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jeffree so you are saying that only 18,000 shares traded from 'retail' transactions?
felix7, They did take a few questions at the Webcast Annual Meeting; mine was one of them about a special dividend.
They seem to have a generic non committal response to anything asked, so you don't really get a real yes or no answer to any questions asked.
If we could only ask questions at the quarterly conference calls on earnings, it would be better, since our analysts don't ask anything we would like answers to.
JMO
my3sons87: I don't understand why QCOM / APPl amd other litigants not involved with IDCC get resolved what appears to be 'quickly' while our cases drag on and on and on!
Are we wiomps in trying to get through the legal system or are others much better and knowledgeable then our legal representatives in how to get results quicker?
Curious minds want to know!
Here’s What Hedge Funds Think About InterDigital, Inc. (IDCC)
Reymerlyn Martin, Insider Monkey June 24, 2019
How do we determine whether InterDigital, Inc. (NASDAQ:IDCC) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows that their consensus long positions have historically outperformed the market when we adjust for known risk factors.
InterDigital, Inc. (NASDAQ:IDCC) was in 16 hedge funds' portfolios at the end of the first quarter of 2019. IDCC shareholders have witnessed a decrease in enthusiasm from smart money in recent months. There were 21 hedge funds in our database with IDCC positions at the end of the previous quarter. Our calculations also showed that IDCC isn't among the 30 most popular stocks among hedge funds.
In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's flagship best performing hedge funds strategy returned 25.8% year to date (through May 30th) and outperformed the market even though it draws its stock picks among small-cap stocks. This strategy also outperformed the market by 40 percentage points since its inception (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.
John Overdeck of Two Sigma
John Overdeck of Two Sigma
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We're going to view the new hedge fund action regarding InterDigital, Inc. (NASDAQ:IDCC).
Hedge fund activity in InterDigital, Inc. (NASDAQ:IDCC)
At the end of the first quarter, a total of 16 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -24% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards IDCC over the last 15 quarters. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
IDCC_jun2019
IDCC_jun2019
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According to Insider Monkey's hedge fund database, Jim Simons's Renaissance Technologies has the number one position in InterDigital, Inc. (NASDAQ:IDCC), worth close to $73.5 million, comprising 0.1% of its total 13F portfolio. Coming in second is D. E. Shaw of D E Shaw, with a $43.9 million position; 0.1% of its 13F portfolio is allocated to the company. Other peers that hold long positions consist of John Overdeck and David Siegel's Two Sigma Advisors, Robert Rodriguez and Steven Romick's First Pacific Advisors LLC and Noam Gottesman's GLG Partners.
Since InterDigital, Inc. (NASDAQ:IDCC) has faced a decline in interest from the smart money, logic holds that there lies a certain "tier" of hedge funds who were dropping their positions entirely last quarter. Intriguingly, Paul Marshall and Ian Wace's Marshall Wace LLP sold off the biggest stake of all the hedgies monitored by Insider Monkey, comprising an estimated $3 million in stock, and Matthew Tewksbury's Stevens Capital Management was right behind this move, as the fund dropped about $2.2 million worth. These moves are important to note, as total hedge fund interest was cut by 5 funds last quarter.
Let's go over hedge fund activity in other stocks - not necessarily in the same industry as InterDigital, Inc. (NASDAQ:IDCC) but similarly valued. These stocks are Mantech International Corp (NASDAQ:MANT), Lithia Motors Inc (NYSE:LAD), GCP Applied Technologies Inc. (NYSE:GCP), and Golar LNG Limited (NASDAQ:GLNG). All of these stocks' market caps are similar to IDCC's market cap.
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position MANT,12,16915,2 LAD,17,536544,-3 GCP,26,539333,10 GLNG,28,423133,-4 Average,20.75,378981,1.25 [/table]
View table here if you experience formatting issues.
