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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Charles T. Russell who wrote (4302)	1/21/1999 10:47:00 PM
From: Melissa McAuliffe	Respond to of 4509

Charles, I'm sorry but I don't think you really understand MMTM. If there is a product to be sold please explain to me why MMTM would align with other sales partners? Is there some reason PSFT wouldn't sell the product? That's the whole reason MMTM was created in the first place....to bring products to market faster than PSFT could have done had they kept new technology development within the PSFT financial infrastructure. Otherwise PSFT would be developing these products themselves. The only problem is that the time to market woul be longer due to the financial ramifications and the amount of money that could be expensed in a given financial period. If I understand this correctly, PSFT has first right of refusal for any developed products. Let's be realistic here...what are the odds that you think MMTM will be developing products that PSFT doesn't want to market? Melissa

To: Charles T. Russell who wrote (4302)	1/21/1999 11:10:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 4509

The 10-Q states: "In exchange for receiving $250M from PSFT, the grant of certain technology licenses and a commitment to make specified payments on sales of certain products developed by MMTM, PSFT will receive an exclusive option to license any products and technology developed by MMTM and the right, subject to certain conditions, to purchase all the outstanding Class A common stock of MMTM." Here's something else... "If PSFT does not choose to license a product developed under the development agreement,MMTM will have to develop other ways of commercially exploiting that product as MMTM currently has no marketing capabilities. If MMTM decides to market a product itself or through a third party, PSFT may not approve MMTM's use of available funds for marketing the product. MMTM may not have sufficient resources to fund any such marketing effort."