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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Win-Lose-Draw who wrote (132859)5/2/2012 7:08:16 PM
From: Redfisher  Respond to of 213176
 
thats great info....appreciate the post...it will be a big surprise to you when APPLE spends much much more than the 20 million they have already paid for the use of liquid metal patents.i hope ya like the new phones of liquid metal that when ya throw it against the wall in disgust from an inflated temper it wont break...

relax,have fun



To: Win-Lose-Draw who wrote (132859)5/2/2012 7:08:43 PM
From: Lahcim Leinad  Read Replies (1) | Respond to of 213176
 
OT: Pass the lard and forget about that POS. ;-)



To: Win-Lose-Draw who wrote (132859)5/2/2012 7:48:17 PM
From: Redfisher  Read Replies (3) | Respond to of 213176
 
why liquid metal isnt off topic on an apple board

proxy.liquidmetal.com


On August 5, 2010, we entered into a license transaction with Apple Inc. (“Apple”) pursuant to which (i) we contributed substantially all of our intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary, called Crucible Intellectual Property, LLC (“CIP”), (ii) CIP granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products, as defined in the license agreement, in exchange for a license fee, and (iii) CIP granted back to us a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use. Additionally, in connection with the license transaction, Apple required us to complete a statement of work related to the exchange of Liquidmetal intellectual property information. The Company recognized a portion of the one-time license fee upon receipt of the initial payment and completion of the foregoing requirements under the license transaction. The remaining portion of the one-time license fee was recognized at the completion of the required statement of work.

Under the agreements relating to the license transaction, we are obligated to contribute all intellectual property that we develop through February 2012 to CIP. In addition, we are obligated to refrain from encumbering any assets subject to the Apple security interest through August 2012 and are obligated to refrain from granting any security in our interest in CIP at any time. We are also obligated to maintain certain limited liability company formalities with respect to CIP at all times after the closing of the license transaction. If we are unable to comply with these obligations, Apple may be entitled to foreclose on our assets.