As you can see these stocks had an average of 20.75 hedge funds with bullish positions and the average amount invested in these stocks was $379 million. That figure was $173 million in IDCC's case. Golar LNG Limited (NASDAQ:GLNG) is the most popular stock in this table. On the other hand Mantech International Corp (NASDAQ:MANT) is the least popular one with only 12 bullish hedge fund positions. InterDigital, Inc. (NASDAQ:IDCC) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 20 most popular stocks among hedge funds returned 6.2% in Q2 through June 19th and outperformed the S&P 500 ETF (SPY) by nearly 3 percentage points. Unfortunately IDCC wasn't nearly as popular as these 20 stocks (hedge fund sentiment was quite bearish); IDCC investors were disappointed as the stock returned -2.7% during the same time period and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 20 most popular stocks among hedge funds as 13 of these stocks already outperformed the market so far in Q2.
Disclosure: None. This article was originally published at Insider Monkey.
squing: where you going? New board ?
InterDigital Takes Part in Wireless Technology Demo at EUCNC
Zacks Equity Research
June 20, 2019
InterDigital, Inc. IDCC has announced its participation in two significant wireless technology demonstrations at the European Conference on Network and Communications (EUCNC) this week. The company continues to play a crucial role by contributing wireless technology intellectual property and coordination.
It intends to exhibit specific application for 5G network resource slicing to meet Ultra-reliable low latency communication and enhanced Mobile Broadband goals, and ultra-high throughput encoder and decoder solutions for various use cases beyond 5G.
InterDigital’s commitment toward licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is laudable. The company’s global footprint, diversified product portfolio and ability to penetrate in different markets instill optimism.
InterDigital aims to enhance its licensing revenue base by adding licensees and expanding into adjacent technology areas that align with its intellectual property position. In the first demo, the wireless R&D company plans to display how the H2020 5G-CORAL architecture — a distributed and virtualized computing hierarchy — can be used to support simultaneous 5G slices for a remote robotic control and actuation application, based on adaptive 360-degree video technology.
The company is optimizing its strength in core wireless licensing business. It remains poised to benefit from future growth opportunities, fueled by the 5G rollout. In the second demo, the EU EPIC consortium, — consisting of eight partners from seven different countries (Austria, Belgium, France, Germany, Sweden, Turkey and United Kingdom) — will highlight its progress in solving the ultra-high throughput encoder and decoder challenges for beyond 5G wireless systems.
Moreover, in November 2018, InterDigital and other members of the 5G-CORAL consortium conducted their first 5G trial at Global Mall Nangang Station Store in Taipei, Taiwan. The trial was substantial in demonstrating how 5G can effectively work across a modern network deployment. The company aims to become a leading designer and developer of technology solutions and innovation for the mobile industry, IoT and allied technology areas by leveraging its R&D capabilities, technological knowhow and rich industry experience.
InterDigital has long-term EPS growth expectation of 15%. It remains committed to its objective of expanding revenue sources while controlling expenses. The stock has lost 23.9% against the industry’s rise of 12.1% in the past year. Nevertheless, management provided healthy revenue guidance for second-quarter 2019, with an expectation of $73-$77 million.
Could InterDigital, Inc.'s (NASDAQ:IDCC) Investor Composition Influence The Stock Price?
Simply Wall St.•June 20, 2019
The big shareholder groups in InterDigital, Inc. (NASDAQ:IDCC) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Companies that have been privatized tend to have low insider ownership.
InterDigital has a market capitalization of US$2.0b, so we would expect some institutional investors to have noticed the stock. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholder can tell us about IDCC.
View our latest analysis for InterDigital
NasdaqGS:IDCC Ownership Summary, June 20th 2019
What Does The Institutional Ownership Tell Us About InterDigital?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
As you can see, institutional investors own 78% of InterDigital. This suggests some credibility amongst professional investors. But we can't rely on that fact alone, since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of InterDigital, (below). Of course, keep in mind that there are other factors to consider, too.
NasdaqGS:IDCC Income Statement, June 20th 2019
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in InterDigital. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Insider Ownership Of InterDigital
The definition of company insiders can be subjective, and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
I can report that insiders do own shares in InterDigital, Inc.. It is a pretty big company, so it is generally a positive to see some potentially meaningful alignment. In this case, they own around US$29m worth of shares (at current prices). It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently.
General Public Ownership
With a 21% ownership, the general public have some degree of sway over IDCC. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important.
Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow .
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
thanks, I had to reconnect to the website.
Anyone linked into the annual meeting?
I HWe no muaix
STILL TIME TO CAST YOUR VOTES ONLINE.
LOOK at the cuirrent share price (close to the 52-week low).
