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Looking at the 60 minute Nasdaq chart, it appears likely that the market has one additional "wave" lower before regaining footing on the intermediate term trend higher.
Some of the eviscerated technology stocks profiled earlier should see an additional buying cycle into the seasonal January Effect. I suspect the next wave higher will carry with it some clear-cut "topping" pattens on the charts.
In this post I would like to profile some of the homebuilders. A number of the charts are at key inflection points and many charts have a bearish slant; yet so did many charts of gold stocks prior to the recent rally in this industry group.
Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut. -- Ernest Hemingway
At this point I expect the Odyssey1000, should it ever reach production, will only be available through the e.Digital eCommerce site and the majority of sales will be provided by shareholders.
It's unfortunate, but I suspect e.Digital has burned many bridges with potential retailers by missing shipping deadlines. Further, I suspect many retailers are hesitant to engage e.Digital in business as a result of the company's rapidly deteriorating financial condition.
I anticipate 7-10 additional trading days of sideways consolidation beneath the 26 dEMA with a slight upward bias followed by what appears to be a seasonal trend of breaking out to the 200 dEMA ahead of the Consumer Electronic Show.
I am averaging in nicely.
By this time next year, the company should effectively be out-of-business; perhaps attracting sporadic engineering and design work.
But Anyway
Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut. -- Ernest Hemingway
We are hanging in there if only because of e.Digital Corporation's technology; by the way has anyone bothered to have the intellectual property evaluated by an independent party?
I've often wondered why the MicroOS isn't discussed in trade magazines or other avenues where software industry participants dissect applications.
If the technology is truly the bread and butter of the company, they've done a poor job eliciting exposure.
But Anyway
>
Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut. -- Ernest Hemingway
murrayhill
\ Blues Traveler: Hook
\ Lyrics and music by: J. Popper
It doesn't matter what I say
So long as I sing with inflection
That makes you feel that I'll convey
Sone inner truth of vast reflection
But I've said nothing so far
And I can keep it up for as long as it takes
And it don't matter who you are
If I'm doing my job then it's your resolve that breaks
Because the hook brings you back
I ain't telling you no lie
The hook brings you back
On that you can rely
There is something amiss
I am being insincere
In fact I don't mean any of this
Still my confession draws you near
To confuse the issue I refer
To familiar heros from long ago
No matter how much Pan refuse to grow
Was that the hook brings you back
I ain't telling you no lie
The hook brings you back
On that you can rely
Suck it in suck it in suck it in
If you're Rin Tin Tin or Anne Boleyn
Make a desperate move or else you'll win
And then begin
To what you're doing to me this MTV is not for free
It's so PC it's killing me
So desperately I sing to thee
Of love sure but also rage and hate and pain and fear of self
And I can't keep these feelings on the shelf
I've tried well no in fact I lied
Could be financial suiside but I've got too much pride inside to hide or side
I'll do as I'll deside and let it ride until I've died
And only then shall I abide this tide
Of catchy little tunes
Of hip three minute ditties
I wanna bust all your ballons
I wanna burn all of your cities
To the ground I've found
I will not mess around
Unless I play then hey
I will go on all day hear what I say
I have a prayer to pray
That's really all this was
And when I'm feeling stuck and need a buck
I don't rely on luck because...
The hook brings you back
I ain't telling you no lie
The hook
On that you can rely
/////////////////////////////////////////////////////////////
But Anyway
Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut. -- Ernest Hemingway
Who are you trying to fool or are you completely ignorant?
By the way, what a catastrophe that e.Digital did not have any Odyssey1000 players available for purchase to any prospective customers from the Parade article.
My feeling is the company is using the Parade article to gauge market response to the unit before determining production numbers. If only a small number of prospective customers responded to the waiting list- I do not expect the O1000 to ever enter the manufacturing process.
Congratulations to those who joined me in taking profits Friday and Monday.
Time to run this back down to $0.20 before we repeat the cycle one final time.
Averaging out very nicely.
But Anyway
Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut. -- Ernest Hemingway
The sleek and sophisticated Odyssey 1000 personal digital jukebox, digital voice recorder, and FM radio features an easy-to-use scroll wheel and VoiceNav™ speech recognition technology so you can find your favorite tune by simply saying its name.
