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Thank for your reply.
Makes one wonder what there purpose of the buybacks really is.
DVM, to buy for the company is limited by many rules one being that they can not buy over 25% of the average daily volume. Using that they have been limited to 50-60K shares a day. Under that it would take about a year observing holidays, blackouts, etc. to spend the $400M total buyback. It also will move the stock to $70+ as I do not believe it will be successful unless a hedge fund or 2 wants out. Imagine today how the shorts must feel....
1. QCOM commenced a “modified Dutch auction” tender offer ... , at a price not less than $60.00 nor greater than $67.50 per share of, ... Aug.27 2018: ... the final results of QCOM “modified Dutch auction” tender offer, ... at a price of $67.50 per share, ...
2. In early Aug. 2018 I sold 100 shares of QCOM @$65 each. QCOM is currently traded@ $127 per share. IMO
Why did they wait til now?
Where were they when the price was mid 40s
Now that we will have a few mil less shares, they can “afford” more dividend by keeping total monies paid the same.
Bump up that div!!!
They can have 700 of my shares - at $80. the rest are tightly held to $100, then I'll think about it.
What’s your opinion on there ulterior motive?
they're not getting my shares in their stated purchase range [60-69]!!!!
Yeah, the price will move up and it will get to 69 or a little more by the tender date. They will do it at 69, then it probably falls with no other news.
Paulee, and without providing any more revenue directly to their "public" stockholders in the form of dividends - special or ongoing, as in the past. Indirectly, it has, this morning, the benefit of raising the stock price for the stockholders, pre-market, so far.
So what do you think is there purpose of doing this Tender?
So, they finally found a use for their cash, Ha! Better than most deals they have done
InterDigital, Inc. Commences a Modified “Dutch Auction” Tender Offer to Repurchase up to $200 Million of its Common Stock
Company Release - 1/23/2023
WILMINGTON, Del., Jan. 23, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), (“InterDigital” or the “Company”) announced today that it has commenced a modified “Dutch auction” tender offer (the “Tender Offer”) to purchase for cash up to $200 million of its common stock (the “Common Stock”) at a price per share not less than $60.00 and not greater than $69.00, less any applicable withholding taxes and without interest, using available cash on hand. On January 20, 2023, the closing price of the Common Stock was $62.92 per share. The Tender Offer will expire at 11:59 p.m., New York City time, on February 17, 2023, unless extended or terminated.
If the Tender Offer is fully subscribed, the Company will purchase between 2,898,550 shares and 3,333,333 shares, or between 9.8% and 11.2%, respectively, of the Company’s outstanding Common Stock (which excludes shares issuable upon exercise of stock options and vesting of time-based restricted stock units and performance-based restricted stock units, conversion of our convertible notes or exercise of the related warrants, or shares that are reserved for future issuance under our equity compensation plan). If shares having an aggregate purchase price of more than $200 million are tendered in the Tender Offer and not properly withdrawn, the Company reserves the right to accept for purchase pursuant to the Tender Offer up to an additional 2% of its outstanding Common Stock without extending the expiration date of the Tender Offer. Any shares tendered may be withdrawn prior to expiration of the Tender Offer. Stockholders that do not wish to participate in the Tender Offer do not need to take any action. None of our directors or executive officers will tender any of their shares in the Tender Offer.
A modified “Dutch auction” tender offer allows stockholders to indicate how many shares of Common Stock and at what price within the range described above they wish to tender their shares. Based on the number of shares tendered and the prices specified by the tendering stockholders, the Company will determine the lowest per-share price that will enable it to acquire up to $200 million of Common Stock. All shares accepted in the Tender Offer will be purchased at the same price even if tendered at a lower price.