LOOK at the NEW licenses they have signed
LOOK at the performance to their goals.
LOOK at the promises made and not achieved.
THEN, CAST YOUR BALLOTS. VOTE based on the answers to those questions.
QUESTION ON VIRTUAL ANNUAL MEETING
In the past, we were able to email questions for the annual meeting. I see no reference allowing shareholders to ask questions at this meeting.
Has InterDigital found a way to hold an annual meeting without responding to questions from shareholders? This sucks if they have !
ANYONE KNOW ANYTHING MORE ?
5G for Connected Cities Predicted to Generate US$17 Trillion by 2035, Reveals ABI Research
GlobeNewswire• June 7, 2019
5G connected cities services set to play important role in economic growth
WILMINGTON, Del., June 07, 2019 (GLOBE NEWSWIRE) -- 5G will generate trillions of dollars in direct, indirect contributions and productivity gains, according to a new study conducted by ABI Research and commissioned by InterDigital, Inc. (IDCC), a mobile technology research and development company. The study, which examined the growth opportunities for next-generation wireless technologies in urban environments, also revealed how 5G would underpin future vertical services and spur the proliferation of connected cities.
In the new study entitled, ‘5G urban deployment: debunking the capex myth and unlocking new growth’, ABI Research highlighted increased revenue opportunities through 2028 in three separate areas as a result of 5G:
US$2.4 trillion in direct contributions: mostly driven by end-user subscriptions for connectivity services. This compares with US$1.1 trillion with 4G.
US$866 billion in indirect contributions: these include increases in the supply chain from devices, infrastructure, applications, advertising and other products or services. This compares with US$500 billion in 2018 on 4G.
US$3.2 trillion in productivity gains: these refer to better workforce efficiency due to the availability of connectivity throughout cities.
The survey particularly highlights the role of connected cities in the US$17 trillion in economic growth 5G is expected to generate by 2035. According to the findings, mobile operators should take bold steps to deploy 5G mobile broadband connectivity more aggressively in cities over the coming years. The study also highlights how the introduction of 5G in urban areas can create a new wave of enterprise vertical use cases that will redefine consumer lifestyles and enterprise operations in cities. The dense population of urban areas will allow mobile operators to better monetize new 5G services without massive investment or a long ROI cycle.
Early commercial 5G deployments have already been announced, with examples across the globe in the United States, China, Japan, South Korea, and the United Kingdom, supported by infrastructure vendors that have started to ship 5G-capable network equipment. The first 5G-related use cases will be fueled by enhanced Mobile Broadband (eMBB), but advanced and use-case enabling 5G features, such as Ultra-Reliable Low-Latency Communications (URLLC) and Massive Machine Type Communications (MMTC) will start to appear as early as 2020. A number of technologies are contributing to this development, including private cellular, millimeter wave (mmWave), small cells, fixed wireless access, and telco cloud/edge.
“We expect 5G deployment to begin to place huge pressures on mobile operators over the next couple of years as they look to compete to capitalize on its revenue potential,” said Henry Tirri, CTO, at InterDigital. “Many are trying to understand how they will monetize this next generation of wireless technology, and most importantly, how they’ll deliver ROI from it. But while there may still be several questions and doubts surrounding 5G monetization, these findings clearly demonstrate the growth opportunities that 5G is set to bring about. While CAPEX and OPEX investments will be high, it is evident that 5G technology will radically change our ability to deliver new and innovative consumer and enterprise services, and help dictate the trajectory of our future global economy.”
Commenting on the findings, analyst Dimitris Mavrakis from ABI Research said: “We have reached a critical point today where our global economy is heavily reliant on our ability to deliver new technological services. 5G has the potential to completely change our every day lives, but only if mobile service providers can roll out 5G in a way that makes economical and logical sense – that is, to start with mobile broadband connectivity deployments in urban areas to create the right use cases that will justify investments in CAPEX and OPEX.”
The full whitepaper is available to download here: https://idcc.me/2wvWST7
NOW WHAT THE HECK IS GOING ON?
