07-26-2003, 02:50 PM
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HAL 9000
Industry Role:
Join Date: May 2001
Posts: 34,515
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Quote:
Originally posted by scoreman
Are we agreeing that you are spamming your goods under the guise of controversary?
Acacia is not going away. They have millions in their warchest and 14 total employees. (more proof that they innovate nothing and litigate everything). Take a look at their last filings with the SEC. $49 million in cash in the bank and they are burning about $6 million per quarter on revenues of $222,000.00. Acacia releases their next quarter earnings next Tuesday after the market closes. It will be interesting to see how things are changing in their financials.
Stepping away from the legal issues, I find it difficult to believe that the shareholders of ACTG will let them continue to burn $24 million per year with only $49 million in the cash. Granted they have lines of credit and might even do another stock offering, but logically it would seem that Acacia will have to start generating some income here or face shareholder revolt. Of course this all assumes their costs will remain as high, which is unlikely since marketing costs were $4.2 million this past quarter. Those fancy packages they sent out didnt come cheap it seems, but this cost is not ongoing. It they were to funnel the majority of their cash into just litigation, the industry has a tough fight ahead.
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very interesting info |
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