To tender shares of Common Stock, stockholders must follow the instructions described in the “Offer to Purchase” and the “Letter of Transmittal” that the Company is filing with the U.S. Securities and Exchange Commission (the “SEC”). These documents contain important information about the terms and conditions of the Tender Offer. Participants in the InterDigital, Inc. Savings and Protection Plan seeking to tender shares held by such plan must follow the tender procedures and instructions that will be provided separately to participants by or on behalf of the plan trustee by the earlier deadline of 5:00 p.m., New York City time, on February 14, 2023.
The Tender Offer will not be contingent upon any minimum number of shares being tendered or any financing conditions. The Tender Offer will, however, be subject to other conditions. The Company’s Board of Directors (the “Board”) believes that a modified “Dutch auction” tender offer is an efficient mechanism that will provide all stockholders with the opportunity to tender all or a portion of their shares. In the future, the Board may consider additional tender offer(s) or other measures to enhance stockholder value based on a variety of factors, including the market price of the Common Stock.
Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal advisor to the Company.
The Board has authorized the Tender Offer. However, none of the Company, the Board or the dealer manager, the information agent, or the depositary for the Tender Offer or any of their respective affiliates are making any recommendation to stockholders as to whether to tender or refrain from tendering their shares in the Tender Offer or as to the price at which stockholders may choose to tender their shares. No person is authorized to make any such recommendation. Stockholders must decide how many shares they will tender, if any, and the price within the stated range at which they will offer their shares for purchase. In doing so, stockholders should read carefully the information in, or incorporated by reference in, the Offer to Purchase and the Letter of Transmittal (as they may be amended or supplemented), including the purposes and effects of the Tender Offer. Stockholders are urged to discuss their decisions with their own tax advisors, financial advisors and/or brokers.
Jefferies LLC is acting as dealer manager for the Tender Offer. The information agent for the Tender Offer is D.F. King & Co. Inc., and the depositary is American Stock Transfer & Trust Company, LLC. The Offer to Purchase, the Letter of Transmittal and related documents will be mailed to registered holders. Beneficial holders will receive the Offer to Purchase and a communication from their bank, broker or custodian. For questions and information, please call the information agent toll-free at (800) 549-6864.
Certain Information Regarding the Tender Offer
The information in this press release describing the Tender Offer is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell shares of Common Stock in the Tender Offer. The Tender Offer is being made only pursuant to the Offer to Purchase and the related materials that the Company is filing with the SEC, and will distribute to its stockholders, as they may be amended or supplemented. Stockholders should read such Offer to Purchase and related materials carefully and in their entirety because they contain important information, including the various terms and conditions of the Tender Offer. Stockholders of the Company may obtain a free copy of the Tender Offer statement on Schedule TO, the Offer to Purchase and other documents that the Company is filing with the SEC from the SEC’s website at www.sec.gov. Stockholders also will be able to obtain a copy of these documents, without charge, from D.F. King & Co. Inc., the information agent for the Tender Offer, toll free at (800) 549-6864 or Jefferies LLC toll free at (877) 821-7388. Stockholders are urged to carefully read all of these materials prior to making any decision with respect to the Tender Offer. Stockholders and investors who have questions or need assistance may call D.F. King & Co. Inc.
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.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and we may not be able to realize them. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). Investors are cautioned that such statements are predictions and that actual events or results may differ materially. InterDigital’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission on February 17, 2022 and the Company’s Quarterly Reports on Form 10-Q for the periods ending March 31, 2022, June 30, 2022, and September 30, 2022, respectively, each of which has been filed with the Securities and Exchange Commission, as updated by our subsequent filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and InterDigital undertakes no duty to update the information.
CONTACT: InterDigital, Inc.:
investor.relations@interdigital.com
+1 (302) 300-1857
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Source: InterDigital, Inc.
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© COPYRIGHT 2023 INTERDIGITAL, INC. ALL RIGHTS RESERVED.
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I disagree as the amount of what they should pay is being arbitrated.
We should know February 15th. Or we could try asking IR.
