Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hey john, are you still letting the person with the most losing picks win a prize this season?
I have decided to put the shares up
Say it ain't so, loop.
Who on earth categorized the Apple agreement as worth $56mm??
That's what B&S said in their report.
That means there's still another round coming. eom
I think we need to convince whoever is still selling that it's not $56M over 7 years.
Why would IDCC say "we will sign only at the right rate" for over a year, and then cave to a company with small market share like Apple? Doesn't make sense.
Denver
the one interesting point was when she said that idcc had not broken out how much of the increased guidance was from apple.
But in the PR, they said the $20 million was from a "license" - singular, not plural.
In addition, InterDigital expects to receive a $20 million payment in the near future in connection with a recently signed license agreement. The revenue associated with this new agreement is reflected in this updated guidance.
OT: Carolina/Duke. A good rivalry has to be competitive. IIRC, the Yankees still have a huge lead in titles over the Red Sox. And I can't ever remember anyone's nose being broken and blood everywhere when the Yankees and Red Sox play.
They wouldn't do that with Apple, given that Apple has 0% 3G market share at this point. They need to sign 10-15% 3G market share in order to hit their bonus.
"The company’s market cap rose by approximately $150 million dollars, even though the licensing agreement appears to be for $56 million over seven years," said Carpenter. "With that in mind, the share price might have gotten ahead of itself, unless investors are pricing in other deals that they think could happen in the near-term."
Plenty of companies have price-to-sales ratios over 10, so having the market cap rise by about 3 times the supposed value of the deal is not unusual.
Perhaps TC and/or his family got caught without shares. Wouldn't be surprised to see him downgrade next week.
According to a company spokeswoman, the rasied outlook was related to new licensees, but in the update the company was not allowed to name who the licensees were.
Plural, interesting. Is there a company more secretive than Apple? At least we got an 8-K mentioning Apple.
http://news.com.com/8301-13579_3-9773982-37.html
September 7, 2007 12:57 PM PDT
Apple signs iPhone patent deal with Interdigital
Posted by Tom Krazit
Apple has signed a patent-licensing agreement with a company called InterDigital for what appeared to be $20 million, plus ongoing royalties, that covers the current iPhone and hints at a 3G successor.
Interdigital broke the news in a filing with the Securities and Exchange Commission Thursday, amid all the hubbub related to the iPhone pricing flap. The company said it has signed a seven-year licensing agreement with Apple retroactive to iPhone Day that covers the technology used in the iPhone.
Interdigital develops technology that gets mobile phones onto cellular networks. The company's products and designs are used for older cellular standards, like the EDGE network used by the iPhone, but is focusing most of its current development on designing technology for the WCDMA (wideband code division multiple access) and HSDPA (high-speed downlink packet access) standards that power faster 3G networks.
That would imply that Apple's got a faster 3G iPhone in the works, although that's hardly an unexpected development. The company wants to enter the European mobile phone market in 2007, where 3G networks are far more common. And I think it's pretty safe to say that if Apple is still selling iPhones in seven years--when the license runs out--they'll probably have a 3G iPhone or two.
Interdigital didn't specifically address the terms of the agreement in its filing with the SEC. But Friday morning it issued a press release increasing its third-quarter guidance for patent-licensing revenue to a range of $55.5 million to $56.5 million, up from its previous guidance of $53.5 million to $54.5 million. Plus, the company said it "expects to receive a $20 million payment in the near future in connection with a recently signed license agreement. The revenue associated with this new agreement is reflected in this updated guidance." Hmm.... Investors sure liked the news, driving Interdigital's stock up almost 13 percent just before the close of trading Friday.
When CEO Steve Jobs announced the iPhone at Macworld in January, he made sure to note that Apple had filed for more than 200 patents related to the iPhone. But Apple doesn't develop cellular networking technology, of course. An Apple representative did not immediately return a call seeking comment on the Interdigital patent deal.
