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So, today judge ruled against Lenova and Motorola attempt to have the case dismissed, because an amended complaint was filed.
If anyone wants a copy of the amended complaint you can write me at vigaits@aol.com
5 o'clock charlie....burning down the house!!!
I finally got around to listening to the CC. In addition hearing about a very good quarter with CE and IOT gaining traction, I am also intrigued by talk of a large new revenue opportunity for their video patents in streaming.
Loop, I am out here. I am on a road trip on my way to a grandsons 2nd birthday in the south.
So I figured as might as well finish my visit to the last 3 southern states I have never set foot in. Completing this trip I will have been in 39 states and look forward to the last 9 in May of next year. Hawaii and Alaska will be separate to completing all 50 states.
Go IDCC and all remain well. Hitting the road now.
we flipped the point and figure chart...went from a bearish price objective of 64...to a bullish price objective of 102
https://stockcharts.com/freecharts/pnf.php?c=IDCC,PWTADANRBO[PA][D][F1!3!!!2!20]
My3, are you out there? It is unlike you to not respond to a great quarter by IDCC. I hope you are OK. You have been a steady member of our team for years.
MO
loop
Paullee,
That sounds like very good news to me!
Tomcat
InterDigital hires Mang Zhu as new head of IP
The IP industry leader has left ZTE to join InterDigital as VP and head of IP.
BoA keeps 105 target
Impressive 3Q results strengthened by Lenovo agreement
Strong 3Q results with revenue growth of 20% YoY to $140mn outperforming Street's expectations of $100mn, driven by catch-up revenues from two new licensing agreements signed in the quarter, namely Lenovo and Humax. Gross and operating margins came in better than expected at 64%/38%, vs. Street's 61%/20%, respectively, supported by the revenue beat and solid cost efficiencies. This also drove EPS to impress at $1.72 and beat consensus estimates by $1.05. We reiterate our Buy rating and $105 PO, as we remain confident in the company's medium-term outlook and potential topline benefits from licensing agreements with Lenovo, Oppo and Vivo.
Robust handset growth supported by non-recurring revs
Recurring revenues from smartphones grew 19% YoY to $104mn and accounted for 74% of total revenues, down from 86% last quarter due to the larger catch-up payment from the Lenovo licensing agreement. Consumer Electronics (CE), Internet of Things (IoT), and Automotive revenues were also strong, up 30% YoY to $35mn, benefitting from solid growth of non-device royalties. Management also remains confident that the growth opportunity in CE, IoT/autos still has a long runway and is still only in the early stages. We also note InterDigital targets ~85% wireless penetration with Chinese vendors Lenovo, Oppo and Vivo, vs. only ~60% currently and 55% last quarter. Profitability and cash flow leverage were also strong with adjusted EBITDA margin of 60% and FCF margin of 215%, which benefitted from the timing of customer payments.
Solid 4Q guidance suggests NT outlook remains favorable
Management expects 4Q revenues to decline -10% YoY to $105mn, roughly in-line with Street expectations. While we have no way to accurately predict the timing of agreements and settlements, we note that catch-up payments on new deals have been a common part of revenues and profits in the past years and guidance may ultimately prove conservative. Operating margins and EPS guidance for the fourth quarter came out better-than-expected at 25%/75c, vs. consensus' 3%/70c. Management also believes adjusted EBITDA margin levels could remain above the 60% mark over the medium-term from solid topline growth coupled with limited expense growth. Lastly, we flag that InterDigital's agreement with Huawei is set to expire at the end of 2023, with on-going negotiations taking place and renewal likely sometime during 2024.
tnyellowtomcat, I have a simple exercise for you. Look up the short interest 2 times a month for this year then look up the share price on that day. I think that it will show you that most shorts have lost money this year. Do it then let's talk.
big cat...i think you have the wrong read on that....the shorts have gotten periodically torched for short intense periods of time since 1999...including earlier this year...im a long....im not a trader....i have sold all along the way....im pretty happy about the whole trip...even though its been an incredible rollercoaster ride.....but you have to admit...we're in a pretty good position right now...maybe for a final confliguration of our long time enemies...DA SHORTZ!!
teecee,
I HOPE you are right! We seem to have the luckiest shorts in the world here at IDCC!
