JTS- "A Nordic Drive in Every PC and laptop" Message Board

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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"

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To: Scott Crumley who wrote (1222)	9/2/1997 3:41:00 PM
From: Ben Antanaitis	of 1985

From the archives of EDGAR: WESTERN DIGITAL. In February 1995, JTS and Western Digital entered into a Technology Transfer and License Agreement pursuant to which Western Digital obtained manufacturing and marketing rights to JTS' 3-inch hard disk drive products and is licensed to act as an alternate source of Nordic drives to Compaq. In return, Western Digital has made payments to JTS totalling $5.3 million upon the achievement of certain development milestones. In February 1995, Western Digital also made a $4.1 million equity investment in JTS as part of the transaction. The parties have reciprocal, royalty-free, cross-license agreements for future 3-inch drive developments, and Western Digital has granted to JTS licenses on existing patents covering its 3-inch disk drive technology. The Technology Transfer and License Agreement restricts JTS from sublicensing Nordic technology, under certain circumstances, until 1998. See " -- Patents and Licenses." JTS intends to establish similar arrangements with other major computer OEMs and notebook computer manufacturers. See "Risk Factors -- Dependence on Compaq Computer Relationship; Customer Concentration."

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