Topics:Business Stuff, iPhone
Tags:Apple, iPhone, Interdigital
Bookmark:Digg Del.icio.us Reddit
I said "could be" for 3G. eom
Regarding #4, it could also be for 3G. eom
There is more than one ODM making the iPhone, right? You think Apple could be pressuring the one who hasn't signed with IDCC yet to sign?
SM seems to be a big upgrade from RF.
In the 8-K, they said updated guidance would be released in the near future, and it only took a couple hours!
If RF was still the CFO, we'd have to wait for 3 weeks!
BlackBerry 8700 Series
Features
Phone, email, SMS, browser and organizer applications in a single smartphone
Dynamic, highly responsive experience when viewing attachments and graphics, browsing the web and running applications
Full QWERTY keyboard
Bluetooth hands-free headset and car kit support
High resolution LCD screen with light sensing technology
Polyphonic and MP3 ringtones
64MB of memory for application and data storage
Exceptional battery performance
Quad-band support for 850/900/1800/1900 MHz GSM/GPRS and EDGE* or 2100MHz UMTS/W-CDMA* networks
Rated for hearing aids: BlackBerry® 8703e: M4, T4, BlackBerry® 8705g: M3, T3
BlackBerry® 8707g and BlackBerry® 8707v: Tethered modem capability and operate on UMTS/W-CDMA* networks, which allows simultaneous voice and data transfer
BlackBerry 8703e: Tethered Modem support for Ev-DO*, operates on 800/1900 MHz cdmaOne™, CDMA2000® 1X and Ev-DO networks and is GPS-enabled*: Supports Location-Based Services such as turn-by-turn navigation and mapping, resource tracking, continuity of operations or emergency response teams and transportation and logistics
BlackBerry® 8700c availability
North America: United States
BlackBerry® 8700f availability
Europe: Belgium, France, Slovakia, United Kingdom
BlackBerry® 8700g availability
Africa: Morocco
Asia-Pacific: Australia, Guam, Hong Kong, India, Macau, Malaysia, Philippines, Singapore, Taiwan, Thailand
Europe: Austria, Belgium, France, Greece, Germany, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Turkey, United Kingdom
Latin America Anguilla, Antigua and Barbuda, Argentina, Barbados, Bermuda, Brazil, Cayman Islands, Chile, Colombia, Dominica, Ecuador, Grenada, Jamaica, Mexico, Panama, Paraguay, Peru, Nicaragua, St. Kitts and Nevis, St. Lucia, St. Vincent and Grenadines, Trinidad and Tobago, Uruguay
Middle East: Saudi Arabia, United Arab Emirates
North America: United States
BlackBerry® 8700r availability
North America: Canada
BlackBerry® 8700v availability
Africa: South Africa
Asia-Pacific: Australia, Hong Kong, Singapore
Europe: Austria, Belgium, Bulgaria, Denmark, France, Germany, Greece, Italy, Portugal, Spain, Sweden, Switzerland, United Kingdom
Middle East: Egypt
BlackBerry 8703e availability
Latin America: Mexico
North America: Canada, United States
BlackBerry 8705g availability
North America: United States
BlackBerry 8707g availability
Asia-Pacific: Australia, Hong Kong, Malaysia, Singapore
Europe: Bulgaria, Greece, Ireland, Netherlands, Norway, Portugal, Slovenia, United Kingdom
North America: Canada, United States
BlackBerry 8707h availability
Asia-Pacific: Japan
BlackBerry 8707v availability
Africa: South Africa
Asia-Pacific: Australia, Hong Kong, Malaysia, New Zealand, Singapore
Europe: Belgium, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, United Kingdom
*Check with service provider for availability
Apple is an extremely secretive company. eom
Now Sammy will request arb 4 asking for Apple's rates.
IDCC knew of this possibility, and made sure to sign Apple at the highest rate! Sammy doesn't want to elect Apple's rate!