Tomcat
shorts are being moved into the "shooting gallery" for margin call time...welcome to the longs "happy hour"
Vegas,
Shorts lately have been making a killing with "value trap" type cyclical stocks.
I don't see what they think they can make with IDCC? Well, they did get 20 points off the high of $97 recently!! Did they cover? Probably not!! The only thing I can think is that they expect IDCC to continue to be the same old "Rodney Dangerfield" stock that it has been in the past. Well, it seems quite evident that the new management has reversed the old equation! This gets confirmed each quarter with earnings beats and new licenses signed!
IMHO - Tomcat
shorts won the "quiet period"....the news flow today ...ends the quiet period......buyback was strong...sharecount now 25myn...shorts 3.3 myn....average volume 250k...we're barely there now on todays volume....and we are up 5+ points....id call that a very inelastic supply curve of stock
tnyellowtomcat, there has to be a catalyst to ignite the fire. Shorts feel safe due to guidance of approx $102M on recurring revenue and 70 to 80 cents profit on the recurring. The elephant in the room is what else gets reported. The math works as follows Institutions 28.15M shares, insiders 400K shares plus all individual share holders now equals 25.4M new share count, RSUs, stock options plus 3.22M shares short. The math does not work...
Vegas,
I would think with the statistics you just quoted that we would have a huge, short squeeze, especially after today's great earning and license.
I will admit that we have the luckiest shorts here at IDCC!
IMHO - Tomcat
loophole73. My favorite part is when they were asked about M & A. They basically said we are always looking but right now we believe that buying IDCC is best. I hope that they continue their 250K per month average with the $80M they have left. Since they said that they have over $1B, I believe they will authorize another $200M.
Yes, I was very impressed with this earnings call.
MO
loop
Anyone listen to conference call. Sounded like a real one today, even had analysts asking good questions.
Amen to that Loop. Still holding and very happy today. To the moon.....
According to the 10Q they bought back 700K shares in 3rd Q and 300K shares in October. New share count is about 25.4M shares. Let them keep shorting...
These guys are rocking. I hope we finally get to see them receive the money they deserve. I hope the best for our old group.
MO
loop
signed lenovo...and a big beat on earnings....its rock n roll time!!!
InterDigital Announces Financial Results for Third Quarter 2023
Company Release - 11/2/2023
New License Agreements Drive 22% Increase In YoY Revenue; 116% Increase In YoY Net Income
WILMINGTON, Del., Nov. 02, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced results for the quarter ended September 30, 2023.
"We delivered robust revenue growth in both the smartphone and CE and IoT markets, and upside to our financial targets in the third quarter driven by strong licensing activity, including an agreement with Lenovo for our HEVC video patents," commented Liren Chen, President and CEO, InterDigital. "This agreement highlights our progress in realizing value from our video compression IP, demonstrating that we have multiple avenues for driving growth across the business. With momentum across licensing, innovation and industry leadership, we believe the company has never been in a stronger position."
Third Quarter 2023 Financial Highlights, as compared to Third Quarter 2022:
GAAP
Total revenue was $140.1 million and increased 22% primarily due to catch-up revenues from two new patent license agreements signed in third quarter 2023.
Smartphone revenue was $104.3 million and increased 19%, and CE, IoT/Auto revenue was $35.4 million and increased 30%.
Recurring revenue was $104.5 million and increased 3%.
Operating expenses were $86.5 million and increased 4%, primarily driven by intellectual property enforcement.
Net income1 was $47.9 million and increased 116%; net income margin2 was 34%.
Diluted earnings per share1 was $1.72 and increased 132%.
Non-GAAP
Adjusted EBITDA2 was $83.5 million and increased 48%, primarily due to higher catch-up revenues; Adjusted EBITDA margin2 was 60%.
Non-GAAP net income3 was $57.7 million and increased 63%.