InterDigital Announces Proposed Private Offering of $350 Million of Senior Convertible Notes
Company Release - 5/29/2019 7:00 AM ET
WILMINGTON, Del., May 29, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. ("InterDigital") (Nasdaq:IDCC) announced that it intends to offer, subject to market and other conditions, $350 million aggregate principal amount of Senior Convertible Notes due 2024 in a private offering. The notes will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Act"). InterDigital also expects to grant to the initial purchasers of the notes a 13-day option to purchase up to an additional $50 million aggregate principal amount of notes, solely to cover over-allotments, if any.
The notes will pay interest semi-annually in cash on June 1 and December 1 and will mature on June 1, 2024. Prior to March 1, 2024, 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. Conversions of the notes will be settled in cash, shares of InterDigital's common stock or a combination thereof, at InterDigital's election. The interest rate, the conversion rate and certain other terms of the notes will be determined by negotiations between InterDigital and the initial purchasers of the notes.
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 described below, to fund the cost of the convertible note hedge transactions described below. The remaining net proceeds from the offering of the notes will be used for the repurchase of a portion of InterDigital’s existing 1.50% senior convertible notes due 2020 (the “2020 notes”) in privately negotiated transactions concurrently with the offering of the notes, the repurchase of up to $50 million of shares of InterDigital common stock from institutional investors through one of the initial purchasers or its affiliate, as InterDigital's agent, concurrently with the pricing of the offering of the notes, and for general corporate purposes, which may include, among other things, the repurchase, redemption or other retirement of any remaining 2020 notes.
In connection with the pricing of the notes, InterDigital expects to enter into one or more privately negotiated convertible note hedge transactions with certain financial institutions, which may include one or more of the initial purchasers of the notes or their affiliates (the "hedge counterparties"). The convertible note hedge transactions collectively are expected to cover, subject to customary anti-dilution adjustments, the aggregate number of shares of InterDigital common stock that will initially underlie the notes. InterDigital also expects to enter into one or more privately negotiated warrant transactions with the hedge counterparties whereby InterDigital will sell 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. In addition, if the initial purchasers exercise their over-allotment 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.
In connection with the contemplated repurchase of the 2020 notes, InterDigital expects to enter into agreements with the dealers party to certain convertible note hedge transactions related to such 2020 notes (the “Existing Note Hedges”) to unwind a corresponding portion of the Existing Note Hedges. InterDigital also expects to enter into agreements with such dealer counterparties to unwind certain warrant transactions sold at the time of issuance of the 2020 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 concurrently with, or shortly after, the pricing of the notes. 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.
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.
InterDigital Issues Guidance For Second Quarter 2019
GlobeNewswire• May 28, 2019
WILMINGTON, Del., May 28, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (IDCC), a mobile technology research and development company, today provided revenue guidance for second quarter 2019.
The company expects total second quarter 2019 revenue to be between $73 million and $77 million, which includes less than $1 million in past sales. This revenue guidance does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any arbitration or dispute resolutions that may occur, during the balance of second quarter 2019.
As previously announced, the company expects to close the pending acquisition of Technicolor’s R&I team at the end of this month. The company expects its second quarter 2019 operating expenses to be approximately $3 million to $5 million above first quarter 2019, with the increase being driven entirely by one-time integration costs and recurring expenses associated with the acquisition of the R&I team.
Furthermore, the company estimates that it will recognize a one-time non-operating gain between $5 million and $10 million associated with this transaction during second quarter 2019.
All of the above expectations surrounding the pending acquisition are based on estimates and preliminary accounting conclusions.
InterDigital Brings EdgeLink Solution to Rutgers University
Zacks
Zacks Equity Research
,Zacks • May 27, 2019
Per media reports, InterDigital, Inc. IDCC recently announced that its EdgeLink solution has been made available to Rutgers University in New Jersey, with an aim to be included in the Platforms for Advanced Wireless (PAWR)-funded COSMOS testbed in New York City.
The wireless R&D company’s EdgeLink is an integrated millimeter wave Mesh transport technology with a centrally controlled Mesh software. The solution allows researchers to develop and test mesh networking algorithms over 60GHz mmWave radio links.
COSMOS is a joint project involving Rutgers University, Columbia University and New York University, along with several partner organizations. Reportedly, the testbed would be deployed in Manhattan and will comprise 40 to 50 advanced software-defined radio nodes, coupled with fiber-optic networks.
