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TIMELINE INC (fka TMLN) RSS Feed

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TMLN 4.13m shares outstanding, Here's the play here 10/15/2007 From TMLN last 10-Q We do not foresee success in negotiating additional licenses until the litigation we instituted against ProClarity Corporation is resolved. We believe the outcome of this litigation is material to our future prospects.* Microsoft Corporation acquired ProClarity after the suit was filed. We believe that not only are Microsoft ISVs inclined to await the outcome of this litigation before seeking a license; but also the industry in general. Knowing Microsoft is fighting the patents on all available fronts, potential licensees would logically wait to see if our patents can withstand such scrutiny on validity and coverage.* Assuming a successful outcome in the ProClarity lawsuit, we intend to pursue patent license agreements during the remainder of fiscal 2008 and beyond. Well that time is now here, TMLN won their case against Microsoft. MSFT agreed to pay for TMLN patents $5,000,000. Form 8-K for TIMELINE INC 19-Oct-2007 Entry into a Material Definitive Agreement Item 1.01 Entry into a Material Definitive Agreement On October 15, 2007, Timeline, Inc. entered into a Confidential Settlement Agreement with Microsoft Corporation and ProClarity Corporation in settlement of (a) Timeline's patent infringement lawsuit filed against Microsoft and ProClarity in United States District Court for the Western District of Washington, at Seattle, No. CV 05-1013 JLR, and (b) Timeline's breach of contract lawsuit filed against Microsoft in King County Superior Court for the State of Washington, at Seattle, No. 07-2-18149-1-SEA (collectively, the "Actions"). Also on October 15, 2007, in connection with the Settlement Agreement, Timeline entered into a Confidential Patent License Agreement with Microsoft. The effective date for both the Settlement Agreement and the Patent License Agreement is October 16, 2007. Pursuant to the Settlement Agreement, the parties agreed to dismiss, with prejudice, their respective claims and counterclaims against each other asserted in the Actions. The parties further agreed to release and discharge each other from any claims existing as of the effective date with respect to the Actions or related to the facts and circumstances asserted in the Actions. In addition, Timeline agreed to release and discharge customers of Microsoft and ProClarity for liability for patent infringement, to the extent set forth in the Patent License Agreement. The Settlement Agreement is not an admission of liability by any party with respect to the Actions. Under the Settlement Agreement, Microsoft agreed to pay Timeline a one-time payment of $5 million within 14 days as consideration for entering into the Settlement Agreement and the Patent License Agreement. The net proceeds to Timeline from this amount will be reduced by payment of its 45% contingent attorneys' fees and other expenses of the litigation. Pursuant to the Patent License Agreement, and subject to receipt of Microsoft's payment, Timeline granted Microsoft and its affiliates a worldwide, irrevocable, non-exclusive, perpetual, and royalty free license to Timeline's patents that were the subject of the Actions (including U.S. Patent Nos. 5,802,511, 6,023,694, 6,026,392, 6,625,617 and 6,631,382) for use in connection with Microsoft's products and services. In general terms, the license rights to Timeline's patents extend to, among other things, (a) the manufacture, use, sale, supply, and commercialization of Microsoft's products and services, both directly and as components for use in their intended manner in other products and services, and (b) the combination of Microsoft's products and services with other products and services, subject to certain limitations. In addition, Timeline granted to Microsoft's and its affiliates' distributors, dealers and customers a worldwide, irrevocable, non-exclusive, perpetual, and royalty free license under Timeline's patents in connection with products and services that are needed to communicate or interface with Microsoft's products and services. The term of the Patent License Agreement continues until the last of the licensed patents expires and is no longer enforceable. The foregoing is a summary of some of the material terms of the Settlement Agreement and Patent License Agreement, and is qualified by reference to the complete terms and conditions of the respective agreements. Timeline Prevails in Microsoft Patent License Case State Supreme Court Won't Review Microsoft Appeal BELLEVUE, WA - December 5, 2002 - Timeline, Inc. (OTC BB: TMLN) today announced the Washington State Supreme Court has denied Microsoft’s request for review in Microsoft Corporation vs. Timeline, Inc. This decision leaves the Washington Court of Appeals ruling as controlling, where it held the Patent License Agreement between Timeline and Microsoft (Nasdaq: MSFT) should be given literal affect. As such, it does not protect any third party code or products used in conjunction with SQL Server if such code or product provides a material step in an infringement and SQL Server provides the other material steps. During the three and one-half years Timeline has defended against Microsoft’s lawsuit, both companies publicly advocated widely divergent views regarding the scope of the contract and the importance of this decision for investors and software users. No direct financial benefit