More fruits from Forbidden

11/01/2006 Robert Tyerman

Video streaming specialist Forbidden Technologies is launching a new consumer video-editing package with Italian-owned internet and broadband group Tiscali.

AIM-quoted Forbidden has formed a partnership with Tiscali to launch its new 'Clesh' (clip load edit share) package. The company argues Clesh, a scaled-down version of its FORscene package for professional post-production broadcasters, is one of the first applications providing a 'truly interactive user experience through the internet'.

Clesh is designed to enable consumers to 'experience the functionality and features of FORscene' to edit and share their own video and mobile phone footage on the internet, through a home computer. Stephen Streater, chief executive of Wimbledon-based Forbidden, says 'using Clesh, consumers can create their own videos and publish them for viewing on the web or on mobile phones from almost any computer'.

Shares in Forbidden, which lost £642,500 in 2004 last year and a further £345,000 in the first half of 2005, were floated on AIM at 20p in 2000. After hitting 73.5p in 2003, they fell to 17.5p last October.

Since then the price has rallied somewhat. Forbidden now trades at 29.5p, up 3.5p this morning, valuing the company at £22 million.