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To: GARY P GROBBEL who wrote (21345)	6/14/2004 9:42:13 PM
From: GARY P GROBBEL	Read Replies (1) \| Respond to of 120415

TMLN .95/1.05...4.13m shares outstanding, 52WH 1.40, L .53 -2004 RESULTS: biz.yahoo.com Note that revenue was up 26% in 2004 and the company operated profitably. Esp of note (more on this below) is that revenue for patent licenses was up 77%. 4th qtr license sales were down due to a delay in releasing new version of top product. Note also the $1.75m patent license booked in the 4th qtr. Back to patents-this matters: Timeline Prevails in Microsoft Patent License Case State Supreme Court Won't Review Microsoft Appeal BELLEVUE, WA - December 5, 2002 - Timeline, Inc. (OTC BB: TMLN) today announced the Washington State Supreme Court has denied Microsoft’s request for review in Microsoft Corporation vs. Timeline, Inc. This decision leaves the Washington Court of Appeals ruling as controlling, where it held the Patent License Agreement between Timeline and Microsoft (Nasdaq: MSFT) should be given literal affect. As such, it does not protect any third party code or products used in conjunction with SQL Server if such code or product provides a material step in an infringement and SQL Server provides the other material steps. During the three and one-half years Timeline has defended against Microsoft’s lawsuit, both companies publicly advocated widely divergent views regarding the scope of the contract and the importance of this decision for investors and software users. No direct financial benefit was granted to either company by the Supreme Court’s action. The decision, however, should help eliminate the confusion caused by Microsoft’s prior false public press release ensuring all Microsoft users that the contract provided coverage. This misinformation has proven to be a major barrier to Timeline’s patent commercialization efforts. On the other hand, Microsoft itself filed a statement made by one of its licensees that "…your [Microsoft’s] product people clearly negotiated a settlement that leaves all developers out in the cold…" This licensee obviously recognized the harsh reality of the situation: Microsoft’s ability to sublicense third party products and code is limited. "Now that this case is drawing to a close, we believe it is time for Microsoft to clarify to its partners, customers and its shareholders exactly what impact this decision will have on its business and its customers’ businesses. Microsoft recently adopted a new code of conduct requiring adherence to its core corporate values of honesty, integrity and respect for customers, partners, and the tech industry. In that vein, we now look to Microsoft’s senior management to honor both the letter and spirit of our original agreement. We look forward to working with Microsoft to develop a proactive and progressive approach to helping their partners come into compliance with our patents," stated Charles Osenbaugh, CEO of Timeline. "In the meantime, we would welcome the opportunity to discuss patent licensing with software development companies that use SQL Server. While many companies may not infringe our patent, those that do will be best served by negotiating with us. We much prefer to negotiate than to litigate, and will endeavor to be reasonable with those companies that approach us to negotiate directly," said Osenbaugh. This is latest patent info...adds to 6 base patents covering 137 claims: biz.yahoo.com Note this also ref patents: TMLN has brought in over $15m in patent licenses/awards since they began enforcing their patents a few years back...that figure is from old notes of mine and may be low. The settlement w/Cognos did a great deal to re-invigorate the balance sheet. . This is the Cognos award ref in the 4th qtr...after TMLN filed in 11/03 and Cognos counterfiled THE MATTER WAS SETTLED WITH MONTHS WITH TMLN COLLECTING $1.75m: Timeline And Cognos Settle Patent Dispute BELLEVUE, WA - February 13, 2004 - Timeline, Inc. (OTC BB: TMLN), a data management and reporting technology firm, today announced it has settled its pending patent dispute with Cognos, Inc., a world leader in business intelligence and corporate performance management solutions, and its U.S.-based subsidiary, Cognos Corporation. Each company has agreed to dismiss with prejudice its claims in the patent infringement suit brought by Timeline against Cognos. Under the settlement agreement, Cognos will pay Timeline a settlement totaling $1.75 million and license certain of its patents. Neither party has admitted to any liability under or validity of the patents. There are more companies out there..potential licenses either thru negotiation or litigation...AND the company keeps filing new patents AND continues to be granted add'l patents. This is not mickey mouse stuff...it's big time in my opinion. These patents are very important to the company. Now that revenue is picking up and European operations are back on track TMLN-having operated cash positive last couple of years-may be ready to post good numbers again this year. With only 4m shares out that could be beneficial. And then there are those patents.......