Non-GAAP diluted earnings per share3 was $2.13 and increased 81%.
Return of Capital to Shareholders
During the third quarter 2023, the Company returned $66.1 million to shareholders, including $9.3 million, or $0.35 per share, of cash dividends paid and $56.9 million through the repurchase of 0.7 million shares of common stock.
We announced an increase to the quarterly cash dividend from $0.35 to $0.40 per share, beginning with the dividend paid in the fourth quarter 2023.
Recent Business Highlights
Licensing: We signed new license agreements covering our HEVC video compression technology with Lenovo for smartphones and consumer devices such as PCs, and Humax for set top boxes.
We joined the Avanci 5G automotive pool as a founding member.
Convida Wireless, our joint venture with Sony focused on IoT and cloud services innovation, appointed a President and Chief Licensing Officer.
Research & Development: In Q3 we filed the highest number of new invention filings ever in a quarter and we are on track for a record year.
Our industry leadership in cellular standards was highlighted by the election of one of our senior wireless standards engineers to chair the RAN2 working group within 3GPP, the standards body that leads the development of 5G and future 6G standards.
Patent Portfolio: As a result of our innovation momentum our patent portfolio passed 30,000 granted patents and pending applications.
LexisNexis recently recognized InterDigital's 5G patent portfolio as one of the top five 5G portfolios in the world.
Near Term Outlook
The table below presents guidance of the Company's expectations for fourth quarter 2023. The revenue range covers existing licenses and does not include any new agreements we may sign over the balance of the fourth quarter.
Q4 2023
Revenue $102M - $106M
Operating expenses $77M - $79M
Net income1 $18M - $21M
Adjusted EBITDA2 $49M - $52M
Diluted earnings per share1(a) $0.70 - $0.80
Non-GAAP diluted earnings per share3(a) $1.17 - $1.29
(a) Based on 26.5M weighted-average diluted shares as of October 31, 2023 and does not factor in any additional repurchases that may occur during the remainder of fourth quarter 2023.
Conference Call Information
InterDigital will host a conference call on Thursday, November 2, 2023 at 10:00 a.m. ET to discuss its third quarter 2023 financial performance and other company matters.
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.
InterDigital signs HEVC license agreement with Lenovo
Company Release - 11/2/2023
WILMINGTON, Del., Nov. 02, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that it has signed a new multi-year royalty-bearing global license with Lenovo covering InterDigital’s HEVC video patents. The new license brings to an end all related HEVC litigation between the two companies.
“We are pleased that Lenovo has chosen to take a license to our HEVC portfolio in another clear demonstration of the value of our video innovation,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “We remain committed to resolving our remaining licensing disputes with Lenovo.”
About InterDigital ®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Richard Lloyd
Email: richard.lloyd@interdigital.com
+1 (202) 349-1716
Before earnings tomorrow Fintel has the institutional ownership at 28.126M or 106.5 % as of 1/nov/23
IDCC vs Lenova- latest docket entries
October 31, 2023 00:00
Response
Document: 24
RESPONSE regarding 13 MOTION TO DISMISS FOR FAILURE TO STATE A CLAIM filed by InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings, Inc., InterDigital VC Holdings, Inc., InterDigital, Inc.. (Attachments: # 1 Exhibit 1 Mankes v. Fandango, LLC, Dkt. No. 25, # 2 Exhibit 2 Bounds v. Town of Red Springs, Text Order) (Stevens, Matthew)
October 31, 2023 00:00
Response
Document: 23
RESPONSE regarding 15 PROPOSED SEALED Response, Answer & Affirmative Defenses to Counterclaims by InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings, Inc., InterDigital VC Holdings, Inc., InterDigital, Inc.. (Stevens, Matthew)
October 31, 2023 00:00
Memorandum in Support
Document: 22
