looks like we double tech solutions revs seq but still no signs of resolving the arbitration.
per guidance
Revenue in fourth quarter 2011 is expected to be 74.2 million and consist of current royalties of 71.8 million, no past sales and 2.4 million from technology solutions.
Per q3, tech sol revs were 1.2 mil
Revenue in third quarter 2011 totaled $76.5 million, a 17 percent decrease from $91.9 million reported in third quarter 2010. Patent licensing royalties of $75.3 million in third quarter 2011 declined $10.8 million, or 13 percent, from $86.1 million in third quarter 2010. The fixed fee portion of the royalty revenue totaled $33.2 million, a decline of $16.4 million, or 33 percent, over the $49.6 million in third quarter 2010, primarily due to the absence of $14.4 million in royalties from LG Electronics, Inc. ("LG"). Per-unit royalties of $34.2 million in third quarter 2011 declined somewhat from the $35.8 million in third quarter 2010, driven by a decline in royalties associated with customers in Japan offset by growth in customers with exposure to the smartphone market. Past sales of $7.9 million in third quarter 2011 increased from $0.7 million in third quarter 2010 due to an audit resolution with an existing customer in third quarter 2011. Additionally, technology solutions revenue decreased to $1.2 million from $5.8 million in third quarter 2010, primarily due to declines in revenue from agreements that concluded in 2010. In addition, the company continues to defer revenue recognition of disputed royalties pending the outcome of an ongoing arbitration proceeding related to one of the company's technology solutions agreements. As of September 30, 2011, the company has deferred $25.6 million of revenue in connection with this arbitration. Customers that accounted for ten percent or more of the $76.5 million of third quarter 2011 total revenue were Samsung Electronics Company, Ltd. ("Samsung") (34 percent), Research in Motion Limited ("RIM") (13 percent) and HTC Corporation ("HTC") (12 percent).
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