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InterDigital Issues Preliminary Financial Results for Fourth Quarter 2022
Company Release - 1/19/2023
WILMINGTON, Del., Jan. 19, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced selected and unaudited preliminary financial results for the quarter ended December 31, 2022.
The company expects total revenue to be approximately $114 million, including recurring revenue of $101 million. The update from the company's prior expectation of $98 to $102 million was driven primarily by new agreements signed in the second half of the quarter.
The company expects operating expenses to be approximately $79 million, updated from its previous expectation of $76 to $79 million.
The company expects net non-operating income1 will be approximately $1 million, updated from its previous expectation of net non-operating expense1 of $4 to $6 million. The increase in the company’s expectation was driven by higher interest income, as well as foreign currency gains.
Net income2 is expected to be approximately $28 million, or $0.93 per diluted share.
Adjusted EBITDA3 is expected to be approximately $60 million.
Cash and cash equivalents, restricted cash and short-term investments are expected to total $1.2 billion as of December 31, 2022, and include approximately $400 million of customer receipts during fourth quarter 2022.
The company has not yet finalized its financial results for the quarter and full year ended December 31, 2022. These preliminary financial results reflect the company’s current estimates, based on information available to management as of the date of this release, and are subject to further changes upon completion of the company’s standard quarter and year-end closing procedures. This update does not present all necessary information for an understanding of InterDigital’s financial condition as of the date of this release, or its results of operations for the fourth quarter and full year ended December 31, 2022. As InterDigital completes its quarter-end and year-end financial close processes and finalizes its financial statements for the quarter and year-end, it will be required to make significant judgments in a number of areas and expects to receive new information including customer royalty reports for periods ended December 31, 2022. It is possible that InterDigital may identify items or receive new information that require it to make adjustments to the preliminary financial information set forth above and those changes could be material. InterDigital does not intend to update such financial information prior to release of its final fourth quarter and full year ended December 31, 2022 financial statement information, which is currently scheduled for Wednesday, February 15, 2023.
Conference Call and Webcast Information
InterDigital executives will host a conference call on Wednesday, February 15, 2023 at 10:00 a.m. Eastern Time (ET) to discuss the company's performance.
For a live Internet webcast of the conference call, visit www.interdigital.com and click on the “Webcast” link on the Investors page. The company encourages participants to take advantage of the Internet option.
For telephone access to the conference call, visit www.interdigital.com and click on the “Dial In Registration” link on the Investors page. Registration is necessary to obtain a dial in phone number and PIN to join.
An Internet replay of the conference call will be available on InterDigital’s website under Events in the Investors section. The replay will be available for one year.
FWIW, On the IAM platform this week, we reported on the latest development in Nokia and Oppo’s global litigation spat. A ruling from the English High Court found that the UK section of Nokia’s European Patent EP2981103 is standard essential, infringed and valid, we said, adding that this clears the path for judges to proceed with a FRAND hearing,
Monterey to get patent decision in IDCC favor vacated,
What is the purpose of Lenovo’s motion?
Dockets
January 13, 2023 00:00
Declaration
Document: 302
DECLARATION re 300 MOTION to Sever MOTION to Stay Interdigital's Patent Infringement Claims -- Declaration of Leif Peterson -- by Lenovo (United States) Inc., Lenovo Holding Company Inc., Motorola Mobility LLC. (Attachments: # 1 Ex. A - 5G Extended License Offer, # 2 Ex. B - One Blue, Order-re Bifurcation of FRAND-and-liability-issues)(Smith, Rodger)
January 13, 2023 00:00
Brief - Opening Brief in Support
Document: 301
OPENING BRIEF in Support re 300 MOTION to Sever MOTION to Stay Interdigital's Patent Infringement Claims - filed by Lenovo (United States) Inc., Lenovo Holding Company Inc., Motorola Mobility LLC.Answering Brief/Response due date per Local Rules is 1/27/2023. (Smith, Rodger)
January 13, 2023 00:00
Sever Stay
Document: 300
MOTION to Sever , MOTION to Stay Interdigital's Patent Infringement Claims - filed by Lenovo (United States) Inc., Lenovo Holding Company Inc., Motorola Mobility LLC. (Attachments: # 1 Proposed Order)(Smith, Rodger)
January 13, 2023 00:00
Letter
Document: 299
Letter to The Honorable Joshua D. Wolson from Neal C. Belgam regarding Trial Scheduling. (Belgam, Neal)
I am thinking we do not get theUK Worldwide Frand rate until the IDCC and Lenovo appeals are adjudicated to judicial decision.