Memorandum in Support regarding 21 MOTION TO DISMISS FOR FAILURE TO STATE A CLAIM Count III of Lenovo's Counterclaim with Prejudice filed by InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings, Inc., InterDigital VC Holdings, Inc., InterDigital, Inc.. (Stevens, Matthew)
October 31, 2023 00:00
Dismiss for Failure to State a Claim
Document: 21
MOTION TO DISMISS FOR FAILURE TO STATE A CLAIM Count III of Lenovo's Counterclaim with Prejudice filed by InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings, Inc., InterDigital VC Holdings, Inc., InterDigital, Inc.. (Stevens, Matthew)
October 31, 2023 00:00
Amended Complaint
Document: 20
AMENDED COMPLAINT for Patent Infringement against Lenovo (United States) Inc., Lenovo Group Limited, Motorola Mobility LLC, filed by InterDigital, Inc., InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings, Inc., InterDigital VC Holdings, Inc.. (Stevens, Matthew)
October 13, 2023 00:00
Order ~Util - Set Deadlines
Document: 19
INITIAL ORDER REGARDING PLANNING AND SCHEDULING - Discovery Plan due by 11/17/23. Counsel should read attached order in its entirety for critical information and deadlines. Signed by District Judge Louise Wood Flanagan on 10/13/2023. (Collins, S)
InterDigital Q3 2023 Earnings Preview
Nov. 01, 2023 1:19 PM ETInterDigital, Inc. (IDCC)By: Ravikash, SA News Editor
InterDigital (NASDAQ:IDCC) is scheduled to announce Q3 earnings results on Thursday, November 2nd, before market open.
The consensus EPS Estimate is $1.07 (+44.6% Y/Y) and the consensus Revenue Estimate is $99.3M (-13.5% Y/Y).
Over the last 1 year, IDCC has beaten EPS estimates 75% of the time and has beaten revenue estimates 100% of the time.
Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 0 upward revisions and 4 downward.
Avanci Launches 4G Smart Meter patent licensing program
https://www.businesswire.com/news/home/20231031956657/en/Avanci-Launches-4G-Smart-Meter-patent-licensing-program
From Asia Times article: 'Huawei surges into the 5.5G lead', by Scott Foster.
https://asiatimes.us14.list-manage.com/track/click?u=2049a8663daea00bd30c32cf2&id=cd86916584&e=f8d8372cc1
The 3rd paragraph below is an informative piece from the entire article posted by Paullee.
“The move comes, however, after U.S. District Judge Cathy Ann Bencivengo of the Southern District of California ruled Oct. 12 that because InterDigital "stated on the record at the motion to dismiss hearing that they have no intention of bringing an infringement claim against plaintiffs … there is no diversity jurisdiction, as plaintiffs and defendants are both citizens of Delaware."
"Therefore," Judge Bencivengo said, "the court does not believe it presently holds subject matter jurisdiction over this case."
This followed an earlier knock from Judge Bencivengo in August that threw out the antitrust suit from U-blox for failing to rise to the standard set over these kinds of lawsuits by the Ninth Circuit's 2020 decision in FTC v. Qualcomm, among other complaints. “
tnyellowtomcat, I believe that all answers are in the buyback. I can see management authorizing another $200M for an additional Dutch Auction. The share price has reflected a lack of interest as the volume has fallen. The options have not gotten cheap as the fear is a big up move. I will be looking for how many shares they bought back this quarter. ( the good news is that Zachs has IDCC as a sell and they have always been wrong)
Three months ago, this looked like an impossible situation for the shorts, with the short interest exceeding the non-institutional float & IDCC with great earnings and success with signing licensees. Now, the stock has declined 20 points! Vegas Options - any ideas? Is this simple chart gap filling? At this point, I wouldn't be surprised to see us revisit the lows of the year! At least IDCC gave us long term longs a dividend increase!
Tomcat
more details
Chipmaker Drops Cell Tech Row In Calif., But Files Del. Suit
By Andrew Karpan · Law360
-- A Swiss chipmaker said Friday it was abandoning its efforts in a California federal court to use federal antitrust laws to argue that technology licensor InterDigital is demanding unfairly high royalty rates to license patents considered essential to 3G and 4G cellular tech standards.
