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Saturday, August 04, 2012 9:19:45 PM
PCO, 10q filed friday. from that 10q.
Our investments in our intellectual property portfolio and our team have enabled us to grow revenues for each of the last four quarters, with $20.8 million in revenues in the second quarter of 2012, up from $3.7 million in the first quarter and $1.4 million and $1.1 million in the fourth and third quarters of 2011, respectively. The strong revenue growth in the second quarter was driven primarily by the March 2012 license agreement with Fujitsu and the June 2012 license renewal and expansion entered into with Sharp Electronics. These new agreements are significant in demonstrating the ongoing relevance of the ContentGuard portfolio not only to wireless handsets, but also to the growing tablet market.
The settlement with Boeing allowed us to avoid protracted litigation with Boeing over tens of millions of dollars in court-ordered expense reimbursement, and will result in a $10.0 million cash payment to us.
this is also a weekly pincher.
Our investments in our intellectual property portfolio and our team have enabled us to grow revenues for each of the last four quarters, with $20.8 million in revenues in the second quarter of 2012, up from $3.7 million in the first quarter and $1.4 million and $1.1 million in the fourth and third quarters of 2011, respectively. The strong revenue growth in the second quarter was driven primarily by the March 2012 license agreement with Fujitsu and the June 2012 license renewal and expansion entered into with Sharp Electronics. These new agreements are significant in demonstrating the ongoing relevance of the ContentGuard portfolio not only to wireless handsets, but also to the growing tablet market.
The settlement with Boeing allowed us to avoid protracted litigation with Boeing over tens of millions of dollars in court-ordered expense reimbursement, and will result in a $10.0 million cash payment to us.
this is also a weekly pincher.
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