Benefits of 5G at the Edge
JANUARY 10, 2023 / POSTED BY: ROBERT GAZDA, SENIOR DIRECTOR AT INTERDIGITAL
In a relatively short time, edge computing has progressed from a novel idea to commercial reality, with great potential to transform 5G into a vastly more powerful technology. As 5G matures, it’s important to explore edge computing and the potential it can unlock for connected ecosystems.
For 50 years, InterDigital has been a consistent contributor throughout each generation of wireless evolution, and today, we are engaged in ETSI Multi-Access Edge Computing (MEC) and in the 3GPP edge standardization process, for example helping to introduce an edge enablement service layer within Releases 17 and 18.
Edge computing is a critical technology that will both supplement 5G capabilities and complement 5G networks. As we examine the applications and use cases enabled by the edge, three key benefits come into clearer focus.
Benefit 1: Low Latency
The most apparent benefit of edge computing is its ultra-low latency as critical network and device processes take place much closer to the user at the network edge. Today, network operators and hyperscalers are embedding computing and storage resources at the network edge, and will soon offer additional capabilities including GPUs, AI resources, and other advanced services.
The low latency benefits could have varied impacts for different applications, all dependent upon where the network edge is located (whether on-premises, cell-site, network aggregation point, or central office, etc.), what applications are being prioritized, or what tier of edge computing to allocate to each use case.
For example, when considering the location of the edge for optimal ultra-low latency benefits versus cost or capacity, the needs for XR immersive gaming applications may differ from industrial machine-control applications. In XR gaming, video rendering is a critical function that is computing heavy and can be realized at the edge to enable new devices, such as lightweight XR glasses. XR rendering demands end-to-end latency in the order of 10-20 milliseconds. In contrast, industrial edge machine control applications will require end-to-end latency of less than 10 milliseconds. End-to-end latency includes network delay and application compute processing. These more complex applications, like the industrial example, will require edge compute capabilities to be deployed on-premises and even on mobile devices to work well. Other use cases can allow over 20 milliseconds of latency and can thus leverage a hybrid edge deployment or even a public network slice.
A tangible takeaway on the latency benefits provided by edge computing is that it eliminates the need for a one-size-fits-all approach to network provisioning for different use cases. As we hone the technology and customize the infrastructure to provision different edge computing designs for different cases, each edge deployment can leverage the aspects that best suit its specific needs.
Benefit 2: Local Processing
Local processing, or the ability to process huge volumes of data nearby the device instead of within a cloud resource, is a hugely beneficial edge computing model.
For example, an industrial IoT application may require a significant amount of sensing, largely through high-volume-producing sensors like video or LiDAR. Whether it’s a video sensor on a production line looking for manufacturing defects or a LiDAR sensor that uses AI processing, the addition of each sensor adds huge amounts of data and it may very quickly become impractical (and expensive!) to send all the data to a cloud server.
Local processing provides a practical solution to address this massive demand and ensures network operators don’t have to transmit large swaths of data over long distances -- both delivering obvious security benefits and improvements to overall system efficiency and cost.
Benefit 3: Proximity
In an edge context, proximity refers less to the closeness to the network edge for latency or efficiency purposes, and instead is more regulatory and data sovereignty focused.
