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IDCC is involved in AI, so ...
WHEN will we get respect such as that granted to NVDA?
Tomcat
FINALLY!!!
SOMETHING other than the daily dropsies!
Better volume also!
Tomcat
InterDigital’s Diana Pani Elected to Chair 3GPP RAN2
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, announced the election of Diana Pani, Vice President and Head of Wireless Standards, to serve as Chair of 3GPP’s Radio Access Network Working Group 2 (RAN2). Diana Pani is the first woman in 3GPP history to hold this role.
The 3rd Generation Partnership Project, or 3GPP, develops the global specifications used by various standards setting organizations and provides a critical service to the wireless ecosystem by developing the foundation that enables interoperable technologies for mass deployments of new devices, networks, and services.
As RAN2 Chair, Diana will foster industry consensus in the development of specifications for 5G Advanced, and next generation standards. Previously, Diana has served as Vice-Chair of RAN2 for two consecutive terms, and subsequently chaired individual sessions throughout 3GPP Release 15, Rel-16, Rel-17, and Rel-18, including specifications for the NR User Plane in the first release for 5G.
“Diana’s election to chair RAN2, one of the most critical leadership positions in 3GPP, is a clear testament to her leadership and reflects the deep respect she has earned from peers across the wireless industry for her technical expertise, effective and inclusive leadership, and significant contributions to projects and key technologies for 3G, 4G and 5G,” said InterDigital Chief Technology Officer Rajesh Pankaj. “Our full confidence is in Diana for her responsibilities ahead, shaping the critical specifications for 5G-Advanced that will pave the way for future 6G networks by fostering industry consensus and securing timely completion of RAN2 projects in 3GPP.”
Diana has been an active and consistent contributor to 3GPP RAN2, attending nearly all meetings for more than 15 years. A highly respected delegate and technically competent wireless engineer, Diana has made demonstrable contributions to the wireless industry over three generations of cellular standards, including 3G, 4G and 5G, and beyond.
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
I have been here in IDCC since the 1990s also!
Tomcat
You can't always get what you want...but this crazy ass stock has made me a bunch of dough...since 1997...no regrets...no remorse...I'm here until it ends at this point!!
Teecee,
The market is funny! If IDCC had 50 cents annual earnings, but the market thought the long-term growth rate was, say 35%, we would be selling at $200 a share or more!
NVDA is a good example of what I am talking about!
The IDCC long term earnings growth rate may well be 35+%!!
It is not just AI, as we are part of AI.
IMHO - tomcat
Big ups...low volume...sellers exhausted?....shorts are still staring at 26myn and going lower float ...vs 3.3 myn short......top stocks looking to rollover...after latest excesses...time for idc to resume as a good bad mkt stock....charlie can you hear me!!!!
Another concept!
"Bully Spanking"
What is "Bully Spanking?" This is buying a few hundred shares (or even 1 share) at the asked of the after or premarket bid / asked spread to show a bis after or premarket price gain. The intent is to create buying interest in the stock.
The opposite is "Bear Baiting."
Lesson of the day!
Tomcat
So far, no "Shorty Drifting!"
WHAT is "Shorty Drifting?'
That is where the stock opens higher, then sells off constantly all day long, to end in a loss at the end of the day!
Tomcat
Vegas,
IDCC is 25 points below target!
There is plenty of room for buying shares.
The shorts hope is to lower the share price with small continuous sells at the bid, lowering the bid asked price. Without steady buyers, or a market buyback program, the short strategy has worked - against all odds, seemingly. Their hope is to get an institution or two to liquidate their IDCC investment along the way, and then others might join in for fear of losing their profits! This in a time of no news from the company. I think we have seen some of that (institutional liquidation) with the end of day up volume price plunges. At least one or two institutions have probably sold out to buy into NVDA or TSLA.
IDCC typically has done its buybacks by purchasing blocks of shares from institutions. I think that if they strategically purchased shares at the asked prices throughout the day instead, the 100 share "machine gun" shorts might be overwhelmed, and their whole walkdown of the share price strategy might fail. This could result in a short squeeze & a short term IDCC share price well north of $100.