Instead, the Zurich-based U-blox AG said it's going to the Delaware Court of Chancery to pursue what the company calls "a FRAND license lawsuit," in reference to an arrangement that contractually binds companies that own "standard essential patents" to negotiate licenses that are "fair, reasonable and nondiscriminatory."
A day before dropping the case in California on Friday, a new complaint from U-blox landed in the Chancery Court, according to supplemental information filed publicly with the court. The complaint was already assigned to Vice Chancellor Morgan T. Zurn, but was, itself, sealed.
"We proactively decided to move the case to the Delaware Court of Chancery," said U-blox co-founder Andreas Thiel in a press release circulated by his company, which added that he expected "the venue change to allow a much faster resolution of the issue."
The move comes, however, after U.S. District Judge Cathy Ann Bencivengo of the Southern District of California ruled Oct. 12 that because InterDigital "stated on the record at the motion to dismiss hearing that they have no intention of bringing an infringement claim against plaintiffs … there is no diversity jurisdiction, as plaintiffs and defendants are both citizens of Delaware."
"Therefore," Judge Bencivengo said, "the court does not believe it presently holds subject matter jurisdiction over this case."
This followed an earlier knock from Judge Bencivengo in August that threw out the antitrust suit from U-blox for failing to rise to the standard set over these kinds of lawsuits by the Ninth Circuit's 2020 decision in FTC v. Qualcomm, among other complaints.
U-blox, which makes microchips for wireless mobile devices, sued in California earlier this year in an effort to use the court 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 that lawsuit describing InterDigital's licensing practices had been largely identical to language in an older lawsuit that the same U-blox lawyers at Sheppard Mullin Richter & Hampton LLP filed against InterDigital in 2019. Those lawyers, however, do not appear listed on the supplemental information in the Delaware court filing; instead, it names the prominent Wilmington firm Potter Anderson & Corroon LLP.
Notably, the U.S. Department of Justice's Antitrust Division had quickly weighed in on that first lawsuit, 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.
Lawyers for InterDigital did not immediately return a request for comment.
In the California case, U-blox was represented by Martin Bader, Ryan Patrick Cunningham, Stephen S. Korniczky, Ericka Jacobs Schulz and Mona Solouki of Sheppard Mullin Richter & Hampton LLP. In the Delaware case, U-blox is represented by Philip Rovner and Jonathan A. Choa of Potter Anderson & Corroon LLP.
In California, InterDigital was represented by Richard A. Kamprath, Nicholas Mathews, Blake Bailey, James H. Smith and Eliza Beeney of McKool Smith and James J. Yukevich and Nina J. Kim of Yukevich Cavanaugh LLP. Counsel information for InterDigital in the Delaware case wasn't available Friday.
The case in California federal court 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. The Delaware case is U-blox AG et al. v. InterDigital Inc. et al., case number 2023-1086, in the Court of Chancery of the State of Delaware.
And now ublox ia back with some more BS. Stand long and strong against their new filing IDCC..
Ublox licensed with IDCC on Nov 1, 2019.
u-blox and Interdigital sign new license agreement and dismiss litigation
shareshare this
Thalwil, Switzerland – November 12, 2019 – u-blox (SIX:UBXN), a global provider of leading positioning and wireless communication technologies, and InterDigital Group (NASDAQ: IDCC), a mobile and video technology research and development company, entered into an agreement on 1 November 2019 including a license covering all u-blox cellular modules. As a result, all litigation matters between the two companies have been dismissed.
In January of 2019, u-blox had filed a lawsuit against InterDigital Group asking the United States Federal Court in San Diego, California, to determine fair, reasonable and non-discriminatory (FRAND) royalty rates for patents licensed by InterDigital Group.
