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Considering the long wait to get here wouldn’t $200 be more like it?
Zdog,
I think they (IDCC) will buy as many shares as possible to reduce the float and shares outstanding BEFORE the big $100 buyout by Qualcomm!
IMHO - Tomcat
The renewal was effective 1/1/23 and they filed within the reporting period.
MO
loop
or
Failed to hit SEND
One thing puzzles me with the announcements:
either they were extremely busy this past weekend, flying all around the globe securing signatures on these licenses/agreements
OR
they had agreed to these agreements/licenses in December but FAILED to inform its shareholders on a timely basis on material financial matters.
"65 toss power trap"....
They have a Qcom degree.
MO
loop
Loop IDCC is a woke company. The old sleepy mindset is in great peril in today’s business world.
It appears that Samsung is squabbling about products being covered in the Sony license. They have been a very loyal customer and actually saved our bacon while Apple and Nok were hosing us on a regular basis. If IDCC signs more electronics companies along the way, they could settle quickly because they hate putting lawyer's kids through school to get degrees in wokeness.
MO
loop
Gamco, it could be IDCC that wants to await a high court rate decision. It is possible that they want a per unit rather than a fixed rate.
What wonders to come in the life of IDCC. It is nice to see Panasonic and LG tv and appliance licenses.
Could it be that Samsung wants the resolution of the Motorola rate setting exercise to be completed before agreeing to a royalty rate with InterDigital?
Increase that div!!!
Almost 20 percent less shares from 5 years ago to distribute but div hasn’t moved accordingly!!!!
2023 has happily arrived. Go IDCC.
They sure are fans of buybacks over dividends.
I would prefer they up the dividend.
Only one thing to say - HOLY MOLEY!!!!!
looks like our boys are matriculating the ball downfield....a few observations....arbitration has had favorable outcomes for idc in the past...i welcome it in the samsung negotiations....licenses with consumer electronics companies are a positive as we capitalize on the IOT strategy.of the past five years...and lastly....WILL THERE BE ANY STOCK LEFT???......happy new year!!
InterDigital, Inc.
InterDigital, Inc.
WILMINGTON, Del., Jan. 03, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company today announced that it has agreed to renew its patent license agreement with Samsung Electronics. The parties will enter into binding arbitration to determine the final terms, including the amount payable by Samsung under the new agreement.
Samsung’s previous license to InterDigital’s portfolio of cellular wireless and video technologies expired on December 31st 2022. The new license will be effective from January 1st 2023.
“While we always prefer to conclude our license agreements through amicable good faith negotiation, independent binding arbitration provides an effective mechanism for resolving licensing disputes,” commented Liren Chen, CEO and President, InterDigital. “I welcome Samsung’s willingness to enter into a new license with us and their commitment to work through the remaining issues in arbitration.”
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
InterDigital signs patent license with LG Electronics
InterDigital, Inc.
Tue, January 3, 2023 at 6:30 AM EST
In this article:
IDCC
-1.63%
InterDigital, Inc.
InterDigital, Inc.
WILMINGTON, Del., Jan. 03, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company has signed an HEVC and VVC patent license with LG Electronics, a leading Korean-based manufacturer of various consumer electronics products. The license covers a range of LG products such as TVs and PCs.
“I am very pleased that LG Electronics, one of the leading manufacturers of consumer electronics products, has taken a license to InterDigital´s video coding portfolio and I look forward to a continued, mutually beneficial business relationship with the company,” said Eeva Hakoranta, Chief Licensing Officer, InterDigital.
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
InterDigital signs digital television and video patent licenses with Panasonic Entertainment & Communication Co., Ltd.
InterDigital, Inc.
Tue, January 3, 2023 at 6:30 AM EST
In this article:
IDCC
-1.63%
InterDigital, Inc.
InterDigital, Inc.
WILMINGTON, Del., Jan. 03, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company has renewed two patent licenses with Panasonic Entertainment & Communication Co., Ltd., a Japan-based manufacturer of digital televisions.
“We are delighted to continue our longstanding business relationship with Panasonic,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “These licenses, which cover our DTV and HEVC patents, were signed under our HEVC program, and under our joint digital TV licensing program which continues to deliver considerable value to InterDigital, our partner Sony, and to our licensees.”
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
InterDigital boosts stock repurchase program to $400M
https://seekingalpha.com/news/3921460-interdigital-boosts-stock-repurchase-program-to-400m?mailingid=30137481&messageid=2900&serial=30137481.214&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=30137481.214
Our crack licensing team did it again ! Really, any reason we have one????
And will we be collecting any money at all for the next 18 months. They can't even write an 8 k that makes sense!
