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Sunday, July 10, 2005 10:46:28 AM
Further, the interest alone on this award is probably 20 million dollars per year by this point. That's about 1/7 of our gross income and is not insubstantial. Samsung is also paying interest of about 2.5 million per year.
I believe that all here must understand and take hear that IDCC WON. A neutral arbitrator ruled in our behalf, on the world stage, in the face of hugh power and money. Further, if you are a lawyer and work in this system, you know that at least 85% of all appeals are lost. AND any appeal (vacatur in an arb) whereby the burden of proof is to virtually show gross wrongdoing or stupidity by the panel probably has a higher loss ratio.
As the generals say, "stay the course". The trial was the hard part, this appeal process will be over before you know it and the odds are now greatly in our favor. In the meantime, we must be patient and let the system continue to work. Rome wasn't built in a day.
IMO Ghors
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