mickey: In regard to you answer to my question it is what I expected, and confirms that you have no idea what the LG license and subsequent actions were about.
The following are actual facts, not opinions.
In Jan 2006 IDCC entered into a fixed fee, five year term license that expired on Dec 31, 2010. Under the terms of the agreement, LG paid IDCC $95 million in each of the first quarters of 2006, 2007, and 2008. The total payment of $285 million was all that LG was required to pay. The total payment covered.
(1) the sale of terminal units compliant with 2G and 2.5G TDMA-based and 3G Standards.
(2) the sale of a limited amount of infrastructure compliant with cdma2000 technology and its extensions.
(3) a release for any infringement claims that IDCC might have for any terminal units that LG sold before the Jan 1, 2006 effective date of the agreement. (i.e. past sales)
(4) upon expiration, a paid-up license to sell single-mode GSM/GPRS/EDGE terminal units. (i.e. the 2G paid up license)
Each of the above factors has a monetary value, however, as the license was for a lump sum fixed fee, there were no separate values or royalty fees related to each item. Therefore, under IDCC’s accounting procedures “We are recognizing revenue associated with this agreement on a straight-line basis from the inception of the agreement until December 31, 2010.”
For you to keep saying that LG signed an agreement and is not paying under that agreement is a complete misstatement of the facts. As described above, LG had an agreement and made all required payments under that agreement. Once the agreement expired on Dec 31, 2010, except for the paid up 2G units described above, LG became unlicensed as to all other products covered by the agreement, and had no legal obligation to pay IDCC. . Because LG was no longer licensed, in Oct 2011, IDCC filed at the ITC an infringement action against them.
So unless you have other facts, please stop saying that LG signed a license and has refused to pay under that license (or similar wording). Just saying it is your opinion, without any basis , means it is a worthless statement that has no value even as an opinion.