“This means for the next 18 months Samsung revenue will be missing”
I think that Samsung will still pay IDCC while the price is being arbitrated. After all, they have agreed to renew the license just wanted a third party to help them maybe get a lower price. If they don’t pay for 18 months I would assume you would have to add some interest on. I could be wrong though.
IDCC's most recent press release regarding the earnings update, references three new licenses during the fourth quarter of 2022. Apple is one new license. I am very interested in learning the identity of the other two new licenses.
Teecee56 - regarding "pretty sophisticated stuff:
Eric Cohen:
PositionExecutive VP
Tenure4.75yrs
Age64
Compensation (per year)US$1.48m
Company Ownership0.15 %$ 2.8m 44.2k shares
Profile
Mr. Eric Cohen serves as Executive Vice President, Chief Strategy and Growth Officer at InterDigital, Inc. since 2021 and also served as Chief Development Officer of InterDigital, Inc. since April 23, 2018 until 2021. In his new role at InterDigital, Mr. Cohen leads a combined business strategy and corporate development organization. In addition to leading acquisitions, strategic investments and the strategic growth roadmap for InterDigital, Mr. Cohen will also work to identify and develop industry relationships that will enable the company to continue to lead in existing technologies and to expand into new areas within the mobile ecosystem. He served as the Senior Vice President of Corporate Development at Dolby Laboratories Inc. since May 2008 until September 2015. Mr. Cohen oversees corporate development, mergers and acquisitions activities and corporate strategy. He joined Cowen and Company, LLC in 1998 and served as its Managing Director and Head of Digital Media, Internet and New Media Business. He worked for 30 years in investment banking, where he gained diverse experience advising clients in strategic transactions and financings across a broad range of industries. He founded digital media practice at Cowen and Company, LLC since 2001 and served as its Senior Member of the Technology Investment Banking Team. Prior to joining Cowen, Mr. Cohen served as a Managing Director of Volpe Brown Whelan & Co., where he specialized in financing emerging growth companies in the health care and high technology industries. He served as a Managing Director at J.P. Morgan, where he helped to found the West Coast Investment Banking practice. Prior to joining J.P. Morgan, he served as a Director in High Yield Investment Banking for Credit Suisse First Boston in New York, where he was responsible for both financial sponsor coverage and origination of high yield transactions. He served as the Chairman of Board of Directors of Via Licensing Corporation. He has been a Director of DTS Inc. since July 1, 2016. He had been a Non-Executive Director at 7Digital Group PLC since June 09, 2014 until June 26, 2019 and served as its Senior Independent Non-Executive Director until June 26, 2019. Mr. Cohen holds an M.B.A. from Stanford University and a BS degree from Brown University.
In first nine months 2022 and first nine months 2021, 71% and 71% of our total revenue, respectively, was attributable to companies that individually accounted for 10% or more of our total revenue. In first nine months 2022 and first nine months 2021, the following companies accounted for 10% or more of our total revenue:
Nine months ended September 30, 2022 2021 Customer A 31% 27% Customer B 17% 19% Customer C 13% 14% Customer D 10% 11%
This information is from the latest 10Q.
I assume Samsung is Customer A or B. This means for the next 18 months Samsung revenue will be missing making Qtr to Qtr and year to tear comparisons a little on the ugly side. IMO
Yes it is I just read bout it in the latest 10Q.
monterey...didnt realize they had repurchased nearly 3/4th of the 2% converts as part of the recent convert deal....they also unwound the hedges on those 275myn they repurchased......pretty sophisticated stuff
Below is the old press release about IDCC's private offering of $400 Millon of 3.50% Senior Convertible Notes on May 25, 2022. As Vegas indicated, the conversion price is set at approx. $77.49. I have bolded the conversion rates/terms below. This conversion will result in a stock dilution of approx. 5,161,640 shares ($400,000,00 / $1000 * 12.9041 shares). IMO, this dilution will be offset to some greater or lesser degree by the current stock buyback program. It also appears that IDCC can pay off the notes for cash on or after June 5, 2025 if the stock price is at or above $100 per share for 20 days. See bolded print in press release below.
