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I’m not sure what you’re trying to say. The rest of the 2024 notes have not been paid off yet, that we know of. IDCC would receive max gain from the Call Spread by closing out the calls and warrants at the strike price of the warrants(which I believe is currently around $109.43). Below that price benefits the call sellers. This could be what is putting a lid on the stock price now.
to me that means idc exercised their option to pay off the notes...and probably did corresponding trades within the "options book" that has been created around the converts....my guess is ...its a little drop in the "bucket o cash"
Short interest up just a bit. Now at 4.205 M on 1/12/24.
Not sure if this was reported yet.
Good day, all.
Jealmc79 - Thank you for providing the information from the SEC filing that states the election of cash would be used to retire the convertible bond issue. I was not aware of that.
If the remaining convertible bonds were exchanged for shares, there is a corresponding increase in outstanding shares
In addition, as more fully described in Note 9 “Obligations” within the Notes to the Consolidated Financial Statements included in Part II, Item 8 of this Form 10-K, we made an irrevocable election to “Net Share Settle” our obligations under the 2024 Notes, which requires us to pay the outstanding principal amount due under the 2024 Notes in cash
thanks...always want to here what you are thinking about idc
InterDigital Joins Princeton University’s NextG Corporate Program
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company has announced that it has joined Princeton University’s NextG Initiative, dedicated to corporate partnerships advancing technology, policy, and industry-academia-government partnerships related to wireless, cloud, and networks of the future. The NextG Initiative, led by Princeton’s School of Engineering and Applied Science, supports the foundation for future intelligent networks across wireless, networking, and cloud systems. The initiative will focus on cross-disciplinary approaches that utilize new algorithms and AI approaches to make networks scalable, efficient, secure, and accessible.
Participation within Princeton’s NextG program unlocks graduate research support and the potential to shape public-private partnerships and policy. As a member of the NextG corporate partnership program, InterDigital will contribute critical research around the topic of AI in wireless. Specifically, InterDigital will advance research on high quality, realistic, and usable channel models for native AI, enhanced MIMO, integrated sensing and communications, and other future wireless applications.
“We are excited to deepen our research partnership with Princeton University and contribute to its NextG program bringing together critical members of industry, academia, and government to advance networks of the future and better understand the benefits of AI to wireless networks,” said Rajesh Pankaj, InterDigital’s EVP and Chief Technology Officer. “Princeton University’s prestige and reputation for leading-edge wireless research and policy influence complements InterDigital’s forward looking research to make our networks and modes of communication more efficient, secure, and impactful.”
“The best academic research to help realize the promise of future wireless networks is informed by close interactions between faculty and industry technology leaders,” said Andrea Goldsmith, dean of Princeton’s School of Engineering and Applied Science. “Our NextG program aims to foster those deep collaborations around wireless technology, as well as policy, that are required to drive meaningful innovation and global leadership in an era of rapid change.”
“InterDigital is a key member of the NextG effort,” added Kaushik Sengupta, co-director of Princeton’s NextG Initiative and a professor of electrical and computer engineering. “Given its experience in wireless, mobile, and networking technologies, we expect this collaboration will be highly productive.”
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:
Roya Stephens
Email: roya.stephens@interdigital.com
+1 (202) 349-1714
That should say IDCC won’t get $90 for the exercised warrant.
“And I want to know the current status of the warrants that were associated with that bond issue.”
I don’t think you understand how the calls and warrants are being settled. If the warrants are in the money IDCC will I not receive any cash, they will just issue the shares that are equal to the difference between the stock price and strike price of the warrants. For example if:
Warrant Exercise Price=$90
Stock Price when exercised=$100/share
Then IDCC will just issue whoever owns the warrants 1/10 of a share of stock to pay for the difference. IDCC won’t get $100 and then issue 1 share of stock like what you are probably thinking.
Now if IDCC doesn’t close out the warrants at the same time they close out the notes and calls things could get really interesting with the share price. You can go back to June 2016 to see what happened when they didn’t.
