Annual Reports

 
Quarterly Reports

 
8-K

  • 8-K (Feb 23, 2016)
  • 8-K (Dec 29, 2015)
  • 8-K (Dec 17, 2015)
  • 8-K (Nov 24, 2015)
  • 8-K (Nov 23, 2015)
  • 8-K (Oct 29, 2015)

 
Other

TeleCommunication Systems 8-K 2008

Documents found in this filing:

  1. 8-K
  2. 8-K
TeleCommunication Systems, Inc. (Form: 8-K)  

 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   June 12, 2008

TeleCommunication Systems, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Maryland 000-30821 52-1526369
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
275 West Street, Annapolis, Maryland   21401
_________________________________
(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   410/263-7616

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01 Other Events.

TeleCommunication Systems, Inc. (TCS), today announced it has sold its rights, title and interest in United States Patent No. 6,871,215 to TIP Communications LLC. The specific terms of the agreement are confidential. After legal expenses, litigation costs and other obligations, TCS will net approximately $8 million from the sale of this patent coupled with the related settlement of one of TCS’s outstanding patent disputes, which will be reported in its second quarter financial statements as "other income". TCS will retain a limited license in the patent for the use in its own operations. As previously reported, TCS is continuing to pursue separate patent litigation against Sybase as part of continuing efforts to monetize its intellectual property portfolio.





Pursuant to General Instruction B.2. to Form 8-K, the information furnished in this Item 8.01 shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section nor shall it be deemed to be incorporated by reference in any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as expressly set forth in such filing.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    TeleCommunication Systems, Inc.
          
June 13, 2008   By:   Bruce A. White
       
        Name: Bruce A. White
        Title: Secretary
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki