WAVX Anyone? Message Board

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Technology Stocks : WAVX Anyone?

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To: Kevin Podsiadlik who wrote (7860)	7/5/1999 6:49:00 PM
From: Golden Bear	Read Replies (1) of 11417

It gets worse... In January 1996, we received notice from a third party that claimed that our technology infringes upon U.S. and foreign patents it owned. These patents are also currently being litigated by third parties. We are not involved in these proceedings. This company offered to license its patents to us. We are currently obtaining information needed to investigate the merits of this claim. While we believe that there is a viable argument for non-infringement, if we are not able to show non-infringement, then we would require a license from this company to commercialize our technology. We cannot assure you that we would be able to obtain a license on acceptable terms, if at all. Our inability to obtain a license, if needed, on commercially reasonable terms would have a material adverse effect on our business and our future operations.

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