Acacia Releases 1st Quarter Results - GoFuckYourself.com

DVTimes · 04-21-2004, 04:01 PM

Acacia Releases 1st Quarter Results

NEWPORT BEACH, Calif. ? Acacia Research Corp., parent company of Acacia Technologies Group, announced its first quarter financial results Wednesday after the close of trading on Wall Street.
For the quarter ending March 31, Acacia reported revenues of $599,000 in licensing fees, up from $6,000 in the first quarter period of 2003. Acacia reported a net loss of $989,000 versus $1,494,000 in 2003.

While Acacia reported a decrease in general overhead and administrative costs, the patent holder reported that its patent-related legal expenses have nearly doubled to $602,000 since the same time last year.

Total assets for Acacia have maintained at around $39,477,000, compared to $39,978,000 at the end of 2003. Cash reserves were reported at $32,529,000, down from $33,201,000 in the same period.

Since November 2002, when Acacia first made itself known to the adult entertainment industry and other industries over its Digital Media Transmission (DMT) technology patents, Acacia has signed 120 license agreements with various companies, predominantly adult.

The conference call was run by Paul R. Ryan, chairman and CEO of Acacia and company President Robert "Chip" Harris, and included a question and answer period from investors.

"The goal of Acacia is to become the leading technology licensing company," said Ryan, adding that the rollout of Acacia's licensing program continues to gain momentum in a variety of business sectors. "We are very enthusiastic about new opportunities we are evaluating."

Ryan said that the litigation process with certain members of the adult industry continues, that the judge is beginning to hear testimony, and that no ruling is expected until summer.

Ryan added that Acacia is in continuing discussions with online learning institutions, sports networks, Internet companies, and corporate websites, in addition to digital cable television companies, which Ryan referred to as "representing one of the most important licensing opportunities" for his company, and from which Acacia expects will bring in the motherload of recurring licensing fees.

According to Ryan, video-on-demand is expected to reach 85 percent of all cable households within the next five years and will generate billions in revenue.

Harris added that Acacia is currently looking at a broad spectrum of new technology patent portfolios and that they are currently in talks with "fairly large" companies regarding future acquisitions. Harris also said that Acacia is continuing to forge ahead into Europe, although at the moment only on a limited basis, but that the rollout is steady in terms of notifying satellite providers and some of the larger media companies that utilize streaming technology.

One investor used a baseball analogy to ask Ryan what "inning" the company was in during its negotiations with the digital cable industry. Ryan replied that they were somewhere in the middle of the game.

Ryan also said that while there is currently no active litigation with members of the cable industry, they are fully prepared to defend their patents as they continue to tap into the video-on-demand market sector.

"It's a process and it takes time," said Ryan. "A lot of companies have a different take on intellectual property, but litigation is part of our business model. Sometimes it's frustrating, but once they sign a deal, they are obliged to pay us recurring fees until 2011 or 2012."

Also announced during the conference call were consolidated revenues with partnering company CombiMatrix, a maker of biochip technology, which Acacia reported at $18,215,000, a number that can mainly be attributed to contract revenue through CombiMatrix deals with the U.S. Defense Department and Roche Diagnostics.

On April 14, Acacia purchased $15 million of CombiMatrix's common stock in a registered direct offering. Under the terms of the transaction, Acacia stated that it would sell 3 million shares of its Acacia Research-CombiMatrix common stock at $5 per share to a select group of institutional investors.

The patent holder also added a top-level patent specialist to its staff recently. Edward Treska joined Acacia earlier this month as vice president of licensing. Treska was hired to focus on licensing existing and new patent portfolios acquired by Acacia.

Treska was formerly employed as director of patents and licensing for SRS Labs, Inc., a technology licensing company based in Santa Ana, Calif.

http://www.xbiz.com/news_piece.php?id=2971

tbabe · 04-21-2004, 04:02 PM

cash reserves of 32 mil? Not too shabby

SykkBoy · 04-21-2004, 04:20 PM

"The goal of Acacia is to become the leading technology licensing company," said Ryan, adding that the rollout of Acacia's licensing program continues to gain momentum in a variety of business sectors. "We are very enthusiastic about new opportunities we are evaluating."

so, they are bragging they do nothing but license patents? Wow, to have a company does absolutely NOTHING to contribute to anyone or anything....I guess that's quite the dream of many internet entrepreneurs...

Am I the only one who'd NEVER trust someone named "Chip"? Sounds like some prep school asskicking magnet...

