From Yahoo board Very interesting conversation. First the CEO said that company is still in business and still considers the use of their technology over the years a violation of their intellictual property rights. They have councel engaged and it is by no means a dead issue. I asked specifically about the press release and all he would say is that it was not authorized. Did not comment on whether there was a settlement complete or in the works.
Then I called PR Newswire to get to the basis of what exactly happened. They told me the process works in the following way. There is a secure profile and password for press releases to be submitted. That is used for both emailed, faxed and called in statements. They also have a list of authorized people at each of their subscription companies. If the person calling in is not authorized, they call the company and get this person added to the list.
So I asked how this would happen. The business analyst told me many times a person connected a few levels away jumps the gun and issued information not authorized by the company. She said it actually happened today with another stock and they had to issue a KILL. She said often times, the same release is issued days or weeks later, but only after the company presents the information in the content and format that is authorized.
So it appears that no one is disputing the information of some type of settlement or royality arrangement. It appears to be that someone released unauthorized information although no one will confirm or deny this.
So we wait and see, but the fact that the company continues to extend their warrants may also show that there is value on its way. Rating :
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