NeoMedia Technologies, Inc (NEOM)

[AirPocketDrop___YES]

LOL...

So they've "re categorized" the Web.

Now, instead of simply entering Amazon.com into my browser to visit said site; I need to remember and enter some numerical "code" or wait to scan some barcode to get where I want to go.

Again, I am having a very, VERY difficult time appreciating the “leading edge technology" NEOM allegedly brings to the table. In fact I am 100% certain I could emulate their, cough, technology, and improve on it, within three days.

Yes, mobile "internet", and all the derivative applications that it will spawn, are huge growth markets. No, NEOM ain't a player in said markets-- they are a wannabe with substandard technology and a R&D budget fractions of that of their leading competitors.

I wish longs the best of luck--- you're going to need it, big time.

P.S.

Anyone have any information on the financial terms of the settlement with Virgin? The PR says the following:

"[NEOM] said today that it has reached an out-of-court agreement and settlement with Virgin Entertainment Group, Inc., whom it sued for patent infringement in 2004, with Virgin agreeing to purchase a license to use NeoMedia's patented PaperClick® technology platform through 2016."

We know that Virgin agreed to "purchase" a "license" to use paperclick through 2016. What we don't know is the financial terms of the "purchase". This is a precedent setting settlement insofar as what other company's will expect to pay to "purchase" a similar license.

My guess is that the purchase price of the license was NOMINAL in nature... thus the ommitance of financial terms by NEOM in the PR. Anything substantive in nature would either need to be disclosed and / or NEOM management would be EAGER to disclose.

Anyone want to bet against my prediction that over 50% off all net-aggregate monies changing hands will end up in NEOM's lawyers pockets?