Yes, it may be interesting to follow or it may continue to be just an interesting footnote as it has been lo these many years under Inference's benign neglect.
For anyone just tuning in, I copied the following from the most recent 10k-405 Quarterly Report revision;
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On January 20, 2000, our Board of Directors authorized the transfer of our InferenceFind meta-search technology to InFind.com Inc. ("InFind"). Additionally, the Board approved an initial seed investment of up to $250,000 in the new start-up, with additional funding to be subject to the Board's approval of the business plan related to product viability for the InferenceFind technology. We would receive an equity interest in the new entity in exchange for our contributions. We have also agreed to house the new start-up in our Novato facility for a period of six months. We began funding InFind in fiscal 2001 and, as of March 31, 2000, we had contributed $30,000. To date, revenues associated with this technology, developed in 1995, total less than $100,000. Additionally, our balance sheet as of January 31, 2000 included no amounts related to the InferenceFind technology.
We have received notice from a former employee alleging rights to the
technology transferred to InFind. To date, no formal claim has been filed. Management believes the former employee's assertion to be without merit and intends to defend it vigorously. However, an unfavorable outcome would adversely impact our ability to move forward with this project and impair our investment in InFind.
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freeedgar.com
If anyone knows more, I am all ears.
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