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InterDigital’s Alec Brusilovsky Elected Vice Chair of the ETSI Industry Specification Group on Securing AI
Company Release - 6/1/2023
WILMINGTON, Del., June 01, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, announced the election of R&I Principal Engineer Alec Brusilovsky to Vice Chair the ETSI Industry Specification Group on Securing Artificial Intelligence (ETSI ISG SAI).
The European Telecommunications Standards Institute (ETSI) is comprised of a variety of committees and industry specification groups that contribute to the study and understanding of critical technologies or features before they are considered for standardization. The ETSI ISG SAI explores three key areas, including the use of AI to enhance conventional security, how to mitigate against AI-generated attacks, and ways to secure AI from attack. Amidst the growing interest and commercial utilization of AI/ML tools, the ETSI ISG SAI works to create standards to preserve and improve the security of AI.
“The AI landscape is rapidly evolving, and we have great faith in Alec’s leadership as Vice Chair of the ETSI ISG on Securing AI as he contributes his expertise to shaping nuanced and necessary standards to uphold the security of AI,” said Rajesh Pankaj, CTO, InterDigital. “AI holds revolutionary potential for our technologies and the ways we interact, and through Alec’s leadership and our continued research, we are committed to stay at the forefront of this dialogue and efforts to shape the standards that help define our future security.”
Alec has been contributing to the ETSI ISG SAI since 2020, and while serving as Rapporteur for the group, he led three study items dealing with different facets of AI security, including the role of hardware in AI security, privacy considerations of AI/ML systems, and security considerations of using AI/ML techniques in the telecoms sector.
Alec will begin his two-year term immediately, serving alongside vice-chairs from Huawei and SBS, with Cadzow Communications chairing the industry specification group. You can learn more about the ETSI ISG SAI here.
TC, came for happy hour, stayed, and still there…last trade of the day.
Monterey...did 5 o'clock charlie wave to the crowd??
AND THEN....and then ...and then....teeeheee
IDCC share price is up $2.46 in after hours market but only 1 share traded at that price. 5 o’clock Charlie?
My3sons87 - About 275k shares changed hands during the last few minutes of trading today with the stock price sprinting to the up side for the final business day of May. The company made it clear during the last webcast that they "... weren't done buying yet". At that point in time, there remained $175m available in the authorized buy back and I believe that they have been chipping away at it.
I also believe that there are some pleasant surprises on the video side of wireless and AI.
leon...a little back and fill is ok...we've just come off of 2 big moves...first the tender and then the earnings news....idc will lull everyone back to sleep and then.....
Is it that no news is good news, or simply there is no IDCC news anywhere on the planet at this time. Including the multiple court cases around the globe.
I saw the same thing you did...I interpreted it as a forced short covering ...right at margin time....for all we know...the short got passed on from one account to another....all I know...is they are too deep into this stock at this point in time...I'm not sure what their end game is going to look like
Apple is buying 5G wireless technology from Broadcom (AVGO)
However, several reports from earlier this year suggested Apple could replace Broadcom's Wi-Fi and Bluetooth combo chips with its own first-party chips by 2025. Those rumors cast dark clouds over Broadcom's future since the company relied on Apple for 20% of revenue in fiscal 2022.
But some of those clouds recently parted when Apple announced that it had inked a new multibillion-dollar agreement to purchase Broadcom's 5G radio frequency components and other wireless connectivity parts from Broadcom over the next few years.
Teecee56, on May 18th 760K of shares traded were short.
vegas....thats a healthy increase from 2.7myn......there was a capitulation trade last week on the high volume day....might be slightly lower as of today
Time to crank up the stock buyback program.
Vegas Options - Yes and YES. But, if the price exceeds the conversion per share equivalent prior to the bond issue maturity date (June 2027), buying the bond provides more value to the company. JMHO
Gamco, If the company has to wait until then, doesn't it make more sense for them to buy 2M shares back now at this price?
Vegas Options - just wait until the price of the common stock exceeds the 130% conversion cap regarding the bond issue.
Best luck to all and I hope everyone has a safe Memorial Day weekend.
Gamco, tell me where I can buy them at par and I will.