Markedly, the testbed aims to support the experimentation of next-generation wireless technologies and applications that focus on ultra-high bandwidth and low latency wireless communication, along with edge cloud computing.
InterDigital is optimizing its strength in core wireless licensing business. It has taken steps to drive shareholder value through the buyout of Technicolor licensing business. This has created significant new licensing opportunity in the video and consumer electronics markets.
The company has also made an offer to acquire the Research & Innovation unit of Technicolor SA, a technology leader in the media and entertainment sector. It is poised to benefit from growth opportunities, fueled by the 5G rollout. Strategic acquisitions are expected to be accretive to InterDigital’s financials and contribute to its long-term growth.
InterDigital has long-term EPS growth expectation of 15%. The stock has incurred an average loss of 18.9% against the industry’s rise of 6.2% over the past year. It is to be seen whether state-of-the-art solution offerings can help turnaround the company’s profitability in the near future.
InterDigital’s commitment toward licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is laudable. Its global footprint, diversified product portfolio and ability to penetrate in different markets are impressive.
Currently, InterDigital has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Harris Corp. HRS, Ubiquiti Networks, Inc. UBNT and Juniper Networks, Inc. JNPR, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
InterDigital Delivers EdgeLink Solution to New York COSMOS Wireless PAWR Testbed
InterDigital’s EdgeLink mesh network controller and orchestrator to be used in R&D collaboration in gigabit low latency wireless networking
Company Release - 5/23/2019 4:00 AM ET
WILMINGTON, Del., May 23, 2019 (GLOBE NEWSWIRE) -- InterDigital (NASDAQ: IDCC), a mobile technology research and development company, today announced that its EdgeLink solution has been delivered to Rutgers University in New Jersey, USA, to be included in the Platforms for Advanced Wireless (PAWR)-funded COSMOS testbed, in New York City. The testbed aims to support the real-world experimentation of next-generation wireless technologies and applications that focus on ultra-high bandwidth and low latency wireless communication, coupled with edge cloud computing.
EdgeLink is a Software Defined Networking (SDN)-controlled millimeter wave (mmWave) transport solution that will enable researchers to develop and test mesh networking algorithms over 60GHz mmWave radio links in an urban environment. EdgeLink supports multi-hop mesh network topologies that are ideal for small cell fronthaul and backhaul, and fixed wireless access applications. Additionally, a central controller together with an orchestration application allows for the creation of individual transport slices and the management of per-slice service level agreements (SLAs).
“We are excited to be working with InterDigital’s EdgeLink solution and deploying it in the COSMOS testbed in NYC,” said Ivan Seskar, Program Director, COSMOS. “EdgeLink will play a key role in understanding how mmWave links controlled by a programmable controller can be successfully utilized in a dense urban environment like NYC. This will prove particularly important as we rapidly move towards 5G, and there’s no doubt that EdgeLink will contribute considerably to our research efforts.”
Commenting on the announcement, Doug Castor, Senior Director at InterDigital, said: “With 5G soon to become a reality, it is solutions such as EdgeLink that will help researchers discover the potential of gigabit speed, low-latency wireless networks that will be cheaper to deploy, run and manage. We look forward to working with the COSMOS team and other testbed users to explore advancements in wireless technology and applications that will take us beyond 5G.”
COSMOS is a joint project involving Rutgers University, Columbia University and NYU, along with several partner organizations including New York City, CCNY, University of Arizona, Silicon Harlem and IBM. The testbed will be deployed in Manhattan, New York and will consist of 40-50 advanced software-defined radio nodes, along with fiber-optic fronthaul and backhaul networks, and edge and core cloud computing infrastructure.
The COSMOS testbed is part of the wider PAWR project initiative, a research consortium of 28 US companies and associations – including InterDigital – and funded by the National Science Foundation (NSF). PAWR is dedicated to the experimental exploration of robust new wireless devices that will revolutionize the wireless ecosystem of North America. The PAWR Project Office (PPO) manages the $100 million partnership and oversees the development and funding of the research platforms. The PPO is co-led by US Ignite, Inc., and Northeastern University.
Information on how to access InterDigital’s open source software will be available via the COSMOS website at https://cosmos-lab.org/
About InterDigital®
InterDigital develops mobile 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 and a richer multimedia experience 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 and is included in the S&P MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
InterDigitalLogo-2016.jpg
Source: InterDigital, Inc.
