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Short interest is UP? Wow!
Well we finally closed above $100. Go IDCC. Stay strong all.
if we are successfull...they wont just pack up and leave...maybe your right......they're going to have to get a real beating!!
Not enough to really teach them a lesson and send them packing!
IMHO - Tomcat
19 points in 15 days....thats a little squeeezeeee!!
Teecee,
If past is prologue, the short interest probably went up!
I don't think the real short squeeze has happened yet!
David
Teecee56, How do you explain Goldman Sachs $1.5 B investment ?
we should be getting a short interest report today or tommorrow....very interested in seeing what the flows were between 11/1 and 11/15....the price went from 76 to 95 in that period!!
the holdings at gs...are most likely held at goldman sachs asset management....i wouldnt think that they own a large portion of the convertible issue....that deal was done mostly by exchanging the new convertbles with the holders of the old convertibles[270myn]
Vegas when GS advertises IDCC then we know they are looking out for the company, share holders and themselves.
It is very possible that Goldman Sachs has a potential $1.5 B investment in IDCC. If they bought all the 2024 and 2027 bonds with all the warrants it would cost approximately $600 M . They then would have to pay approximately $850M to exercise the warrants. They also own 418K shares. Upon exercise of everything they would own 40+% of IDCC. Come June 2024 they should have to file a 10% ownership, but not until then....
Whoever’s wrote the report stating billions instead of millions needs to proof read before publishing. Then again how many folks saw the report before it was published.
If anyone is punished or fired for the mistake it will be the typist or maybe even the janitor. God forbid a muckety muck make a mistake.
Agreed. It should be million, not billion.
Am I missing something here:
618,450 x $85.86 (Closing price on Aug. 4th) = $53,100,117 Where do they get the word BILLION?
As of 4th August 2023, Shannon River Fund Management’s top holding is 618,450 shares of Interdigital Inc currently worth over $59.7 billion and making up 14.9% of the portfolio value.
Here's a fun tool (but I can't attest to it's accuracy): https://hedgefollow.com/stocks/IDCC
I'm intrigued by the "Option Holders" info. Use at your own discretion.
the number is a mistake
If Goldman owns all the bonds and all the warrants they could get in round numbers 16M shares. They would need to convert and pay approximately $850M for the warrants. Of course there are time restrictions on the 2027 bonds, but I can not find the terms on the warrants.
Company Name
Shares
Change
% Change
$ Market
Held
in Shares
Shares
Value
BLACKROCK INC.
4,431,012 (159,756) -3.48 $441,107,245
VANGUARD GROUP INC
3,343,395 72,720 2.22 $332,834,972
STATE STREET CORP
1,008,062 22,202 2.25 $100,352,572
DIMENSIONAL FUND 969,637 (81,796) -7.78 $96,527,363
DISCIPLINED GROWTH 677,226 (5,089) -0.75 $67,417,848
BOSTON TRUST WALDEN 666,935 46,181 7.44 $66,393,379
BOSTON PARTNERS
643,899 (23,417) -3.51 $64,100,145
SHANNON RIVER FUND 642,265 23,815 3.85 $63,937,481
D. E. SHAW & CO., INC.
609,620 16,211 2.73 $60,687,671
GEODE CAPITAL 556,979 12,297 2.26 $55,447,259
RENAISSANCE TEC 419,167 (126,600) -23.20 $41,728,075
GOLDMAN SACH 418,446 40,046 10.58 $41,656,299
teecee56, If Goldman has what they say, they own about 60% of market cap. Are they brokering a buyout?????
youre right about that....its nice to see ole idc getting some attention though
10. InterDigital, Inc. (NASDAQ:IDCC)
Goldman Sachs' Q3 2023 Investment Value: $1.5 billion
InterDigital, Inc. (NASDAQ:IDCC) is a small software company that provides its products to the consumer electronics and communications industries. The firm's shares have been on a tear this year, as they have gained 76% on the market year to date.
Insider Monkey dug through 910 hedge funds for their second quarter of 2023 shareholdings and discovered 24 InterDigital, Inc. (NASDAQ:IDCC) shareholders. In the third quarter, its largest hedge fund shareholder was Spencer M. Waxman's Shannon River Fund Management since it owned 642,265 shares that were worth $51.5 million.
teecee56, the only way Goldman Sachs could have anywhere near that investment would be that they own all the bonds and all the warrants... Even with that they can not have $1.5B
also noted....the dollar value of the goldman sachs investment in idcc of 1.5byn...is comparable to the dollar value of the investments in the other much much larger companies
saw that...the other companies on that list were much larger than idc
Am I dreaming or did I just read an article that Goldman Sachs has IDCC rated 10th best stock??? This could light the fuse...
Happy thanksgiving one and all from my family to each of yours. This is being sent from Times Square in the theater district. Broadway today and turkey tomorrow.