Vegas Options - The bond holders at maturity get credit for the same dollar amount as common stock holders got paid in dividends. Example: a $1,000 bond received $35 interest annually plus credit for that years dividend paid at maturity. Conversion rate per $1,000 bond is stated to be 12.9041 shares, so bond holders receive credit or $18.06574 (12.9041 shares × $1.40 annual dividend). Assuming the dividend rate per year remains constant at $1.40, the annual return for a $1,000 bond would be $35 interest paid currently plus $18.07 paid at maturity or a dollar return equal to $53.07 annually.
Those bond holders also have the leverage of the sliding conversion rate which is capped at 130% of the initial stated conversion rate in the bond indenture. That leverage diminishes at the stock approaches $101. The bonds then should theoretically trade at par.
All just my humble opinion.
Zacks.com featured highlights Interdigital
Interdigital is a pioneer in advanced mobile technologies enabling wireless communications and capabilities. IDCC is engaged in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
Furthermore, IDCC’s team of skilled engineers has an expertise in major mobile connectivity as well as in technologies related to content delivery. Notably, InterDigital’s secure and scalable horizontal platform, oneMPOWER, enables businesses to launch and manage Internet of Things applications.
The stock price of Interdigital has appreciated 18.4% in the past four weeks. It has an expected earnings growth rate of 96.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 17.1% over the past seven days.
Gamco, No. The bonds decay equal to the dividend rate. At maturity they will convert at $70 and are hedged up to $125. Also you can not buy the bonds at the current stock price as they trade at a sizable premium. If you think about it, what would you pay for a 4 year option at $70 that pays you 3 1/2% per year... It is much cheaper to just buy the stock.
Glen you could buy the converts.back...and sell off the hedges...lots of flexibility on things that can be done within the cap structure...when your flush with cash
Vegas options - after 130% of the $77.49 conversation price (approximately $101) won't the convertible bonds be cheaper than the price per share above $101?
Gamco, why would you want to buy the convertible bonds when they are hedged to$125 ?
I wish that I could answer of the questions that you have presented. But I can't.
One of my questions is can funds authorized of the stock buyback also be used to buy some of the convertible bonds?
How long will IDCC continue the stock buyback? Will IDCC redeem the notes on or after June 5, 2025? What will the stock price be on or after June 5, 2025? Stock price of $100.737 is 130% of the $77.49 conversion strike price. Is it reasonable to assume that IDCC has a specific number of shares targeted for buyback in anticipation of a redemption on or after June 5, 2025? Is reasonable to assume IDCC has some type of end point/game for the stock buyback? If so, what is it?
More questions than answers. Good luck to all longs...let the upward rise continue!
InterDigital Announces Upsize and Pricing of Private Offering of $400 Million of 3.50% Senior Convertible Notes
The Notes
The notes will be InterDigital's senior unsecured obligations. The notes will pay interest semi-annually in cash on June 1 and December 1 at a rate of 3.50% per year, and will mature on June 1, 2027. The holders of the notes will have the ability to require InterDigital to repurchase all or any portion of their notes for cash in the event of a fundamental change. In such case, the repurchase price would be 100% of the principal amount of the notes being repurchased plus any accrued and unpaid interest.
Prior to March 1, 2027, the notes will be convertible only upon the occurrence of certain events and during certain periods, and thereafter, at any time until the second scheduled trading day preceding the maturity date. The notes will be convertible at an initial conversion rate of 12.9041 shares of InterDigital common stock per $1,000 principal amount of the notes, which is equivalent to an initial conversion price of approximately $77.49, which represents a 27.5% conversion premium to the closing sale price of $60.78 per share of InterDigital common stock on the NASDAQ Global Select Market on May 24, 2022. In addition, following certain corporate transactions or an optional redemption of the notes, in each case, that occur prior to the maturity date, InterDigital will, in certain circumstances, increase the conversion rate for a holder that elects to convert its notes in connection with such a corporate transaction or optional redemption. Upon conversion, InterDigital will pay cash up to the aggregate principal amount of the notes to be converted, and will pay or deliver, as the case may be, cash, shares of InterDigital's common stock or a combination thereof, at InterDigital's election, for any conversion obligation in excess of the aggregate principal amount being converted.
InterDigital may redeem for cash all or any portion of the notes, at its option, on or after June 5, 2025 if the last reported sale price of InterDigital’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which InterDigital provides notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day preceding the date on which InterDigital provides notice of redemption at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the notes.
imm....on a technical basis....this is what my favorite type of chart says
https://stockcharts.com/freecharts/pnf.php?c=IDCC,PWTADANRBO[PA][D][F1!3!!!2!20]
point of interest...5 o'clock charlie made an appearance last evening....he put in an 85.87 print at 4.51pm....well beyond the high of the day....you gotta believe!!!!