Mr.Fiction · 04-22-2004, 04:44 AM

The first quarter 2004 division net loss was $989,000

Another quarter, another million dollar loss.

allandk · 04-22-2004, 04:50 AM

fuck acacia.. The European Parliament voted on September 24th for a directive proposal which confirms the existing European law, makes software explicitely unpatentable and codifies additional safeguards, such as freedom of publication and interoperation.

LiveDose · 04-22-2004, 05:08 AM

Quote:

Originally posted by allanuk

"The goal of Acacia is to become the leading technology licensing company," said Ryan, adding that the rollout of Acacia's licensing program continues to gain momentum in a variety of business sectors. "We are very enthusiastic about new opportunities we are evaluating."

Translation: "The goal of acacia is to become the leading technology extortionist..."

Fuckin' cocksmokers....

RicardoB · 04-22-2004, 05:18 AM

I just hope that there will be a ruling this summer and that it will be a positive one for us.

to all the companies fighting these scumbags!

B-Eazy · 04-22-2004, 05:30 AM

I hope this company loses every case in court. I hate YOU ACACIA

Gemini · 04-22-2004, 05:40 AM

but litigation is part of our business model...

.......what is so VERY wrong about a statement like this?

EU law concerning software is a useless defense against this... the patent invloves NO software.

32mill in the bank still? A company we're invested in is banking 300-500 million this year... already have roughly 100 mill in... Hmmm, acacia sure is rolling in it!

allandk · 04-22-2004, 08:56 AM

Quote:

Originally posted by Gemini

EU law concerning software is a useless defense against this... the patent invloves NO software.

read: such as freedom of publication and interoperation
http://swpat.ffii.org/

mpulse · 04-22-2004, 10:00 AM

didn't they go after Microsoft for monopolizing...sounds like Acacia's agenda to me...just my

stev0 · 04-22-2004, 10:30 AM

Quote:

Originally posted by allandk
fuck acacia.. The European Parliament voted on September 24th for a directive proposal which confirms the existing European law, makes software explicitely unpatentable and codifies additional safeguards, such as freedom of publication and interoperation.

good to hear.

04-21-2004, 04:01 PM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,547	Acacia Releases 1st Quarter Results Acacia Releases 1st Quarter Results NEWPORT BEACH, Calif. ? Acacia Research Corp., parent company of Acacia Technologies Group, announced its first quarter financial results Wednesday after the close of trading on Wall Street. For the quarter ending March 31, Acacia reported revenues of $599,000 in licensing fees, up from $6,000 in the first quarter period of 2003. Acacia reported a net loss of $989,000 versus $1,494,000 in 2003. While Acacia reported a decrease in general overhead and administrative costs, the patent holder reported that its patent-related legal expenses have nearly doubled to $602,000 since the same time last year. Total assets for Acacia have maintained at around $39,477,000, compared to $39,978,000 at the end of 2003. Cash reserves were reported at $32,529,000, down from $33,201,000 in the same period. Since November 2002, when Acacia first made itself known to the adult entertainment industry and other industries over its Digital Media Transmission (DMT) technology patents, Acacia has signed 120 license agreements with various companies, predominantly adult. The conference call was run by Paul R. Ryan, chairman and CEO of Acacia and company President Robert "Chip" Harris, and included a question and answer period from investors. "The goal of Acacia is to become the leading technology licensing company," said Ryan, adding that the rollout of Acacia's licensing program continues to gain momentum in a variety of business sectors. "We are very enthusiastic about new opportunities we are evaluating." Ryan said that the litigation process with certain members of the adult industry continues, that the judge is beginning to hear testimony, and that no ruling is expected until summer. Ryan added that Acacia is in continuing discussions with online learning institutions, sports networks, Internet companies, and corporate websites, in addition to digital cable television companies, which Ryan referred to as "representing one of the most important licensing opportunities" for his company, and from which Acacia expects will bring in the motherload of recurring licensing fees. According to Ryan, video-on-demand is expected to reach 85 percent of all cable households within the next five years and will generate billions in revenue. Harris added that Acacia is currently looking at a broad spectrum of new technology patent portfolios and that they are currently in talks with "fairly large" companies regarding future acquisitions. Harris also said that Acacia is continuing to forge ahead into Europe, although at the moment only on a limited basis, but that the rollout is steady in terms of notifying satellite providers and some of the larger media companies that utilize streaming technology. One investor used a baseball analogy to ask Ryan what "inning" the company was in during its negotiations with the digital cable industry. Ryan replied that they were somewhere in the middle of the game. Ryan also said that while there is currently no active litigation with members of the cable industry, they are fully prepared to defend their patents as they continue to tap into the video-on-demand market sector. "It's a process and it takes time," said Ryan. "A lot of companies have a different take on intellectual property, but litigation is part of our business model. Sometimes it's frustrating, but once they sign a deal, they are obliged to pay us recurring fees until 2011 or 2012." Also announced during the conference call were consolidated revenues with partnering company CombiMatrix, a maker of biochip technology, which Acacia reported at $18,215,000, a number that can mainly be attributed to contract revenue through CombiMatrix deals with the U.S. Defense Department and Roche Diagnostics. On April 14, Acacia purchased $15 million of CombiMatrix's common stock in a registered direct offering. Under the terms of the transaction, Acacia stated that it would sell 3 million shares of its Acacia Research-CombiMatrix common stock at $5 per share to a select group of institutional investors. The patent holder also added a top-level patent specialist to its staff recently. Edward Treska joined Acacia earlier this month as vice president of licensing. Treska was hired to focus on licensing existing and new patent portfolios acquired by Acacia. Treska was formerly employed as director of patents and licensing for SRS Labs, Inc., a technology licensing company based in Santa Ana, Calif. http://www.xbiz.com/news_piece.php?id=2971 __________________ The Affiliate Program

