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Message: Form 8-K

U2 and others... licenses are no longer

in response to by
posted on Dec 25, 2007 09:37AM

considered extraordinary events.....they are part of doing business for Patriot which is why no 8K has been necessary for each signing.  However, as I asked in my earlier post.....does the settlement constitute an extraordinary material event which requires the filing of an 8K?  I understand that with the silence involved it may mean that an attachment to the next SEC filing is adequate.  This I do not know.

Is it also possible that one reason for not filing now might be because the terms of the settlement do not make it a material event right now....it may become a material event at some future point based on something else happening.  In other words, is it possible that money will not be released until such time that an event takes place? (i.e USPTO definitive ruling)?

Does this make sense to anyone else?  I realize that the Markman was in our favor, however, that doesn't mean that the re-exam is a slam dunk.  Look what happened to Echo Star...if memory serves me correctly (from an earlier post of mine)  Echo Star won it's infringement case against Microsoft and then had it's patents invalidated by the re-exam.  Microsoft filed an appeal after it lost in court.  Ultimately they settled.

Laurie 

 

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