Teecee56 - I'm not necessarily "concerned" but I have been keeping an eye on the number of shares outstanding. If the remaining convertible bonds were exchanged for shares, there is a corresponding increase in outstanding shares. I have previously posted that I anticipate [and may very well be wrong] that an additional cash award may be received resulting from the appeal from the Lenovo litigation. Management may be able to justify a second Dutch Auction. I understand that I am implying a lot of different assumptions here but the outstanding share count will be a factor. JMHO
glen...im
not all caught up here....why are you concerned about this event?......i trust your knowledge
At this point IDCC is probably better off waiting until the notes expire in June to close out their position. They’re only paying 2% interest on it now and could be making more than that by investing it. Most of the expense with these notes is front loaded paying for the loan fee and Call Spread.
Jealmc79 - I'm just looking for confirmation that the 2016 convertible bond issue has been completely retired. And I want to know the current status of the warrants that were associated with that bond issue.
I would suggest you read my last reply to you. The notes are note going to be converted to shares.
Blackrock owns 17.1% according to the SEC filing. Thanks Gamco.
us45867g1013_012224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 15) InterDigital, Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 45867G101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 45867G101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 4358711 (6) Shared voting power 0 (7) Sole dispositive power 4390364 (8) Shared
dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 4390364 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 17.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- InterDigital, Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 200 BELLEVUE PARKWAYSUITE 300 WILMINGTON DE 19809-3727 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------------------------------------- BlackRock, Inc. 50 Hudson Yards New York, NY 10001 2(c) Citizenship: -------------------------------------------------------------------- See Item 4 of Cover Page 2(d) Title of class of securities: ------------------------------------------------------------------- Common Stock 2(e) CUSIP No.: See Cover Page Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: [ ] Broker or dealer registered under Section 15 of the Act; [ ] Bank as defined in Section 3(a)(6) of the Act; [ ] Insurance company as defined in Section 3(a)(19) of the Act; [ ] Investment company registered under Section 8 of the Investment Company Act of 1940; [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); [X] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; [ ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. Amount beneficially owned: 4390364 Percent of class 17.1% Number of shares as to which such person has: Sole power to vote or to direct the vote 4358711 Shared power to vote or to direct the vote 0 Sole power to dispose or to direct the disposition of 4390364 Shared power to dispose or to direct the disposition of 0 Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ]. Item 6. Ownership of More than 5 Percent on Behalf of Another Person If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The interest of 1 such person, iShares Core S&P Small-Cap ETF, in the common stock of InterDigital, Inc. is more than five percent of the total outstanding common stock. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. See Exhibit A Item 8. Identification and Classification of Members of the Group If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group. Item 9. Notice of Dissolution of Group Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Item 10. Certifications By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 22, 2024 BlackRock, Inc. Signature: Spencer Fleming ------------------------------------------- Name/Title Attorney-In-Fact The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001). Exhibit A Subsidiary BlackRock Life Limited BlackRock Advisors, LLC Aperio Group, LLC BlackRock (Netherlands) B.V. BlackRock Fund Advisors* BlackRock Institutional Trust Company, National Association BlackRock Asset Management Ireland Limited BlackRock Financial Management, Inc. BlackRock Asset Management Schweiz AG BlackRock Investment Management, LLC BlackRock Investment Management (UK) Limited BlackRock Asset Management Canada Limited BlackRock Investment Management (Australia) Limited BlackRock Fund Managers Ltd *Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Exhibit B POWER OF ATTORNEY The undersigned, BlackRock, Inc., a corporation duly organized under the laws of the State of Delaware, United States (the "Company"), does hereby make, constitute and appoint each of Eric Andruczyk, Richard Cundiff, R. Andrew Dickson, III, Spencer Fleming, Daniel Goldmintz, Laura Hildner, Elizabeth Kogut, David Maryles, Christopher Meade, Una Neary, Charles Park, Daniel Riemer, David Rothenberg and Brenda Schulz, acting severally, as its true and lawful attorneys-in-fact, for the purpose of, from time to time, executing, in its name and on its behalf and on behalf of its direct and indirect subsidiaries, any and all documents, certificates, instruments, statements, filings, agreements and amendments (collectively, "documents") determined by such person to be necessary or appropriate to comply with ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, including, without limitation, Schedules 13D and 13G and Forms 3, 4, 5, 13F and 13H and any amendments to any of the foregoing as may be required to be filed with the Securities and Exchange Commission, and delivering, furnishing or filing any such documents with the appropriate governmental or regulatory authority or other person, and giving and granting to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully and to all intents and purposes as the Company and/or its direct and indirect subsidiaries, as applicable, might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. Any such determination by an attorney-in-fact named herein shall be conclusively evidenced by such person's execution, delivery, furnishing or filing of the applicable document. This power of attorney shall expressly revoke the power of attorney dated 2nd day of January, 2019 in respect of the subject matter hereof, shall be valid from the date hereof and shall remain in full force and effect until either revoked in writing by the Company, or, in respect of any attorney-in-fact named herein, until such person ceases to be an employee of the Company or one of its affiliates. IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed as of this 30th day of April, 2023. BlackRock, Inc. By: /s/ R. Andrew Dickson, III Name: R. Andrew Dickson, III Title: Corporate Secretary
they actually reduced ownership from 5 mil last year. Probably part of the company's buyback
they actually reduced ownership from 5 mil last year. Probably part of the company's buyback
The last 10 minutes of trading in IDCC over 275,000 shares changed hands.