IMHO - Tomcat
tnyellowtomcat, so you think that there are plenty of shares available... a smaller firm William Blair probably will get their customers to buy maybe 500K in shares over the next week. So far today the volume is 31K and the stock is up $2.
A day of a little heartburn for the shorts? How unusual!! How will they stand it? Being as cottled and protected as they are??
Tomcat
William Blair resumed coverage of InterDigital with a rating of Outperform
Scooby,
On Wall Street, if it is obvious, it is obviously wrong!
The odds looked to be stacked against the shorts, but the shorts are winning here! Typical!!
At this point, it is probably too late to sell; however, I give 90% or better odds that the shorts, machines, etc take the stock below $80 tomorrow or later this week to collect the stop loss orders below $80. Perhaps we will bottom out then?
?? - Tomcat
Here comes the end of the day walk down. Pretty much every day for 2 weeks.
Big Tech Voices Concern Over EU's Essential Patent Plan
By Alex Baldwin · Listen to article
Law360, London (August 17, 2023, 1:39 PM BST) -- Technology giants are still skeptical about the European Union's proposal to overhaul the system for licensing standard-essential patents, telling the bloc that its move to create a more "transparent" framework could lead to mounting costs and further delays in the licensing process.
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The European Commission, pictured, wants to create a more transparent and efficient system for licensing patents deemed "essential" to some technology. (iStock.com/PaulGrecaud)
The latest responses to the European Commission's proposal — which was open for consultation until Aug. 10 — shows that interested parties are in favor of the push for greater transparency. But patent owners, and the companies that implement them, are concerned that the proposed regulations could introduce more roadblocks to the licensing system.
The commission has set out to create a more transparent, predictable and efficient system for licensing patents deemed "essential" to some technology, including 4G/5G, Bluetooth and Wi-Fi.
A company that wants to release a mobile phone or laptop in the market must pay for a license for these patents to be in the legal clear to use the industry-wide standards.
Both the licensor and the company seeking to use the patented technology must agree to a license for the patent on fair, reasonable and non-discriminatory terms, known as FRAND. But what exactly are "fair" terms and rates for these patents? That question has created a series of legal disputes in recent years.
"This is a very divided landscape between patent holders and implementers," Allen & Overy LLP partner David Por said. "When these big waves of [standard-essential patents] cases get filed, they just overwhelm the courts ... Judges have been quite vocal for quite a time about the fact that they would welcome an alternative way to solve these disputes."
Courts in England, Germany and China have, so far, ruled that they have the jurisdiction to set licensing rates for these patents. But now the European Commission seeks to create a new framework to tackle the problem of what it described as "inefficient licensing" for these patents.
A promise of greater transparency for licensing of standard-essential patents, or SEPs, is central to the proposal. The commission plans to introduce requirements for SEP owners to register their patents on a database with the EU's Intellectual Property Office and make patent owners enter into "nonbinding" FRAND determination proceedings before litigating. It also wants to set up a procedure for determining the "essentiality" of patents.
The immediate response from the sector was skeptical. Major players including Apple Inc., Dell, InterDigital Inc., Qualcomm Inc. and Nokia Corp. have voiced their concerns about the plan directly to the commission.
The commission hopes that a register for SEPs would allow for a more streamlined process for implementers looking to license patents. But SEP owners are asking whether the resources required to implement this outweigh any potential benefits.
Semiconductor giant Qualcomm said that the concept of a register is "sound," but contended that the inevitable costs associated with registering are "unlikely to be worthwhile in the absence of substantial licensing activity." The company also pointed out that the burden of the additional costs associated with the new framework seem to be directed exclusively at the patent owners.
"If the registry is enacted, then it should be enacted in a balanced way," Qualcomm said in its response to the consultation. "The proposed measures impose all obligations and virtually all of the direct and indirect costs on patent holders. Transparency from implementers should also be required, in the form of a registry of standards-compliant products."
The register would not be the first of its kind: many standards-setting agencies maintain public databases on SEPs, including the European Telecommunications Standards Institute, or ETSI.
