DIGITAL MEDIA SOFTWARE companies Loudeye Technologies and Firepad announced Thursday that they are working on technology to deliver streaming video and animation to handheld devices.

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Mountain View, Calif.-based Firepad, which makes software for rich content on handheld devices, will be working with digital media infrastructure company Loudeye to encode movie trailers, newscasts, and other content for delivery on Palm's handheld devices. The companies hope the technology will eventually allow consumers to access streaming video on Palm devices using Firepad's software, which can display video at 25 frames per second, Loudeye said in a statement.

Loudeye, in Seattle, said it hopes to eventually deliver encoding services and support for video and animation formats across all wireless formats.