Calypso Wireless (fka CLYW)

[conagra]

WE ARE SETTLED. I have been waiting for this day for a long time and now it's here. We are done with Daic. The case has been settled out of court.

The court docket was just revised to show the following:

11/07/2007 TRIAL SETTING TRIAL ON MERITS CASE SETTLED

I spoke to Betsy Wall the coordinator who said she got a call from Ms. Rusnak, Daic's attorney, this morning saying the case had been settled.

You will also notice on the docket sheet at the top the status has changed to:

Status HOLD FOR JUDGMENT

According to Ms. Wall, that denotes the parties have reached a settlement and when they submit it to the court the judge will sign it.

Ms. Wall said the Friday conference call will be cancelled.

It's been a long road to get rid of Daic but it's done. I'd guess we will see some formal announcement from Calypso in the next few days followed by licensing announcements now that we are free to execute deals.

Smoke em if you got em.
Final