The question of how exactly the register would exist alongside these established databases was raised by the institute itself, which asked the commission to clarify whether it intends to have an "interrelation" between the two registers.
Por, of Allen & Overy, acknowledged that the ETSI database was "extremely comprehensive." But he said it typically holds too much information to be useful for determining what exactly is essential and non-essential. Patent owners tend to "over-declare" the essentiality of their patents, he said.
Apple said that the creation of a SEP register was "desirable" for increasing transparency, but added that the regulation, as it stands, does not provide "sufficient incentives to ensure that SEP owners will make accurate, complete and timely registrations." The iPhone maker also expressed concerns that the plan does not set out any serious consequences for making inaccurate or incomplete registrations.
The commission also proposed enforcing a mandatory procedure to determine seemingly nonbinding FRAND terms before patent owners are allowed to enforce the patent against an implementer.
Ericsson said that proposition was "confusing and complex." The telecoms giant said that could yield an "ideal setting for the creation of many (new) purely procedural friction points" that could be exploited to delay the conclusion of a licensing agreement.
InterDigital — which was a party to one of the FRAND disputes heard in London in recent years, which led to Lenovo handing over a lower-than-expected $138 million in royalties — also echoed the concern that either side could use these proceedings to delay licensing talks. The patent owner added that it would be "legally unclear" how these nonbinding commitments would work in practice and would probably be treated differently depending on the jurisdiction.
And Dell said that the requirement for a pre-litigation FRAND determination "has promise." The consumer tech giant also told the commission that it supported the publication of the final nonbinding FRAND determination to give third parties insight into rates associated with specific patent portfolios.
"Any delay associated with the FRAND determination process is relatively inconsequential," Dell added.
The proposal also posits mandatory "essentiality checks" for a sample of patents registered by larger companies, which would be handled by Europe's Intellectual Property Office. The office would collect and publish data on a representative "ratio" of all patent owner SEPs.
But the checks must be reliable and the sampling methodology sound if the ratio is to be representative, Qualcomm said. If that is not the case, it might give companies looking to license SEPs "unreliable information" as they argue for FRAND rates.
Canon Inc. doubted that the EUIPO has the "knowledge and experience necessary" to deal with the so-called essentiality checks as well as the FRAND determinations. The camera company said that the office's "extensive experience" in dispute settlements is limited purely to trademark and design matters.
Canon also questioned whether the EUIPO would be equipped to deal with the number of checks it would have to conduct in the first few years that the system is in operation. The commission estimates that 14,500 patents will have to be checked, according to the company. The 30 full-time employees assumed to be carrying out the checks "cannot possibly" be responsible for that many checks, Canon said.
Apple argued in its responses that much of the criticism of the essentiality checks falls flat. It noted that the regulation is intended to "provide useful inputs for bilateral negotiations" rather than being the "final word" on the matter.
Although the respondents have been quick to poke holes in the new proposal, there is a long road of refinements and amendments ahead. The proposal will have to be approved by member states and the bloc's parliament and will probably face opposition every step of the way.
"Maybe things can be improved, but it needs to be properly considered with input from more sides, but I just don't think this has been," Andrew Sharples, partner at EIP, a patent boutique law firm, said.
"Maybe as it goes through Parliament it will get that input and may impact on how this proposed legislation progresses," Sharples added.
The shorts are dragging the price around like a rag doll.
This pattern of slow decline after a good rise in share price has been taking place for the last twenty or twenty five years since I have been invested. We probably could have made some good profits by just shorting or playing with puts each time a good news event with IDCC takes place.
It is just difficult to bet on the downside of a stock that you believe has the technology to be great.
At least the modest dividend blunts some of the pain.
MD
Price rose on good news and is being walked down daily on no news.
Vegas,
It appears there are shares being sold & available for purchase every day!
In fact, this stock declines so dependably each day that the U.S government should buy puts and set up a short position as part of funding Social Security!
I have never seen a perfect shorty squeeze work - this one included!
I guess I should just stop looking at the stock price!!
