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Technology Stocks : Interdigital Communication(IDCC) -- Ignore unavailable to you. Want to Upgrade?

To: Gus who wrote (4732)	1/17/2002 8:10:26 PM
From: postyle	Read Replies (2) \| Respond to of 5195

Gus, Did you get to talk to Janet about NEC's $53M paid-up settlement for 2G? Cash payment or still a receivable? I didn't talk to Janet, but from today's 8-K filing we learn the following: The $53 million payment in connection with the settlement is required to be paid in four installments over the next twenty-four months, and the $19.5 million advance royalty in connection with the 3G license is required to be paid in the second quarter of 2002. Given the complexity of accounting for revenue associated with multi-faceted agreements, the Company and its auditors have not finalized the manner in which revenue will be recognized for payments to be received under these agreements. ccbn.tenkwizard.com