Note where it says LTE I added that because the transcript just says e which is a mistake IMO.
But he clearly stated the current license does not apply to LTE products.
Bill Nascovitz - Heartland Fund Okay. And that covers,what products does that cover? I'm sorry to perhaps be repetitive here.
William J. Merritt That’s fine. So there was actually an arbitration this year with respect to the Apple agreement. And we've disclosed, we have prevailed in that arbitration and so that at the licenses now limited in terms of what products it applies to. So that makes Apple does not apply to help LTEe-capable products does not apply to iPads, it does not apply to CDMA2000 related products. So if you look at Apple’s product next to today that doesn’t leave the lot of products actually covered into the license.
Timothy J. Quillin - Stephens, Inc. Okay, and then also remind me or maybe share what products exactly the Pegatron agreement or what Apple products I guess specifically that Pegatron agreement covers right now?
William J. Merritt So, the Pegatron agreement covers any product that Pegatron produces if you’re asking with respect to Apple and this would be generally true of anybody it might produced for. Their agreement would cover any product that is not covered under, already covered under the ODM license. So, if you look at that the kinds of products that are covered under the Apple license or almost specifically the one that are not including iPads and LTE products. Okay, if they are not covered under Apple that they’re being produced by Pegatron they would be covered under the Pegatron license.
Timothy J. Quillin - Stephens, Inc. When you say LTEproducts, if a phone is shipping with both a 3G and a LTE chip, is that considered, is it just incremental royalties on that LTE phone, or how is that parsed out?
William J. Merritt If it is LTE capable, under the Apple it is not licensed.
Can't be any clearer than that and the old post by marchma is well old.
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