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This is the best part of the UK High court news today.
“In addition, the UK’s High Court has granted both parties permission to appeal certain aspects of the judgment”
Now IDCC can appeal the rate set by the court in the Lenovo court.
glen....nice way to start the day!!!
UK court issues interest award to InterDigital, increasing Lenovo’s payment obligation to $184.9 million
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that it has been awarded an additional $46.2 million in its UK High Court case against Lenovo, increasing the total that must be paid to InterDigital to $184.9 million.
The Court agreed with InterDigital that Lenovo should pay interest on the original sum of $138.7 million that it was determined Lenovo must pay, in an earlier decision this year, for a license to InterDigital’s portfolio of 3G, 4G and 5G patents.
In addition, the UK’s High Court has granted both parties permission to appeal certain aspects of the judgment.
“We welcome the Court’s careful consideration of this case and its decision to award InterDigital interest to increase its initial award to $184.9 million, as well as granting us permission to appeal,” commented Josh Schmidt, Chief Legal Officer, InterDigital. “Our significant long-term investments in fundamental research and innovation in wireless and video technologies continue to benefit an increasing wealth of industries and consumers alike, including Lenovo and its customers.”
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq. InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Richard Lloyd
Email: richard.lloyd@interdigital.com
+1 (202) 349-1716
Might have been index rebalancing
looks like almost 600k traded after hours....the block must have been overhanging the stock all day...looked like a jump ball at the end....wonder if the company participated on the buyside
I find it interesting that the ask is just below $100 as they seem to be afraid of news.......
I realize that this is the beginning of the quarterly rebalancing, with 1.21 M shares trading the good news is that there has been willing buyers....
IDCC did a little over 1M shares today. Where did they come from???
damn...only been here for 25 years....im kind of a professional in this business....and idc has taught me more than i should be willing to admit about how things work in this crazy quilt we call "the market"....its always two steps ahead...and then a step and 1/2 behind....but i made some bucks and a bunch of good friends along the way!!!
Neither Optis nor InterDigital should regret their London FRAND trials
https://www.iam-media.com/article/jw-column-22nd-june-2023-interdigital-optis-london-frand-trial?utm_source=BREAKING%253A%2BUS%2BSenators%2BTillis%2Band%2BCoons%2Bre-file%2Bpatent%2Beligibility%2Bbill&utm_medium=email&utm_campaign=IAM%2BDaily
Yes, it has been a long learning experience.
Loop, you have been here 38 years ?
This company and it's stock is acting stronger than I have seen over the last 38 years.
MO
loop
nterDigital and the University of Surrey Formalize 6G Research Partnership
Company Release - 6/22/2023
Research collaboration will explore critical 6G features including integrated sensing and communication and reconfigurable intelligent surfaces
WILMINGTON, Del., June 22, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, and the 6G Innovation Centre (6GIC) at the University of Surrey have announced a bilateral research partnership to develop 6G enabling technologies that may impact future wireless standards. Specifically, InterDigital will sponsor research and innovation at 6GIC in technologies such as integrated sensing and communication and reconfigurable intelligent surfaces (RIS), both expected to be important features of 6G.
InterDigital maintains a long heritage of technology innovation and has made continuous contributions to the European wireless research and standards ecosystem through the Horizon Europe 5G public-private partnership program. Last year, InterDigital was awarded funding to contribute to eight UK and EU-led 6G flagship research programs defining the roadmap for 6G. The University of Surrey’s 6GIC was launched in 2020 as a premier global research hub dedicated to advanced telecommunications engineering that brings together the physical and virtual worlds and explores new 6G opportunities from the use of ambient information and ubiquitous coverage. The 6G partnership will support joint dissemination of research findings in pre-standards and research forums such as ETSI, Innovate UK, and Horizon Europe partnership projects, and in top tier peer review journals.
“Our new partnership with 6GIC reflects InterDigital’s commitment to collaborate with leading universities and programs to encourage innovative research outcomes and bolster the impact of our innovation through wireless standards like ETSI and 3GPP,” said Milind Kulkarni, VP and Head of Wireless Labs, InterDigital. “Research collaborations like this both support UK strategies to promote wireless innovation through standard essential patents and leverages our unique expertise in areas like RIS and integrated sensing and communication to drive the potential for 6G forward.”
“6GIC is thrilled to embark on a new partnership with InterDigital,” said University of Surrey Professor Rahim Tafazolli FREng, Head of the Institute for Communication System. “Innovation is at the core of our DNA, and this great opportunity to collaborate with InterDigital will allow us to ideate and develop critical 6G technology features including integrated sensing and communication and reconfigurable intelligent surfaces. This important collaboration will further nurture and drive forward our research and innovation strategy.
The multi-year research partnership between InterDigital and 6GIC was officially formalized at the 6GSymposium held at the University of Surrey
InterDigital and the University of Surrey formalise 6G research partnership
Via InterDigital
Jun 20, 2023
The 6G Innovation Centre (6GIC) at the University of Surrey and InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, have announced a bilateral research partnership to develop 6G enabling technologies that may impact future wireless standards.
InterDigital maintains a long heritage of technology innovation. It has made continuous contributions to the European wireless research and standards ecosystem through the Horizon Europe 5G public-private partnership program.
