Agoracom

"I will not, in the limited context of this letter, recount all the information contained in our April 9, 2008 earnings release, which fully reflects the financial results of all transactions announced prior to the end of January 2008."

From Ken at Hawk [my bold]

The "end of January 2008" comment in the recent shareholders letter was to address specific shareholder questions about whether the licenses announced in the December-January period were included in the results for the 2/29 quarter. It should not be inferred that the February quarter's results are inclusive of only the licensees announced in December and January, nor should it be inferred that the licenses announced in the first two months of any given quarter will always be included in that quarter's results. As you can see from the Company's revenue recognition policy excerpted below, there is not always a correlation between the period when a license is announced and when it is recognized, although that generally has been the case