04-21-2004, 04:02 PM	#2
tbabe Confirmed User Join Date: Dec 2003 Posts: 2,494	cash reserves of 32 mil? Not too shabby __________________ Still one of the best programs on the net. According to their banner, you can get rich.

04-21-2004, 04:20 PM	#3
SykkBoy Jesus loves bacon Industry Role: Join Date: Feb 2001 Location: Sin City, Motherfucker Posts: 19,969	"The goal of Acacia is to become the leading technology licensing company," said Ryan, adding that the rollout of Acacia's licensing program continues to gain momentum in a variety of business sectors. "We are very enthusiastic about new opportunities we are evaluating." so, they are bragging they do nothing but license patents? Wow, to have a company does absolutely NOTHING to contribute to anyone or anything....I guess that's quite the dream of many internet entrepreneurs... Am I the only one who'd NEVER trust someone named "Chip"? Sounds like some prep school asskicking magnet... __________________ Support my new movie “The Second Coming”

04-22-2004, 04:44 AM	#4
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	The first quarter 2004 division net loss was $989,000 Another quarter, another million dollar loss. __________________ Don't be lazy, protect free speech: ACLU \| Free Speech Coalition \| EFF \| IMPA

04-22-2004, 05:18 AM	#7
RicardoB Confirmed User Join Date: Jan 2004 Posts: 2,576	I just hope that there will be a ruling this summer and that it will be a positive one for us. to all the companies fighting these scumbags! __________________ Let Me Show Ya How I Really Feel Ricardo's Rants

04-22-2004, 04:50 AM	#5
allandk Confirmed User Join Date: Aug 2003 Posts: 259	fuck acacia.. The European Parliament voted on September 24th for a directive proposal which confirms the existing European law, makes software explicitely unpatentable and codifies additional safeguards, such as freedom of publication and interoperation.

04-22-2004, 05:30 AM	#8
B-Eazy Confirmed User Industry Role: Join Date: Mar 2004 Posts: 1,521	I hope this company loses every case in court. I hate YOU ACACIA __________________

04-22-2004, 05:40 AM	#9
Gemini Confirmed User Join Date: Jan 2001 Location: o-HI-o Posts: 7,183	but litigation is part of our business model... .......what is so VERY wrong about a statement like this? EU law concerning software is a useless defense against this... the patent invloves NO software. 32mill in the bank still? A company we're invested in is banking 300-500 million this year... already have roughly 100 mill in... Hmmm, acacia sure is rolling in it! __________________ <center><a target="_blank" href="http://dev.datedollars.com/index.php?s=signup&aid=535&cfg=aac"><img border="0" src="http://216.130.172.224/gfy/gsig.gif" width="490" height="100"></a><br><a href="http://dev.datedollars.com/index.php?s=signup&aid=535&cfg=aac" target="_blank"><b><font face="Arial"><font color="#FF99FF"> Buy me away from Slavedriver Smokey!<br>It's May Sig Sweeps!<font></b></center>

04-22-2004, 10:00 AM	#11
mpulse Confirmed User Join Date: Jan 2004 Location: St. Pete, FL Posts: 765	didn't they go after Microsoft for monopolizing...sounds like Acacia's agenda to me...just my __________________ when in doubt...don't whip it out! ICQ#280837216