[linux-elitists] SGI patent sales to Microsoft
Karsten M. Self
Tue Oct 23 17:10:25 PDT 2001
SGI turnaround getting closer, company promises
By Tony Smith
Posted: 23/10/2001 at 11:24 GMT
SGI continues to haemorrhage red ink, losing a further $69 million
during its most-recently completed quarter, the first of its 2002
fiscal year and covering the three months to 28 September.
That $69 million (36 cents a share) loss is 41 per cent deeper than
the $49 million (26 cents a share) SGI reported this time last year,
but is significantly better than Q4 2001. Last quarter, the company
last $232 million (120 cents a share).
That would explain why the company is now looking to flog off
intangible assets such as patents. The quarter's revenue total
includes $62.5 million made selling "non-core intellectual property
rights" to Microsoft. The agreement also included a patent
cross-licensing deal, though its other terms were not made public.
SGI CEO Bob Bishop said: "SGI has a rich portfolio of technical
intellectual property. This agreement allows us to tap into the
value of that IP without compromising in any way our core R&D or the
future of our business."
Anyone got a scoop on what patents are involved, and how this might
impact GNU/Linux and free software?
Karsten M. Self <email@example.com> http://kmself.home.netcom.com/
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