InterDigital Announces Upsize and Pricing of Private Offering of $400 Million of 3.50% Senior Convertible Notes
Company Release - 5/25/2022
WILMINGTON, Del., May 25, 2022 (GLOBE NEWSWIRE) -- InterDigital, Inc. ("InterDigital") (Nasdaq:IDCC) announced today the pricing of its private offering of $400.0 million aggregate principal amount of 3.50% Senior Convertible Notes due 2027 (the “notes”) to be sold to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Act"). The size of the offering was increased from the previously announced $350 million in aggregate principal amount. InterDigital has granted the initial purchasers of the notes a 13-day option to purchase up to an additional $60.0 million aggregate principal amount of notes. The offering is expected to close on May 27, 2022, subject to certain closing conditions.
Key elements of the transaction today include:
$400 million 3.50% Senior Convertible Notes due 2027 offering
Repurchase of approximately $273.8 million aggregate principal amount of 2.00% Convertible Senior Notes due 2024 issued in 2019 (the “2024 notes”) and unwind of
related call spread
Repurchase of approximately $75.0 million of shares of InterDigital common stock
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.
Concurrent Convertible Note Hedge and Warrant Transactions
In connection with the pricing of the notes, InterDigital has entered into privately negotiated convertible note hedge transactions with certain financial institutions, some of which are the initial purchasers of the notes or their affiliates (the "hedge counterparties"). The convertible note hedge transactions collectively will cover, subject to customary anti-dilution adjustments, the aggregate number of shares of InterDigital common stock that will initially underlie the notes. InterDigital has also entered into privately negotiated warrant transactions with the hedge counterparties whereby InterDigital has sold to the hedge counterparties warrants relating to the same number of shares of InterDigital common stock, with such number of shares subject to customary anti-dilution adjustments. The strike price of the warrant transactions will initially be approximately $106.37 per share, which represents a 75% premium to the closing sale price of InterDigital common stock on the NASDAQ Global Select Market on May 24, 2022. In addition, if the initial purchasers exercise their option to purchase additional notes, InterDigital expects to enter into one or more additional warrant transactions and to use a portion of the proceeds from the sale of the additional notes and warrant transactions to enter into additional convertible note hedge transactions. The convertible note hedge transactions are expected to reduce the potential dilution with respect to InterDigital common stock and/or offset any potential cash payments InterDigital is required to make in excess of the principal amount of converted notes, as the case may be, upon any conversion of the notes in the event that the market price per share of InterDigital common stock exceeds the strike price of the convertible note hedge transactions. However, the warrant transactions will have a dilutive effect to the extent that the market price per share of InterDigital common stock exceeds the applicable strike price of the warrants on any expiration date of the warrants.
Concurrent Repurchase of $273.8 Million of Existing 2.00% Convertible Senior Notes due 2024
Concurrently with the offering of the notes, InterDigital entered into privately negotiated transactions with certain holders of its 2024 notes to repurchase approximately $273.8 million aggregate principal of the outstanding 2024 notes for a total repurchase cost of approximately $285.2 million (the “Note Repurchase Transaction”).
InterDigital expects that holders of its 2024 notes that are party to any Note Repurchase Transaction may purchase or sell shares of its common stock in the market to hedge their exposure in connection with these transactions. This activity could affect the market price of InterDigital common stock and could also impact the initial conversion prices of the notes.
Concurrent Repurchase of Common Stock
Concurrently with the pricing of the offering of the notes, InterDigital will repurchase approximately $75.0 million of shares of InterDigital common stock (the “Common Stock Repurchase”) from institutional investors through one of the initial purchasers or its affiliate, as InterDigital's agent. The purchase price per share of the common stock repurchased from such institutional investors was $60.78 per share, the closing price of the stock on May 24, 2022. Such Common Stock Repurchase could have increased, or limited a decline in, the market price of InterDigital’s common stock, which may have resulted in a higher effective conversion price of the notes.
