Quicktime compressing help

Hello there, i have very large quicktime files, 1.5GB or so, very hard to work with/edit for it takes a very, very long time to import into editing software, such as iMovie.

I have purchased quicktime pro 7 in the hopes that i could make smaller clips such as 60 second bits i could use to edit with easily, but the problem is, these clips are still insanely large for how long they are in comparison to the movie
such as i will take a 1.5 GB movie using the quicktime pro "trim to selection" to end up with a 60 second clip or so and it will still be about 20 MB.

Is there an efficient way to compress these clips in quicktime pro? i have tried using the "export" feature, started with a 20 MB clip and put all the settings on lowest, came out with a 160x120 pixilated clip, and still at 11 MB.

I think when i trim to selection, it does not actually delete the rest or somthing..

If anyone could help me with this compressing problem, and programs that do this, info/tutorials, or anything would be greatly appreciated

 

Okay, let me see if i can clear a few things up.


what i am trying to do is to take 60 seconds clips from 1 hour or so of footage and then edit these clips to create a montage of some sort.


it takes about 15 minuets to create the cut (trim to selection) in quicktime pro because it is in DVD quality

and then to take that same clip and put it into a editing software another 10 minuets for a 60 second clip.

it seems to me that it should not take this long when dealing with a 60 second clip.

other information:

the clips are in .mov format

i am trying to compress it to get a reasonable size to put into editing software, 10 mineuts for a 60 second clip just does not seem like i am doing it right. i have many clips that i have to go through this process to edit.

Destination: high quality streaming web sights (vemio) , or just playing in quicktime in full screen
i am running on a mac book pro with 2 GB of ram