Robert Routh – National Alliance Securities Capi
Post# of 17650
Robert Routh – National Alliance Securities Capital Markets
Okay great. And then one other question, obviously you guys have a ton of patents that are worth a ton of money that are on your balance sheet as much as anything due to the accounting loss, around that. I’m just curious if you can give us any sense I know would be kind of hard to do is to what those could be worth, especially given recent announcements like the SEC having big carriers like Verizon and the AT&T to start working with voice-over-IP trials and considering you guys have been doing this for such a long time I would think some of your patents may be a tremendous value to these carriers as they do those trials. I’m wondering if you get a sense as to how to look at that in terms of the balance sheet value versus what they could be relative and also is there any opportunity for you given your, what you have that others may need in order to do what they are trying to do?
Marc Lefar
It’s a great question and astute observation, I don’t think that, perhaps it’s fully appreciated the strength and value of the patent portfolio that we built in the last few years, difficult for me to decide what that value might be and how to place that on the balance sheet. What you can look at is if you look at settlement costs for the company over last several years we’ve been extremely successful versus things in history. And a big piece of that as a result of being able to have something a patent détente if you will and that creates a kind of neutral playing field with some players and that has certainly come into negotiations, in conversations with, in between cross licensing types of agreements.
In terms of going forward from monetization, it’s not something I’m really able to comment on in terms of inquires we’ve had on folks wanting to license or offering of the opportunity for companies to license our patents, but we do review that on a regular basis and consider whether it’s appropriate to make those available or encourage other entities to take a license so that they are not in violation of our intellectual properties. So it is something we pursue, but as you might imagine, commenting on specific intellectual property negotiations would be highly inappropriate
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.............imagine most companies would take a similar tack