U said thi years ago.
In banki data processing, you would reference custom code for specific banks with a reference number. Then, when you came to that sector of the program it would look at the reference points and execute or bypass the function for specific banks.
It would probably be easy to reference code for telecom IP and assign each vendor with a check number. then, when someone dials a number, it goes through the code and if it finds no authorisation to use the program, it boots your call out.
Can you imagine how many users would bitch if their alls were not connected.
I woul bet that infringers would jump to sign agreements rather than face the wrath of the consumer.
JMO
What we really need is for someone to buy ous out at $90-$100 and put us out of our agony over the future of this stock.
If we still like the direction, we can buy shares in whoever acquires us.
JMO
my3sons87: What are we winning?
WOW - Now up $0.33. Something's brewing fore sure !
pochemunyet: somebody knows something -- stock is up now by $0.17
pochemunyet: somebody knows something -- stock is up now
jeffree, are you smoking some of those cannabis stock certificates you own ?
LOL
my3sons87: Do you think when a trade agreement is reached the chinese companies (ZTE and all other unlicensed IPR users) will come to IDCC and say:
OK we have trade agreement, how much do we owe you?
or
We will begin licensing from you on lower terms beginning today?
or
"Business as usual" == We are not infringing! Catch us if you can! Sue us - we will tie it up in court for years!".
We no pay! We have no money!
Any trade agreement reached will be for tangible hard goods and not Intellectual Property.
JMO
Didn't someone post Big-Block-activity a while back?
Wish that was available again, especially for the last couple of days.
TIA
mICKEYBRITT and LARANGER -- what a team up there ! !
I am hearing 'A SCREAMING BUY and LOTS OF OREENO'S in the sky!
God Bless them Both ! ! ! ! !
I would like to challange the Board of Directors to make a bold statement showing their confidence by DECLARING A SPECIAL DIVIDEND OF $2.00 PER SHARE, PAYABLE THE DATE OF THE ANNUAL MEETING.
Today after the market closes would be gret, but Monday morning would even be good.
Don't wait too long -- strike when the iron is hot !
oOK Mr. Chairman -- what do you say?
Like Nike says, JUST DO IT !!!
DELETED BY AUTHOR
DIVIDEND REINVESTMENT PLANS -- NO BIG DEAL !
HELP ! IDCC'S FALLEN AND IT CANT GET UP!
oNE HOPE HERE -- IS idcc BUYING BACK ITS SHARES ?
On the other side, Qualcomm IS able to execute ! ! !
Up $5.00 today.
Stock has been on a terror the last few days, after reaching a settlement with Apple.
InterDigital To Showcase 5G Experimentation Platforms At Brooklyn 5G Summit
InterDigital to demonstrate its AdvantEDGE™ and 5G NR 28GHz platforms
Company Release - 4/23/2019 8:30 AM ET
WILMINGTON, Del., April 23, 2019 (GLOBE NEWSWIRE) -- InterDigital (NASDAQ: IDCC), a mobile technology research and development company, will be showcasing two platforms that are spearheading development for 5G technologies at the Brooklyn 5G Summit 2019, which takes place April 23-26 at the NYU Tandon School of Engineering. InterDigital’s AdvantEDGE and 5G New Radio (NR) 28GHz platforms are open, customizable research testbeds that help designers and developers prototype and experiment technologies integral to the future of 5G.
InterDigital’s AdvantEDGE is a mobile edge emulation platform. It enables edge network and application developers to prototype, experiment and validate edge applications and services in an agile environment. By mimicking network characteristics, including latency, packet loss and throughput, across distant cloud, edge and terminals, developers can analyze the placement and associated latencies of services and applications in the 5G edge network.
The demonstration of AdvantEDGE at the Brooklyn 5G Summit will showcase an autonomous drone system operating in a dense urban environment, where buildings and other obstacles can block sensors and prohibit safe operation. By deploying an Edge Collaborative Collision Detection and Avoidance (DAA) service at the ‘extreme edge’ of the network, airspace collision points can be computed in order to issue resolution advisories, which result in the drones avoiding hazards.