Odyssey 1000’s 20-Gigabyte capacity holds up to 500 albums, and serves as a portable hard drive. Odyssey 1000 is expected to begin shipping during the holiday season. Click here to be notified when Odyssey 1000 becomes available. Don't forget to browse our other MP3 players while you do your holiday shopping.
+SNIP+
Does anyone know what this means? I was under the impression that the Odyssey 1000 was ready-to-go.
"Expected" to begin "shipping" can mean anything.
But Anyway
Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut. -- Ernest Hemingway
One additional comment before I board my flight.
MP3 players are not mass market items. An example of a mass market consumer electronic product would be a cell phone or personal computer.
The mass market for MP3 players will not be developed until the larger consumer electronic companies determine that spending hundreds and millions of dollars on advertising will offer a acceptable return on investment which is partially dependent on the acceptance of the consumer to purchase their music via the internet reaching critical mass.
It is a rather simple equation, do not advertise to the mass market when none exists for the product. You can get a better bang for your advertising dollar by targeting niche markets.
Timmi, hope this helps.
But Anyway
Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut. -- Ernest Hemingway
"Would you recommend they should have gone for a smaller demographic"
Yes I believe small companies, which describes e.Digital, need to focus on niche markets.
It is a simple tenet of business, I'm surprised it escaped your omniscience.
Let's face the facts Timmi, if I may call you Timmi, the only thing e.Digital mass manufactures is stock certificates. In fact one hundred and forty million of them to date; evidencing their accumen in this field.
I am glad you held and bought more, by all means keep buying. It can only help.
But Anyway
Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut. -- Ernest Hemingway
Now don't get me wrong here I love the Jumble and Ask Marilyn columns in Parade Magazine, but isn't the target marget of Parade Magazine housewives?
If I am marketing a MP3 player being billed as leading edge technology, wouldn't a more appropriate venue be a magazine targeted to music aficionados or tech-savvy individuals?
I'm not sure targeting individuals looking for casserole recipes, reading a interview with Al Roker or getting the latest celebrity gossip will provide the greatest return on investment.
Of course I could be wrong.
But Anyway
Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut. -- Ernest Hemingway
Maybe the more appropriate question would be to ask yourself how many times have you called your local BestBuy, CompUSA, etc, after seeing a consumer electronic product on the cover of Parade?
Never? Ditto.
Nice week.
I took some profits off the table today.
Still long a ton between $0.18 and $ 0.20 (and $0.40- YEECH!)
But Anyway
Always do sober what you said you'd do drunk. That will teach you to keep your mouth shut. -- Ernest Hemingway
Dell has in excess of a one hundred million dollar advertising budget. Dell is considered one of the most recognizable brands in consumer hardware. Dell is the recipient of numerous awards for product quality.
Edig is, well, Edig.
It's like comparing apples to chewed-up bubble gum.
Averaging in nicely ,
But Anyway
I am compiling a list of technology stocks that were former Wall Street IPO darlings turned red-headed step-child. In no way is this a recommendation to buy, sell or hold any of the securities on this list. This list is intended for tracking purposes only.
Today we took our original capital out of OPWV and 50% of our capital profits after netting nearly a 350% gain on investment We have decided to keep the 50% of the capital gains invested in the stock.
The stock is overextended and nearing gap resistance.
Today we have initiated a position in LNUX at $1.15, with a trailing stop-loss implemented at $1.12 and which will be subsequently moved higher as the price per share continuous on its breakout.
Today we added to our STOR position, with an initial cost basis of $1.03, at $1.22.
We are closely monitoring CRDS and will initiate a position today at the close if the price is trading above 5% or greater above $0.75 resistance.
Thank you for your support,
Trapper
In the event you did not know, InvestorsHub has a filtering feature allowing members to "hide message" from other members they have determined are not worth the time of reading.
http://www.investorshub.com/boards/filters.asp
I have added LawerLong, Edigokie (who I suspect is a multiple alias of LawyerLong) and Blackdog6 to my list of hidden posters.
But Anyway
moxa1- Right.
Apparently what you do not understand is "some revenues from regional retail and etail" costs our company at least $2 for every dollar generated in revenues and at worst $6 for every dollar in revenues. A child would realize this model is a recipe for disaster.
