Actually it was the following to the JV LLC;
HP $26.4M
Casio $ 2.0M
Fujitsu $31.6M
Total $60.0M
It appears each company is being sized up when negotiating a license. Almost $32M for a license from Fujitsu tells IMO was no ``get off my back payment``.
On January 24, 2006, the JV LLC entered into a license agreement with a third party, pursuant to which it received $26,400,000 and on February 21, 2006 and February 24, 2006, the JV LLC entered into license agreements with third parties for $2,000,000 and $31,600,000, respectively. The JV LLC recorded all of the license revenue from these agreements during the quarter ended February 28, 2006. As of February 28, 2006, the Company recorded licenses receivable of $33,600,000. The Company received a cash distribution from the joint venture of $10,115,574 in January 2006.
