Meanwhile management sits on their thumbs as the share price falls. Then again, what is their incentive? They have set aside 20 million with an m for their bonuses and the new bonus program will not be approved until June at the ASM. It is pretty clear that Apple once again approached us to clear the way for Hon Hai(Foxxcon) to come to the USA. The painstaking efforts to justify the Apple deal on the CC sums up the haircut to previous revenue forecasts we are now experiencing. We now have the top 3 terminal sellers in the wireless sector with guidance of less than 400 million annually. Apple knew that Pegatron is suing us and we had not pursued FC who is their competitor. There has been no announcement that Pegatron has dismissed their action which would have been on the top of my list before signing with Apple. Have we been appled again? We will not fully know until the Pegatron litigation results are known. In the meantime, it appears that new licensing will be forthcoming sometime after the ASM unless the Lomp patents are deemed valid and infinged before. If that event occurs we have Zte and MSFT/Nok in a nostril stretch which may produce a settlement or 2. Any way, I sent the wife out for a few boxes of Snickers and a pillow after kicking myself in the a$$ for getting myself in this predicament again. We have the players (engineers), but our coaching remains a bit mysterious for lack of a better description.
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