InterDigital’s Energy Aware Media Team Awarded Best Full-Length Paper at the ACM Mile High Video Conference 2023
MAY 19, 2023 / POSTED BY: INTERDIGITAL COMMS
Congratulations to InterDigital’s Energy Aware Media team for being awarded Best Full-Length Paper at the ACM Mile High Video Conference 2023!
The paper “Energy-Aware Images: Quality of Experience vs Energy Reduction” was produced by members of InterDigital’s Video Lab, including Olivier Le Meur, Claire-Hélène Demarty, Erik Reinhard, Franck Aumont, and Laurent Blonde, and together they propose a new framework for analyzing and processing video frames that allow modern screens to use less energy when displaying these frames.
In their analysis, the InterDigital team considers two use cases: one whereby the energy is reduced as much as possible under the constraint that visual quality is maintained, and another where the highest visual quality is sought under the constraint of a fixed reduction of energy use.
You can learn more and read the complete paper here.
For more information about InterDigital’s research and contributions to energy aware media, please click here.
@InterDigitalCom, leader in #wireless evolution from #5G to 6G, will contribute to the identification of requirements that will help to define an overall reference architecture design of PREDICT-6G.
May 15, 2023
https://predict-6g.eu/team/
IMM, there is only one rule that always applies, "No matter what you do, you will regret..."
What's this board's consensus as to the share price one week from today?
I sold some covered 75 calls when the share price had a 60 handle.
Buy to cover, or let the shares go and repurchase next week?
History tells me that shares will be cheaper net week.
IDCC may have the technology Meta needs for its MSVP ASIC (Application Specific Integrated Circuit) chip.
Interdigital Deep Video and M2M Compression
Deep Video and M2M Compression
Efficient video compression is critical for the storage and transmission of growing video content, especially as deep learning-based approaches have quickly caught up with traditional approaches for image compression. InterDigital is a leader in the design of disruptive video codecs based on deep learning techniques. Building on top of its open sourced library CompressAI, Interdigital also offers solutions suited for interpretation by other neural networks or machines, like IoT devices.
From Wikipedia, the free encyclopedia
HEVC / H.265 / MPEG-H Part 2
High efficiency video coding
Status In force
First published 7 June 2013
Latest version 8.0
22 August 2021
Organization ITU-T, ISO, IEC
Committee SG16 (Secretary: Simao Campos) (VCEG), MPEG
Base standards H.261, H.262, H.263, H.264, MPEG-1
Related standards H.266, MPEG-5
Domain Video compression
License MPEG LA[1]
Website www.itu.int/rec/T-REC-H.265
High Efficiency Video Coding (HEVC), also known as H.265 and MPEG-H Part 2, is a video compression standard designed as part of the MPEG-H project as a successor to the widely used Advanced Video Coding (AVC, H.264, or MPEG-4 Part 10). In comparison to AVC, HEVC offers from 25% to 50% better data compression at the same level of video quality, or substantially improved video quality at the same bit rate. It supports resolutions up to 8192×4320, including 8K UHD, and unlike the primarily 8-bit AVC, HEVC's higher fidelity Main 10 profile has been incorporated into nearly all supporting hardware.
While AVC uses the integer discrete cosine transform (DCT) with 4×4 and 8×8 block sizes, HEVC uses both integer DCT and discrete sine transform (DST) with varied block sizes between 4×4 and 32×32. The High Efficiency Image Format (HEIF) is based on HEVC.[2] As of 2019, HEVC is used by 43% of video developers, and is the second most widely used video coding format after AVC.[3]
MSVP: Meta Scalable Video Processor
MTIA isn't Meta's first custom silicon. The MSVP, or "Meta Scalable Video Processor," is in production. A few details on the video transcoder emerged last year, but the company has decided to disclose even more today.
According to Meta, Facebook users spend 50% of their time watching 4B videos per day. Each video gets compressed after being uploaded, stored, and then decompressed into a suitable format when the user wants to view it. Those videos are transcoded (compressed/decompressed) using standard formats like H.264 and VP9. The trick is to make the file small quickly, store it quickly, and stream it at the highest quality for the appropriate device (i.e., phone, tablet, PC) at the highest quality possible.
