That letter is dated December 20th, 2002.
The most recently filed 10Q is for the period ending December 31st, 2002.
Why wasn't this information disclosed in the SEC filing?
Hmmm, what to trust, what to trust? A letter filed with Business Wire or quarterly financial statement filed with an agency of the Federal government?
Just double checked, nope the following statement is not included in the company's 10Q for the period ending 12/31/02.
"Our manufacturing partner, Digitalway, Inc. of Korea, is concurrently building feature- differentiated Odyssey 1000 units for their use in Asia--where their OEM and branded products are the #1 selling digital audio products--as well as in Europe and North America. Through Digitalway and other OEMs we expect this important new product, based on our patented MicroOS™ technology, to be licensed with variable features for sale around the world. Each licensed unit is expected to display our "Powered by e.Digital Technology" tag line; e.Digital will be credited as the developer and we will receive licensing fees and royalties for each unit sold."
A press release dated 12/20/02 and the 10Q for the period ending 12/31/02, now why might the information contradict itself?
Why might that be? Maybe this is why?
"Through Digitalway and other OEMs we expect this important new product, based on our patented MicroOS™ technology, to be licensed with variable features for sale around the world."
Yet the proceeding statement is:
"Our manufacturing partner, Digitalway, Inc. of Korea, is concurrently building feature- differentiated Odyssey 1000 units for their use in Asia."
Now why the hedging? Maybe DigitalWay isn't going to license the use of the MicroOS and e.Digital is going to receive a pittance for the licensing of the basic reference design? Similar to Classic and B&O?
No, can't be right? RIGHT?
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"I disagree with everything you say. But I will defend to the death your right to say it." --Voltaire
