Pete / Re: Remarkable to me --- LL, didn't surprise me at all....
posted on
Jan 14, 2011 06:12PM
The license revenue from those deals (and the other 8 or so) was $1.409M as shown under the PDS info. Unfortunately, PDS burned through ovee $2M for the quarter so the net lost in equity in PDS was half of the $600K plus loss.
I'd say the delay was either overly optimistic and that PTSC got outmaneuvered in settlement talks yet again, or a delay tactic. Hard to see otherwise at first glance. Maybe the SHM will reveal a better explanation, but I'm not holding my breath.