This type of workload characteristic is perfect for an ASIC (Application Specific Integrated Circuit), a workload that needs the highest efficiency across a fixed standard. ASICs are the most efficient but not as programmable as a CPU or GPU. When the video standard changes from H.264 and VP9 to AV1, which is likely to happen in the future, Meta will need to create a new ASIC, a new version of MSVP.
Meta said that in the future, it will be optimizing for "short-form videos, enabling efficient delivery of generative AI, AR/VR, and other metaverse content." You can find an MSVP focused-write-up here.
Looks like about 150K shares will change hands today through options on close.
IMO if IDCC has what Meta wants, the stock could worth over 200..
High Efficiency Video Coding (HEVC) Is what IDCC is working on and just signed Alps Alpine to license its HVEC technology. Could be a very big license win if IDCC’s HVEC software technology is included in Meta’s MSVP chip.
I don't pretend to know if the following paragraph describes what InterDigital has been working on with the video standards community but.......
________________
"One of the new computer chips, the Meta Scalable Video Processor, or MSVP, is used to process and transmit video to users while cutting down on energy requirements. Bjorlin said "there was nothing commercially available" that could handle the task of processing and delivering 4 billion videos a day as efficiently as Meta wanted."
https://www.cnbc.com/2023/05/18/meta-pulls-the-curtain-back-on-its-ai-chips-for-the-first-time.html
Oh boy ...huge volume....right at California margin time...my guess is shorts have been decreased by incarceration....it's the old double edge sword...less of their buying power...but we're on a big roll...shorts are still 20 yards offsides....and it ain't gonna get easier for them....tally ho ...young gentleman!!!
IMO a $1 increase in the annual dividend is not out of the question in the next 12 months especially when/if the share price nears $90-$100. Mgmt has commented during several prior conference calls how they are pleased with the greater than 2% dividend payout to current share price. To be consistent, mgmt will need to maintain that greater than 2% dividend payout with the increasing share price going forward. In addition if mgmt wants this stock to be a potential dividend play, current US Treasury 4-week T-bills are now paying over 5%. The reduced share count upon completion of the current stock buyback while allocating the same amount of cash/budget for dividend payout as before the start of the stock buyback will make that additional $1 in dividend easier to achieve. IMO, the recent projected revenues until 2027 and thereafter are for Lenovo and Samsung only. It does not account for other outstanding future licensees like OPPO paying up and taking a license along with increasing revenues from video (Alps Alpine Co), IOT, Avanci (Samsung just signed with Avanci), and any revenues from other licensed technologies.
some big prints just came through...tripled the volume on the day
teecee56, I use Fintel because it picks up a lot of the hedge funds in their institutional count. 566 institutions 27.97M shares 104.6%. Nasdaq 289 Institutions 25.415M shares 95.04%
Monterey, what makes you think they would raise the dividend by70% when they haven't raised the dividend for many years?
The forward annual dividend yiwls ia 1.70% at today's price level and is well below the yields of dividend paying utilities.
Any profits they earn will only be used to buy back shares. It would be a miracle if they raised the quarterly dividend by a poultry $0.05 per share.
Fish, I am looking for a $1 increase in the annual dividend in the next 12 months with the reduction in the share count. Personally I can live comfortably on my dividends and social security check. I have no plans to sell for another year and if the dividend is increased by that $1 then I may just pass on the stock itself (without selling) to my beneficiaries allowing them to decide their price point to sell using a step up in (higher) cost basis. This is JMHO and is not intended to be financial advice.
At the right price point to sell, I will happily give the tax man his share. Long time share holder.
Fish,
There are many of us long timers in the exact same position. However, with this leadership and a budget deal we could very well see that 100+ again!
Eagle
What to do with my shares ----
21,700 shares, (16,600 in joint account and 5,100 in IRA) with average cost of $6.21.
Haven't sold or added in a long time. Love the dividend (although it should be increase in my opinion). Should have bailed when it hit $100+ but was too greedy and didn't want to pay taxes on gains. Don't understand or do options, so my issue is what to do to protect my gains in the event of the market tanking, especially if there is a Debt Ceiling Default in June.
Wish there was a way I could sell now at a gain and buy back at a lower price in 30 days if market tanks. Wish there was a 'reverse wash sale' to establish a higher cost basis while taking a profit and not paying taxes on the gains.
I am down to 3.5k which is about a quarter of what I once had.
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