Finally a large American company shows IDCC some respect!
On September 6, 2007, InterDigital, Inc. companies InterDigital Technology
Corporation, Tantivy Communications, Inc., and IPR Licensing, Inc.
(collectively, InterDigital) signed a worldwide, non-transferable,
non-exclusive, fixed-fee royalty-bearing patent license agreement with Apple
Inc. (Apple). Under the seven-year license agreement, effective June 29, 2007,
InterDigital granted a license to Apple under InterDigital's patent portfolio
covering the current iPhone(TM) and certain future mobile phones, if any.
The Company will issue updated financial guidance for third quarter 2007 in the
near future.
APPLE!!!
8-K
InterDigital, Inc. filed this Form 8-K on 09/06/07
================================================================================
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): September 5, 2007
--------------
InterDigital, Inc.
(Exact name of registrant as specified in its charter)
Pennsylvania 1-11152 23-1882087
(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification No.)
781 Third Avenue, King of Prussia, Pennsylvania 19406-1409
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 610-878-7800
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
================================================================================
Item 8.01. Other Events.
InterDigital, Inc.'s wholly-owned subsidiaries InterDigital Communications, LLC
and InterDigital Technology Corporation, (collectively, "InterDigital") received
notice that the U.S. International Trade Commission ("ITC") has voted to
institute an investigation into whether Nokia Corporation and Nokia, Inc.
(collectively, "Nokia") engaged in unfair trade practices by making for
importation into the U.S., importing and selling after importation certain 3G
handsets and components that infringe two of InterDigital's patents. Among the
products identified in InterDigital's complaint in the investigation is Nokia's
N75 handset.
The investigation was prompted by a complaint filed on August 7, 2007, by
InterDigital, in which InterDigital is seeking a permanent exclusion order
barring from entry into the U.S. infringing 3G mobile handsets and components
that are imported by or on behalf of Nokia. In addition, the complaint asks for
a permanent cease and desist order barring further sales of infringing products
that have already been imported into the United States.
The case (No. 337-TA-613) has been referred to ITC Administrative Law Judge Paul
J. Luckern, who will schedule and hold an evidentiary hearing and then issue his
decision in an initial determination. The ITC indicated in its press release
dated September 5, 2007, that the final determination will be completed "at the
earliest practicable time," with a target date being announced within 45 days
after the institution of the investigation. As noted in InterDigital's previous
press release dated August 7, 2007 relating to the action, typical schedules
used by the ITC would result in a trial on the matter by June 2008.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTERDIGITAL, INC.
By: /s/ Lawrence F. Shay
------------------------------------
Lawrence F. Shay
Chief Legal Officer and Government Affairs
Date: September 6, 2007
http://www.usitc.gov/ext_relations/news_release/2007/er0905ee1.htm
September 5, 2007
News Release 07-088
Inv. No. 337-TA-613
Contact: Peg O'Laughlin, 202-205-1819
ITC INSTITUTES SECTION 337 INVESTIGATION ON CERTAIN 3G MOBILE HANDSETS AND COMPONENTS THEREOF
The U.S. International Trade Commission (ITC) has voted to institute an investigation of certain 3G mobile handsets and components thereof. The products at issue in this investigation are mobile handsets capable of operating in third generation ("3G") WCDMA cellular systems.
The investigation is based on a complaint filed by InterDigital Communications, LLC, of King of Prussia, PA, on August 7, 2007. The complaint alleges violations of section 337 of the Tariff Act of 1930 in the importation into the United States of certain 3G mobile handsets and components thereof that infringe patents owned by InterDigital. The complainant requests that the ITC issue a permanent exclusion order and permanent cease and desist orders.
The ITC has identified the following as respondents in this investigation:
Nokia Corporation of Finland; and
Nokia Inc. of Irving, TX.
