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loophole73

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loophole73

Re: ams13sag post# 23447

Wednesday, 05/07/2003 12:54:27 PM

Wednesday, May 07, 2003 12:54:27 PM

Post# of 436116
Jim

The material event will be the payment of royalty for 2002. I believe that JP stated this to Marchma early last year. The actual rate setting and the payment of accrued royalty is material. The payment of the existing and future royalty is probably not and would be announced under normal channels at the time they are booked as revenue.

MO
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