was granted to either company by the Supreme Court’s action. The decision, however, should help eliminate the confusion caused by Microsoft’s prior false public press release ensuring all Microsoft users that the contract provided coverage. This misinformation has proven to be a major barrier to Timeline’s patent commercialization efforts. On the other hand, Microsoft itself filed a statement made by one of its licensees that "…your [Microsoft’s] product people clearly negotiated a settlement that leaves all developers out in the cold…" This licensee obviously recognized the harsh reality of the situation: Microsoft’s ability to sublicense third party products and code is limited. "Now that this case is drawing to a close, we believe it is time for Microsoft to clarify to its partners, customers and its shareholders exactly what impact this decision will have on its business and its customers’ businesses. Microsoft recently adopted a new code of conduct requiring adherence to its core corporate values of honesty, integrity and respect for customers, partners, and the tech industry. In that vein, we now look to Microsoft’s senior management to honor both the letter and spirit of our original agreement. We look forward to working with Microsoft to develop a proactive and progressive approach to helping their partners come into compliance with our patents," stated Charles Osenbaugh, CEO of Timeline. "In the meantime, we would welcome the opportunity to discuss patent licensing with software development companies that use SQL Server. While many companies may not infringe our patent, those that do will be best served by negotiating with us. We much prefer to negotiate than to litigate, and will endeavor to be reasonable with those companies that approach us to negotiate directly," said Osenbaugh. This is latest patent info...adds to 6 base patents covering 137 claims: http://biz.yahoo.com/bw/040518/186089_1.html Note this also ref patents: TMLN has brought in over $15m in patent licenses/awards since they began enforcing their patents a few years back...that figure is from old notes of mine and may be low. The settlement w/Cognos did a great deal to re-invigorate the balance sheet. . This is the Cognos award ref in the 4th qtr...after TMLN filed in 11/03 and Cognos counterfiled THE MATTER WAS SETTLED WITH MONTHS WITH TMLN COLLECTING $1.75m: Timeline And Cognos Settle Patent Dispute BELLEVUE, WA - February 13, 2004 - Timeline, Inc. (OTC BB: TMLN), a data management and reporting technology firm, today announced it has settled its pending patent dispute with Cognos, Inc., a world leader in business intelligence and corporate performance management solutions, and its U.S.-based subsidiary, Cognos Corporation. Each company has agreed to dismiss with prejudice its claims in the patent infringement suit brought by Timeline against Cognos. Under the settlement agreement, Cognos will pay Timeline a settlement totaling $1.75 million and license certain of its patents. Neither party has admitted to any liability under or validity of the patents. There are more companies out there..potential licenses either thru negotiation or litigation...AND the company keeps filing new patents AND continues to be granted add'l patents. This is not mickey mouse stuff...it's big time in my opinion. These patents are very important to the company. Now that revenue is picking up and European operations are back on track TMLN-having operated cash positive last couple of years-may be ready to post good numbers again this year. With only 4m shares out that could be beneficial. And then there are those patents....... Press Releases August 21, 2006: Timeline terminates limited patent license agreement with Microsoft http://www.tmln.com/docs/PR_8-21-06_Microsoft_contract_termination.pdf March 30, 2006: Timeline board votes to conserve cash for patent enforcement http://www.tmln.com/docs/PR_3-30-06_No_Div.pdf February 22, 2006: Timeline, Inc. receives data mart technology patent in South Korea; Second patent issued in Israel http://www.tmln.com/docs/PR_2-22-06_Korea_Patent.pdf September 1, 2005: Timeline Completes Asset Sale To Global Software Following Shareholders' Approval http://www.tmln.com/docs/PR_9-1-05_TMLN_Sale_to_Global.pdf September 22, 2004: Timeline receives data mart technology patent in China; Second patent issued in Australia http://www.tmln.com/docs/PR_9-22-04_Chinese_Australian_Patents.pdf June 28, 2004: Timeline receives Canadian patent on data mart technology http://www.tmln.com/docs/PR_6-28-04_Canada_Patent.pdf February 13, 2004: Timeline and Cognos settle patent dispute http://www.tmln.com/docs/PR_2-13-04_Cognos_Settle.pdf February 19, 2003: Microsoft vs. Timeline final judgment affirms Timeline patent rights http://www.tmln.com/docs/PR_2-19-03_MSFT_Final_Judgment.pdf January 15, 2003: Timeline receives Singapore patent on data mart technology http://www.tmln.com/docs/PR_1-15-03_Singapore_Patent.pdf January 9, 2003: Timeline receives Mexico patent on data mart generation technology http://www.tmln.com/docs/PR_1-9-03_Mexico_Patent.pdf March 5, 2002: Court of appeals rules in favor of Timeline in Microsoft appeal http://www.tmln.com/docs/PR_3-5-02_TMLN_Wins_MSFT_Appeal.pdf December 10, 2001: Timeline signs patent license agreement with Lawson Software http://www.tmln.com/docs/PR_12-10-01_Lawson.pdf June 13, 2001: Oracle and Timeline settle patent infringement suit http://www.tmln.com/docs/PR_6-13-01_ORCL_Settle.pdf
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