By instituting this investigation (337-TA-613), the ITC has not yet made any decision on the merits of the case. The case will be referred to the Honorable Paul J. Luckern, an ITC administrative law judge, who will schedule and hold an evidentiary hearing. Judge Luckern will make an initial determination as to whether there is a violation of section 337; that initial determination is subject to review by the Commission.
The ITC will make a final determination in the investigation at the earliest practicable time. Within 45 days after institution of the investigation, the ITC will set a target date for completing the investigation. ITC remedial orders in section 337 cases are effective when issued and become final 60 days after issuance unless disapproved for policy reasons by the U.S. Trade Representative within that 60-day period.
-- 30 --
Restoration of post on IDCC board in response to http://investorshub.advfn.com/boards/read_msg.asp?message_id=22542870
Posted by: spencer
In reply to: mschere who wrote msg# 189037
Date:9/2/2007 3:02:22 AM
Post #189047 of 189047
There were only 8 posts between the article you posted (post #189028) and this post of yours (post #189037). You wouldn't have known that those posts existed, unless you really did NOT have them on ignore.
I Post an article & Link favorable for IDCC and it is followed by EIGHT IGNORES!
http://www.fwdconcepts.com/dsp0822.htm
No. Remember when Google acquired YouTube, even though YouTube was being sued left and right for copyright infringement? They don't care.
8K = PR. EOM
Sorry, I think you are right. I saw the bottom say that 10K was disposed, so I thought that meant the shares. But I think it is just saying that he doesn't have those 10K options anymore, since he exercised them.
Form 4: Merritt exercises 10K options. eom
I thought people were saying QCOM's legal team sucks. So why are we talking about hiring one of their guys?
It's a squeeze when they are panic-covering. eom
We're seeing the squeeze right now! eom
Carpenter's clients must be buying ahead of his report.
They just changed the high to 24.68. eom
It is the same person. EOM
He must know something to be able to be so bold IMO.
It says something that there weren't any discretionary insider sales in the 30s this year. Management never misses a chance to sell near a top, so they must know that good news is coming soon.
A few companies have tried the following strategy to combat short sellers of their stock. On April 19, 2001, Microstrategy released the following PR in which they asked their shareholders to have their shares either taken out of street name or placed into a cash account. The intended effect was to force the shorts to cover, as shares can only be shorted if they are held in street name or in a margin account. In Microstrategy's case, the strategy appears to have been successful, as their stock rose 76% on the day of the PR. But that success was temporary, as their stock went back to pre-PR levels within 3 months.
http://phx.corporate-ir.net/phoenix.zhtml?c=114080&p=irol-newsArticle&ID=167927&highligh....
Press Release
MicroStrategy Issues Letter to Stockholders
VIENNA, Va., April 19 /PRNewswire/ -- MicroStrategy(R) Incorporated (Nasdaq: MSTR), a leading worldwide provider of business intelligence software, today announced that it has sent the following letter to its stockholders:
Dear MicroStrategy Stockholder:
Let me begin by thanking you for your continued support of MicroStrategy. As a stockholder of MicroStrategy, you know that the last year has been a rocky one for all of us in the technology industry. However, as we announced earlier this month, we believe that we have set MicroStrategy upon a successful future course with the implementation of a number of initiatives.
At the beginning of this month we announced a strategic restructuring that we think has considerable promise. Specifically, we announced that we would be focusing on the business intelligence software market, eliminating or downsizing our involvement in non-core technology initiatives, and instituting a number of changes designed to reduce our structural costs. The dual goals of this restructuring are to 1) focus the business on what we do best -- platform software sales; and 2) maximize our ability to achieve our previously stated goal of profitability in 2001. Thus, we have directed the entire firm towards our core offering -- the MicroStrategy Business Intelligence Platform. One core product -- MicroStrategy 7(TM). One core market -- The Business Intelligence Software Market. One core business model -- Enterprise Software. And one core message -- Best in Business Intelligence(TM).
