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Ed Sexton, the vice president of product and development for Revell-Monogram, which makes toy models, said royalties should not be paid on products developed and built with taxpayer money.
"I think an author once said, 'Royalties are the best thing in the world,' says Andy. "You can go to sleep at night, and you're earning money.
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The woman said: "Who are you?" I said: "Royalty".
ARM said royalty revenues, the price paid when products that use its designs for semiconductors are sold, fell to £6.4 million ($9.2 million).
The company said royalty revenues rose 6% and licensing revenues 7% in the first half, with earnings before interest and tax up 65%too £12.2m.
The chip designer, boosted by last week's launch of Apple's iPhone which includes its technology, said royalty revenue growth continued to be strong in the final quarter.
Under it, black headlines said: ROYALTY WED IN POMP INEZ ROBB DESCRIBES ELIZABETH'S RADIANCE The McCormick-Patterson Daily News, which has been trying to save America from British guile since 1940, unbent just as handsomely.
That said, royalty rates are high 90% of any crude recovered from Taq Taq goes to the Iraqi government.
Genentech says royalties are owed only for products made using DNA created by the City of Hope -- insulin and human growth hormone.
To support its arguments, Genentech points to a paragraph in the 1976 contract between the company and City of Hope that says royalties shall be paid only on products manufactured using the DNA made by the City of Hope.
But Julian Yates at Investec kept his buy rating, saying: Royalties were slightly below expectations at $122m versus our $126m (consensus $128.2m) and fourth quarter guidance suggests this shortfall will not be made up.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com