You say I think EDIG saw less than $25k from both these deals combined
From the March 31, 2003 10K they had so far $55,625 of lic revenues and NRE fees of $75,000 (of which $36K was deferred hitting the income statement in later Qtrs)or at the least $130K from one of the deals.
Nothing has been said about giving anything away, and my conversations with the company confirm that.
From the 10K...
"In July 2001, we signed a royalty-bearing licensing agreement with Bang & Olufsen Multimedia A/S ("Bang & Olufsen"), a premier European electronics, telephony and audio/video manufacturer. Under this licensing agreement, we customized and provided Bang & Olufsen a MicroOS-based custom product platform for use in their branded music product line. To date, we have received $75,000 under this agreement with respect to NRE fees only, of which $36,292 has been deferred as of March 31, 2003. The first product developed under our licensing agreement (the BeoSound 2 digital audio player) became available to consumers in the United States and Canada in late June 2002, and in European markets a few weeks later. In December 2002, Bang & Olufsen added BeoSound 2 for the Macintosh to their product line. This was also developed in collaboration with our engineering team. Bang & Olufsen sells their branded products through exclusive retail stores worldwide. To date, we have received $55,625 of licensing revenues and have recognized a total of $55,625 of revenues under this agreement.
"Whatever time I've got left now belongs to the Big Fella Upstairs"