Unwind of Existing Convertible Note Hedge and Warrant Transactions
In connection with the Note Repurchase Transactions, InterDigital has also entered into agreements with the dealers party to certain convertible note hedge transactions related to such 2024 notes (the “Existing Note Hedges”) to unwind a corresponding portion of the Existing Note Hedges. InterDigital also entered into agreements with such dealer counterparties to unwind certain warrant transactions sold at the time of issuance of the 2024 notes (the “Existing Warrants”).
In connection with establishing their initial hedge of the convertible note hedge transactions and warrant transactions and concurrently with, or shortly after, the pricing of the notes, the hedge counterparties and/or their affiliates expect to purchase InterDigital common stock in open market transactions and/or privately negotiated transactions and/or enter into various cash-settled derivative transactions with respect to InterDigital common stock. In connection with the unwind of the Existing Note Hedges and the Existing Warrants, InterDigital expects the counterparties thereto and/or their affiliates may reduce their existing hedge positions, which may partially offset the purchases or cash-settled derivatives transactions described in the foregoing sentence. In addition, the hedge counterparties and/or their affiliates may modify their hedge positions following the pricing of the notes by entering into or unwinding various derivative transactions with respect to InterDigital common stock and/or by purchasing or selling InterDigital common stock in open market transactions and/or privately negotiated transactions following the pricing of the notes from time to time (and are likely to do so during any conversion period related to a conversion of notes). Any of these hedging activities could also increase (or reduce the size of any decrease in) the market price of InterDigital common stock.
Use of Proceeds
InterDigital estimates that the net proceeds from the offering of the notes will be approximately $391 million (or approximately $450 million if the initial purchasers exercise their option in full), after deducting the initial purchasers' fees and estimated offering expenses. In addition, InterDigital expects to receive proceeds from the sale of the warrants described above. InterDigital expects to use a portion of the net proceeds from the offering of the notes and the proceeds from the sale of the warrants to fund the cost of the convertible note hedge transactions described above, to fund the Note Repurchase Transactions described above, and to fund the Common Stock Repurchase described above. InterDigital intends to use the remaining net proceeds for general corporate purposes, including, without limitation, the repurchase, redemption or other retirement of any remaining 2024 notes.
The notes and the shares of InterDigital common stock issuable upon conversion, if any, have not been registered under the Act or applicable state securities laws and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Act and applicable state securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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 wireless companies. Founded in 1972, InterDigital is listed on NASDAQ.
InterDigital is a registered trademark of InterDigital, Inc.
CONTACT: investor.relations@interdigital.com
+1 (302) 300-1857
InterDigital Announces Upsize and Pricing of Private Offering of $400 Million of 3.50% Senior Convertible Notes
Leaving that there is kinda like Putin in Ukraine - IMHO!
Tomcat
vegas...what are conversion features of the 2024"s....those might come into play
ML at all others: soothsayers , carpetbaggers
they lure the masses in at the top
they spit the out at the bottom
or
they trash a stock at a top : short
profit on the sale
The report is still on ML site, with price target of $50. Tal L is the analysis with a BA email address.
TEECEE, the bonds mature in 2027. Conversion started at $77+ with a decay equal to the dividend so that at maturity they would be $70 converts. They have been hedged up to $125.
dont know the exact details of the strike price...couldnt find it online....i do know as part of the issue idc hedged out the stated strike to a higher price...by doing a collar options trade [buying a lower strike option and selling a higher strike option]....im pretty sure both conversion prices of those issues are a good bit higher than we are now...i seem to remember a number in the 80 dollar range....right now they look look like they are pretty smart financial operators...that changes with the markets
I believe both bonds are convertible to stock do you happen to the conditions of the convert?