“u-blox respects the intellectual property rights of others and has always been and continues to be a willing licensee to standard essential patents (SEPs)”, said Thomas Seiler, CEO of u-blox. “In fact, u-blox views this as a value-added differentiator that benefits u-blox customers by reducing their risk of litigation and positively distinguishes u-blox within the module industry. u-blox remains committed to this strategy – it’s how we create value for our customers.”
u-blox: u-blox Moves Court Venue Against InterDigital to Delaware
u-blox AG
Fri, October 27, 2023 at 4:20 AM EDT·1 min read
u-blox remains committed to obtaining a license from InterDigital on Fair, Reasonable and Non-Discriminatory ("FRAND") terms.
THALWIL, SWITZERLAND / ACCESSWIRE / October 27, 2023 / u-blox (SIX:UBXN), a global provider of leading positioning and wireless communication technologies and services, has made the decision to pursue a FRAND license lawsuit against InterDigital (NASDAQ:IDCC) in the Delaware Court of Chancery and to dismiss the case in the Southern District of California.
The Delaware Court of Chancery provides an efficient venue for the resolution of this dispute because the parties involved are incorporated in Delaware and the court is known for setting case schedules that are faster than the Federal Courts.
ADVERTISEMENT
"u-blox respects the intellectual property rights of others and has always been and continues to be a willing licensee to standard essential patents (SEPs) under FRAND conditions, ultimately reducing the risk of litigation for our customers and protecting their business," said Andreas Thiel, Head of Product Centers, Co founder, u-blox. "We proactively decided to move the case to the Delaware Court of Chancery, because we are committed to this strategy. We aim to create value for our customers and expect the venue change to allow a much faster resolution of the issue."
About u-blox
u-blox (SIX:UBXN) is a global technology leader in positioning and wireless communication in automotive, industrial, and consumer markets. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA. ( www.u-blox.com )
u-blox media contact:
Natacha Seitz
Senior Manager PR and Content Marketing
Mobile +41 76 436 0788
Short interest:
10/13 - 3.22 m
9/29 - 3.20 m
InterDigital and Sony’s Joint Venture to Launch IoT Licensing Program: Accelerating Innovation and Connectivity in the IoT Ecosystem
BY TOM GARDNER ON OCTOBER 24, 2023 7:19 AM
Title: InterDigital and Sony’s Joint Venture to Launch IoT Licensing Program
InterDigital and Sony have teamed up to launch a joint venture called Convida Wireless, which aims to commercialize 10 years of research and development in the Internet of Things (IoT) space. The venture will license its machine-to-machine (M2M) connectivity technologies to cloud and edge services companies, as well as telecom providers, for their IoT platforms.
Convida Wireless seeks to leverage its expertise in IoT connectivity to enable companies to enhance their IoT offerings. By licensing its M2M connectivity technologies, Convida Wireless aims to contribute to the growth and development of the IoT ecosystem.
The IoT market is rapidly expanding, with more and more devices being connected to the internet. This presents a significant opportunity for companies to leverage IoT technologies to improve efficiency, enhance customer experiences, and drive innovation. However, developing and implementing IoT solutions can be complex and resource-intensive. This is where Convida Wireless comes in, offering companies the opportunity to access and utilize its proven M2M connectivity technologies.
By partnering with cloud and edge services companies and telecom providers, Convida Wireless aims to accelerate the adoption of IoT technologies and drive innovation in various industries. The licensing program will enable these companies to integrate Convida Wireless’ M2M connectivity technologies into their existing IoT platforms, enhancing their capabilities and expanding their offerings.
The joint venture between InterDigital and Sony brings together two industry leaders with extensive experience in the IoT space. InterDigital is a renowned technology research and development company, while Sony is a global leader in technology and entertainment. The collaboration between these two powerhouses is expected to result in cutting-edge IoT solutions that will shape the future of connected devices.
As the IoT market continues to grow, it is crucial for companies to have access to reliable and efficient connectivity solutions. Convida Wireless aims to address this need by licensing its M2M connectivity technologies, providing companies with the tools they need to succeed in the IoT space. With the launch of this joint venture, InterDigital and Sony are poised to make a significant impact on the IoT ecosystem, driving innovation and enabling the seamless connectivity of devices.
