Monday, December 07, 2015 10:11:34 PM
My takeaway is that the licensing/royalty itself agreement is confidential, meaning we are not going to be told how much the patents were negotiated for. We will only see the income results over the upcoming Quarterly Reports. Why state something as confidential, and then reveal the corresponding amount in the very next paragraph?
The $21.5 seems to be an initial payment, i.e. reimbursement for legal fees, etc. It's no coincidence that the value is just below the threshold for which V has to start paying Nokia their 35% cut. After this initial payment, 35% of the additional license/royalty fees will be given to Nokia.
That and just plain logic seems to indicate the total amount should be higher. Why would ZTE be so concerned and launch such a vast campaign to slander V's name over such a small amount? Why would V spend so much time chasing what is essentially no net gain (after legal costs)? We all read the public Pacers from SDNY. It was certainly looking (very) favorable for V, and that case alone was worth more than $21.5 million.
That's just my impression, though. Only time will tell. For now I'll be holding and watching for developments, which sadly may not be until the next few Earnings Reports.
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