InterDigital Inc (IDCC)

[captainslog]

"With that strong and stable platform in place, we’re well-positioned to drive towards our goals of $500 million to $600 million in annual recurring revenue from our core terminal unit licensing business and $75 million to $100 million from our IoT business.”

- Net Income for the quarter was: $136.5 million. Multiple that by 4 and you have $544 million a year. That is already between the $500 million and $600 million WM wants to be.

- Net Income for the year is: $309.0 million.

- First Quarter sales for the terminal business are estimated to be ~91 Million or about $361 Million for the year. That is Gross income, not Net.

So how are they going to get to $500 million in revenue when they have the biggest terminal licenses already signed? Or, is WM talking about $500 million Gross, Not Net??

Past infringement numbers won't make that up. That is a limited commodity.

A PE of 9 is ridiculously low, it seems to me.

But for me the $91 Million is low for the 1st quarter and why so much lower than 4th quarter of $136.5 million. That is a $45 Million dollar difference and that difference is also between Gross and Net numbers.

Sales of phones are flattening out.

Some perspective from those who know a lot more than me would be welcome.

Thanks,

CaptainsLog