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Message: Re: How do you interpret this?/nosenothing...
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Dec 07, 2010 04:36AM
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Dec 07, 2010 10:33AM
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Dec 07, 2010 10:36AM
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Dec 07, 2010 11:32AM

For someone whose name is "nosenothing" you seem to assert some strong opinions in stating, "again, I will state.. there are no on going royalties. It was a one time fee."

Which part of the sentence "UNDER THE TERMS OF CONFIDENTIAL AGREEMENT" you are having difficulty with understanding?...

(SAN DIEGO, CA, – October 22, 2009) – e.Digital Corporation (OTC: EDIG), a leading innovator of dedicated portable entertainment systems and patented flash memory-related technology, announced today that it has entered into a cross licensing and settlement agreement with Samsung Electronics Co., Ltd. (Samsung). Under the terms of the confidential agreement, Samsung obtained a license and release on e.Digital’s foreign and domestic patent rights, including the Company’s Flash-R™ patent portfolio, and e.Digital obtained a license and release on certain Samsung patents. e.Digital also received a one-time licensing fee.

How do you know the confidential terms did not provide payment of some sort to EDIG by Samsung for use of EDIG Patents?

Thus, unless you have read the "Terms of the Confidential Agreement" all your exhortations are pure guess wrok and defy reason and logic. Considering the fact that EDIG was the Plaintiff in Texas Rocket Docket and was set to take Samsung to the mat in the form of a Markman Hearing, it defys logic that they essentially folded and for 1$ million gave Samsung the use of their patents with nothing else contained in the "Confidential Terms of the Agreement" signed by the parties...

GLTA...

Gil...

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