In conclusion, InterDigital and Sony’s joint venture, Convida Wireless, is set to launch an IoT licensing program that will enable cloud and edge services companies, as well as telecom providers, to access and utilize its M2M connectivity technologies. This collaboration aims to accelerate the adoption of IoT technologies and drive innovation in various industries, ultimately shaping the future of connected devices.
#IoTLicensing #ConvidaWireless #M2MConnectivity #IoTEcosystem #IoTInnovation #ConnectedDevices
Dr. Matteo Sabattini Joins Convida as President and Chief Licensing Officer
NEWS PROVIDED BY
Convida, LLC
Oct 05, 2023, 11:00 AM ET
WILMINGTON, Del., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Convida Wireless LLC (Convida), a pioneer in research and innovation for Internet of Things (IoT) and cloud services formed in 2012 as a joint venture between Sony and InterDigital, today announced that Dr. Matteo Sabattini has joined the company as Convida's President and Chief Licensing Officer.
Dr. Matteo Sabattini is an experienced licensing executive and thought leader in IP. He has years of expertise in technology licensing and IP strategy, and his background blends business, policy and technical skills. Dr. Sabattini has published extensively and regularly speaks at industry events on IP matters. Before joining Convida, Dr. Sabattini was most recently the Director of IP Policy at Ericsson, and prior to that he held senior positions with the Sisvel Group, InterDigital, and other leading IP organizations. Dr. Sabattini also currently serves as a board member of the Licensing Executives Society International (LESI).
Dr. Sabattini added: “I am thrilled to join Convida. I very much look forward to leading the company into the next phase, to furthering its technology leadership, and to driving licensing strategy. Convida's team has created groundbreaking technology for IoT and cloud services and will continue to help develop a fully connected world.”
Dr. Sabattini holds an MBA from the George Washington University (GWU), a PhD in electrical engineering from the University of California, San Diego (UCSD), and a Laurea Magistrale also in electrical engineering from the University of Bologna.
About Convida
Convida's mission is to lead society into a future where everyone and everything, in every home, business and industry, is connected. Convida focuses on the future of communication, through significant R&D investments and the best technologies, to bring connectivity everywhere. It helps develop a fully connected world, where people and machines communicate seamlessly to shape the future. Convida’s innovative technologies enable service layer network functionalities that allow app developers, cloud/edge service platforms, and telco providers to securely interact, exchange, and federate data across a variety of connected devices more autonomously.
Founded in 2012 as a joint venture between InterDigital and Sony, Convida combined InterDigital's advanced IoT research capabilities with Sony's consumer electronics expertise for the purpose of driving new research in IoT communications and other connectivity areas. Substantial financial resources and 400,000+ hours in R&D spanning across 10 years have been invested in technology development to date, and Convida today continues innovating to build the technologies of our future connected world.
Convida Contact:
connections@convidawireless.com
https://fox2now.com/business/press-releases/globenewswire/8944518/dr-matteo-sabattini-joins-convida-as-president-and-chief-licensing-officer/
Patent protection improves the odds of start-up success
Sam Lovatt
25 October 2023
Shutterstock/ PopTika
An EPO study shows the success of start-ups with patent filings, and highlights the sectors that may be missing out on the value they bring
https://www.iam-media.com/article/patent-protection-improves-the-odds-of-start-success
InterDigital and Sony’s joint venture to launch IoT licensing programme
Angela Morris
24 October 2023
Shutterstock/Gorodenkoff
Seeking to commercialise 10 years of R&D, Convida Wireless will license its M2M connectivity technologies to cloud and edge services companies and telco providers for their IoT platforms
https://www.iam-media.com/article/interdigital-and-sonys-joint-venture-launch-iot-licensing-programme
Monterey, my dividend finally posted at arund 3:30 PM.
I told my broker/manager that I was displeased with the swith from TD Ameritrade in that they did NOT disclose some of the things dthat would hange.
Like not being able to see the TD account once the swithover was done; confusion about statements, dividend payments, and just general eplanations of things and how ehey are done at Schwab.
Dividend arrived...
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Moderators |
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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