July 2, 2007
posted on
Feb 22, 2008 07:59AM
William Blakeley stated that DM would begin litigation this quarter.
On September 7th, I believe, it was reported that documents had been filed.
Expectations were met.
"Addressing e.Digital’s efforts with Duane Morris LLC to monetize its flash memory-related patent portfolio, Blakeley commented, “Our management team, with the assistance of intellectual property (IP) veteran, Pat Nunally, has been working diligently with patent enforcement counsel, Duane Morris to exploit our portfolio. We are very encouraged by the technical and legal development of our portfolio and expect patent enforcement actions to commence this quarter.”
Then in November the company released that additional enforcement actions were happening...
.DIGITAL ANNOUNCES RECORD REVENUES AND IMPROVED FINANCIAL RESULTS -- Revenues for Q2 Grow 86% Over Preceding Q1 -- Additional Enforcement Actions of Flash-R™ Patent Portfolio Being Prepared
Then, December 20th, the company monetized the infringement target as being $20 Billion, and that documentation was being finalized.
They again restated that in the Q3 report on valentines day.
“Also, our intellectual property team is working to finalize the detailed legal and technical documentation necessary to support additional Flash-R™ patent portfolio enforcement actions against a group of companies who have over $20 billion in annual U.S. revenues derived from what we believe are infringing products.”
We should be getting close to round 2.