it looked like blackrock increased their position from app 3.3.m to app 3.5 million,
it seems they own app 18% of the outstanding shares
1/22/24 @ 2:02 EST
128,500 shares @ $106.65
(Over half of the days volume)
Could this be the conversion of the remaining bonds on the old issue?
The 3 Most Undervalued Tech Stocks to Buy in January
https://investorplace.com/2024/01/the-3-most-undervalued-tech-stocks-to-buy-in-january/
1 share at $111.74 in premarket this morning. Somebody liked something.
I just watched the Needham presentation and am very impressed with the company today versus the days of yesteryear. Our new CEO is a man with a vision. His education and industry experience are perfect matches for our business plans. I wish all of you good health as we watch the progress this year. It feels different viewing from the geezer section, but I like it.
MO
loop
I’m not sure I see the big deal
They guided to 105mil recurring for q4
Thank you Gamco.
It is not hard to see why the stock price is up. I believe Liren Chen and this management is a big upgrade from the old regime. I don’t remember Bill Merritt ever being so forthcoming with information.
The presentation was very informative, well worth the listen
Would 430 million in recurring revenue be a good thing if true?
Regulation FD Disclosure.
On January 18, 2024, InterDigital, Inc. (the “Company”) presented at the 26th Annual Needham Growth Conference. During that presentation, Liren Chen, Chief Executive Officer of the Company, referred to current annual recurring revenue of about $430 million. This reference was an inadvertent error and was not intended to update the previously issued guidance for fourth quarter 2023 or outlook for first quarter 2024 that the Company issued on January 16, 2024. In issuing this Form 8-K, the Company is not affirming or updating guidance but merely correcting the inadvertent error. The Company disclaims any intention or obligation to update or revise its prior guidance, whether as a result of new information, future events or otherwise.
The information in this report is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
The shorts are the Tesla owners. They are losing the battle on several fronts.
So who on the board owns a Tesla ? good luck!
Biden’s EV Push Frozen by Arctic Weather
'We got a bunch of dead robots out here...'
January 17, 2024
The subfreezing weather impacting much of the U.S. has exposed a major headache for electric vehicle owners, proving to be yet another setback in President Joe Biden’s failed efforts to foist fossil-fuel alternatives onto disinterested consumers who see greater risk than reward in the pricey automobiles.
Chicago-area Tesla owners have reported difficulty while trying to charge their EVs. Drivers have found themselves stuck at charging stations with dead batteries. And those able to charge their batteries found it was taking much longer than it would take in milder temperatures. There were also instances in which charging stations were not functioning, according to Newsweek.
A station with 20 Tesla superchargers in Skokie, Illinois, was full almost all day Monday with drivers waiting for spots to open up. Drivers were worried about becoming stranded if their batteries ran out while they waited, according to WGN-TV9.
Uber driver Darryl Johnson waited for hours to get to a charger. But his frustration didn’t end as his battery started draining faster than normal.
You’re back at the charger twice a day,” Johnson said.
The challenges EV owners are facing may continue in the coming days, and the nightmare facing Chicago-area EV drivers could expand to other parts of the country.
A second arctic air mass is on the way, moving in more subfreezing temperatures across the U.S. Below-average temperatures are forecast, with some cities facing highs in the the single digits, teens or 20s, according to weather.com.
