Question-and-Answer Session
Operator
Thank you. (Operator Instructions). We’ll take our first question from Jeff Schreiner with American Tech Research.
Jeff Schreiner - American Tech Research
Good afternoon gentlemen. Thank you for taking my question.
Harold Hughes
Hello Jeff.
Jeff Schreiner - American Tech Research
Wanted to dig a little bit in to the agreement previously with Infineon and Qimonda and the potential triggers that may relate to the extension of payments. Have those triggers been met, and will we additional revenues in future quarters from the Infineon group?
Sharon Holt
Hi Jeff, this is Sharon. With respect to the agreement which by the way is now with Qimonda, the agreement was transferred shortly after Qimonda was spun out of Infineon. Certainly if we had met any of the triggers you would have heard from us about that by now, because I think you’re well aware of what’s the triggers are roughly. That are part of that agreement. And we haven’t made any announcements about that.
We certainly continue to work towards positive outcomes in the litigation with the other players in the DRAM industry. And we certainly hope to trigger the follow-on payments from Qimonda, but we’ve made no announcements to that effect yet.
Jeff Schreiner - American Tech Research
Okay and , I was wondering Satish if you could talk a little bit about the commentary that was in the most recent Q, in relation to fix royalties actually not being affected by the SEC decision. Should we assume going forward that only agreements with variable portions are going to be included or encompassed by the remedy?
Satish Rishi
Jeff the SEC order is fairly complex and I am not sure we can do it justice in one or two sentences. But the application definitely is towards the variable royalty payment and for the fix royalty payers, each and every customers is treated differently. So you have to go and talk to the individual customers and see if any of their revenue that they believe, that is subject to the SEC orders above mark or not above mark. So I wouldn’t blanket it to say just that its related only to the fixed payers. But by and large at a higher level, I think , it should be right to say that the variable rate royalty payers have a bigger impact than the fixed payers.
Jeff Schreiner - American Tech Research
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