I had watched the movie several times too. Still not sure even after his reply, but I think what he is saying is that it's an impotent 8 (the number on it's side) created with o's.

At first I thought it was a makeshift infinity sign ∞ refering to the endless "next version" being the savior. it's quite an obscure thing to figure out so forget I asked because whatever the reason for using oo I think he's refering to Windows 8 and not an abbreviation for some possibly cool new app/device/feature that I conjured up.