INDUSTRY: TELECOMMUNICATIONS
DESCRIPTION AMOUNT
UNCOVERED
BY AUDIT		 AMOUNT
SETTLED /
COLLECTED
1. Telecommunications – uncovered underpaid amounts resulting from: (i) unreported foreign subsidiary sales; (ii) sales of licensed products to companies excluded under erroneous interpretation of agreement; and (iii) unreported products incorporating licensed technology > $ 1,800,000 > $ 1,500,000
2. Japanese Service Provider – uncovered underpaid amounts resulting from: (i) unreported service subscribers and (ii) unreported sublicense of Licensor's technology to foreign companies $ 667,000 In Negotiations
3. Telecommunications – uncovered underpaid amounts resulting from: (i) sales to countries unknown by licensee to be protected by patent; (ii) unreported sales of substantially completed licensed products; and (iii) unreported sales of licensed products > $ 1,500,000 > $ 1,100,000
4. Telecommunications – uncovered underpaid amounts resulting from: (i) royalty bearing sales of licensed products prior to execution of the agreement > $ 5,000,000 > $ 3,000,000
5. Telecommunication Parts – uncovered underpaid amounts resulting from: (i) erroneous credit adjustment claimed by licensee on prior royalty report; (ii) failure to report sales of licensed products to and/or by affiliated companies; and (iii) application of erroneous exchange rates $ 1,018,000 In Negotiations


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