As an example, the U.S. has recently experienced a proliferation in online gambling, with a growing number of virtual users and a patchwork of vastly different state and local regulations governing the online activity. In this instance, the data and computing of those operating the gambling may be required to be physically located in a specific state to comply with local regulations. Similarly, in the EU, the GDPR requires storage of personal data to remain in the EU. In some use cases, like healthcare, privacy and security requirements extend further and necessitate local on-premises edge processing and data storage.
Edge Intelligence, the intersection of Edge Computing and AI, is especially useful in the context of proximity. Private and sensitive data is stored and maintained at the edge, perhaps in a hospital. Edge Intelligence models execute localized training and inference on the private edge data, keeping it anonymized, while exchanging derived knowledge with the cloud.
The Edge and 5G: Points of Intersection
To better predict how 5G and edge computing will collaborate and entwine in the future, it’s important to explore how application developers are leveraging the edge computing ecosystem today.
In fact, the most significant level of traction is happening inside private 5G networks, often deployed in enterprise settings for a specific application or vertical. 5G private networks are often seen as "silos" because they aren’t interconnected in the same way as public networks. Due to localization in enterprises, they may hold the greatest potential for edge computing in the nearer term.
Another emerging example can be found in the ways edge computing is leveraging public telecom networks. A prominent example of this is AWS Wavelength, which places Amazon’s compute, storage, and developer services within 5G networks. In partnership with Verizon, the Wavelength platform allows application developers to use Verizon’s 5G network to deploy low-latency edge applications. Though AWS Wavelength service is available in limited locations, this is an exciting development for industry.
As industry progresses toward 5G Advanced and 6G, the fabric of edge computing will become more intertwined and closely knit with communications technology.
A critical opportunity remains in encouraging application developers to imagine and implement the use cases that will make edge networks most valuable. InterDigital is proud to have been awarded contracts to help the European Telecommunications Standards Institute (ETSI) develop, launch, and maintain the ETSI MEC Sandbox to help app developers interact with edge computing APIs and experiment with edge-native applications. As an example, application developer teams utilized the MEC Sandbox to compete in the ETSI & LINUX Foundation Edge Hackathon - 2022 hosted at the Edge Computing World Conference in Silicon Valley. This environment is driven by InterDigital's open-sourced mobile edge emulator, AdvantEDGE.
Over time, the edge ecosystem will continue to grow into a large, multi-domain ecosystem with many platforms, providers, and operators contributing solutions to specific and local network needs. As we approach this future, InterDigital remains engaged with industry partners, academia, and standards bodies to achieve the greatest potential for the edge under 5G and in the future 6G
in the not too distant future....share-count could approach 25myn with the increased buyback....at that point $120 per share...would be around 3byn....doesnt sound like too much to me....given that it comes w/ cash and a long term proven track record and is still at the cutting edge of wireless technology and with new lines of business(video)....plenty of companies with none of that ...trade for a whole bunch more
Yes, I was thinking maybe the purchase of IDCC would be cross licensing protection with some additional revenue on other patents for Apple.
monterey....usually in a situation like this....a prospective "new" chip maker....might want to purchase some patents that pertain to the subject at hand...as a strictly defensive measure....with only 28 million shares outstanding......defense is available for a decent price..
So Apple just wants to build its own chips but still pay QCOM licensing fees for QCOM technology? Just asking.
I doubt Apple wants to get in the licensing business, especially against some of its competitors, jmho
Apple to ditch Broadcom, Qualcomm for in-house chip development...Is this the purpose of the IDCC stock buyback for Apple to buyout IDCC?
Apple to ditch Broadcom, Qualcomm for in-house chip development: Reports
Yahoo Finance's Dan Howley explains why Apple is looking to move its chips and displays in-house.