The idea of selling dollar bills for fifty-cents is what has brought the company to where it is today. Insolvent. Obviously retailing consumer electronic products is not for the under-capitalized. The O1000 will be a flop just as every other e.Digital branded player has proven to be. Of course, I am defining flop as a poor return on investment (in our case, a negative return on investment).
I believe e.Digital should refocus on their core competency of engineering and design. E&D is a profitable business line for e.Digital. Slash all other projects for a year or two and retrench as a profitable E&D company specializing in engineering and design service of prototypes for larger technology firms.
Generating a profit, no matter how small it may be, would be a huge sentiment booster for current shareholders. The other opportunites will still be around to exploit after e.Digital proves it can run a business that turns a profit.
But Anyway
I have a suggestion.
EDIG should immediately cease spreading their chips too thin and focus on the avenue with the highest probability of returning an after-tax profit to the company.
Stop designating engineers to work on a wild mix of applications and focus their energy, intellect and creative capacity on a specific business that is likely to generate profits to the company within the foreseeable future. Whether the business is IFE, Infotainment, digital music, voice navigation, embedded operation systems is immaterial. Decide on the avenue with the highest likelihood of achieving profitability, ignore the rest, refocus the sights of the company's employees, and forge onward.
I believe e.Digital has become a victim of it's own ability to identify growth markets. While their foresight is admirable, small companies will fail from the onset if they attempt to be everything to everybody. Find a niche, exploit the niche, turn it into an annuity and then move onto the next opportunity.
Borrowing from Mr. Collier's statement "first you crawl, then you walk and then you run", e.Digital has fallen flat on it's face because it is trying to run with one endeavor while trying walk with another and trying to learn to crawl with yet another.
End the fantasy of growing immediately into a giant technology company. Rediscover your identity, identify your strong points, isolate your weaknesses, review your opportunities and move forward with the one opportunity with the greatest odds of turning the financial state of the company around (profitability).
Entrepreneurship 101, Kellogg School of Management.
But Anyway
According to the FAQ section of e.Digital's website; we completed our portion of the industrial design prior to 20.08.02.
This supports the information disclosed in the recently filed 10Q, stating in no uncertain terms that we have recognized $40,000 of a $55,000 NRE contract, leaving the remaining $15,000 as deferred revenue (I do not expect e.Digital to collect the remaining amount in light of the fact that we completed our work near the beginning of the quarter).
e.Digital is in a position to collect additional revenue from Fujitsu Ten should Fujitsu Ten decide to move forward with the project and enter the manufacturing process.
I was told that e.Digital was/is providing a part for the unit and contracted to manufacture said part should Fujitsu Ten decide to move the project beyond the prototype phase.
It is anyone's guess whether Fujitsu Ten does move forward; Mr. Putnam's email does nothing to shed light on this question given the application of the obligatory disclaimers "expect" and "scheduled".
But Anyway
I plan on attending next year's Shareholder Meeting.
That said, any and every aspect of the company with regards to money or finances is disclosed in the 10Q and 10K documents filed with the Securities and Exchange Commission.
Just as the good faith commitment with DigitalWay to purchase $6M of inventory is disclosed in the 10Q, so would Fujitsu Ten's agreement to purchase $1M of product from e.Digital if it existed.
Omitting the contract from the 10Q, if it existed, would be a breach of Securities and Exchange Act of 1933. I highly doubt e.Digital is knowingly in breach of securities laws.
But Anyway
I have a email into Mr. Putnam in regards to the contradiction between the description of the Fujitsu Ten relationship in the Management's Discussion portion of the recently filed 10Q, specifically relating to the absence of the (just under) $1M purchase order, and that of the recent press release summarizing the Shareholders Meeting, where a purchase order is mentioned.
As I earlier said to rstring, I tend to err toward the side of documents filed with the government when seeking information.
Hopefully e.Digital will provide additional clarity regarding this issue. Their transparancy could be significantly improved. Improving transparancy would be a tremendous boost to what appears to be waning management credibility in the eyes of many shareholders, former shareholders and casual observers.
Personally, I am not satisfied with what appears to be a trend of selective disclosure of material information by the company to certain parties. Unless, of course, on the surface what looks like selective disclosure is simply conjecture by individuals stated in a method to infer fact.
