ITEM 3. LEGAL PROCEEDINGS
Motions to dismiss or transfer the Northern District of California actions to the Eastern District of Texas are currently pending with hearings set for August 29, 2008 in the Acer case and September 19, 2008 for the HTC and Asustek cases. At that point we expect to learn where the T-3 (“Acer, Asustek and HTC”) litigation will proceed. Responsive pleadings in those cases are due at varying times in mid-August and early September 2008. Similar to the actions in the Northern District of California, the Asustek action in the Eastern District of Texas is inclusive of matters with respect to two patents owned by TPL that are not a part of the MMP Portfolio, and as such we are not engaged in this aspect of the litigation and defense.
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