Apple to ditch Broadcom, Qualcomm for in-house chip development: Reports
Video Transcript
RACHELLE AKUFFO: Apple hinting at its all-in-one future with recent moves to bring more manufacturing in-house. Now the tech giant developing its own versions of everything from wireless chips to displays. The move is likely part of CEO Tim Cook's plans for the company's future. Yahoo Finance's Dan Howley has more. And Dan, we've been following this. We were just talking about the chips yesterday.
DAN HOWLEY: That's right, Rachelle. This is, yeah, just on the back of the announcement or the news that Apple is likely going to ditch Broadcom, as well as Qualcomm, in the upcoming iPhones that they'll launch there, now reportedly looking at building out their own display technologies. Now, it's important to note that they're not going to actually build the displays. They're going to be designing them.
But this is still a huge blow to the likes of LG and Samsung, which currently do all of that for Apple. What this really means is that as you said, they're trying to bring more and more of the design process for their technologies underneath their own roof. We already have the chips that they offer, the M1, M2, M1 Pro, and One Max. Those you can find in the Mac and MacBook line of products. They already offer their A15 chips that we have in the current iPhones.
The A line of chips has been going on for some time. They're looking at those modems. They're looking at those Bluetooth chips. And now it's the displays. The displays in particular, however, are expected to start on the Apple Watch. And that's pretty much a smaller platform for them to get started on. According to this report, they're going to be using a type of technology called micro-LED. They currently use OLED technology on both their smartwatches and their smartphones. That's really just a great kind of tech overall. My TV's got it, so it's awesome.
Basically means better colors, as well as deeper blacks. LCD technology, the kind that you have or regular LED technology that you have on your average laptop display, is not as good as far as colors go, but is brighter. Now this micro-LED technology kind of takes the best of both worlds. It's bright and offers those great colors. So it'll be interesting to see what this looks like on a watch and a smartphone down the line.
But as I said, this is all part of that strategy of trying to bring everything in-house. Tim Cook is the architect of their supply chain, as we see it now. He started laying that out prior to being CEO. And so we can expect him to continue to make moves like this. It just depends on where else we could see it.
RACHELLE AKUFFO: Absolutely. We'll be keeping an eye on that. A big thanks, Dan Howley there reporting for us.
Thanks, I like the expected imminently!
5G - Everything stems from the 4G "trunk."
This is from Qualcomm's blog - I think that it shows that IDCC's 4G litigation still
means a lot for the future:
<<The trunk of this 5G tree is made up of technologies that are the foundation for 5G mobile broadband. Many of these technologies played a key role in 4G (also known as LTE) and gave us the mobile streaming, high-speed downloads, and massive numbers of connections that we all take for granted today.
Qualcomm’s innovators were the pioneering force behind 4G’s foundations, developing:
The fundamental radio transmission technique (based on orthogonal frequency-division multiplexing, or “OFDM”) that 4G is built upon
Multiple-access schemes that defined how phones connect to the 4G network
Carrier aggregation concepts that supercharged 4G data speeds by operating different pieces of spectrum simultaneously
The use of multiple-input multiple-output antenna technology frameworks called “MIMO” to vastly boost data rates and reliability and several others, including power control and multiplexing concepts, which themselves were rooted in our technologies that defined 3G
In 5G, Qualcomm once again played the role of technology innovation leader, contributing important new ideas and expanding on this 4G base layer. For example:
Using OFDM with greater flexibility and adaptiveness to network and spectrum conditions
Adding a scalable numerology framework to be able to use the same system for everything from tiny IoT devices to cars to everything in between
Using millimeter wave spectrum, never utilized previously for cellular access, for lightning-fast speeds and mobility
Advanced channel coding to further optimize how very large amounts of data can be sent over the radio waves and decoded efficiently by mobile devices
Evolving 4G’s MIMO framework to “Massive MIMO” techniques to greatly boost coverage, data rates, and reliability
These Qualcomm inventions at the core of the 5G standard underpin modern cellular communications in everything from the simplest connected parking meters to your smartphone, to the world’s most advanced autonomous factories. This is why we consider them to be the trunk of the 5G tree.>>
https://www.qualcomm.com/news/onq/2022/12/why-qualcomm-is-the-true-leader-in-5g
Paullee I hope the UK FRAND rate is worthy of the patent essentiality and decision time wait.