Regius Professor Rahim Tafazolli FREng, Founding Director of the 6G Innovation Centre at the University of Surrey, said:
“We here at the 6G Innovation Centre are thrilled to embark on a new partnership with InterDigital. Innovation is at the core of our DNA, and this great opportunity to collaborate with InterDigital will allow us to ideate and develop critical 6G technology features including integrated sensing, communications and reconfigurable intelligent surfaces. This important collaboration will further nurture and drive forward our research and innovation strategy.”
Last year, InterDigital was awarded funding to contribute to eight UK and EU-led 6G flagship research programs defining the roadmap for 6G.
The University of Surrey’s 6GIC was launched in 2020 as a premier global research hub dedicated to advanced telecommunications engineering that brings together the physical and virtual worlds and explores new 6G opportunities from the use of ambient information and ubiquitous coverage. The 6G partnership will support joint dissemination of research findings in pre-standards and research forums such as ETSI, Innovate UK, and Horizon Europe partnership projects, and in top tier peer review journals.
Milind Kulkarni, VP and Head of Wireless Labs, InterDigital, said:
“Our new partnership with 6GIC reflects InterDigital’s commitment to collaborate with leading universities and programs to encourage innovative research outcomes and bolster the impact of our innovation through wireless standards like ETSI and 3GPP.
“Research collaborations like this both support UK strategies to promote wireless innovation through standard essential patents and leverages our unique expertise in areas like RIS and sensing and communications to drive the potential for 6G forward.”
https://www.telecomtv.com/content/6g/interdigital-and-the-university-of-surrey-formalise-6g-research-partnership-47762/
jealmc, I know that fintel does not have all the shares available for shorting. For those of us that watch shares available it has been coming down. A few weeks ago it was always 800K or more. Now it is 500K to 550K. I like the trend...
“Where are they coming from as there was only 550K available to borrow.”
Fintel only gets the short shares available from one large brokerage, it’s not the total number available to short. Interactive Brokers appears to be their source. IB also appears to get better rates for those lending their shares out than most brokerages. TDA is lousy at that. E*trade does a good job for share lenders.
Thanks for that clarification Vegas. A lot of shares changing hands.
dsteeler, all insiders are prohibited from selling short or buying or selling call and put options. I believe that applies to the company. Volume today 847K shares. Where are they coming from as there was only 550K available to borrow.
It is interesting that the company used two priced Dutch auctions to acquire shares. Could it be the company didn’t achieve the success in getting the share buyback they wanted? Just pure speculation, but could the company get shares through an option play to satisfy what appeared to be an urgent share acquisition? I’ve been here a long time (30 plus years) and have accumulated a substantial holding for being just an individual investor. I’ve wrote covered calls on a fraction of that holding many times. Sometimes called,and other times not called. The overall market is hot, but for IDCC it just seems out of the norm. A lot of folks are going to be out of their shares at many different strike prices. I’ll loose a few at 75, but knew that going in. Different strategies going forward. IDCC has been good to me, and they’re on a roll so I’m looking forward to even better returns. I guess I’m just wondering if the company could use the option market to augment the share buyback, or even if it’s legal. All very interesting.
We might do 4 if premarket was a correct reflection of things to come.
$93 O'reeno. Like Ernie Banks of the Cubs would say 'LETS PLAY 2' ! ! !
Can we do two today? Look at all those in the money options.
What? $95.83 in pre market! What’s next?
Zdog we are heading north on the oreeno’s and do not want to stop.
Great to see! If they keep adding revenue it should keep orenoing.
Gamco and Monterey now we need to close at or above $91. In the meantime cigars for all. At $100 oreeno we shall all have a virtual shot of Louis XIII (13).
My3sons87 - Another "oreeno", take your cigar! Another consecutive 52 week high.
Monterey we got close but no cigar. Soon though.
M3S…It looks like 5 o’clock Charlie is the only one ringing the $91 oreeno bell today but $91 is still only a heartbeat away before close.
I am ringing the $91 oreeno bell, which I hope happens today.
Here's Why Momentum in InterDigital (IDCC) Should Keep going
Here's Why Momentum in InterDigital (IDCC) Should Keep going
Zacks Equity Research
Wed, June 14, 2023 at 7:50 AM CDT
In this article:
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and InterDigital (IDCC) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. IDCC is quite a good fit in this regard, gaining 23.2% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 8.7% over the past four weeks ensures that the trend is still in place for the stock of this wireless research and development company.
Moreover, IDCC is currently trading at 99% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in IDCC may not reverse anytime soon.
In addition to IDCC, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
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InterDigital, Inc. (IDCC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Funny,,,92.95 in AH. TC’s 5-o’clock chaz again.
At the close, 140k+ shares traded. EOM
As I type this post, the price of IDCC is $90.90 and there are 1005 contracts of in the money calls for this Friday's (June 16th) option expiration date. Next week could be exciting!
A watched pot never boils. LOL
Anyone remember what happened to 'REVLIS' aks Silver? he used to have his own IDCC type board at one time.
Paulee - Ranger was the 'Oreeno' man. Mickey was more on a '$200 price range' buy.
Ask price is 90.28 at 46,000 shares.
Oreeno 90 again…done
WE CRACKED THE $90 Oreeno barrier, even though only briefly!
Lets make another run at it later in the day.
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