WorldSpace Inc fka WRSPQ

[NY73]

correct Jel. This new development is interesting, and could be considered positive news to some degree, however, it doesn't mean much by itself. there are countless examples of bankrupt companies that sell the rights to trademarks. In fact, trademarks are bought and sold all the time. BMW purchased the various trademarks from failed British sports car manufacturer British Leyland years ago, and that's why you see the BMW Mini today. Same for MG Rover, which ended up with a reborn MG, which then failed, and the trademark is now with a Chinese company. The worldspace brand has some value in India because that's where the subscribers were. It makes good sense for any new radio venture there to try to leverage that brand. However, with only 160,000 subscribers, the brand isn't worth a big sum. When it finally comes out via court docs, I'll bet the revenue from that license fee is very low.