Re: Ron..Jim Skippen's salary at WiLAN (Nasdaq:WILN) (TSX:WIN) is $401,712 +stock
posted on
Jul 15, 2011 10:03PM
As Ron says, thank you John.
Total compensation nearly $1.7 million (Canadian).
Shotgun approach to litigation. Apparently they have never heard about patent exhaustion. Here I admit that IMO there may be a method to their madness, however. Without visibility of the contract language througout the supply chain, it would be impossible to know which participant caused them damage. Hitting all of them will reveal each contract and isolate the true tech thief. But this does mean that the ultimate number of accused entities will whittle down to far fewer.
Then there are the other concerns addressed in the article linked by Milestone.
But you might consider the thought that their current success is a "snapshot in time". After all, if you want to compare any similar arbitrary period of time, I believe David Pohl took PTSC from a market cap of some $14M to (momentarily) about $850M in less than two years. With this snapshot in time, Pohl made Skippen's performance appear, well, rather weak - especially when throwing in the fact that PTSC only owns a 50% interest in the patents.
Will Skippen have to deal with the reportedly most scrutinized (by the PTO) patents ever to hit the reexam process? Probably not, because their patents are not as powerful, and threatening to industry, as the MMP (as evidenced by that very "scrutiny record"). There is a reason why that fight was as it was. And it appears we prevailed.
And now I wonder, where's that old comparison with EDIG? Looks like they ran into a little hard luck, that (IMO) will take years to resolve, if capable of being resolved.
Hard luck.
IMO, ours began when Moore somehow managed to be assigned co-inventor status on the two key, most disputed, segregated patents in the MMP. You know, the ones that revolved around what even Moore referred to as the "Fish Clock". Does it seem like Mr. Ego would allow that name to be originally assigned to that technology if there were nothing to it, i.e., if he were a true party to that innovation? After all, what name was ultimately given? The Moore Microprocessor Patent Portfolio, undoubtedly (IMO) a condition of settlement to satisfy an ego.
Hard luck, part two, was IMO when Moore befriended and climbed in rhetorical bed with Leckrone. Again, PTSC had nothing to do with it, but continues to suffer the consequences.
These two basic bits of hard luck ultimately put us where we are today.
This does not remove those who approved the agreements with Leckrone from responsibility. Nor does it take PTSC management off the hook for other decisions where it turned out badly - though I argued against such actions here - loudly (e.g., divies, M&A "risk acceptance"). The voices of others were louder than mine!
But amazingly, I haven't seen one solitary post condemning the EDIG BoD for their current woes. Why is that? Why didn't they warn shareholders that their arguments for Markman determination would be weak in the eyes of the Judge and her staff? Why didn't they accurately predict the outcome and give shareholders a heads-up? And where's the EVu?
Comparisons are virtually worthless. That is unless to you level the playing field, but that would be difficult because MOST of the companies that would be equally comparable as WILN in a similar time frame, well, they no longer exist. PPS=0. They were crushed, or their tech was not as compelling, or maybe they had weak management. But here we see comparisons with the likes of Qualcom and Rambus. What meanful insight we enjoy!
But I believe it is important to recall the actual origins of what we've endured. Bad things since, but that's where it all began.
Before certain people initiate the anticipated attack on me for this post, I suggest you read again the paragraph that begins with "This does not remove....". Perhaps try to find one thing above that isn't qualified with a "IMO" that isn't factual. Good luck.
I conceed on one aspect of the comparison. Status info. But could it possibility be that any indication of PTSC's perceived status in litigation activities could be detrimental to the outcome? Ya think?
FWIW,
SGE