did some research....last year idc issued a new convert with a 3.5 coupon...pre-refunding the issue coming due in 2024....which has a 2.0 coupon....the bonds due in 24 have roughly 18 month to maturity...the issue is 400myn....the "positive carry" on those 400 million is at least 200 basis points[more like 250]...with t-bills above 4.5%....that alone represents 8myn+ in extra income which goes straight to the bottom line...with 29myn outstanding shares....thats almost 30 cents per share
does anybody have access to see if the analyst at B of A is still listed as an analyst?...some body told me No....but he wasnt sure
one observation here as an old bond guy...idc has been often criticized for issuing bonds for seemingly little reason...although reminding the capital markets that we exist every now and then is a good enough reason for me......they are now in a situation where they have so called "positive carry" on their debt...ie...the interest being paid is lower than the corresponding interest being received by sitting in t-bills...so we got that going for us too!!!!...lol
If you look at IDCC's most recent cash and potential buybacks you can get the following using buybacks at current price.
Share Count Cash per share
29.66M $40.45
28.5 M $39.58
27.5 M $38.76
26.5 M $37.88
25.5 M $36.94
The reason that this is interesting is that when they authorized the additional buyback at current price they would have the ability to buyback 6.5M shares. The biggest problem with that is that insiders and institutions own a little over 26M shares. The above chart would cost $ 258M of their $400 M at current prices so they have some wiggle room to get it done.
It’s about damn time we make some money on all that cash in the bank!
We go from 4-6 mil expense to +1mil income due to interest!
Worth a few cents eps!!
Pay dat man his money!!!! Pay him! Pay him dat dividend!
Good news comes out and the share price rises and the Monday snatchers come out. We need news to really burn these “price rise infringers”.
loop, it looks like there is more to contend with on the other board than back seat CEO's. Admins are a threat to true honest and balanced - I don't get it. Nothing was wrong with your post.
Loop I cannot agree with your statement more. I too think the infringers should pay more for a license than amicable settlement. However, if they license at IDCC’s desired rate, not amicable settlement rate, and long term license X years license, we can agree.
Loop, if you have put that in the form of a motion, I will gladly provide a second to that motion.
Loop, if you have put that in the form of a motion, I will gladly provide a second to that motion.
My3, I am against settling with Mot, Nok and Lenovo after the way they have treated IDCC over the years. I believe they intended to bankrupt the company and our investment, and they deserve to pay every nickel they may owe.
MO
loop
Great day for IDCC. Yes IMO, the Lenovo motion was like a 'motion to reconsider' the court's prior decision on the validity and infringement matter. It's something lawyers do as a last-ditch effort to cover themselves when a ruling goes against their client.
I say Lenovo settles the US case as soon as we get the Uk Frand rate. If we get it before the start of the US trial in July this year.
dws, thanks for the article. This is good to see:
<<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.>>
So the above must be the big cash payment(s) that they were predicting late
in the year.
Any thoughts as to where it came from?
Monterey now you understand what Lenovo was trying to get reversed on the appeal which they lost. So, we awaits Frand worldwide rate decision from the UK court.
Take it and shove it Merrill Lynch
OH MR. B of A....COME OUT AND PLAY!!
yeah baby.....the best bad market tech stock there ever was!!!!!......
~Util - Set Deadlines/Hearings Order
Document: 303
ORDER, Proposed Jury Instructions due by 5/19/2023, Motions in Limine due by 4/21/2023, Proposed Final Pretrial Order due by 5/19/2023, Final Pretrial Conference is set for 6/9/2023 at 10:00 AM in Chambers Room 12613, United States District Court, 601 Market Street, Philadelphia, PA 19106 before Judge Joshua D. Wolson, Jury Trial is set for 7/10/2023 at 09:30 AM in To Be Determined at the J. Caleb Boggs Federal Building, 844 N. King Street, Wilmington, DE 19801 before Judge Joshua D. Wolson. (See Order for further details). Signed by Judge Joshua D. Wolson on 1/18/202. (twk)
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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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