Question-and-Answer Session
Sure. [Operator Instructions]. We will take our first question from Jeff Schreiner of Capstone Investments.
Jeffrey Schreiner - Capstone Investments
Good afternoon, everyone.
Harold Hughes - President and Chief Executive Officer
Good afternoon, Jeff.
Satish Rishi - Senior Vice President and Chief Financial Officer
Hi, Jeff.
Jeffrey Schreiner - Capstone Investments
The first question I wanted to ask is, what's the timeframe, Tom, for the FTC to make a decision on re-examining the case?
Thomas Lavelle - Senior Vice President and General Counsel
Well, they have got a little bit of time. We are looking probably at weeks rather than months before they make a determination of what they are going to do, whether they’re going to remand and go back for Section 5 action or what else they might do.
Jeffrey Schreiner - Capstone Investments
Okay. Another question for you and we’ll move on, what's the cut-off date for filing an injunction? And can Rambus file an injunction request at any point up to that date?
Thomas Lavelle - Senior Vice President and General Counsel
An injunction following the Jury verdict, you are talking about?
Jeffrey Schreiner - Capstone Investments
Yes, I am sorry.
Thomas Lavelle - Senior Vice President and General Counsel
Yes, we have a hearing scheduled, I believe it's on May 9th. We have hearings coming up where we will be filing the briefs on the proposal to get into an injunction, that's coming up and the briefing is going on now, it will be filed. I don’t know when the actual hearing is going to be, but sometime after that obviously.
Jeffrey Schreiner - Capstone Investments
I think they are coming to get you right now actually. This is for Satish. Satish, in regards to the guidance, it seems like the Elpida contract has kind of rolled off and the company is obviously negotiating. Will the company potentially receive any reduced type of revenues from Elpida during the re-negotiation period?
Satish Rishi - Senior Vice President and Chief Financial Officer
Yeah, Jeff, the Elpida contract expired as of March 31st. So typically we get a royalties 40? within 45 days from the end of the quarter. So the Elpida patent royalty is included in the guidance for Q2.
Jeffrey Schreiner - Capstone Investments
And then it’s meaning that we are optimistic that we will re-price.
Satish Rishi - Senior Vice President and Chief Financial Officer
- To read the full transcript on Seeking Alpha, click here »
