moat. a response to your concerns regarding pump. Dr. Gary Lomp, although considered a "cheif technology officer", was in fact "cheif technology officer" of the fixed wireless operation. When IDC began to move toward mobilizing the technology of broadband CDMA (actually the move began in late 1998), his operation was disbanded and duties transferred to others who, we believe, were higher up on the newer CDMA technology advents being developed (turbo coding, for example - a Nokia initiative). Lomp did present himself to the BOD; probably for the purpose of CEO (you'll have to ask him), and was turned down for this position. Although every wireless engineer in today's market is considered invaluable, it is doubtful that you'll hear much from Lomp again relative to his making a significant contribution to the wireless community. Lomp was more a facilitator than a scientist so we're told. He does have patent activity, but the activity was mainly a generation of other's ideas at IDC that held more productive revenue bearing weight in the eyes of management. As for the departure of Doyle... for whatever reason there was considerable relief after he left. A new CEO at IDC would have probably let him go anyway. IDC's revenue production was primarily the work our our Japanese partner and Goldberg anyway, the current interim president.
In regard to IDc's revenue stream: most of IDC's revenue has been generated from "upfront" payments of TDMA licensing relationships. IDC's new revenue stream, however, is coming from rnewals of those arrangements - as the upfront fees are eaten through and per phone sales come on line. Some of IDC's current licensing agreements are ALL per phone sales now, Denso and Shintomi for example. NEC is also on a per phone sale basis so I've come to understand. NEC, as you know, dropped CDMA plans in the U.S. to go fully TDMA - good news for IDC's TDMA renewal base. TDMA renewals this year will increase nearly 1800% over last and double again the year following given the upfront payments coming off line and per phone sales coming on line.
T's payment to IDC could also prove significant once ERICY settles. |
