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Message: Pete / Re: Remarkable to me --- LL, didn't surprise me at all....
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Jan 14, 2011 04:21PM
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Jan 14, 2011 05:15PM

Jan 14, 2011 05:17PM

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.

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