Not a bad week all things consider. Nothing lost, nothing gained.
But Anyway
In light of the new accounting procedures instituted by the company, I do not think one large order would have any material impact on the quarterly revenues.
Remember folks, we do not recognize revenue until our product sells-through to the end user. I suspect this is one reason e.Digital is high on using liquidators; we recognize the revenue immediately upon the liquidator's receipt of our products. Of course, we are only getting fifteen-cents on the dollar from these guys so it is a double-edged sword.
But Anyway
e.Digital in Sound & Vision !
http://www.soundandvisionmag.com/pdf/hot_topics/1105/mp3.pdf
But Anyway
tolstoy-00- Thanks.
I am already a shareholder having purchased my first tranche of shares when the Odyssey1000 was initially announced during the summer months.
I like the markets e.Digital is addressing and believe with a little stroke of luck and some ingenuity, a reversal-of-fortune is within reason.
One lingering concern regarding the recently filed 10Q surrounds the cost of goods sold equaling over six times the revenue generated from product sales. I believe e.Digital should provide an explanation for this number and delineate the reasons why the gross margins were so deeply in the red. In other words, explain why we are selling products for fifteen cents on the dollar.
But Anyway
rstring-Interesting and thanks.
That certainly does not jive with the information disclosed in the recently filed 10Q. I tend to base my investment decisions on documents filed with the government rather than press releases, but obviously some clarification regarding this issue should be forthcoming from EDIG.
Worth noting is the terminology used to describe the dollar value of the "first order". The "total value" is just under $1M. The term "total value" certainly leaves its meaning up to the imagination of the reader. "Total value" can mean so many different things, including, but not necessarily, revenue to e.Digital. Confusing and something else that requires additional clarification.
But Anyway
Under the terms of our contract, e.Digital is developing and building an initial quantity of 4,000 automotive digital music players. Total value of this first order is just under $1 million.
DIVX & Fujitsu Ten, per the 10Q:
It is startling to me that although all of this information is public knowledge and easily referenced in filings with the Securities and Exchange Commission, individuals still pretend it is a mystery shrouded in a guessing game. Come on! This is a public company my friends.
I will take the liberty and distill the information.
There is not a firm order commitment by Fujitsu Ten for $1M worth of units. EDIG has a $55,000 NRE contract with Fujitsu Ten of which $40,000 has been recognized as revenue.
There are currently no outstanding financially binding contracts between e.Digital and DivX.
(The price has held up rather well. I remain optimistic)
But Anyway
In March 2002, we announced that we had entered into a Development and Manufacturing Agreement with Eclipse by Fujitsu Ten (“Eclipse”), a car stereo company. Under the agreement, e.Digital will receive NRE fees for design and development services, as well as revenues for the manufacture and delivery of Eclipse-branded audio products. Specifically, the agreement states that e.Digital will provide Eclipse with engineering services to integrate file management and compressed audio management technology designed by e.Digital into an advanced automotive audio system. Eclipse refers to their automotive audio system as an “infotainment” platform because it includes not only a radio and CD Player, but also may (i) connect wirelessly to the Internet to download music or other data, (ii) store, organize, retrieve, and play back data, including digital audio files, from a hard disk drive, (iii) connect wirelessly to a user’s home personal computer while parked in the driveway for purposes of downloading and/or uploading music or other information, (iv) record radio signals to a built-in hard disk drive as they are received and (v) recognize the driver’s voice commands to perform a variety of operations. Prior to entering into the Development and Manufacturing Agreement, we had collaborated with Eclipse for several months to develop and deliver state-of-the-art automotive OEM and aftermarket infotainment systems integrating the latest digital audio, voice recognition, data storage, video, and wireless Internet technologies for sale under the Eclipse brand name. The first system was unveiled at the 2002 International Consumer Electronics Show in Las Vegas. To date, we have received $55,000 under this agreement with respect to NRE fees only, of which $15,000 has been deferred as of September 30, 2002
In April 2002, we announced a strategic collaboration with DivXNetwork, Inc. (“DivX Networks”) of San Diego, California. DivX Networks created and markets a motion picture compression format (the DivX™ codec, a leading standard for MPEG-4 video distribution) that is used for storing, playing back, and streaming motion pictures over the Internet. Over 50 million users worldwide have downloaded the DivX codec and the format is frequently used for distribution of news, information, and entertainment by corporations and video producers including major motion picture companies. Under the agreement we are working with DivX to jointly develop and market a range of consumer electronics devices that play back DivX video. To date, we have received no revenues from this collaboration.
