<s>
PictureTel	B-Application
Corporation	O
,	O
often	O
shortened	O
to	O
PictureTel	B-Application
Corp.	O
,	O
was	O
one	O
of	O
the	O
first	O
commercial	O
videoconferencing	B-Application
product	O
companies	O
.	O
</s>
<s>
PictureTel	B-Application
was	O
founded	O
in	O
August	O
1984	O
as	O
PicTel	O
by	O
MIT	O
students	O
Brian	O
L	O
Hinman	O
,	O
Jeffrey	O
G	O
.	O
Bernstein	O
and	O
MIT	O
Professor	O
David	O
H	O
.	O
Staelin	O
.	O
</s>
<s>
The	O
result	O
was	O
PictureTel	B-Application
,	O
creating	O
one	O
of	O
the	O
first	O
real-time	O
systems	O
to	O
implement	O
motion	O
compensation	O
and	O
transform	O
coding	O
in	O
July	O
1986	O
.	O
</s>
<s>
PictureTel	B-Application
was	O
funded	O
as	O
"	O
PicTel	O
"	O
by	O
an	O
initial	O
public	O
offering	O
in	O
November	O
1984	O
,	O
becoming	O
a	O
public	O
company	O
on	O
virtually	O
its	O
first	O
day	O
of	O
business	O
.	O
</s>
<s>
Its	O
name	O
was	O
changed	O
to	O
PictureTel	B-Application
in	O
1987	O
,	O
due	O
to	O
concern	O
about	O
potential	O
name	O
conflict	O
with	O
another	O
communications	O
company	O
,	O
Pacific	O
Telephone	O
Co.	O
,	O
also	O
known	O
as	O
PacTel	O
.	O
</s>
<s>
PictureTel	B-Application
's	O
first	O
product	O
,	O
the	O
C-2000	O
codec	O
(	O
compressor/decompressor	O
)	O
was	O
the	O
first	O
commercial	O
implementation	O
of	O
this	O
computationally	O
intensive	O
technology	O
.	O
</s>
<s>
Subsequently	O
,	O
most	O
of	O
the	O
video	O
compression	O
standards	O
for	O
two-way	O
communications	O
and	O
video	O
broadcast	O
applications	O
have	O
been	O
based	O
upon	O
motion	O
compensation	O
and	O
transform	O
coding	O
,	O
including	O
those	O
most	O
widely	O
used	O
today	O
such	O
as	O
H.264/MPEG	B-Application
-4	I-Application
AVC	I-Application
.	O
</s>
<s>
PictureTel	B-Application
played	O
a	O
strong	O
role	O
in	O
developing	O
the	O
industry	O
standards	O
for	O
video	O
,	O
audio	O
,	O
and	O
data	O
communications	O
,	O
and	O
released	O
much	O
of	O
its	O
technology	O
for	O
use	O
free	O
of	O
charge	O
.	O
</s>
<s>
In	O
October	O
2001	O
,	O
PictureTel	B-Application
was	O
purchased	O
by	O
Polycom	O
,	O
a	O
company	O
that	O
was	O
co-founded	O
in	O
1990	O
by	O
Brian	O
Hinman	O
and	O
another	O
early	O
PictureTel	B-Application
employee	O
,	O
Jeffrey	O
Rodman	O
.	O
</s>
