- 11 - * * * * * * * The Licensee [HSN] shall pay to the Licensor [HSC] the sum of 2% of its gross profits of which 1% of gross profits shall be remitted to Pioneer Data, Inc. for its development of the existing computer licenses, programs, tapes. * * * * * * * * * * This agreement shall continue in perpetuity * * * With its signal being broadcast to a national audience, HSN believed that it would need a larger computer system to handle the potentially large customer base. Time was of the essence in locating a computer system, because the Satellite Agreement required HSN to begin broadcasting on July 1, 1985. HSN and Pioneer approached IBM and other computer hardware companies to determine the type of computer system that would best suit HSN’s needs. Burroughs was the company ultimately selected to provide the computer hardware as a result of its ability to upgrade computer hardware without extensive modification of computer software, its willingness to have the order entry system completed by July 1, 1985, its team approach, and its flexible pricing. On May 13, 1985, Pioneer and Burroughs entered into a contract for the purchase of computer hardware and for Burroughs’ programming services to develop software, based upon the Local Software but written in a fourth-generation computer language known as LINC (the National Software), so that the program couldPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011