Quarterhill Inc (QTRHF)

[Neverending]

I would not sell into the frenzy tomorrow.Keep this in mind>>

There will be a sell-off and in my opinion you wont be able to get out quick enough to avoid it. The recent license agreements are not in the company estimates which will be updated at earnings on Nov 6th. There will be a bounce and probably an appeal in the Apple case. Apple may even settle as HTC did in the last loss. No doubt a bad day but you will get taken selling into it in my opinion.

http://seekingalpha.com/article/1756782-wi-lan-an-undervalued-ip-licensing-company-with-50-upside-and-a-4-dividend?source=yahoo

3) The third component of the thesis is the current settlements that have taken place over the last several months. It is difficult to estimate the amount of the settlement and the patent license agreement revenue amounts achieved as a result of the dismissal of litigation as obviously it is important for both parties that the settlement and or license amounts remain confidential. However, analysts estimate that a number of these recent licenses could fetch $5 to $6 million per year in incremental license revenue. Also, these new license agreements have occurred too recently to be reflected in the company's 2014 revenue estimates. One has to also remember that incremental license revenue goes directly to the bottom line as, in effect, there is no additional opex, capex or cost of goods associated with achieving these incremental revenues other than any court costs if required as a means of getting the infringer(s) to the table to settle and enter into a license agreement. In just the last month alone, WiLAN has settled litigation and achieved settlements (and license agreements with at the majority) with seven companies that were in some stage of the litigation process. The following are a summary of the news releases:

October 15 - WiLAN enters into license agreement and settlement with Novatel Wireless
October 15 - WiLAN enters into license agreement and settlement with HP
October 10 - WiLAN and Sierra Wireless reach agreement to settle all litigations
October 9 - WiLAN and BlackBerry settle all litigations
September 18 - WiLAN and HTC reach agreement to settle all litigations
September 16 - WiLAN and Alcatel Lucent enter into license agreement and end all litigations
May 27 - WiLAN and Dell sign licensing agreement and settle litigations