What is "pixelon"

Pixelon was a dot-com company founded in 1998 that promised better distribution of high-quality video over the Internet. It gained fame for its extravagant Las Vegas launch party, followed by its sudden and violent decline less than a year later, as it became evident it was using technologies that were, in fact, fake or misrepresented. Its founder, "Michael Fenne", was actually David Kim Stanley, a convicted felon involved in stock scams who was "on the lam and living out of the back of his car" when he arrived in California two years earlier. In the year 2000 Pixelon began to fire employees and reduce its operations until its bankruptcy.