From IDCC 10Q..Where is reference to old 2G license?Is it still in force..or did Matsushita for a new Corporate entity and that is only licensed currently with IDCC for 3G? Which patent offices and which patents?
Matsushita (Panasonic)
Based on progress within various worldwide patent offices and the commencement of modest build out of 3G systems and handset sales worldwide, we expect in 2003, to be able to recognize royalty revenue on Matsushita’s sales of covered products under our 3G (CDMA) patent license agreement with Matsushita. However, given the modest build out of 3G systems and our expectations as to Matsushita’s level of 3G sales in 2003, we do not anticipate recognizing significant royalty revenue under this agreement during 2003. The timing and amount of such revenue will be dependent upon a number of factors, including whether Matsushita effects sales of covered 3G products in 2003, the timing and volume of any such sales, where the covered products are sold, and continued progress and success within patent offices as to certain ITC patents. Any revenue recognized in 2003 associated with sales of covered 3G products will first be applied against Matsushita’s $19.5 million royalty pre-payment made in 2001.
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