On Sat, 08 Nov 2003 00:51:36 -0500, stacey <fotocord@yahoo.com> wrote:http://www.vnunet.com/News/1147824
Here's the actual statement, straight from the SEC filling:
"During the quarter ended April 30, 2003, SCO entered into a
licensing agreement with Microsoft Corporation ("Microsoft"). The
initial licensing agreement allowed Microsoft, at its election, to
exercise two options to allow Microsoft to acquire expanded licensing
rights with respect to SCO's UNIX source code. During the quarter
ended July 31, 2003, Microsoft exercised and paid for the first of
these options. During SCO's current quarter, ending October 31, 2003,
Microsoft exercised and paid $8,000,000 for the second option."
And for those wondering about the previous licensing value, here's a
little bit from the quarterly report, dated Sept. 15.
"We initiated the SCOsource effort to review the status of these
existing licensing and sublicensing agreements and to identify others
in the industry that may be currently using our intellectual property
without obtaining the necessary licenses. This effort resulted in the
execution of two license agreements during the April 30, 2003 quarter.
The first of these licenses was with Sun Microsystems, Inc. ("Sun"), a
long-time licensee of the UNIX source code and a major participant in
the UNIX industry, and was a "clean-up" license to cover items that
were outside the scope of Sun's initial UNIX license. The second
license was to Microsoft Corporation ("Microsoft"), and covers
Microsoft's UNIX compatible products, subject to certain specified
limitations. The Sun and Microsoft license agreements are
non-exclusive, perpetual, paid up licenses to utilize the UNIX source
code.
The amount that we receive from any such licensee will generally
depend on the license rights that the licensee previously held and the
amount and level of our intellectual property the licensee desires to
license. The two licensing agreements signed by us to date resulted in
revenue of $8,250,000 during the April 30, 2003 quarter and $7,280,000
during the July 31, 2003 quarter. The license agreement with Sun
provides for an additional $2,500,000 to be paid to us by November
2003. On July 31, 2003, Microsoft exercised an option to acquire
expanded licensing rights. Upon delivery, we expect to recognize
additional revenue related to this option."
It actually looks like Sun has been paying more in licensing than
Microsoft has. In fact, Sun also invested $150,000 in SCOX at about
the same time.
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Tony Hill
hilla <underscore> 20 <at> yahoo <dot> ca