Tomcat
Paullee, I assume Loop is only basing his comments on his memory of prior comments by IDCC mgmt at about the time the 2G arbitration settlement agreement was reached. I don't believe there is an open court case. However, there may be some mention of this in Nokia's financial filings if Nokia (still) considers this a potential future financial liability for Nokia. I have no idea about how to research it. Personally, I think it is an improbable longshot if such financial liability does still exist for Nokia. No offense Loop.
...MO...
PNokio’s current share price is $3.760. Zero dollars is what they deserve.
Is Nokia still in business? I don't see any case with IDCC still open!
israt, Basically no analyst can recommend IDCC because there are almost no shares available for their clients.
I would prefer to see the institutional ownership much lower. With over 100% who is left to buy?
Ok - I see your point.
IDCC is much smaller than QCOM and has achieved major licensing wins.
I don't see why that doesn't make a difference.
Just fuming - Tomcat
Vegas,
Thanks for the reply. I am staying long,
BUT ...
I am FLABBERGASTED that the shorts can get a 15 point decline in the stock with institutional ownership above 100%!
Unbelievable!!
Shorts here live blessed lives!
Tomcat
Dog days of August. Blue skies ahead.
QCOM is down about 16% in about the prior 14 days while IDCC is only down about 14% in the prior 30 days. Just a perspective.
Once the decision on UK case appeal about the world-wide FRAND rate is rendered and if Loop's memory about Pnokio actually comes true as a result, this would be blockbuster news like no other. Just my wishful thinking on a probable (or improbable) longshot, but who knows for sure.
Loop, thanks for the memories and your input.
tnyellowtomcat, I have been on vacation for 2 weeks sorry for late reply. The stock needs news. The volume has been going down which makes it easier to push down the stock price. As long as the short interest goes up and the company continues to buy back be happy. Fintel has the institutional ownership at 107.5% as of today. I like my long position.
End of July short interest up only 7000 shares.
From a Facebook post 'Friends of the WWII National Memorial':
On August 11, 1942, actress Hedy Lamarr and musician George Antheil received a patent for a frequency-hopping system to prevent interception and jamming of radio communications.
Lamarr’s path to inventing the cornerstone of Wi-Fi began when she heard about the Navy’s difficulties with radio-controlled torpedoes. She recruited Antheil, a composer she met through MGM Studios, to create what was known as a Secret Communication System.
The idea behind the invention was to create a system that constantly changed frequencies, making it difficult for the Axis powers to decode radio messages. The invention would help the Navy make their torpedo systems become more stealthy and make it less likely for the torpedoes to be rendered useless by enemies.
Lamarr was the brains behind the invention, with her background knowledge in ammunition, and Antheil was the artist that brought it to life, using the piano for inspiration.
In 1942, under her then-married name, Hedy Kiesler Markey, she filed for a patent for the Secret Communication System, patent case file 2,292,387, and proposed it to the Navy.
The Navy refused to accept the new technology during WWII. Not only did the invention come from a civilian, but it was complex and ahead of its time.
As the invention sat unused, Lamarr continued on in Hollywood and found other ways to help with the war effort, such as working with the USO. It wasn’t until Lamarr’s Hollywood career ended that her invention started gaining notice.
Around the time Lamarr filmed her last scene with the 1958 film The Female Animal, her patented invention caught the attention of other technological innovators. The Secret Communication System saw use in the 1950s during the development of CDMA network technology in the private sector, while the Navy officially adopted the technology in the 1960s around the time of the Cuban Missile Crisis. The methods described in the patent assisted greatly in developing Bluetooth and Wi-Fi.
It appears shorts left some on the table at close for us or mgmt was buying today to slow the sell off. IMHO
This would be a great price point to use the rest of the funds for the buyback.
I agree! It really is getting old and boring!
Tomcat
Time for this bleeding to stop.
There is absolutely no justification for this selloff! We have too many issues pending and leaning strongly in our favor. Shorts are going to get burned!!!
Eagle
InterDigital Beats Antitrust Suit Over Patent Licenses, For Now
By Henrik Nilsson · Listen to article
Law360 (August 8, 2023, 8:12 PM EDT) -- A California federal judge on Tuesday dismissed with leave to amend a suit brought by a Swiss chipmaker alleging that InterDigital Inc. is breaking antitrust laws by demanding unfairly high royalty rates to license patents considered essential to 3G and 4G cellular tech standards.
