Aware, Inc. - Hot or cold IPO? Message Board

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Technology Stocks : Aware, Inc. - Hot or cold IPO?

AWRE 2.160

-4.0%

Dec 5 9:30 AM EST

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To: Geof Hollingsworth who wrote (1926)	8/8/1997 2:39:00 PM
From: MangoBoy	of 9236

[AWRE files 10-Q] edgar-online.com (btw, check out edgar-online.com and check out the massive number of 144 filings... 60 - SIXTY! - filings since feb 13, 1997.) this jumped out at me: "During the first quarter of 1997, the Company entered into a license agreement with USR. Under the terms of the agreement, the Company agreed to license its discrete multi-tone ("DMT") ADSL technology to USR on a non-exclusive basis. The Company will receive license payments upon the achievement of certain deliverables and milestones, as well as on-going royalty payments upon shipment of USR products that incorporate the Company's DMT technology." looking back, this appears in AWRE's may 10-Q also. so AWRE is going to get some royalty action from USRX. terms, of course, are unknown and may not be tied to shipment volumes. nonetheless, it seems to contradict what i and others have been saying, that USRX bought the I.P. from AWRE for a flat payout and no royalty obligation. i stand corrected. mark

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