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Technology Stocks : EDTA (was GIFT)
EDTA 0.00005000.0%Nov 21 9:30 AM EST

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To: Mel Spivak who wrote ()9/10/1996 11:28:00 AM
From: ANGELIQUE LEE   of 2383
 
This was at www.businesswire.com today. An exellent bookmark, if you don't already have it.

SECAUCUS, N.J.--(BUSINESS WIRE)--Sept. 10, 1996--In a court
conference held on September 6, E-data Corporation (OTC Bulletin
Board: GIFT) said it would provide a detailed supplemental report on
infringing activities to each of the thirteen remaining defendants
engaged in electronic commerce applications involving the Internet
and CD-ROM.
During the telephone conference, Judge Barbara Jones of the U.S.
District Court for the Southern District of New York said she would
issue an order for E-data to file detailed analyses of infringement
for all defendants by November 8, 1996. Defendants must respond by
November 18 and the next conference in court is scheduled for
December 3.
E-data patent counsel David Fink said, "E-data has already
provided detailed information as to infringement. Although we
believed that E-data met the provisions of the Court's previous
order, we agreed to provide the additional level of detail so that
Judge Jones will be able to move the case toward a speedy
adjudication."
E-data filed its New York case on August 24, 1995 alleging that
the defendants were infringing on its U.S. Patent No. 4,528,643
entitled "System for Reproducing Information in Material Objects at a
Point of Sale Location." Five of the original defendants have
already settled. E-data has a similar suit pending in federal court
in Connecticut against fourteen defendants.
The E-data suits are considered landmarks in the emerging law of
electronic commerce and are followed with intense interest by the
rapidly growing digital distribution industry. The E-data patent
relates to most pay-as-you-go electronic transactions involving the
purchase of products compsed of digital data, including software,
information, fonts, images and music.
E-data president Arnold L. Freilich noted that the amnesty
licensing period had ended. "Details of a continuing licensing
program will be posted to our website at e-data.com by September
15, 1996. Among our 17 licensees are IBM, Adobe and VocalTec. We
believe that other companies will agree to license even before we
receive an adjudication that we expect will be in our favor."
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