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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Pancho Villa who wrote (6677)11/9/1997 2:46:00 PM
From: Shoe  Read Replies (1) of 9285
 
Cap on MSFT payments, from 8-K at www.freeedgar.com:


"9.3 Further Payment. In no case shall Microsoft be required to make any
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payments on major Product Release of Hydrix beyond version 5.x, or any
amount in excess of $175 Million Dollars under this Agreement."

MSFT did make some non-cash commitments as well. Investors should review the entire agreement (although some portions are excised as confidential) and otherwise do their own research. -- Shoe (short)
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