"On January 1, 2023, InterDigital, Inc. (the “Company”) and Samsung Electronics Co. Ltd. (“Samsung”) agreed to have a panel of arbitrators establish the royalties to be paid by Samsung for a worldwide license to certain of the Company’s patents from and after January 1, 2023, as well as any other terms to a patent license agreement on which the parties are unable to agree. The determination by the panel will be in the form of a patent license agreement and will be final, binding and non-appealable, subject to certain limited exceptions. The parties have agreed to conduct the arbitration in a diligent manner. The Company expects the arbitration to conclude within approximately 18 months.
Each of the parties has also agreed not to initiate certain claims against the other party during the arbitration. Any licenses under our joint licensing program with Sony relating to digital televisions and standalone computer display monitors will not be included in the scope of the arbitration."
I guess we h at about the large Q4 payment in 1st Qtr 2023.
Richard Brezski
Yes, Anja, I’m happy to. I think the first thing I'll note is, as I alluded to on the prepared remarks, we do expect a large payment coming in Q4. So, it's always a big topic for us and will remain so. But our priorities remain to keep a strong balance sheet with the large payment coming in, it will only get stronger and with Apple now renewed it's at least comparatively less of necessity, but still a priority for us to maintain a strong balance sheet.
InterDigital : Reflections on a year of patent policy
InterDigital Inc. published this content on 29 December 2022
Today at 02:24 pm
INTERDIGITAL, INC.
If there's one big takeaway from patent policy in recent years, it's the extent to which standard essential patents (SEPs) are increasingly shaping the IP and, in some cases, the wider tech policy agenda in the U.S., Europe and Asia. That's not surprising given the importance of standardized technologies such as 5G, but it does also mean that policymakers need to tread extremely carefully to protect the balance between innovators and those who implement these technologies in their devices.
We began 2022 knowing that the patent policy landscape was going to change and leading the way was the move by the U.S. Patent and Trademark Office (USPTO), the Department of Justice's Antitrust Division and the National Institute of Standards and Technology (NIST) to withdraw a 2019 policy statement on SEP FRAND remedies. They also announced that a new draft policy statement would not be implemented and that the U.S. Government would review the conduct of SEP owners and implementer companies on a case-by-case basis.
This was a welcome development, not least because commercial disputes are best settled by the parties themselves or through some form of dispute resolution if the parties can't agree - not through government policymaking.
We're still waiting to see how that case-by-case approach might work in practice, but another encouraging development in the U.S. was USPTO Director Kathi Vidal's strong endorsement of increasing participation in global standards by U.S. headquartered companies. The development of 5G shows that this is badly needed since there are just two U.S. headquartered innovators - InterDigital and Qualcomm - among the leading developers of the 5G standard.
In a blog post in September, PTO Director Vidal wrote, "We must continue to encourage U.S. participation in standard-setting organizations and the efficient and effective adoption of those technologies by our industries, as part of our efforts to promote innovation in the standards space and drive sustainable, long-term growth in the U.S. economy."
I welcome the link between participation in standardized technologies and long-term economic growth, but I would argue more still needs to be done to explain how more robust patent rights provide the best incentives to innovators in areas such as 5G.
More also needs to be done to ensure that Chinese implementer companies do not holdout on taking a license to innovators' patent portfolios. This year I have been encouraged by moves by the European Commission to take action against the aggressive use of anti-suit injunctions (ASI) by some OEMs in the smartphone space, including several from China.
The Commission is pursuing a case at the WTO to investigate the issuance of these ASIs which are designed to prevent parallel cases in an SEP licensing dispute from being heard by courts in the U.S. and Europe. ASIs are not a new legal tactic, but their most recent incarnation represents an aggressive form of over-reach which the Commission is right to target.
While Europe's lead on ASIs is welcome, I have been alarmed by the direction that the EU appears to be taking in other areas in relation to SEPs. After a public consultation earlier this year on various matters related to SEPs, the rumors out of Brussels are that policymakers are considering asking innovators to conduct overly burdensome essentiality checks on the SEPs in their portfolios. This would add an incredible amount of time and money to companies and research organizations who are already often out-gunned financially by implementer companies and would potentially give those holding-out on taking a license yet another means of delaying in paying up for the technology they use.
If the Commission is set on this course, then I want to be very clear that it cannot only be the innovators who have to take on this burden and any essentiality checking system cannot be open to abuse by implementer companies. Additionally, if the Commission pursues this policy, safeguards must be put in place to guard against patent holdout by implementer companies. European courts have led the way recently in highlighting the problem of holdout while the continent's innovators have played a central role for decades in advancing connectivity. The EU must not now shoot itself in the foot over poorly designed policy.
Keeping a very close eye on the direction that Europe takes on SEPs is at the top of my priority list in 2023 as standardized technologies are only becoming more valuable as we see more and more sophisticated levels of connectivity implemented across a growing number of industries. The stakes are once again high as policymakers ring in the new year.