from Law 360
FRAND Cases
The U.K.'s status as the go-to jurisdiction for setting fair, reasonable and nondiscriminatory, or FRAND, rates for global patents of standard-essential patents was established by the Supreme Court's 2020 judgment in Unwired Planet International Ltd. v. Huawei Technologies Co. Ltd.
However, since then there has been no SEP dispute culminating in a rate-setting judgment. That looks set to change in 2023 with two FRAND rate setting judgments currently outstanding. FRAND judgments in InterDigital Technology Corp. v. Lenovo Inc. and Optis Cellular Technology v. Apple Inc. are expected imminently. The decisions are likely to be significant for SEP licensing negotiations and future SEP litigation.
The Nokia Technologies Oy v. OnePlus Technology (Shenzhen) Co. Ltd. patent litigation is also expected to continue in 2023 following the Supreme Court's decision in November to refuse OnePlus, a Guangdong OPPO Mobile Telecommunications Corp. Ltd. subsidiary, permission to further appeal its unsuccessful jurisdiction challenge.
The Court of Appeal has determined that England is an appropriate forum for resolving the patent infringement cases brought by Nokia and that a stay is not warranted despite Oppo having requested the People's Court of Chongqing in China to determine a global FRAND license for Nokia's portfolio.
Read more at: https://www.law360.com/articles/1561130/a-look-ahead-at-key-uk-intellectual-property-cases?copied=1
I just saw a news piece that the drones being used by Russia to attack Ukraine use Ublox chips.
Only 10 shares traded at that price, the rest were at $58.28 in after hours.
InterDigital : As demand for high-definition streaming media grows, InterDigital's Erik Reinhard details innovative solutions for a more sustainable future
Today at 07:14 pm
INTERDIGITAL, INC.
58.58 USD +0.83%
In addition to being a Distinguished Scientist and impactful inventor of video and HDR solutions, InterDigital's Erik Reinhard is passionate about the sustainability of the foundational technologies we develop, and is driving critical efforts to incorporate greater energy awareness across video standards bodies. In his latest article in TV Tech, Erik outlines how certain technological advances are helping to make sustainability within the broadcast industry and production media more achievable. Read his full article Minimizing the Environmental Impact of Broadcast and Streaming Technology, here. Attachments Original Link Original Document Permalink Disclaimer InterDigital Inc. published this content on 06 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2023 18:12:45 UTC. ...
dont have the information i used to have....why we up over 60 in the after hours.....is it 5 o'clock charlie time again??....teehee
Samsung may be trying to squeeze IDCC for a better rate due to its own declining profitability over the past 3 months.
Samsung profits plunge as demand for gadgets slows
The only reason that IDCC has not placed their cash in interest being treasuries yielding 4.7% is that they would have to report it as their 4th largest license....
Don't recall reading f IDCC is at the Consumer Electronics Show in Las Vegas this year.
<<I agree I’m not greedy>>
rooster, thanks, that's good to know. But I'm also curious if you
know how to fly a F-18 fighter jet and play the piano.
Or could that be someone else? LOL!
PS: I just saw the movie on Paramount streaming and it's fresh in my mind.
To me, it was a good diversion from all of the difficulties in the world
right now with the tough markets, war in Ukraine (which will probably
make things worse as it gets worse in my view), etc., etc.
But I just sold some more puts on IDCC (in addition to my core stock
holdings) because I think that there's some sort of floor here regardless
of the markets at large. I'm the one who just sold the March 57.5 puts
for $3.70!
