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Agree gungrey. Same ole, same ole and as far as the share buy back, I think it sucks for a number of reasons as was experienced in previous buybacks. Not a good use of all that money lying there dead in the water when us shareholders could be enriched (for a change)with increased dividends especially when all they know is to hand out bonus'.
Typical surge followed by a retreat. Sold some today. Hope to buy back later at 37/38. If not, then less misery going forward. Whoo Hoo!!! .. I think. .. nic
A "screaming buy"...???
Probably...but not sure how Soon the price will skyrocket...I s'pose one should own shares before the catalyst arrives, eh...???
Shorts will likely Not cover in droves until After the next Big news...(thats a Good thing, imo)...they are even more stubborn than longs...and will get squeezed...real good...
lol
If it takes a few more weeks, or months, thats OK...just not a few more Years, thank you...
...jk...
I thought so. :)
LOL THAT'S THE PLURAL OF DIVIDEND!
IDCC
We will darn sure see either a buyout or sale of patents and new license agreements. IDCC going to soon be the darling of wall street. They are loaded for bear with what will prove to be not only very valuable lTE 4G patents but stromg 3G patents, and tons more revenues hopfully coming in from other sources than cell phones.
Look for settlements and a race horse of a stock.
ZJMO
Mickey
I thought CC was the same as the last 20 yrs, a waste of time, as he spoke stock went right down...
Yep, typical CC with softball questions..........but even so, the stock is still up $1.70 or 4.4%. Better than a kick in the teeth. JMO
No I said all I had to say.
The analysts have no balls, they asked a bunch of useless softball questions....I thought CC was the same as the last 20 yrs, a waste of time, as he spoke stock went right down....
CAFC (Nothing today for InterDigital):
THURSDAY, FEBRUARY 23, 2012 11:00 A.M.
NONPRECEDENTIAL OPINION
2011-7137 ROBERT ASPRY, JR. v. ERIC K. SHINSEKI, SECRETARY OF
VETERANS AFFAIRS
USCAVC Per Curiam Dismissed
DISMISSAL
2012-5013 ANTONINO EUGENE LYONS v. UNITED STATES
HTC and RIM estimated royalty for 2011 by quarter
HTC's handset sales reported to IDCC in 2011 by applicable calendar quarter as follows:
Q4 2010 = 9.1m (reported to IDCC in Q1 2011)
Q1 2011 = 9.7m (reported to IDCC in Q2 2011
Q2 2011 = 12.1m (reported to IDCC in Q3 2011
Q3 2011 = 13.2m (reported to IDCC in Q4 2011)
Total HTC reported units 2011 = 44.1m
HTC's estimated royalty and rate per unit for each of the four quarters of 2011 as follows:
Q1 IDCC total revenue = $78.5 million total revenue x 10% contribution HTC = $7.85 million indicated royalty / 9.1m handset sales in Q4 reported to IDCC in Q1 = 86 cents indicated royalty per unit
Q2 IDCC total revenue = $69.9m x 11% HTC = $7.7m indicated royalty / 9.7m HTC handset sales in Q1 reported to IDCC in Q2 = 79 cents indicated royalty per unit
Q3 IDCC total revenue = $76.5m x 12% HTC = $9.2m indicated royalty / 12.1m HTC handset sales in Q2 reported to IDCC in Q3 = 76 cents indicated royalty per unit
Q4 IDCC total revenue = $77.0m x 13% HTC = $10.0m unit indicated royalty / 13.2m HTC handset sales in Q3 reported to IDCC in Q4 = 76 cents indicated royalty per unit
2011 IDCC total revenue = $301.7m x 11% HTC = $33.2m indicated royalty/ 44.1 HTC reported unit sales in 2011 = 75 cents indicated royalty per unit.
