LYCOS RETRIEVER 
Genesis: Services Agreement
built 291 days ago
Genesis had paid Silicon Image $11 million through Sept. 30, 2006 relating to this matter. As a result of the signing of the settlement and license agreement, Genesis is obligated to pay Silicon Image additional monies and Silicon Image expects to record approximately a $13 to $15 million increase (inclusive of the $11 million in payments received from Genesis through Sept. 30, 2006) in operating income in the quarter ending Dec. 31, 2006. The exact composition of increase between licensing revenue, recovery of patent assertion expenses and other items is not currently known as Silicon Image is awaiting required royalty data from Genesis.
Source:
GENEVA and SANTA CLARA, Calif., Dec. 11 /PRNewswire-FirstCall/ -- STMicroelectronics STM and Genesis Microchip Inc. GNSS announced today that they have entered into a definitive agreement for STMicroelectronics to acquire Genesis Microchip. The acquisition confirms STMicroelectronics as a leading System-on-Chip (SoC) technology provider to the rapidly growing digital television and display markets.
Source:
Greenford will be the exclusive provider of Genesis building systems in the Central Federal District within the Russian Federation, and will maintain exclusivity as long as annual minimum gross sales targets are achieved. This Agreement is for a five-year period and will automatically renew for an additional five years.
Source:
MORE ABOUT
Services Agreement