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Technology Stocks : EDTA (was GIFT) -- Ignore unavailable to you. Want to Upgrade?

To: gerard mangiardi who wrote (2115)	5/4/1998 3:57:00 PM
From: GRC	Read Replies (1) \| Respond to of 2383

Gerard, I don't mean to imply he is a lightweight. He simply hasn't had a lot of experience as lead trial counsel that I could find. It is very difficult to find experienced lawyers who will take a patent case on contingency. They are in such demand they generally require hourly rates, not contingency. Patent lawsuits are such an uncertainty, and there is such a delay to collect, that most want money upfront, or as you go. Assume the markman hearing is favorable to GIFT. Then 1 year to trial. Then 18 more months to get through the appeal. then 6 more months for the Supreme Court to deny cert. Then GITF collects (and a contingency lawyer collects). Most lawyers have support staff to pay and don't want to wait that long for their money. I am assuming that GIFT does not have the cash to pay typical attorney fees up front (Average is more than $1 million for lawyers, not counting expenses and experts). I'd be interested in your opinion of the briefs (see my earlier posts if you want mine). GRC