(Note: HTC's 2011 indicated royalty does not add up to a sum of each quarter's indicated royalty due to IDCC's rounding the licensee's contribution % to the nearest whole %. For example, 11% for 2011 rounded could be as high as 11.4% x $301.7m = $34.4m indicated HTC royalty / 44.1m units = 78 cents maximum indicated royalty per unit for HTC )
RIM is more difficult to estimate, because they use a fiscal year and not a calender year. However I believe that RIM reports handset sales to IDCC on a calender quarter basis. RIM's applicable reported handset sales:
14.2m (Sept, Oct, Nov, 2010)
14.9m (Dec 2010, Jan, Feb 2011),
13.2m (Mar, Apr, May 2011),
10.6m (June, July, Aug 2011)
14.1m (Sept, Oct, and Nov 2011)
Estimated RIM sales for calendar Q4 reported to IDCC in Q1 = 14.4m (14.2m x 2 months Oct, Nov 2010 + 14.9m for 1 month Dec 2010 / 3 months) using weighted averaging techniques. Estimated RIM sales for Q1 reported to IDCC in Q2 = 14.3m (14.9m x 2 months Jan, Feb 2011 + 13.2m for 1 month Mar 2011 / 3 months). RIM's estimated sales Q2 reported to IDCC in Q3 = 12.3m (13.2m x 2 months Apr, May + 10.6m for 1 month June / 3 months). Estimated RIM sales for Q3 reported to IDCC in Q4 = 11.8m (10.6m x 2 months July, Aug + 14.1m for 1 month Sept / 3 months). Total estimated units reported by RIM for 2011 = 52.8m.
RIM's estimated royalty and rate per unit for each of the first four quarters of 2011 as follows:
Q1 IDCC total revenue = $78.5 million total revenue x 15% RIM's contribution % = $11.8m indicated royalty / 14.4m estimated units in Q4 reported to IDCC in Q1 = 82 cents indicated royalty per unit
Q2 IDCC total revenue = $69.9m x 16% RIM = $11.2m indicated royalty / 14.3m estimated units in Q1 reported to IDCC in Q2 = 78 cents indicated royalty per unit
Q3 IDCC total revenue = $76.5m x 13% RIM = $9.9m indicated royalty / 12.3m estimated units in Q2 reported to IDCC in Q3 = 80 cents indicated royalty per unit.
Q4 IDCC total revenue = $77.0m x 13% RIM = $10m indicated royalty / 11.8m estimated units in Q3 reported to IDCC in Q4 = 85 cents indicated royalty per unit.
2011 IDCC total revenue = $301.7m x 14% RIM = $42.2m indicated royalty/ 52.8m RIM estimated reported unit sales in 2011 = 80 cents indicated royalty per unit.
(Note: RIM's 2011 indicated royalty does not add up to a sum of each quarter's indicated royalty due to IDCC's rounding the licensee's contribution % to the nearest whole %. For example, 14% for 2011 rounded could be as high as 14.4% x $301.7m = $43.4m indicated RIM royalty / 52.8m units = 82 cents maximum indicated royalty per unit for RIM )
With $500 million+ in the bank, the BOD should increase the dividend by $0.10 per share minimum.
What's an additinal $4.5 million per quarter when they anticipate increasing sales, licenising, fees, and getting additional cash from the sale of non-core patents?
They need to show us the money up front NOW and not dangle a carrot in front of our noses.
PUT UP OR SHUT UP! ! !
PUT YOUR (OUR) MONEY WHERE YOUR MOUTH IS! !
MAKE A STAND -- NO BONUSES, RSU's, etc. UNTIL Nokia, LG, ZTE, and Huawei are signed and non core patents are sold.
That should be the shareholder's challenge to the BOD and Management!
Hope the following questions are raised at the conference call this AM by someone who has the guts to ask:
1. No bid for company -- did Merritt mean no bids from suitors that met a minimum price set by InterDigital?
2. Were there any 'low ball' offers for the entire company presented to Evercore or Barclays that they did not pass to IDCC because of a starting point in the Stragegic Review?
3. Did someone approach IDCC with a proposal for a buyout or merger and then IDCC decided to do the strategic alternative?