Nasty IDCC sued again - anyone want to read the suit let me know
InterDigital Sued Again Over Cellular Tech Licensing Rates
By Andrew Karpan · case 23CV0002
Law360 (January 4, 2023, 8:16 PM EST) -- A Swiss chipmaker is going to federal court in California all over again with accusations that InterDigital Inc. is breaking antitrust laws by demanding unfairly high royalty rates to license patents considered essential to 3G and 4G cellular tech standards.
The latest lawsuit from the Zurich company U-blox AG was entered on Tuesday and accuses InterDigital of breaking commitments to the European Telecommunications Standards Institute, a standards-setting organization, by failing to license its patents to U-blox on "fair, reasonable and nondiscriminatory," or FRAND, conditions.
According to the suit, the Wilmington, Delaware-based InterDigital has collected "approximately 2,400 U.S. patents and 11,500 non-U.S. patents" and is now demanding "royalties that are discriminatory and far higher than FRAND rates."
U-blox, which makes microchips for wireless mobile devices, now wants a court in California to set what a fair licensing rate would be, and to issue an injunction "stopping InterDigital from wrongfully interfering with U-blox's customers and downstream manufacturers."
Much of the language in the lawsuit describing InterDigital's licensing practices was largely identical to language in an earlier lawsuit that the same U-blox lawyers at Sheppard Mullin Richter & Hampton LLP filed against InterDigital in 2019.
Notably, the U.S. Department of Justice's Antitrust Division had quickly weighed in to that suit, telling the court that the agency planned to argue that the Swiss company's reading of antitrust laws would "unhelpfully distort licensing negotiations" and "risks undermining the incentives for innovation."
But the two companies settled later that year, before the agency's lawyers could file an official statement with the court arguing that U-blox's allegations didn't trigger their reading of antitrust law.
In the years since, leadership at the DOJ has changed.
Since taking office, Biden administration officials there have discarded a number of the Trump-era policy statements that either endorsed or discouraged seeking injunctions based on standard-essential patents, which some say has now given courts more flexibility to weigh those antitrust issues in each case.
Details about the terms or length of the deal that ended the first lawsuit were largely redacted in U-blox's complaint, but the lawsuit claims that those terms nonetheless demonstrated "to InterDigital that U-blox is ready and willing to enter into a FRAND license with InterDigital on similar terms as the previous license."
"Unfortunately, however, InterDigital is again refusing to negotiate in good faith with U-blox for a license on FRAND terms," the suit says.
Representatives for both companies did not return a request for comment.
U-blox is represented by Martin Bader, Ryan Patrick Cunningham, Stephen S. Korniczky, Ericka Jacobs Schulz and Mona Solouki of Sheppard Mullin Richter & Hampton LLP.
Counsel information for InterDigital was not currently available.
The case is u-blox AG et al. v. InterDigital, Inc. et al., case number 3:23-cv-00002, in the U.S. District Court for the Southern District of California.
--Additional reporting by Bryan Koenig and Ryan Davis. Editing by Melissa Treolo.
Case No. COMPLAINT FOR: (1) Breach Of Contract; (2) Declaratory Judgment; (3) Antitrust Monopolization In Violation Of Section 2 Of The Sherman Act; and (4) Declaratory Judgment of NonInfringement of U.S. Patent No. 8,155,067. JURY TRIAL DEMANDED '23CV0002 BEN DEB
Tv licenses with Samsung and Lg should be profitable for IDCC based on this 2021 sales number for each.
The sales of TVs worldwide in the first quarter of this year was unsurprisingly dominated by Samsung Electronics and LG Electronics, which garnered for themselves respective market shares of 32.9% and 19.2%. In combo, that would make it 52.1%, and that would mean 1 in 2 TVs sold in the first quarter of this year would belong to the stable of either of the two brands.
LG sold a total of 7,279,000 units, including OLED and LCD, in the global market. This is an increase of more than 15% from last year's numbers in the same period.
