1st out of the gate on the CC. the "A" word I wanted to say a few words initially concerning Apple. On October 1, we received notice that Apple have been granted summary judgment of noninfringement on 2 of our wireless patents in 1 of our California litigations.
Firstly, both we and our legal advisers believe this summary judgment decision is incorrect and we will continue to fight this decision. Moreover, if necessary, we may appeal the decision. At the moment, we are in active litigation on 8 patents with Apple. So an adverse decision on 2 of our patents is not at all dispositive of the issue. Investors may be interested in knowing that until recently, we were in litigation on 9 patents with Apple, but the RPX patent rights agreement recently signed resolved the issue in 1 of the 9 patents. There is no question that Apple has a sympathetic audience with some U.S. juries. However, we firmly believe that Apple infringes many of our patents. And assuming courts are fair with us, eventually if Apple does not take a license, we believe Apple will be found by a court to infringe 1 or more of our patents. The conclusion on this point and despite this setback, we continue to meet with success in many areas and many strategies seem to be working.
I can commit that we will continue to fight Apple until it takes a license at a fair rate to the Intellectual Property it infringes. However, it is certainly management's view that the long-term value of the company is not materially impacted one way or another by the presence or absence of any one licensee, including Apple.
However, it is certainly management's view that the long-term value of the company is not materially impacted one way or another by the presence or absence of any one licensee, including Apple.