RedChip Announces Initial Research Coverage on Onstream Media Corp. (ONSM)
RedChip announced that it will begin research coverage on Onstream Media Corp, a leading Application Service Provider of live and on-demand, rich media communications. The company recently introduced a set of enhancements to its proprietary webcasting platform, including a webinar service providing the means to hold a virtual seminar online in real time, a Flash-based player, embedded Flash video, and audio and video editing capabilities. RedChip Research’s Analyst, Piyali Chakravarty, M.B.A., wrote in the report, “ONSM has a current price/sales multiple of about 5, and we are estimating revenue of $16.8 million for the full FY08. In ONSM's August 2007 10Q…
