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Non-Tech : Amati investors

AMTX 1.355

-3.2%

Dec 17 3:59 PM EST

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To: bill c. who wrote (6271)	11/26/1996 9:00:00 PM
From: bill c.	of 31386

To ALL: Has anyone else received the Amati 1996 Annual Report?.?... On page 25... Dependence on Large Customers And System Integrators.... "The Company expects to sell many of its telecommunication transmission products to large telecomminications service companies which serve as integrators for the various components..... The Company is largely dependent on these systems integrators for the introduction of its products to field trials....." Large systems integrator again... WSTL has teamed up with Nortel... Does anyone think AMTX needs to team up with an Alcatel or like large systems integrator? On page 36... License agreements... "The Company has certain license agreements with Stanford University and University Ventures II,....,whereby it was granted exclusive world-wide rights to core technology and was required to further develop commercial applications and licensed products in the field of use to maintain these agreements..... the company agreed to issue 125,000 shares of Series A convertible preferred stock to each licensor and pay certain royalities on revenue generated from the licensed technology.... On May 1, 1994, the origial Agreement with Stanford University was revised to include a one-time fee of $250,000 and an annual license fee of $25,000. The revised Original Agreements provides for Standford University to recieve higher royalties on the Company's revenues...."

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