4. Is IDCC continuing discussions with anyone who paricipated in the Strategic Review?
5. Now that suitors have examined the books of the company and licensing agreements, will IDCC lighten up and begin to disclose terms of agreements so that shareholders and analysts can make better projections of earnings?
Accumulate Accumulate up past $41 please. Hopefully one nice long hike up to 43
Good Point! Hail Romuluss on that one.
Share buyback is has always been a total waste of money and a great predicament of future share price decline..
InterDigital, Inc. (NASDAQ: IDCC) today announced that its patent holding subsidiaries have entered into an amendment of its worldwide royalty-bearing patent license agreement with Sierra Wireless, Inc. to include a license for products designed to operate in accordance with 4G wireless technologies, including LTE, LTE-Advanced, and WiMax™.
As usual.....they left shareholders in the dark and neglected to include any dollar amounts or terms in the press release.
WHAT'S A DIVIDENT?
MJPLIFE,
A share buyback is a waist of money. you want to support your stock you RAISE YOUR DIVIDENT!!
dndodd ...then to paraphase ...we received no bids and/because his valuation is not all that inflated per the rumors nor does the company. Is that what you meant?
A bit softer reaction then I would have liked??...too much Gloom...not enough Boom
what no one mentioned is that idcc resumed their share buyback.
No and I didn't leave any words out.
solid Beat...
http://www.forbes.com/sites/ericsavitz/2012/02/23/interdigital-q4-tops-street-seeks-to-sell-some-patents/?partner=yahootix
Plus...Plenty of Cash...Share Repurchase program re-enacted and continuing...Don't blink, one day something Big will happen...
...jk...
ARE YOU CONTRADICTING YOURSELF?
Earnings beat? or not??
On January 23, 2012, the company had announced that it expected fourth quarter 2011 revenue to total $74.2 million. The $2.8 million increase in revenue from the company's previous announcement was due to the recognition of past sales revenue related to a fourth quarter 2011 royalty receipt.
Analyst may have this factored
IDCC 4Q Beats...??!...49c/shr EPS...$77 mln. revs...
DJ news...
...jk...
I don't believe his valuation is all that inflated per the rumors nor does the company. Thus no bids.
BoomandGloom
They just signed a deal. This doesn't mean they will not sign more remember it has just been a short period of time since they said business as usual and already a new licensee.
The leaders of IDCC have made mistakes but they are not fools and they see money in the future of the company. Do you think that IDCC will not do what is best in their interest? Hell they want to make as much as they can the quickest way they can. They may not care about you or me but trust me they love money better than a hog likes slop and for the first time ever we had a group of insider buys, and knowing these greedy folks they will make money.
JMO
Mickey
I understand your POV Mikey, but not getting deals done will hurt Share price more at this point. It will begin to get very ugly:
1.) Strategic Sale= No bids
2.) No new Licensees, old ones drop off
That would be a bad situation IMHO.
See you all on the conf call.
BoomandGloom
I want IDCC to hold off on signing the big boys UNLESS THE RATE WOULD BE WHAT A BUYER WOULD PERCEIVE AS A GOOD RATE. Let the buyer or buyers strike their own deals, but its buy IDCC or pay IDCC and fight the other companies. If you look at all the possibilities for the IDCC patents it actually should be a no brainer for a single or multiple partner companies to step up. They have seen the menu and now they must decide do they want to pay for the meals day after day or buy the restaraunt.
I am pretty sure the rates IDCC sign the smaller fish would be a rate any aquirer would be glad to have. Remember folks Apple was not always so big, in fact they was on the brink of going down till Jobs came back. Signing small companies is good business as small companies grow up to be big companies one never knows but it also strengthens going to court to show what you charge.
JMO
Mickey
Nespresso is as mass market you get! In Europe, Nespresso is as big as GreenMountain K-Cups etc. + Sierra guys are signing deals all over town, so seems like a good move.
Sierra
Folks this is money no matter be it big or small its new money. It may be we are going to see more or rather new revenues for products other than cell phones, thats a good thing. I have said it over and over the machine to machine money will grow very fast as the future is now in that category. Now IDCC needs to license all the other 50% non licensed machine to machine companies.