In connection with the corporate restructuring described above, we also successfully refinanced the $125 million in Series A Convertible Preferred Stock held by outside investors. This refinancing effectively removed significant uncertainty by converting a variable security that could have resulted in significant dilution to existing shareholders into a combination of common stock, cash, fixed rate securities and securities that carry a fixed rate until their three year maturity. We believe this refinancing is good for our existing shareholders and will make it easier for new investors to properly value and invest in our company.
We also announced that the United States District Court for the Eastern District of Virginia has approved the previously announced settlement of the consolidated securities class action lawsuit filed against the company and certain of its officers and directors relating to the company's restatement of financial results for 1997, 1998 and 1999. The court recognized that the settlement is in the best interests of both the shareholders and the company and will allow us to focus on executing our strategic plans and building value for our shareholders.
Thus, the last few months have been busy ones as we have worked hard to fulfill our promise of creating a leading software business with short and long-term value. I am happy to tell you that the entire MicroStrategy management team is fully committed to achieving this goal.
We Would Like Your Help. However, there is something that you might be able to do to help us, and in the process, help yourself. As you know, like many stocks in the technology industry, MicroStrategy's has been recently trading at a low share price level. Although general market sentiments about technology stocks and our company have undoubtedly played a major role in the recent price of our stock, management believes that the current stock price is also attributable in part to heavy selling pressure from "short selling" in the marketplace. Therefore, let me take a minute to explain "short selling" and what we think you can do to help.
Effect of Short Selling on a Company's Stock Price. In "short selling," traders sell stock they do not own by borrowing shares from a broker that need to be returned at a later date. If the stock price goes down, the short sellers buy stock in the market at a lower price, return the stock to the broker and make a profit. By selling first and buying later, short sellers benefit from stock prices going down instead of up. This makes their interest in our company directly opposite from what most of our stockholders want -- i.e., for the price of our stock to increase. If there is a lot of short selling, supply of our shares may exceed demand for our shares, causing the stock price to go down. In other words, short sellers can make money by selling enough stock short to artificially increase the volume of selling and drive down the market price.
Short Sellers Borrow Stock From Stockholders Like You. Where do the traders get the stock to borrow? Ironically, whether you know it or not, they probably have been borrowing shares from stockholders like you. If your shares are registered in your broker's name instead of yours or are held in a margin account, your broker may have lent your MicroStrategy shares out to these "short sellers." In other words, if your MicroStrategy shares are registered in your broker's name or being held in a margin account, the brokers are free to lend your shares out to short sellers. So, while short sellers are borrowing your stock, they are actually working against your interest in seeing a higher MicroStrategy stock price.
While many companies experience short selling in the marketplace, the amount of short selling compared to the trading volume in our stock has recently been unusually high. Our financial advisors believe this may be adding downward pressure on the price of our stock. Friedman Billings Ramsey, our financial advisor, has commented, "among other factors, a large short position, like that existing today in MicroStrategy stock, can significantly depress the price of a stock. Companies should take action to address the factors that lead to excessive short selling."
How Stockholders Can Help Combat Short Selling. To carry out short sales, traders need to borrow stock from brokers that is registered in "street name" or held in a margin account. However, if enough stock is taken out of street name or margin accounts, short sellers will have difficulty maintaining the current volume of short sales. Therefore, we are asking all of our shareholders to do the following:
Promptly call your brokers and have your MicroStrategy stock taken out of street name or put into a cash account. This only means that instead of your shares being registered in your broker's name or being held in a margin account, they would be registered in your name or placed in a cash account. You would still own the stock, and your ability to hold or sell the stock would not change.
What would change? A short seller would not be able to borrow your stock for short sales without your permission. So long as the stock is registered in the broker's name, the broker is the legal owner of record, and can lend your stock to a short seller without your permission. Similarly, so long as you have your stock in a margin account, it is available for loan by your broker. If you have the stock registered in your own name or placed in a cash account, brokers will not be able to do this.