OUCH! That's almost a miss of 90% from the stated goal of $2.6M in revenues.
Oh well, onwards and upwards!
But Anyway
Will do. I just received a phone call from my accountant, he will try and tackle this issue over the weekend.
But Anyway
Good question.
I pulled up the original S3 registration. Here's what it says:
"Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities, or determined if
this prospectus is truthful or complete. Any representation to the contrary is
a criminal offense."
I've passed this JABRA issue onto my accountant who does the books for my small business. Business has been slow lately, he could use the extra work. :)
But Anyway
Edigokie no reason to get nasty. Shorts upset my stomach, anyhow. :)
Is this your email?
Subj:
Date: 11/14/02 9:57:52 AM Pacific Standard Time
From: robert@atcsd.com
To: **************
Yes; We received cash from converting our remaining Jabra shares into GN Netcom shares and selling them.
Best regards,
Robert Putnam
Senior Vice President
e.Digital Corporation
13114 Evening Creek Dr. S.
San Diego, CA 92128
http://www.edig.com
Phone: (858) 679-3168
Fax: (858) 486-3922
robert@edig.com
But Anyway
You are correct. A reverse-split has no effect on the percentage of ownership.
For example, if I own 1% of the outstanding EDIG shares, 1.3 million shares, and EDIG did a 1 for 100 reverse-split today, my 1% ownership will remain intact but my total shares position would drop to 13 thousand.
At any rate, I still maintain my 1% of the total market value of EDIG, reverse-split or not.
Interesting but still water under the bridge as far as I'm concerned. I was not a shareholder at the time all of this transpired.
But Anyway
If they received shares of GN Netcom and subsequently liquidated the shares for cash, they did not account for either transaction on the financial statements. Also, I don't think GN Netcom issued shares for JABRA, they paid in cash.
Is this a real email from Robert Putnam?
(nice rally today, BTW)
But Anyway
I just cross referenced the dates cited in this basher post with EDIG's SEC filings at
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000886328
and it appears that the information checks out.
EDIG 10K dated 28.06.96
On January 15, 1993, the Company sold 300,000 common shares of JABRA stock for
$750,000, and JABRA sold 500,000 newly issued common shares with warrants for
$1.25 million. The Company retained 2,300,000 common shares or 74.2% of JABRA
stock and the Company agreed to surrender operating control of JABRA pursuant to
the stock sale agreement. On July 15, 1993, the Company sold an additional
500,000 common shares for $1.625 million and JABRA sold 1,000,000 newly issued
common shares for $3.25 million. The Company's 1,800,000 common shares
represented 42.8% of the outstanding shares of JABRA and as a result of the lack
of operating control, the Company ceased consolidating JABRA's operations and
recorded its investment on the cost basis because it no longer had significant
influence over the operations of JABRA. At March 31, 1996, the Company had a
zero cost basis in its 1,800,000 JABRA common shares. During fiscal 1995 and
1996, JABRA reported to the Company the sale of 1,154,671 newly issued common
shares for proceeds of $4.0 million. As a result of these transactions, the
Company's ownership in JABRA at March 31, 1996, represented by 1,800,000 common
shares, is 23.1% (or 20.1% on a fully diluted basis). The Company has granted
an option to purchase 300,000 of the JABRA common shares to CVD Financial
Corporation ("CVD")."
EDIG S3 dated 20.02.98
The Company also holds as an investment 62,000 common shares (less than 5%) of JABRA. JABRA is a former wholly-owned subsidiary of which control was sold in 1993. JABRA is a developer and manufacturer of communication products for desktop, mobile and wireless applications.
EDIG 10KSB dated 28.06.98
The Company's 58,600 shares or approximately 2.5% investment in JABRA Corporation ("JABRA"), a private corporation, is accounted for using the cost method.
EDIG 10KSB dated 28.06.99
The Company's 58,600 shares or approximately 2.5% investment in JABRA Corporation ("JABRA"), a private corporation, is accounted for using the cost method.