Samsung, backed by the demand for its Neo QLED, sold 10 million QLED TVs this year.
Samsung, which has topped the TV sales for 15 consecutive years till last year, sold a total of 11,615,000 units in the first quarter, an increase of 11.1%.
In the first quarter, a total of 2,680,000 QLEDs were sold in the global TV market, an increase of 74.3% from 1.54 million units in the same period last year. Of these, Samsung's contribution is about 2,010,000 units.
Samsung has a market share of 46.5% in the 75-inch or larger super-large TV market. It accounted for 52.4% in the 80-plus inch market.
InterDigital (IDCC) Inks Multiple Patent License Agreements
IDCC
+4.25%
Zacks Equity Research
Wed, January 4, 2023 at 10:16 AM CST
In this article:
InterDigital, Inc. IDCC recently inked a slew of patent license renewal agreements with Samsung Electronics and Panasonic Entertainment & Communication Co., Ltd. for an undisclosed amount. In addition, it signed an HEVC (High Efficiency Video Coding) and VVC (Versatile Video Coding) patent license agreement with LG Electronics. The multiple licensing deals underscore the healthy momentum of its licensing portfolio, which includes some of the biggest industry stalwarts.
Samsung had a licensing deal for InterDigital’s portfolio of cellular wireless and video technologies, which expired on Dec 31, 2022. The renewal of the contract will enable this South Korea-based multinational electronics corporation to continue using its technology without any dispute. Panasonic also renewed two patent license agreements relating to HEVC technology. The new license agreements with LG Electronics cover a plethora of LG products, such as TVs and PCs, for a mutually beneficial relationship.
InterDigital’s commitment to licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is laudable. It has leading companies, such as Huawei, Samsung, LG and Apple, under its licensing agreements. Consequently, the company expects to generate solid recurring revenues from the patent licensing business in the forthcoming quarters as well.
InterDigital’s global footprint, diversified product portfolio and ability to penetrate different markets are impressive. Apart from the company’s strong portfolio of wireless technology solutions, the addition of technologies related to sensors, user interface and video to its offerings is likely to drive significant value, considering the massive size of the market it licenses. Furthermore, the company remains committed to pursuing acquisitions to drive its product portfolio and boost organic growth.
The company is focused on pursuing agreements with unlicensed customers in the handset and consumer electronics markets. InterDigital aims to become a leading designer and developer of technology solutions and innovation for the mobile industry, IoT and allied technology areas by leveraging its research and development capabilities, technological know-how and rich industry experience. At the same time, it intends to enhance its licensing revenue base by adding licensees and expanding into adjacent technology areas that align with its intellectual property position.
Additionally, more and more companies are increasingly offering the work-from-home option to employees to ensure their safety and well-being. Several firms are also providing a secure and connected workplace setup through quick onboarding and enablement services to support the seamless continuity of businesses and enable employees to fulfill their professional obligations. This, in turn, is likely to create new revenue-generating opportunities for InterDigital, as humans become solely dependent on the digital platform to stay connected not only for their professional lives but also for online education, shopping, dining and entertainment.
The stock has lost 21.7% over the past year compared with the industry’s decline of 33.3%.
T: is he still employed at Merrill?
IDCC is undervalued, the street does not get the model,
IMO...BoA/Merrill is not interested in owning IDCC stock. BoA just wants to collect the interest payments. IDCC is on its own to get the share price at or above the strike price. Hopefully a positive outcome from the Lenovo litigation and Samsung arbitration will propel the IDCC to that price and beyond.
Maybe the Merrill analyst used his comments to lower the price, bought at lows, and now is selling at the higher prices, thus reaping good gains.
Just another way of manipulating the share price.