Now, if I had one wish for 2023 (apart from the Washington Capitals winning another Stanley Cup), it would be that those in power recognize the immense value of strong patent rights and how strong patent rights incentivize and enable innovators to build on the technologies that have come before them. The kind of foundational research that engineers at InterDigital and elsewhere engage in is painstaking work and takes years to pay off. Appropriate protection for our innovation provides us with some guarantee that we can continue to invest in our engineers and help drive a new era in connectivity.
That's worth remembering no matter where you sit on the political spectrum.
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InterDigital Inc. published this content on 29 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 December 2022 13:23:07 UTC.
Another day in the life of IDCC. Things that make you go hmmm!
“Did IDCC say the money they were expecting was related to Samsung relicensing?”
It sounded to me like the money was for whoever they already signed up with but the money wouldn’t be booked until this quarter. They already said the money was coming so I wouldn’t expect them to put out a PR when it actually showed up. Everything we need to know will be in the 10q. Nothing to get worked up over.
I would like to hear that Samsung renewed though. Don’t know why a rate hasn’t been set yet either with their other litigation.
Hope your enjoying the holidays.
No they did not. I am nearly certain the $400 million receivable they expected to collect in the 4th quarter has to mostly be Apple.
And then the 30th and 31st. If not this month then maybe next month and year.
Did IDCC say the money they were expecting was related to Samsung relicensing?
I believe IDCC is likely wanting to include consumer electronics in the new license. I am sure this would make negotiation more difficult. I was hoping they could get it done before the last wireless license expired, but it is not looking good. Tomorrow is the last possible day. As always with IDCC we rely on hope.
Well, today is Dec 29 :)
Smells like they may be having some trouble with Samsung
Zdog, then why bother to mention it during the qtrly call. If it was worthy of mentioning then it seems to me it would be worthy of mention upon receipt. The allocation of the funds can be discussed during the 4th qtr call in January or February, whenever it is held.
Why do you think they would report on it. I believe Apple would be making a large cash payment.
Only 3 1/2 days left to report on the receipt of the large amount of revenue mentioned on the 3rd quarter conference call.
InterDigital, Inc. (NASDAQ:IDCC) is a favorite amongst institutional investors who own 85%
ITo get a sense of who is truly in control of InterDigital, Inc. (NASDAQ:IDCC), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 85% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait.
.
To get a sense of who is truly in control of InterDigital, Inc. (NASDAQ:IDCC), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 85% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait.
Let's delve deeper into each type of owner of InterDigital, ship-breakdown
What Does The Institutional Ownership Tell Us About InterDigital?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
We can see that InterDigital does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at InterDigital's earnings history. Of course, the future is what really matters.
Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. InterDigital is not owned by hedge funds. Our data shows that BlackRock, Inc. is the largest shareholder with 17% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 12% and 3.9%, of the shares outstanding, respectively.
We also observed that the top 10 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Insider Ownership Of InterDigital
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own some shares in InterDigital, Inc.. The insiders have a meaningful stake worth US$26m. Most would see this as a real positive. If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling.
General Public Ownership
With a 13% ownership, the general public, mostly comprising of individual investors, have some degree of sway over InterDigital. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Case in point: We've spotted 2 warning signs for InterDigital you should be aware of, and 1 of them can't be ignored.
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
Anyone know from whom or where the big pile of money expected Is coming from. I am referring to o what was said on the earnings call.
I am hopeful that a new license with Samsung includes a video component which should add respectable value.
Merry Christmas longs!
You are right, it could still happen. I know management wants that huge bonus that goes with it.
Happy Holidays too you too.
Happy holidays one and all.
Zdog it’s possible they license them before the end of the year. Hoping anyway.
I was really hoping they would have renewed Samsung by now.
Vegas - Thanks, I don't follow the options trading like I used to before I retired. Merry Christmas.
Gamco, the options last Friday were small.
Teecee56 - Sorry I don't know about the open options positions last Friday. Merry Christmas.
hi glen....just saw this...do you know if there were big open options positions going into that expiry?...that seems pretty large....it would be interesting if that trade was really an arranged block cross.....merry christmas everybody!!!
Trickledown - Friday (12/16) was options expiration day for IDCC (also a triple witch option expiration day for the market). Short interest was just over 2 million shares as of 11/30 so I would expect that a lot of those shorts closed their position primarily due to the new coverage by Jefferies sporting a $80 price target.
Selling for tax related reasons ends at the end of December so it may be easier for the price of IDCC to rise. This would provide the shorts with another reason to close out their position. JMHO
Does anyone have an answer for the crazy volume + price moves Friday afternoon & in to after hours.
1.1 million shares. Price popped, then dropped. Thanks.
Since IDCC is currently staffed with ex-qcom personnel and XCOM director, is XCOM looking at IDCC for its cash as well as listing potential?
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