking, and the opportunities before us. It also serves as an invitation for you to contact me directly with any concerns or questions.
Allow me to begin by acknowledging your concerns about the restructuring that took place at Media 100 five weeks ago. As strong and committed advocates who have been with this company through good times and bad, and were surprised by the nature and scope of our announcement, I understand how that must have raised your ire. As businesspeople though, you must understand that my task upon accepting the position as Optibase CEO in October was to focus the company around opportunities and initiatives that present the very best potential for growth. The restructured Media 100 unit, with its Media 100 HD, is one of those initiatives. The Media 100 team will remain focused here. That said, the larger story--the one around which investors will rally--is the huge potential for growth in the IPTV market. It is this opportunity that will remain the stated public focus for Optibase.
Media 100 HD lives in the sweet spot between low-cost systems like Final Cut Pro HD and high-cost systems like Avid's Adrenaline HD. It is of particular interest to tens of thousands of legacy Media 100 users. Further, the software that comprises Media 100 HD's editing interface and functionality has been designed with the idea of running with or without the HDX hardware--opening up an even broader opportunity for us and creating exciting new workflows for existing users.
I realize that many of you are also wondering about 844/X. As promised, we plan to communicate updated status on this line at or around NAB 2005. Currently, 844/X development has been frozen. This product line will continue to be sold on an as-is basis with full warranty and available technical support, but without the promise of future development. In the meantime, we are evaluating our plans and technology with an eye toward the best opportunities for the growth of the company.
These are the opportunities I have asked the Media 100 team to focus around: continued development and marketing of Media 100 HD, and the introduction of a low-cost software product to complement Media 100 HD and create a growth opportunity in the broader marketplace. The roadmap is as follows:

Media 100 HD Roadmap
To summarize, this candid look at our plans begins what I hope will be an open and communicative business relationship. I want you to continue to work with us. Your advocacy has always been a key component of Media 100's success and it remains an important part of our plans moving forward. I appreciate your efforts and welcome your feedback.
Respectfully,
Uzi Breier
Chief Executive Officer
Optibase, Inc.
uzib@optibase.com

