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MagicJack VocalTec Communications' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Finally, [someone] may want to walk down about the number inventions. Let me wrap up with a couple of general points. Firstly, the company has now built out the infrastructure to handle hyper growth. And secondly, what many of you don’t know if we are the only company to have the largest reaching CLEC, our own chip design company, our own Softswitch and Session Border Controller company and we even write all our own softphone software. All of these subsidiaries continue to contribute to our overall success.

With that summary of recent results, let me turn the call over to Dan to answer questions.

Daniel Borislow

Good morning everybody. Thanks Andrew and thanks for contributing to the success of the company since you started this year. Before I get into the questions, I just want to go over a couple of things very briefly.

Early this morning, we announced a patent field that I have been personally working on for quite a period of time, and the patent world is not a very well-known industry except for quite a few people, and you could buy 5,000 patents, a 5,000 patents might not be better than just one patent I think you could purchase alone.

In this case, this is a very valuable patent that we purchased. It will be revenue and income producing, and it will be very accretive to our numbers in the future. The other thing as far as patents cover, still on the look, this particular patent that we did buy as the foundational patent, as far as our concern. And it happened would be the reason – the largest reason by far of why we merged with VocalTec and besides the people that we got and the technology that the patent was something I was absolutely terrified about research, all the patents that were outstanding and when I found that VocalTec patent I know I have to get used with that patent.

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