InterDigital will also be showcasing its 5G NR 28GHz platform. This platform is designed for researchers by using Software Defined Radio (SDR) techniques and a small form factor two-unit configuration. The platform consists of an outdoor ready, 64 element array mast head with beamforming capability and an SDR processing unit. The PHY has been designed with standardized API between PHY and MAC allowing for collaborations with third party Layer 2 and 3 software protocol stacks, such as OpenAirInterface™. A live demonstration at the summit will showcase an over-the-air 5G NR 28GHz beam-steering radio connection with real-time metric reporting capabilities to aid researchers.
“As a research company, InterDigital is in a unique position to deliver hardware and software platforms that are designed specifically to be used by research partners. With 5G deployment, this is even more important: 5G opens the door to new application types and use cases, and it’s important for the industry to have platforms and environments where they can experiment with current and future 5G technologies and services and develop those capabilities,” said Douglas Castor, Senior Director at InterDigital. “Both the AdvantEDGE and 5G NR 28GHz platforms help to advance the delivery of services that rely on ultra-low latency. Our demonstrations at the Brooklyn 5G Summit will show how our platforms are acting as catalysts for innovation that brings the industry closer to the reality of the 5G experience.”
InterDigital has played an instrumental role in the development of multiple generations of wireless technologies, from 2G to 3G, 4G and now, in the development of 5G. It participates in 5G research testbeds across the globe, including European Horizon 2020 projects and the National Science Foundation’s Platform for Advanced Wireless Research (PAWR), where it is a founding member.
Apple, Qualcomm settle royalty dispute, and Qualcomm is spiking
PUBLISHED 15 MIN AGO UPDATED MOMENTS AGO
David Faber
@DAVIDFABER
Kif Leswing
@KIFLESWING
Apple and Qualcomm have settled their royalty dispute, the companies announced in a press release.
The settlement includes a payment from Apple to Qualcomm as well as a chipset supply agreement, suggesting that future iPhone may use Qualcomm chips.
Qualcomm stock rose over 13% after the news broke. Apple was up less than 1%.
The two companies started proceedings in a trial in federal court in San Diego on Monday, which was expected to last until May.
In November, Qualcomm CEO Steve Mollenkopf said that he believed that the two companies were on the “doorstep” to settling. Apple CEO Tim Cook contradicted him shortly after, saying that Apple hasn’t been in settlement discussions since the third calendar quarter of 2018.
The complicated legal battle centered around modem chips. For years, Apple bought modem chips from Qualcomm, but chafed under Qualcomm’s prices and requirement that any company using its chips would also pay licensing fees for its patents.
Apple and Qualcomm were not immediately available for comment.
Here is the full press release:
Qualcomm and Apple® today announced an agreement to dismiss all litigation between the two companies worldwide. The settlement includes a payment from Apple to Qualcomm. The companies also have reached a six-year license agreement, effective as of April 1, 2019, including a two-year option to extend, and a multiyear chipset supply agreement.
This story is developing. Please check back for updates.
Apple, Qualcomm settle royalty dispute, and Qualcomm is spiking
CNBC
David Faber
Apple AAPL and Qualcomm QCOM have settled their royalty dispute, sources told CNBC.
Qualcomm stock rose over 10% after the news broke. Apple was up less than 1%.
This story is developing. Please check back for updates.
More From CNBC
https://finance.yahoo.com/news/apple-qualcomm-settle-royalty-dispute-185540756.htm
redviking: Maybe a press release will come monday from InterDigital ?
It would be nice, but, as usual, IDCCC doesn't comment on licensing less than 10% of its revenues.
Maybe one of our analysts will bring this to focus in the next earnings call.
JMO
InterDigital Announces Date For First Quarter 2019 Financial Results
Company Release - 4/8/2019 8:30 AM ET
WILMINGTON, Del., April 08, 2019 (GLOBE NEWSWIRE) --
InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that the company will release its first quarter 2019 financial results before market open on Thursday, May 2nd, 2019. InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time to discuss the company's financial performance and other company matters.
For a live Internet webcast of the conference call, visit http://www.interdigital.com/ and click on the link to the live webcast on the Investors page. The company encourages participants to take advantage of the Internet option.
For telephone access to the conference, call (877) 260-1479 within the United States or +1 (334) 323-0522 from outside the United States. Please call by 9:50 a.m. ET on May 2nd and give the operator conference ID number 8316028.
