Re: For googles sake! Why has eDigitals shareprice shot up 60% in just 2 days?
posted on
Feb 07, 2009 08:06AM
There's no self-imposed deadline on when the Court will make its ruling on the digEcor motions (at least none that I'm aware of). EDIGOKIE reported it could take up to 21 days but got that info from a conversation with RP. Gil has said up to 30 days. I would think no more than that...hopefully next week though. The digEcor case is a complicated one which is why the Court is probably taking this long to render a decision. I just want this case behind us and would feel good with even a small victory out of it.
We need to remember that when the 10Q comes out next week, the IP monies will only reflect the Casio settlement which occured last quarter, and curb our expectations. I don't think it's going to be more than $3M. The 4 settlements we've gotten this quarter won't be revealed until late June 09 since EDIG has 90 days to file their annual 10K. If we conservatively estimate $2M-$3M for each of the 4 settlers, that's $8M - $12M dollars. Considering the agreed upon 60/40 split with DM, then EDIG would receive $4.8M - $7.2M. Not too shabby. Of course larger settlement numbers means less shabbiness! :)
It's going to be interesting to see just how much Casio paid since sunpoop has reported only LG Electronics received the discount. Knowing that amount should give us at least a ballpark figure for the 4 other settlers. Needless to say, EDIG is in it's best financial status EVER. No wonder they only voted on an additional 50M shares at the last ASM. With 4 settlements already under our belt in '09 and 10+ months left, this is going to be a banner year for our EDIG...looking forward to the ride.