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To: Uncle Frank who wrote (8210)10/13/1999 11:51:00 PM
From: red jinn  Read Replies (1) | Respond to of 54805
 
uf: well, let me tell you what i found out anyway, despite the law of diminishing returns.

gi willfully and maliciously stole gmst's trade secrets in the use of gi's analog cable set top boxes. as a result, gmst will be entitled to the greater of lost profits or gi's unjust enrichment. gmst is doing its calculations and will submit its findings to the arb panel for approval, which may not approve. gmst is also entitled to 50% of the award as punitive damages and to its atty fees (i'd say reasonable atty fees, but that's an oxymoron).

the contract damages, before punitives and atty fees, are estimated to be $25-36 million. punitives will add 50%. atty fees will probably add 3,000% (ggg).

in 3 months gmst will bring its proof for theft/misappropriation in connection with digital boxes, which gi says didn't happen.

the arb'n, at the moment, only deals with a contract dispute. the patent infringemnt case is coming later, but probably not till second quarter next year at the earliest. gi denies any infringement.

signing off. best, red