An Internet replay of the conference call will be available on InterDigital's website in the Investors section. In addition, a telephone replay will be available from 1:00 p.m. ET May 2nd through 1:00 p.m. ET May 8th. To access the recorded replay, call +1 (888) 203-1112 or +1 (719) 457-0820 and use the replay code 8316028.
About InterDigital®
InterDigital develops mobile 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 and a richer multimedia experience 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 and is included in the S&P MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
dndodd: Just curious -- how are you doing with Titan Medical?
I WAS looking at it and then they did the r/S at around $7 and it sunk as low as 1.00+
I see it is now around $2.50, up from its low of slightly north of $1.00.
Still see light at the end of the tunnel?
That's what I say every night ! LOL
InterDigital (IDCC) Down 8% Since Last Earnings Report: Can It Rebound?
Zacks
Zacks Equity Research
,Zacks•March 23, 2019
It has been about a month since the last earnings report for InterDigital (IDCC). Shares have lost about 8% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is InterDigital due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
InterDigital Tops Q4 Earnings and Revenue Estimates
InterDigital reported healthy fourth-quarter 2018 financial results, wherein both the bottom line and the top line surpassed the respective Zacks Consensus Estimate.
Net Income
Net income for the reported quarter was $1.8 million or 5 cents per share (under the revenue recognition standard "ASC 606"), which beat the consensus estimate by 1 cent. The bottom-line figure for the year-ago quarter was $52.5 million or $1.48 per share (under the revenue recognition standard, "ASC 605"). For full-year 2018, net income was $63.9 million or $1.81 per share (per ASC 606) compared with $174.3 million or $4.87 per share (per ASC 605) in 2017.
Revenues
The wireless R&D company’s quarterly revenues totaled $75.3 million, down 63.3% year over year. The reported figure, however, surpassed the Zacks Consensus Estimate of $72 million. The year-over-year decrease in the top line was due to the adoption of new revenue recognition standard (ASC 606) that impacted the company’s revenue recognition from certain of its fixed-fee and per-unit license agreements. While revenues from patent royalties came in at $72 million, the same from current technology solutions were $2.5 million. For full-year 2018, the top line decreased 42.3% to $307.4 million.
Other Quarterly Details
Total operating expenses were $71.5 million, reflecting an increase of 19.9% year over year, mainly due to $18.7 million of costs related to the acquisition of Technicolor SA’s patent licensing business in July 2018. Notably, adoption of ASC 606 did not have any impact on expenses in the reported quarter. Selling, general and administrative (as percentage of total operating expenses) was 17.4% compared with 23.5% in the year-ago quarter. Operating income was $3.8 million compared with $145.7 million a year ago.
Cash Flow and Liquidity
For full-year 2018, InterDigital generated $146.8 million of net cash from operating activities compared with $315.8 million in 2017. For 2018, free cash flow was $112.1 million compared with $278.8 million a year ago.
As of Dec 31, 2018, the company had $945.8 million of cash and short-term investments with $351.5 million of long-term debt and liabilities compared with the respective tallies of $1,158 million and $295.2 million a year ago.
Share Repurchase
During the fourth quarter, the company repurchased 0.9 million shares for nearly $67 million. Moreover, from Jan 1, 2019 through Feb 20, 2019 it repurchased an additional 0.9 million shares for $63.2 million. Notably, $105 million is remaining for repurchase subsequent to the increase in buyback authorization in December 2018.
Outlook
InterDigital is optimizing its strength in core wireless licensing business and has taken steps to drive shareholder value through the buyout of Technicolor licensing business. This has created significant new licensing opportunity in the video and consumer electronics markets. It remains poised to gain from future growth opportunities, fueled by the 5G rollout. The company expects total revenues in first-quarter 2019 to be between $70 million and $75 million, which includes less than $1 million of non-recurring revenues.
How Have Estimates Been Moving Since Then?
Fresh estimates followed a downward path over the past two months. The consensus estimate has shifted -77.78% due to these changes.
VGM Scores
Currently, InterDigital has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Charting a somewhat similar path, the stock was allocated a grade of F on the value side, putting it in the fifth quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
InterDigital has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.