Agoracom: Small Cap Investment - Mosaic ImmunoEngineering Inc. - RE: Can we get an idea of how large the Sony settlement is by

Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

Reply New Message

Back To Forum List View

sdlittle

Rank: President [?]

Points: 1633 [?]

Votes: 31 Score: 2.8 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

RE: Can we get an idea of how large the Sony settlement is by

posted on Jun 08, 2006 05:30AM

Steve,

I went through the exercise rather quickly using 2005 net sales for HP ($20B), Casio ($5B) and Fujitsu ($41B) along with their respective total licensing fees ($21M, $10M, and $30M, respectively). Extrapolating a plot of license fee vs 2005 net sales to Sony`s sales number ($67B) gives a predicted total license fee of $45M. Roughly half of that would be transferred to PTSC (~$22M).

There are lots of assumptions here that may not be valid, e.g., validity of using total net sales and equivalent discounts, and I may not have the numbers exactly right (extracting information from financial statements with differing terms and yen conversion was a test of my patience) but for me it was a worthwhile exercise. If the total license is a lot more than $45M, I`ll be happy. If less, I`ll be disappointed. Regardless of the outcome, I believe the future is bright for PTSC.