Replies to post #408664 on InterDigital Inc (IDCC)

[olddog967]

Data: I think you pointed to the answer; however the revenue is not from the Convida JV, but apparently with the related PLAs signed with Sony Corporation of America.

The following are from the 2013 10-K describing the 2012 agreements, and from the press release announcing the renewal agreements. Note the highlighted:

2013 10-K:

During 2012, InterDigital completed the formation of a joint venture with Sony Corporation of America. Called Convida Wireless, the joint venture combines InterDigital's advanced M2M research capabilities with Sony's consumer electronics expertise. The agreement also includes a patent license from InterDigital for Sony's sale of 3G and 4G products. The formation of Convida Wireless will provide an outlet for driving new research in the growing M2M wireless communications field.

Snip

Also in fourth quarter 2012, we entered into a patent license agreement with Sony Corporation of America that covers Sony's sale of 3G and 4G products.

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Last year’s press release:

NEW YORK and WILMINGTON, Del., Sept. 30, 2015 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC) today announced it is expanding the research scope of its Convida Wireless joint venture with Sony Corporation of America (NYSE:SNE) to include 5G technologies. The company also announced that this agreement includes a patent license from InterDigital.

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It is funny how the mind processes information. I know I looked at the announcements but completely skipped over the “of America” part, automatically relating Sony Corporation to Japan.