“Nothing. No juice. Still on zero percent,” said Tyler Beard, who was trying to recharge his Tesla at an Oak Brook, Illinois, Tesla supercharging station. “And this is like three hours being out here after being out here three hours yesterday.”
my comment; wait until the power grids go down during exytr,r hrsy in Texas. ! Great job Biden -- any other 'smart' ideas?
I see the Chinese Govt is ending short selling for the majority of investors.
Imagine what would happen to the IDCC share price if the US Govt. mandated an end to short selling & required that short positions be closed?
Tomcat
InterDigital, Inc.
January 18, 2024 3:00 p.m. ET
26th Annual Needham Growth Conference
https://wsw.com/webcast/needham134/idcc/2202046
Correction IDCC short interest:
12/29 4.12m, up from 4.06m on 12/15. Sorry, typo.
101% Institutional ownership, 1.35% insider ownership, 4.12M shares short,
Ridiculous that they have been able to keep pushing it downward with both of the recent bits of good news.
Down to $100 in after hours trading. I suppose IDCC has stopped buying stock so now we are back to the shorts running the stock price down. How far will the shorts be able to take it.
IDCC short interest:
12/29 4.12m, up from 4.12m on 12/15.
From Forbes
Unlocking The Potential Of Pure Research At InterDigital
Karen Walker
Contributor
Insights on how companies & leaders thrive in hyper-growth.
Liren Chen, CEO of InterDigital, leads one of the world’s largest pure research facilities. In a pure research facility, research is conducted without a specific goal in mind: though the research facility may partner with different corporations and technology firms, the research conducted by its scientists does not have an immediate pathway to profitability. InterDigital, the company Chen heads, is reminiscent of Bell Laboratories, the research and development arm of AT&T which produced scores of technological innovations–including the first synchronous motion-picture system and the world’s first satellite communication system. Founded in 1972, InterDigital was part of building the world’s first wireless system and has had a hand in building every cellular technology since. Chen told me that every facet of technology a consumer interacts with on a daily basis–be it video chatting with a friend or sending a text message–InterDigital has helped to develop.
InterDigital’s workforce is made up, as Chen told me, of inventors and creatives recruited from the world’s top institutions. I wanted to know how Chen managed teams stacked so deep with innovators, and how the company has sustained some of its long-lasting high-powered partnerships while still achieving rapid growth and impressive quarterly and year-over-year returns. Chen offered insight into what engineers at InterDigital are currently engaged in, and what technologies we’re likely to see in the coming years.
Improving Spectrum Usage and the Impact of 5G
Chen told me that InterDigital engineers are focused on solving the most difficult problems in the wireless system, one of which is spectrum usage. Engineers have worked for decades on making the wireless network faster and more reliable, with lower latency; for video usage, engineers are working to make the experience more immersive and increasing the capabilities of augmented and virtual reality.
Chen said that the advent of 5G has been hugely commercially successful. Smartphones adopted 5G technology worldwide more quickly than 3G or 4G, despite the need for carriers to upgrade the network. Currently, InterDigital is working on ‘5G advanced’ technology, meaning they’re making 5G suited for use cases outside of smartphone (for example, autonomous driving). Chen said that we’ve just scratched the surface of the use cases for this technology: he looked to a future where smart agriculture, smart cities, and smart manufacturing are normal aspects of life. Chen also looked ahead to 6G, which he said will be all about integrating artificial intelligence into the core of the network.
InterDigital has seen impressive growth: they reported 140 million for the third quarter of 2023 and have seen a 116% increase in net income year over year. The company has high-profile partnerships with companies such as Apple and Amazon. Chen told me that the relationship with Apple goes back to the pre-iPhone days of 2007 and is currently contracted to continue through 2029. The partnership with Amazon is newer and focuses on IoT products. These long-lasting partnerships–difficult to maintain in the fast-moving world of tech–are key to InterDigital’s growth, Chen said.
I was curious as to how InterDigital managed teams to support their impressive growth. Chen told me that ninety percent of the company’s personnel are inventors, recruited from top universities and Ph.D. programs around the world. Chen said that inventorship is a “team sport” and that the company invests heavily in mentorship of employees. Chen noted that InterDigital’s reputation allows it to attract the brightest engineers in the world; these engineers are then placed on collaborative teams, mentored, and given freedom to create and innovate.