Would there be any downside for stockholders in having shares registered in their own names or held in cash accounts? From an economic point of view, the answer is no -- nothing will have changed. The only difference would be administrative including some possible paperwork and expenses you may incur in re-registering or moving your shares. When you want to sell, you would have to send your broker instructions to move the stock back into street name or into a margin account, and the broker may ask you to sign some transfer documents. We think this is a small price to pay for relieving the heavy short selling pressure on our stock.
When can shares be taken out of street name or a margin account? You can seek to take shares out of street name or a margin account at any time. However, because of the heavy short selling pressure on our stock, we believe that your immediate help would be desirable. Accordingly, we are asking stockholders to call their brokers to have their shares promptly taken out of street name or a margin account.
The company intends to work with its transfer agent and participating brokers to make the process of re-registering your shares or moving them into cash accounts now as quick and easy as practicable. If you have any questions about this process, please call Bill Chatterton at 703-744-3281, and he would be happy to assist you.
As I set out above, the company has undertaken a number of recent steps to help better position us for the future. As a shareholder, you can help. We appreciate your consideration of this important matter and thank you for your continuing support of MicroStrategy.
Very truly yours,
Michael J. Saylor
Chairman and CEO
About MicroStrategy Incorporated
MicroStrategy is a leading provider of business intelligence software for Global 5000 organizations. Since 1990, the company has specialized in helping businesses transform their extensive operational data into actionable information. MicroStrategy's business intelligence platform gives organizations solutions to all of their query, reporting, and advanced analytical needs, and distributes insight to users via Web, wireless, and voice.
MicroStrategy 7(TM), the company's scalable business intelligence platform, is built specifically for the Internet era. Its pure-Web architecture provides Web reporting, security, and performance, and standards that are critical for deployment over the Web. Within intranets, the company's products provide employees with information to make better business decisions. In extranets, extended enterprises use MicroStrategy 7 to build stronger relationships by linking customers and suppliers via the Internet.
MicroStrategy has approximately 1,100 enterprise-class customers including Lowe's Home Improvement Warehouse, AT&T Wireless Group, First Union Corporation and GlaxoSmithKline. MicroStrategy also has relationships with over 200 systems integrators, application development, and platform partners including IBM, PeopleSoft, Compaq, Informatica, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy's software, please visit MicroStrategy's Web site at http://www.microstrategy.com .
MicroStrategy, MicroStrategy 7 and Best in Business Intelligence are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
This press release may include statements that may constitute "forward- looking statements," including its estimates of future business prospects or financial results and statements containing the words "believe," "estimate," "project," "expect" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results of MicroStrategy Incorporated (the "Company") to differ materially from the forward-looking statements. Factors that could contribute to such differences include: the possibility that the securities class action and shareholder derivative settlement agreements will not obtain court approval or that the other conditions to the settlements will not be satisfied; the Company's ability to secure financing for its current operations and long-term plans on acceptable terms; the ability of the Company to implement and achieve widespread customer acceptance of its MicroStrategy 7 software and Strategy.com network on a timely basis; adverse reaction by the Company's employees, investors, customers, vendors and lenders to the restatement of the Company's financial results or its future prospects; the Company's ability to recognize deferred revenue through delivery of products or satisfactory performance of services; continued acceptance of the Company's products in the marketplace; the timing of significant orders; delays in the Company's ability to develop or ship new products; market acceptance of new products; competitive factors; general economic conditions; currency fluctuations and other risks detailed in the Company's registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. SOURCE MicroStrategy Incorporated
CONTACT: William Chatterton of MicroStrategy Incorporated, 703-848-8600/
I remember there were observers in the court room who were Convinced we had Won the Trial
Somebody said that no one was more convinced that IDCC was going to win the trial than the MOT lawyers!
Institutional ownership is down to 46%, which is getting close to second quarter 2006 levels. Maybe it was the same people who took us from 35 to 25 in July 2006 that caused this week's drop.