Wi-LAN Announces Third Quarter 2006 Financial Results: Financial News - Yahoo! Finance
Nobody has really been talking much about Wi-LAN, a tiny company up in Calgary, but it claims to have patents which are required for the implementation for CDMA 2000, 802.11g and 802.16 (WiMAX). Last year, the received a $10,000,000 settlement from Cisco. Most in the know say that this settlement was far below market value because Wi-LAN was in such dire straits financially. Wi-LAN was struggling with its equipment division business and losing millions each quarter. Several months ago, a shareholder coup, landed a revised BOD and Jim Skippen, the former CEO of Mosaid Technologies at the helm. Mosaid actively enforced their patent portfolio as their main source of revenue.
This most recent financial announcements shows Wi-LAN's cash burn at just $400K this quarter in stark contrast to the 2-4 million burns of yesteryear. With fewer than 10 employees and a recent warchest of 16 million, Wi-LAN is going after infringers without the financial burden of the equipment division.If Wi-LAN is able to announce some licensing deals and make some progress with the current D-LINK lawsuit, this stock stands to gain substantially. WIFI, WIMAX and CDMA are integral to the lives of literally hundreds of millions of people. This is not small potatoes.Read more at biz.yahoo.com/ccn/06083...

