Quote:
Originally posted by FightThisPatent
Their financial sheets are all messed up, combining different divisions, etc.
On the 3Q conference call, the CEO or President commented that they have $1M set aside for patent litigation.
They don't have $40M in the bank.. i think the $27M they got from V-Chip licenses got sucked away to other parts of the company.
$1M is not that much for a year's worth of patent ligitigation.. maybe they are hoping everyone just rolls over... oh wait, there are 11 defendants jus waiting for their day in court...
Fight the Patent!
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This is off their financial report from the SEC site.
"Cash and cash equivalents and
short-term investments on a consolidated basis totaled $53,559,000 as of
September 30, 2003 compared to $54,688,000 as of December 31, 2002.
"