Liquidmetal Technologies Inc (LQMT)

[LM2002]

Excellent question, Watts.

In the first place, I have not read the agreement between Swatch and LQMT - just the press release... which tells us next to nothing. However, since the MTA with Apple was signed in 2010 and the agreement with Swatch was signed in 2011, I am fairly certain that the lawyers for all parties knew about the MTA with Apple and did not violate the terms of that agreement. Had they done so, we all would have heard about it long ago. One - even one as powerful as LQMT - does not mess with Apple... unless they are Samsung and can pay off a Korean Judge.

From what I read and understand, Apple would not have to deal with Swatch in any way. An Apple "watch" will not be a "watch" in the conventional use of the word. It will be a "consumer electronic" device (as defined in the MTA) that is worn on the wrist like a watch, and it will tell time like a watch, but it is actually a mini-computer and not a watch.

For example, I can buy a wrist strap that will hold my iPhone on my wrist or on my arm. The iPhone does not then become a watch simply because it, too, tells time, and is worn on my wrist.