In a minute order following a hearing on Wilmington, Delaware-based licensing company InterDigital's motion to dismiss, U.S. District Judge Cathy Ann Bencivengo tossed Zurich-based U-blox AG's antitrust suit with leave to amend.
The judge's ruling comes after InterDigital accused U-blox, which makes microchips for wireless mobile devices, of manufacturing a dispute to impose litigation costs and secure a favorable patent licensing deal.
U-blox filed the underlying complaint on Jan. 1, alleging that InterDigital violated commitments to the European Telecommunications Standards Institute, a standards-setting organization, by failing to license its patents to U-blox on "fair, reasonable and nondiscriminatory" conditions.
InterDigital has collected "approximately 2,400 U.S. patents and 11,500 non-U.S. patents" and is now demanding "royalties that are discriminatory and far higher than FRAND rates," according to the suit.
U-blox urged Judge Bencivengo to set a fair licensing rate and stop InterDigital "from wrongfully interfering with U-blox's customers and downstream manufacturers."
But in April, InterDigital argued that it never accused U-blox of actually infringing on any patents, saying U-blox is seeking to force InterDigital to grant a patent license.
"U-blox has no contractual right to such a license, and InterDigital has not sued (or even threatened to sue) U-blox for patent infringement. There is thus no cognizable dispute between the parties," InterDigital argued in its motion to dismiss.
Additionally, InterDigital said that the patents it was trying to license to U-blox were not "essential" to manufacturing any products U-blox sells, meaning there isn't any legal way to apply antitrust laws that let courts jump in and set rates.
Much of the language in that lawsuit over InterDigital's licensing practices had been largely identical to language in an earlier lawsuit that U-blox filed in 2019. That case was settled and according to InterDigital, the terms of the settlement also prevent U-blox from filing the kind of lawsuit that it filed ever again.
Counsel for U-blox declined to comment on Tuesday. Lawyers for InterDigital did not immediately return a request for comment.
U-blox is represented by Martin Bader, Ryan Patrick Cunningham, Stephen S. Korniczky, Ericka Jacobs Schulz and Mona Solouki of Sheppard Mullin Richter & Hampton LLP.
InterDigital is 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.
The case is U-blox AG et al. v. InterDigital Inc. et al., case number 3:23-cv-00002, in the U.S. District Court for the Southern District of California.
monty...i think they should have already increased the div by 10%....just based on the tender offer alone....either way they are returning money to shareholders via buybacks...the converts play into the whole equation also
if IDCC completes the share buyback in 3rd Qtr 2023, then possibly a dividend increase will be declared for 4th Qtr 2023 or 1st Qtr 2024. Just my wishful thinking.
Vegas,
Despite the apparent overwhelming odds that would seem to favor a short squeeze here in IDCC, how is it that the stock price is so obviously being led down by the shorts?
?? - Tomcat
Article about 6G from China's "People's Daily Online". The article "Experts' Take on 6G Technology" is written by Chen Zhi, Gao Yuan and Qaio Xinsheng. The authors are experts and share their views with China Daily.
http://en.people.cn/n3/2023/0807/c90000-20054775.html
Yep, the stock buyback has been good for mgmt (EPS increase) and stock traders and yes most likely the shorts too. Mgmt. needs to show some love to the long-term shareholders with a dividend increase. Maybe then the price swings will be a little easier for us longs to take.
I don't know how or why, but the shorts in this stock are coddled and protected! It has been this way for years! A related company, OLED, always gets the benefit of the doubt and trades at more than twice our earnings capitalization. Again - it has been this way for years!
Fundamentals at IDCC seem very good! I don't get it??
Tomcat.
The CFO let it slip in the transcript that the company has $142M left in the buyback. Since they ended the quarter with $158.25M, that means that they bought back another 170K-180K in July.
Yes in earnings, but not in revenue.
Yes in earnings, but not in revenue.
BoA continues its Buy rating, target 105
That’s over 30 cents per share
That’s reflected in the earnings?
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