EDIG 10KSB dated 27.06.00
JABRA Corporation no longer mentioned in the SEC documents.
That said, this is all water under the bridge.
But Anyway
LawyerLong, why the condescending tone to your message?
I am attempting to flesh out whether you have done any research on e.Digital or if you are FOS.
It is unfortunate but your reply provided about everything I needed to know.
I had given you the benefit of the doubt, but I guess what they say about you was right.
Oh well.
But Anyway
LawyerLong, your posts are full of intrigue though riddled with inferences and ambiguity and have piqued my curiosity!
Would you be so kind to provide additional details on what you have uncovered based on your lengthy personal investigations and discussions?
I'll make the leap of faith here that you are free to divulge the information you have gleened and that it would not fall under material inside information.
You also specifically refer to opportunities being overlooked by people regarding Portal Player. What opportunities do you feel people are overlooking?
I'm curious on your perspective.
I wish you would spend more time going into detail about your investigations/discussions and greater depth of explanation regarding your opinions, and considerably less time combating bashers. Clearly the former would be more helpful to us investors than the latter.
But Anyway
It truly is bizarre to watch the reaction of those who recoil at any semblance of criticism toward the company or management, with little regard to whether the information conveyed is factual or honest in it's context.
Reactions on this thread indicate that many have built a serious emotional attatchment to this stock; almost like they view the stock as their own child. This is clearly a big mistake and typically a recipe for losses when regarding investments.
Come on guys, this is foremost a stock and a company led by a management team, and most importantly this is an investment; something we engage as a means toward financial reward. Can anyone honestly say that investments do not warrant critique and prudent investors will always investigate the good and the bad?
Is this a forum to discuss our investment, whether the discussion is focused on negative or positive aspects, or is this a self-help group established to lift our spirits regarding EDIG however wild the positive speculation may be?
I have found the key to successful investing centers around the ability to measure risk, neasuring risk centers around the ability to uncover potential pitfalls before they emerge, uncovering pitfalls before they emerge centers around the ability to look at the good, the bad and the ugly.
But Anyway
If it is acceptable for people to compose a post detailing their reasons for buying or holding, then it is just as acceptable for people to detail their reasons for selling.
Wm_wallace's post was well thought-out, factual and totally appropriate.
Those who protest what is a negative-slant in an all-around well composed message obviously do not feel secure about their underlying motivations and/or reasons for investing in EDIG and probably need to reconsider altogether.
But Anyway
Geez! That is all this guy DB24 contributes- flaming others for their honest appraisals of our company.
Hey DB24, we want the share price to appreciate because people are buying the stock in response to the company generating increasing revenues and profits and not from people buying the stock because of some overly-optimistic message thread.
This isn't a ponzi scheme DB24, this is a company, a business and a stock.
But Anyway
Thanks.
Two questions.
Does Circuit City & Good Guys have a brick and mortar retail presence in Asia?
I wonder if the departed employees received a severance package?
I'm loading the proverbial boat at these levels, looking for an easy 5-bagger within 12 months.
But Anyway
Correct me if I am wrong but this is what a real IP licensing deal looks like:
(snip)
InterTrust Licenses Patents to Sony for Integration into Future Digital Rights Management Products and Services
SANTA CLARA, Calif., May 23, 2002 -- InterTrust Technologies Corporation (Nasdaq: ITRU) today announced a global licensing agreement with Sony Corporation (NYSE: SNE) that will allow Sony to use certain InterTrust patents in products that distribute digital consumer media content.
Under the agreement, InterTrust will receive a $28.5 million fee, in addition to running royalties for future Sony products and services that integrate InterTrust patents related to digital rights management (DRM).
InterTrust, which holds key patents in trusted computing and DRM, has licensed its intellectual property to Sony for the development, manufacture and marketing of digital media products and services across its diverse media and electronics business units.
"We are delighted that Sony, the world's leading consumer electronics provider, will use our inventions to develop new formats and platforms for electronic media distribution," said David Lockwood, CEO and President of InterTrust. "I believe that this agreement will help enable the next phase of market development for consumer media."
(snip)
The problem with EDIG's licensing deals is that they never do anything positive for the company's financial position. In the end, what's the point?
But Anyways