"We are very encouraged by the technical and legal development of our portfolio"
posted on
Jul 02, 2007 06:44AM
This is the strongest language put forth yet by Blakeley. Their "expectations" are controlled "in house". In other words, they are selecting their time frame to initiate patent efforts and it seems reasonable to think if they are targeting THIS quarter, that means by the end of September there should be a lot of questions answered.
Addressing e.Digital’s efforts with Duane Morris LLC to monetize its flash memory-related patent portfolio, Blakeley commented, “Our management team, with the assistance of intellectual property (IP) veteran, Pat Nunally, has been working diligently with patent enforcement counsel, Duane Morris to exploit our portfolio. We are very encouraged by the technical and legal development of our portfolio and expect patent enforcement actions to commence this quarter.”
“We believe our efforts to monetize our flash-memory related IP and our accelerating eVU IFE business position e.Digital for a successful fiscal 2008,” concluded Blakeley. “We look forward to announcing the date of the shareholder’s meeting this quarter and expect additional eVU orders throughout this fiscal year to add to our over $3 million in current eVU business and backlog.”