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Message: Probably Won't be the Best Quarter Financially

Probably Won't be the Best Quarter Financially

posted on Jun 11, 2008 09:05AM

If we can take Dutton at its word that ALL the licenses signed in February EXCEPT Tokyo Electron will be included in the Q4 financials, then based on the historical average of license fee-to-annual revenues, PDS will have earned about $11M for the quarter, so after expenses, PTSC will likely receive less than $5M for the quarter.


Here's what we have to date per the filings, and then the Q4 numbers are estimates based on the historical averages. Obviously we learned that the historical averages are NOT a great barometer since the settlements didn't meet the averages, but this at least provides a comprehensive list of licenses, their annual revenues as best I can find them, and the fees associated with each license or group of licenses as announced by PTSC. It's interesting that while PTSC won't tell Investors what licenses were and weren't included in the quarter, they apparently DID tell Dutton. I don't think that's proper, but at least we seem to be getting some information from them even if in a round-about way. (Excuse the formatting but the borders don't copy to Agoracom)

Date Licensee Anl Electronics Revs of Licensee (Millions) - 2006 License Fee Paid (Millions) Notes
1 FY05 2/22/2005 AMD $5,600.00 $3.05
2 FY06 7/7/2005 Intel $35,382.00 $20.00
3 1/24/2006 Hewlett Packard $94,081.00 $26.40
4 2/21/2006 Casio $5,187.00 $2.00 x
5 3/1/2006 Fujitsu $42,850.00 $31.60
6 Q107 6/2/2006 Sony $43,626.00 $25.75
7 6/12/2006 Nikon $6,656.00 included above
8 6/23/2006 Seiko/Epson $12,319.00 included above
9 6/28/2006 Pentax $700.00 included above x
10 Q207 9/1/2006 Olympus $8,636.00 $6.95
11 9/20/2006 Kenwood $1,446.00 included above x
12 11/27/2006 Agilent $5,086.00 $8.85 x
13 Q307 12/11/2006 Lexmark $5,108.00 $7.32
14 12/18/2006 Schneider Electric $5,900.00 included above x
15 2/8/2007 NEC (except for NEC America) $33,742.00 $15.99 Attributing 3/4 of 39.8B annl revs
16 2/20/2007 Funai Electric Co., Ltd. $3,095.00 $2.92 x
17 Q407 3/9/2007 Sandisk $3,258.00 $13.42 x - estimated breakout
18 4/11/2007 Sharp $25,651.00 $8.72 estimated breakout
19 5/3/2007 Nokia $54,290.00 $20.95
20 Q108 7/6/2007 Bull $1,514.00 $0.50 x
21 8/29/2007 Lego $1,500.00 $1.00 x
22 Q208 9/7/2007 DMP Electronics Inc. ?? $1.43 x
23 9/9/2007 Denso Wave Incorporated $400.00 included above x
24 9/10/2007 American Power Conversion $1,600.00 included above x
25 10/29/2007 Royal Philips Electronics $26,356.00 $18.00
26 Q308 11/17/2007 TEAC $900.00 $27.92
27 12/3/2007 Daewoo $100.00 included above
28 12/6/2007 WMS Gaming $500.00 included above
29 12/7/2007 Lite-On-It $6,820.00 included above
30 12/10/2007 Alpine $23.00 included above
31 12/18/2007 Matsushita $77,090.00 included above
32 12/18/2007 JVC $6,425.00 included above
33 12/18/2007 Toshiba $45,799.00 included above
34 12/18/2007 NEC Electronics America $6,054.70 included above
35 12/21/2007 Verigy $700.00 included above
36 1/4/2008 Humax $654.00 included above
37 1/17/2008 Psion $375.00 included above
38 2/5/2008 Tokyo Electron $6,772.00 included above
Totals $576,195.70 $242.77
Ratio $2,373.40
Based on the above numbers, for every $2373
in revenue you bring in, you pay $1 in license fee
Below are additional licneses signed but values not reveealed yet
Date Announced Licenssee Anl Electronics Revs of Licensee (Millions) - 2006 Estimated Fee Based on Historical Ratio of $1 License fee per $2373 in Revenues Notes
39 Q408 2/8/2008 Direct TV $13,160.00 $5.54
40 2/25/2008 Mattel $5,970.00 $2.52
41 2/26/2008 AMO $1,090.80 $0.46
42 2/28/2008 Citizen $2,233.00 $0.94
43 3/6/2008 Gerber Scientific $530.40 $0.22
44 3/17/2008 Emerson Radio $233.84 $0.10
45 4/22/2008 Research In Motion $2,668.00 $1.12
46 4/28/2008 Onkyo $500.00 $0.21 estimated annual revs
Q4 TOTALS $26,386.04 $11.12
TOTALS $602,581.74 $253.89
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