Not naive at all, that's exactly the situation and that's how the defense explained it to the courts. Lundgren copped to violating Dell's copyright right away.

Not naive at all, that's exactly the situation and that's how the defense explained it to the courts. Lundgren copped to violating Dell's copyright right away. The value of the disc without the product key or license code or activation code, however you want to describe it, is basically in the convenience of not having to print it yourself. Microsoft argued that the value was that of fully licensed software, ultimately $25 per disc, which is what refurbishers pay for new Windows licenses to install on computers, should they require them.