Stay well one and all. Go IDCC
Loop, thanks for all your thoughts about IDCC over those many years. IMO, patience for all long timers has turned into a positive experience with even more potential to come in the long term future considering management’s comments in the last conference call about potential for future revenue from live streaming in 2027. That revenue could be significant. IMO I also have to say IDCC has and continues to change for the better since Liren Chen took over. I am thankful for that too. Happy Thanksgiving to you and your family.
oh oh oh...i think its squeeezing out to the upside...i hope it floats!!!
volume way low today...barely 100k at 3.05....seems to me they are going to have to squeeze out at least another 100k in the last hour...to the upside or downside?
I am the last man standing in the initial group that decided to invest in IDCC. I have been following the company and many of you for 38 years. There have been many ups and downs along the way, but the experience has been a positive for me. I wish you and yours a happy thanksgiving and hope we all have many more.
MO
loop
No problem from the desktop using my internet connection or from the mobile app.
Anyone having problem logging into Charles Schwab this morning?
The Ask on Yahoo is $124.30 x 900
5 o’clock Charlie got up early this morning and had 5 (shares) direct hits on the $100 target in Pre-Market.
DAM...5 o'clock charlie....your bomb fell short....I think you need a new propeller!!
I like the company that IDCC is keeping. It should bode well for our future. Houston so you read me?
“the election of vice chairs Dr. Ayman Naguib from Apple, Dr. Richard Stirling Gallacher from Huawei, and Prof. Henk Wymeersch from Chalmers University. More than 80 representatives from across industry and academia participated in the kickoff meeting in Sophia Antipolis, France, and collectively agreed that the ISG will establish the technical foundation for the development of ISAC technology and its standardization in 6G.”
Houston we are experiencing turbulence every time we approach the $100 flight ✈️ path.
this is houston....its been a while space rangers.....roger!!
HOUSTON...we are nearing contact...all systems go!!!
InterDigital’s Alain Mourad Elected Chair of New ETSI Industry Specification Group on Integrated Sensing and Communications (ISAC)
Company Release - 11/21/2023
The ETSI group comprised of industry, government, and academia will perform research and standards readiness for ISAC, an early 6G technology
WILMINGTON, Del., Nov. 21, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that Dr. Alain Mourad, Head of InterDigital’s Wireless Lab Europe, has been elected Chair of the ETSI’s newly developed Industry Specification Group (ISG) on Integrated Sensing and Communication (ISAC).
The election was held at the inaugural ETSI ISAC ISG meeting on November 17, which also saw the election of vice chairs Dr. Ayman Naguib from Apple, Dr. Richard Stirling Gallacher from Huawei, and Prof. Henk Wymeersch from Chalmers University. More than 80 representatives from across industry and academia participated in the kickoff meeting in Sophia Antipolis, France, and collectively agreed that the ISG will establish the technical foundation for the development of ISAC technology and its standardization in 6G.
Sensing refers to the use of radio signals to detect and estimate characteristics of target objects in the environment and its integration enables the network to act as a “radar” sensor and utilize its own radio signals to comprehend the physical world it operates within. This enables the network to collect data on a plethora of device and object features, including range, velocity, position, orientation, size, shape, image, materials, and more. The sensing data gathered and processed by the network can be used to enhance network operations, augment existing services such as XR and digital twins, and enable new services like gesture and activity recognition, object detection and tracking, and imaging and environment reconstruction.
“I’m delighted to lead the ISAC ISG for its inaugural two-year release. ISAC is a pillar technology for 6G and it’s timely for ETSI’s ISAC ISG to streamline the ongoing research on ISAC towards its future specifications in the first release of 6G,” said Alain Mourad, InterDigital’s Head of Wireless Labs Europe and ISAC ISG Chair. “I look forward to working with all the stakeholders to deliver on the exciting mission of this ISAC ISG.”
The ETSI ISAC ISG will define a prioritized set of 6G use cases and sensing types and develop an evaluation roadmap focused on advanced 6G use cases and sensing types not expected to be covered by 3GPP Release 19, though may be included in future 6G releases. The ISG also aims to develop advanced channel models for ISAC use cases and validate them through extensive measurement campaigns to address gaps in existing communications-based channel models.
“Alain’s strong leadership as the chair of the ETSI ISG on ISAC will provide a bedrock for enhanced capabilities and new use cases to explore in 6G,” said Rajesh Pankaj, Chief Technology Officer, InterDigital. “Alain’s election adds to the list of leadership positions InterDigital holds in other ETSI ISGs like Reconfigurable Intelligent Surfaces, Permissioned Distributed Ledger, and Securing AI, all of which do the critical, early work of shaping of our 6G future.”
As part of their purview, the ETSI ISAC ISG will undertake two studies, one on privacy and security aspects associated with sensing data within the ISAC 6G framework and the other on the impact of widespread deployment of ISAC on UN sustainability goals.
Learn more about the ETSI ISAC ISG here.
Looks like the bubba-Gump shrimp company decided to let us know Forest is still running.
With all the good happening to IDCC, and staff participation in various standards with major corporations representatives, the butterfly may be ready to emerge from the cocoon.
A message for those shorts still hanging on: don't forget to turn off your lights on your way out.
This price action is damn exciting
Reminds me of the orig apple license
Maki g me nervous as hell tho
badgerkid, because the 2027 notes do not convert for 2 years or more, I would say NO
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