Replies to post #62510 on e.Digital Corporation (fka EDIG)

[gernb1]

The status of automotive telematics in North America...

http://www.telematicsresearch.com/PDFs/TMpress042104.pdf

[Sinkman]

From Robert regarding arbitration...

My question:

Regarding the Fujitsu Ten announcement yesterday...

1. Will this be ‘binding' arbitration? That is, what will force Fujitsu Ten to pay e.Digital should they be judged to be in breach of the contract?

2. It's implied that this might be a relatively quick process/decision since the possibility of still providing preliminary numbers (which could possibly include the settlement) for the last quarter was mentioned. I assume such would have to happen before June 30 to remain ‘preliminary'. Is the company reasonably anticipating a quick resolution?

His response:

Thank you for your e-mail. It is binding arbitration under the Supply Agreement. A settlement or an arbitration award would need to occur before late June to be considered for inclusion in the quarter and fiscal year ended March 31.

Best regards,
Robert Putnam
Senior Vice President


Obviously no guarantees, but I think they hope to have this wrapped up by the end of June.

- Sinkman

[lickily]

Thanks for the inside view. Once a settlement has been reached on binding arbitration does that preclude any further legal action on the matter (do the parties give up their right to sue)?