Subsequent Events

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Sepp

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Subsequent Events

posted on Jan 15, 2013 01:26AM

Hi. First of all - I'm not an expert in this. Therefore these are only my personel thoughts.

But. There is a distribution of 350.000 USD from PDS to Patriot on 03.Dec. Settlement with Sierra Wireless was announced on the same day. Agreement with Barco some days later in December. So why are you discussing if this is the money Barco!? Sure it is possible, but not very realistic. It would make more sense if this is money from Sierra. But even this is not sure. Because if they settle on 03.12., will PTSC get money at the same time!?

The revenue from Q3 is a very good thing in my mind. But also - we can't be sure if it is the money from the settlements with Oracle and UTC in this quarter. It could also be the money from some settlements of the quarters before. Don't they write that revenue is recognized when the money comes in. If they settle in Q3 it is possible, we see the revenue of these settlements not before the Q4 or even Q1/Q2!? I don't know it. Just my personell thoughts as I said. But I think it makes sense ...

So keep cool and be happy about the positive revenue of this Q One of much to follow I hope ;-)