The Role of AI
Chen stated that InterDigital engineers have been researching and innovating with AI for quite a while, specifically to solve wireless and video-related challenges. The primary goal has been to enhance network connectivity and make it adaptable to individual user experiences. Engineers have worked on bettering the infrastructure for AI, and also on building a better infrastructure for AI use cases. This ‘better infrastructure’ means ensuring a reliable, high-speed network with enough bandwidth for processing and sending vast amounts of data.
Curiosity, Leadership, and Making an Impact
Curiosity, according to Chen, is one of his core strengths. Chen said that following his curiosity is what compelled him to leave his home in Beijing and come to the US for graduate school thirty years ago. After graduate school, Chen began his career at Qualcomm as a software engineer before becoming interested in the research side of the organization. At Qualcomm, Chen worked on the first and second generation of wireless. With the advent of 3G, Chen was part of the first project that put the internet into phones.
As an inventor at Qualcomm, Chen became interested in the legal aspect of how to protect intellectual property. He pursued a law degree in addition to his research career, after which Chen also received his MBA. Chen’s tenure at Qualcomm lasted from 1996 to 2021, at which time he left to lead InterDigital; Chen left Qualcomm as the Global Head of IP. Chen noted that throughout his time at Qualcomm, he was pursuing his interests and curiosity; looking back, he can see how the pieces in his story fit together and enabled him to lead. Chen said that there are two factors that have enabled him to move “up and to the right” on the two-by-two matrix: competency and impact.
Chen said that the first ingredient required for success is to be excellent at your job. He noted that individuals should choose a field they are passionate about and commit to becoming excellent so that they can distinguish themselves. Chen said it’s also crucial that individuals focus on what kind of impact they’re making. He noted that in a company as big as InterDigital, team members might overlook the amount of impact they can have on the organization and on their projects–which would be a mistake. Chen said that individuals should focus on the impact of the projects with which they’re engaged, and also on what kind of impact they can make within the company.
InterDigital’s impact is far-reaching; we encounter it every time we pick up our phones or otherwise engage in the digital arena. After more than fifty years of innovation, the company is poised for more significant near-term growth. Chen has been at the forefront of the digital revolution since the very beginning; the teams he leads will no doubt continue to make a wide and deep impact on the lives of consumers going into 2024 and beyond.
Interdigital Inc (Symbol: IDCC) saw options trading volume of 1,560 contracts, representing approximately 156,000 underlying shares or approximately 44.7% of IDCC's average daily trading volume over the past month, of 349,280 shares. Especially high volume was seen for the $105 strike call option expiring January 19, 2024, with 327 contracts trading so far today, representing approximately 32,700 underlying shares of IDCC.
https://www.nasdaq.com/articles/notable-tuesday-option-activity:-aa-idcc-bby
Zdog time shall tell the outcome for the shorts and the longs.
Did they take advantage, or dig a deeper hole?
The Samsung license announced today does not include phones which are in arbitration. At least it does not mention phones, which will be an extra kicker to revenue when paid.
The shorts took advantage today.
Scooby,
IDCC shorts have been coddled and protected here over the years more than in any other stock I know of. We had a great earnings report today! Conversely, Can you believe the market valuation of AMD? Yes, it has promise of earnings growth, but IDCC has the growth today. Yet AMD gets a much higher valuation and gain today simply because it is a "Magnificent 7" AI wanna be!
Well, IDCC IP - wireless and video - is and will play a part in AI applications!
I sometimes think IDCC gets little respect simply because I own shares in it!
Tomcat
Someone is working g hard to keep the share price under control. Two positive press releases this morning. Should have been worth at least 7 or 8 dollars a share.
Excellent Pre-announcement!!
Keeps the pressure on the shorties and disturbs their game of steadily dribbling the share price down!
Tomcat
and the beat goes on....looks like some pretty good stuff!!!
Monterey2000 - My guess is that both Samsung and Panasonic were the biggest contributors to the catch up income.
What company is responsible for the Q1 catch-up sales revenue?
Q1 2024 Outlook
Total revenue is expected to be in the range of $245 to $255 million, including approximately $152 to $160 million of catch-up sales.
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