3-D Firm goes overseas for Cash Infusion. (Technology).FINDING U.S. public markets hard to crack, Santa Monica-based Dynamic Digital Depth Inc. took its quest to the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and came back with $10 million. Shares of DDD DDD Direct Distance Dialing DDD Digital/Digital/Digital (audio CD format, recording/mixing/mastering) DDD Degenerative Disc Disease DDD Domain Driven Design DDD Data Display Debugger (GNU Project) , as the company is commonly called, began trading on Jan. 3 at the equivalent of 94 cents and last week it was at $1.10. Lead underwriters of the U.K. offering were Schroder Investment Management and Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. . Founded in 1993, DDD develops technology for viewing 3-D images without special glasses. The technology is used on LCD and plasma displays. Mostly the company has been successful selling to defense technology companies for 3D topographical mapping and marketing companies for outdoor advertising and trade show exhibits. Chris Yewdall, president and chief executive, said the $10 million would help market and commercialize the technology that was originally developed for oil and gas exploration. The company has its roots in Perth, Australia, where it was founded as Xenotech. It changed its name to DDD in 1998 when it moved its headquarters to Santa Monica. Before the UK IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , DDD had been operating largely on the largess lar·gess also lar·gesse n. 1. a. Liberality in bestowing gifts, especially in a lofty or condescending manner. b. Money or gifts bestowed. 2. Generosity of spirit or attitude. of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of investors Elliott & Associates and Motorola Broadband, which had provided $4 million in seed money. DDD has 40 employees in Australia and Santa Monica, Yewdall said. The company's glasses-free 3-D technology was on display during the most recent holiday shopping season at Warehouse Music in Beverly Connection shopping center. Yewdall said it would be the middle of the decade before the technology makes its way into living rooms. |
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