Q3 Conference Call Synopsis...courtesey of wilander on SH

WILAN Conference Call for Q3 Highlights

Highlights:

- Met guidance

- Ended multiple litigations

- Losing trials never means that signing will not happen (as these recent signings prove)

- 275 licensed companies

- 325-50 million in booked revenue.

- Expect earning to increase going forward.

- Re Ericsson and Sony: a new trial is requested and Nov 21 is the date to see if that happens

- Plan to address the Apple loss that Wilan feels resulted in a mistake decision.

It is a TACTICAL set back not a STRATEGIC setback.

The jury decision will not be the end of the story. (all Skippen’s own words)

Strategic alternatives being explored.

Include:

- div changes

- Distribution of assets

- Sale of the company

- sale of patents

Wont comment further until substantive developments and decisions occur.

But did add they do not believe the true value of the company is realized in the share price and they intend to change that through the strategic alternatives.

GUIDANCE:

- Expenses will be drastically reduced going forward with less litigation and prosecution fees. Profitability will increase.

Q and A:

Cantor Fitzgerald:

Q: how to see revs over the next quarters?

A: we only report one Q at a time….that being said….into 2014 substantially more in the bag than 2013, so it should be very higher than 2013. Q4 is the highest so far, but they have offers on the table, so they hope to beat that in forward quarters.

Q: litigation expenses forward

A: dont anticipate high litigation going forward. Would be shocked if they weren’t substantially reduced

Clarus:

Q: what is going to happen with a retrial and new signings?

A: asked for a new trial for Sony/Ericsson, says the jury was mislead. (oral hearing nov 21)

-hope to sign a portfolio to be announced very soon

- a loss is a technical setback. Not strategic.

- matter of time before we sign who we lost to.

- very high number of ongoing discussion and offers on the table right now.

- very strong portfolio and many are willing to pay, the number to be determined.

Didnt get the questioners name:

btw, the questioner's name that you didn't catch was Todd Coupland of CIBC. I would add that in answer to Coupland's question, JS indicated that there is enough in the current portfolio/IP pipeline to generate increasing revenues going forward. The sectors covered are handsets, base stations, networking and semis (probably from the acquisition from Samsung). JS was quite adamant that Wilan will license the industry in these sectors. from cabbiejbj

Q -does the licensing need to be re-charged?

A: Rev going forward is increasing. Quite a bit higher than 2013. But yes we do and will need to sign licenses to keep increases happening.

- Looking at unlicensed parties (in various areas) there are many opportunities for growth.

- Seeing higher offers within Gladios license