JMO
wonder what our boa/merrill analyst has to say about these recent developments....you would think a guy so boldly negative when he came on the scene....would come out and say something....either reconfirming his initial analysis of idc's future prospects....or saying that maybe i wasnt exactly as well informed as i should have been when i made my initial report....and i am reassessing the current future prospects for idc....or something to that regard.....we're waiting!!!!
With this new increase in share buyback, I am wondering why IDCC wants to buy back about an additional 15-20% of its outstanding shares. My conclusion is that it’s not about a potential buyout of IDCC by maybe Apple or Qualcomm or possibly taking IDCC private, instead it’s about minimizing the dilution of the stock if/when the stock price reaches the strike price on the BofA loan and converts to shares.
Perhaps you should be discussing why BOD approved a huge jump in share buyback instead of Mickey dreams. Let's hope they went through & bought at the start of the day.& why they felt the need to push a much bigger buyback.
Doesn't Wall St have a value of $80 or so.
Follow the volume, see how long it lasts, it lasted a while in the run to $100.
I agree I’m not greedy
LOL, no I'm not but I miss ol' Mickey. He had his opinions and sometimes went a little off the rails but he added a lot of life to the board - which has been pretty quiet for a long while. Didn't know Mick personally but I'd bet if he was your friend he'd never let you down.
So true! Do you or anyone recall whit his 'high' share price target was?
There was only one Mickey!
rooster: I would take $100 at this point and be elated !
squingeqbob: Are you a reincarnation of Mickeybritt who kept on pushing a $200 stock price?
4x from here, not to far, they have a good line of revenues and solid growth , I suppose the engineers would fit in as an asset as well ?
idc once again showing its chops as....THE BEST TECH STOCK TO OWN IN A BEAR MARKET FOR TECH STOCKS.....im pretty excited about what we heard today on many fronts....havent felt that way in a long time about this company....happy new year!!
Why not, as long as we are dreaming.
I would be quite happy with Squinge’s
$200, since we are dreaming.
I think our UK court case will speed up , settlements, and clear up the rates
Rather than a buyout I prefer to increase the revenue and licensee’s. A billion a year or more a year with a 20 to 30 multiple would greatly enhance the share price.
Better be a 150.00 buy out
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The principle objective of the iHub message boards is to maintain a high signal-to-noise ratio while encouraging the exchange of all points of view. Moderators are an important part of making our message boards beneficial to all participants and readers. Moderating a stock-specific board, particularly those which are controversial due to many divergent perspectives or newsworthy events, can be a challenging and time consuming role. The time and effort expended by our Members who volunteer their time to fulfill this valuable role is greatly appreciated and our Moderators should be treated with the respect they deserve for donating their time and efforts to the collective benefit of our community. Company-specific boards are the lifeblood of iHub. The Moderators' role is simple to define for company-specific boards:
To promote the civil exchange of on-topic dialog that complies with the Investors Hub Terms of Service. |
It is no accident that neither the above definition nor the Terms of Service makes mention of investment sentiment, shareholder interests, or considerations such as "the good of the company." That is because the TOS are blind to investment sentiment. In order to be a successful Moderator and conduct a board within the scope of iHub's TOS, it is critical that Moderators distinguish their role and privileges as Moderator from their role and privileges as a posting Member. That is often easier said than done, particularly on active boards with both the typical and atypical controversy.
If a post does not fit into any of these categories the post must not be removed.
Some posts fall into a "gray" area and are borderline depending upon the way they are read. As inclusion is favored over exclusion, please err or the side of not removing posts if they are not clear violations. Please use the "Report TOS Violation" button at the bottom of the post with your comments if the post is not egregious in nature and Site Admins will review the message.
Bottom line: Please use your best judgment in removing posts based on the above guidelines and let us know if you have any questions or need any help. And keep in mind that post removal and non-removal have to be given the same emphasis. It is not permissible, for example, to remove a post that calls someone a "pumper" while not also removing a post that calls someone a "basher". Investor sentiment, including your own, can NOT be part of the removal/non-removal decision.
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