I still think they hold off licenses from the majors till the month of the annual meeting. Just put up a nice block or maybe 2 blocks of patents that will require besides having to license with IDCC what IDCC has but a license with the owners of these patents will certainly ruffle some feathers and make the decision to maybe license all of the IDCC patents a hell of a lot easier as who wants maybe as high as 10 more companies asking you for money when you can get them all from one?
JMO
Mickey
sjaym
They do if their pitchers are pitching shutouts.
JMO
Mickey
Nespresso and IDCC!!! (Thanks to Sierra):
Nespresso selects Sierra Wireless to provide a comprehensive remote management solution for its range of professional coffee machines
Vancouver, Canada : February 21, 2012 General
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) today announced that Nestlé Nespresso SA, the pioneer and market leader in highest-quality portioned premium coffee, has selected Sierra Wireless to provide a comprehensive machine-to-machine (M2M) cloud platform and hardware solution to provide connectivity for Nespresso coffee machines used in restaurants, hotels, offices, and luxury retail boutiques.
Continue reading
Panasonic Selects Sierra Wireless 4G LTE Modules for Toughpad™ A1 Tablet in North America
Vancouver, Canada and Secaucus, NJ : January 10, 2012 General
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) and Panasonic today announced that Sierra Wireless will provide 4G LTE internal modems in the new rugged Toughpad™ A1 (#Toughpad), Android™-powered business tablet. The purpose-built slate, scheduled to start shipping in the spring of 2012, targets mission-critical and highly mobile workers in markets like aviation, construction, field sales and the public sector, where exposure to extreme environments is a constant challenge and the consequence of a failure is significant.
Continue reading
Sierra Wireless launches 4G LTE AirLink™ Intelligent Gateway – Certified on the Verizon Wireless 4G LTE mobile broadband network
Vancouver, Canada : January 6, 2012 General
That's a great piece of research there. Good find.
This is basically uma calling on a 3G dongle? Accept now in windows 8 ?
http://www.leuveninc.com/event/36/892/Option_and_InterDigital_showcase_new_Bandwidth_Management_solution_at_Mo/
Nok is only a $5.52 stock.. your post is so naive I couldn't help but reply.
Interesting.
Option Wireless stock, Option NV(EBR:OPTI) has doubled in price in the last couple of weeks.
Speculation Option and Microsoft deal
On that exchange, Microsoft will on February 29, the beta version of its latest operating system Windows 8 reveal. And according to experts there would be a scoop of Leuven Technology Option in Windows 8 that sit. It would be "ucan Connection Manager, a software application that optimizes use of mobile data networks. The software offers include 'wifi offloading' to which the data traffic of the 3G mobile phone network automatically to a WiFi network is derived when a network is available. Also, various compounds at the same time are combined, so as to guarantee an optimal data connection.
Last year, Option a deal with the American InterDigital to integrate that technology in ucan. It seems likely that the latest Windows 8 contains the same functionality that Option's product offers.
In response says Option CEO Jan Callewaert not to dwell on the issue. The company is currently there in the "quiet period" following the results next year.
http://www.standaard.be/artikel/detail.aspx?artikelid=QG3MEP5O
Wow! IDCC formed an alliance with a $7.43 stock! To use a baseball analogy: A team of [0.100] hitters "ain't" going to win many championships!
TO ALL,
This last minute annoucement about SIERRA is nothing but a saving face BS. from mgt. before FACING the real world tomorrow and all the questions to be asked by the analysts. I repeat what I said many times: SHOW ME THE MONEY; I want detail, detail and more detail about the deal; otherwise it is more smoke and mirrors.
Again I am waiting for the ULTIMATE RESOLUTION of the CAFC:
NO WIN = NO IN
Thank you OldDog for that answer. Basically combi unit means that we are already, in many instances, just getting a royalty based on the actual baseband / cellular component, which, to be honest, is fair.
So there is, in fact, not too much to fear from Apple,s position?
Regards and many thanks for your thoughtful answer.
B&G
BandG: Apple's comments are mostly a rehash of ideas that had previously been put out regarding FRAND. Over the years there have been many company proposals and academic studies about what FRAND should be. However there has never been a general consensus. "Expert" commentaries have been both pro and con as to specific proposals.
ETSI has somewhat distanced itself from coming out with anything more specific, and there is always the problem of a possible anti trust violation if one specific type of proposal is agreed upon.
In regard to the proposal to use the selling price of a basic mobile phone when computing royalties, instead of the actual selling price for a smartphone, IDCC's license with Sony/Ericcsson basically did that. Note the following definitions from the licenses, in regard to what was called a "Combi-Unit".
"Combi-Units" means a Subscriber Unit that has substantial functionality unrelated to voice and data communications such as: (a) a computer, or a fully featured PDA, or (b) a handset-like device, but with one or more of the following integrated functionalities: (i) an enhanced display (more than 4,000
colors), (ii) some meaningful PIM (personal information management) functionality, (iii) enhanced multimedia capability which may include a camera and/or an ability to do video and audio streaming (real player), and/or the ability to play music, (iv) memory stick or similar high function memory transfer device and/or (v) enhanced wireless non-infrared connectivity (such as
802.11, ILink, fire wire/IEEE1394). For example, the Sony Ericsson P-800 would be a Combi-Unit but a T68i would not since the T68i has an external camera, sold separately.
"Deemed Price," with respect to:
(a) any Covered Terminal Unit, (other than a Combi-Unit or Module) shall mean the Net Selling Price (as defined below) of such Covered Terminal Unit.
(b) a Combi-Unit, shall mean the lesser of(i) the Net Selling Price of the Combi-Unit or (ii) the average Net Selling Price of Covered Terminal Units (excluding Combi-Units and Modules) using the same technological standard as the Combi-Unit at issue (for example, GSM, GSM/GPRS, GSM/GPRS/EDGE).
OT...nokiashill...Being a fisherman, I can understand your statement. Any other interpretation, I am at a loss to comprehend.
a small fish can only eat smaller fish
Apple's argument makes total sense: (thanks Nicmar for the great post)
Furthermore, Apple argued that royalty payments should not be based on the variable price of products that leverage 3G networking, but rather on a common value determined by the industry standard pricing for basic 3G communications hardware. What Apple is arguing here is that the royalties should not apply to an entire iPhone or iPad, but rather to the basic hardware for 3G wireless radios.
So
iPad 2 is $499 wifi
iPad 2 is $629 3G
3G is now $129,
So $129 must be able to pay for 3G equipment and ALL FRAND patents....
So if IDCC had 5% of FRAND licensed patents, they would get 5% of $129 less manufacturing cost of 3G basebands.
Voila?
Now 10 cents apple is paying per IPhone seems reasonable?
Hey hock, I suppose you're right, but does that make it kind of like an apple license? :) .. nic
Nic...Certainly you must know by now that before- and after-market trading is nothing but tape-painting.
Also, with a revenue run rate of about $500M per year, even if we got 2% on their entire sales, it would only be $10m per year. Very small fish.
Right zip. Shades of son's pnokia. .. nic
Well dang!! We get a 4g license and the last ah trade is 38.44, down 18 cents. Must be the encumberance of the patents we now have. .. nic
Apple enters this arena with "dirty hands". They are known for their proclivity for refusing to pay license fees even if demonstrably reasonable. They prefer to litigate and use their awesome cash horde to bully license holders into unreasonably low fees. Idcc is a prime example of this. No doubt they will be doing the same thing when their present license agreement with Idcc, which is for a fee of less than 10 cents a phone, expires in two years. Meanwhile they are crying "Help me. I'm being abused".
From 9-9-9 to 7-7-7; 7G for 7 cents in 7 years. LOL.
"a 4g license out.......... hope its more than 7 cents"
Ok ellis and amc. I think I got it. Bring on the feathers fish. :) :) .. mo.. nic
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