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HE following is an exerpt from the 3rd 2018 financials:
Third quarter 2018 other expense included an aggregate $8.4 million loss related to the sale of one of our strategic long-term investments and the impairment of a separate strategic long-term investment during the period.
Any clues as to what this represented? Seems like they 'shuffled over this item' with no further explanation at the CC.
InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that the company will release its third quarter 2018 financial results before market open on Thursday, November 1, 2018. 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 and Canada or +1 (334) 323-0522 from outside the United States and Canada. Please call by 9:50 a.m. ET on November 1st and give the operator conference ID number 3377119.
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 November 1 through 1:00 p.m. ET November 6. To access the recorded replay, call (888) 203-1112 or +1 (719) 457-0820 and use the replay code 3377119.
Hope IDCC is buying shares at this level to fulfill their buy back plan.
JMO
I think these form 4's were from the purchase of shares as a result of the 10-24-18 dividend payment.
NEWS LIKE DECLARING A SPECIAL DIVIDEND OF $2 PER SHARE (OR MORE) effective 11-1-2018 would be nice !
jmo
mickeybritt last posted on the RXMD board on 9-19-2018. He posted only 4 times during September on that board.
InterDigital Adds Öistämö, Belk in NEW Executive Roles
Sounds like these are NEW positions, taking away responsibilities from Merritt.
Moving off BOD to Senior Positions ? ? ?
Sounds like a move to feed from the 'golden trough" of stock incentives for the top big-wigs.
Maybe, just maybe, these moves are the result of dissatisfaction with the current cEO AND IS A CHALLENGE TO THE NEW GUYS TO GENERATE BUSINESS AND GET THINGS ON THE RIGHT PATH.
I'm hoping it the beginning of a shake-up at the company that will move the share price higher OR result in the sale of the company
.
Time will tell; lets hope it is a short time!
SAMSUNG renewal coming up at end of year?
HUAWEI is thumbing its nose on our company and the U S
JMO
BOD should suggest EARLY RETIREMENT ofr Merritt. Then, the BOD can search for a more aggressive CEOwith leadership skills in driving a sales team to produce results.
The NEW CEO could receive a compensation plan appropriate with the position BUT BELOW THAT OF mERRITT; ADDITIONAL COMPENSATION 'BONUSES AND PERKS' could be granted based on a formula for NEW NOT PREVIOUSLY LICENSED BUSINESS that his 'Best In Class' licensing team can generate.
Early retirement for the existing CEO can be a nice way for Merritt to depart from the company.
JMO
delete; reworded
QIOTE: "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"
i HOPE SOMEONE ON THE CONFERENCE CALL FROM THE INSTITUTIONAL HOLDERS ASKS WHY THEY ARE UNABLE TO SUCCESSFULLY GET THE VALUES OF THIS COMPANY TO WHAT THEY SHOULD BE.
PERHAPS THEY CAN SUGGEST PUTTING THE COMPANY UP FOR SALE!
JMO
All I hope is:
1. Management is fulfilling the buy-back authorization during this time
2. the B.O.D. is going to declare a special dividend by year-end
3. The B.O.D. is looking at alternative strategic steps to sell this company to someone who can successfully monetize the patents and utilize its engineers to their fullest potential.
JMO
InterDigital Announces Date for Third Quarter 2018 Financial Results
Company to host conference call on November 1, 2018
Company Release - 10/8/2018 8:30 AM ET
WILMINGTON, Del., Oct. 08, 2018 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that the company will release its third quarter 2018 financial results before market open on Thursday, November 1, 2018. 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 and Canada or +1 (334) 323-0522 from outside the United States and Canada. Please call by 9:50 a.m. ET on November 1st and give the operator conference ID number 3377119.
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 November 1 through 1:00 p.m. ET November 6. To access the recorded replay, call (888) 203-1112 or +1 (719) 457-0820 and use the replay code 3377119.
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
He sold out last year at $10230 ! ! !
lol
jiff: ALL OF THESE PATENTS ARE GOING TO BE MEANINGFUL.
IDCC is building an arsonnel pf [atemt and will one day in the near future puts us up for slae and fetch us a price north of $200 per share, which would even make mickeybritt say 'I TOLD YOU SO !
And the LONGS will live happily thereafter!
JMO
la-idcc-fan: Good topic but needs further research on the federal tax level.
My wife's parents set up trusts. Their assets were DIVIDED EQUALLYAND WERE PUT INTO LIVING TRUSTS Her mother died in 2004 and her father died in 2011. Her mother's trust converted into a family trust upon death. Her father received benefits of the income via distribution from her trust to him personally.
When her father dies, both trusts they went to the beneficiaries (my wife and her brother).
In 2011, when the trusts were disbursed, the stocks were moved to our brokers. The broker set up two groups of shares; one with a 'step up date' of the death of her mother (valuations as of 2004). The second group of shares were set up with a 'step up date' of 2011 (date of her father's death).
As my wife disposes of inherited shares (sold or purchased by mergers), we used the step-up dates aND VALUES FOR FEDERAL tax purposes. No FEDERAL or STATE inheritance taxes were incurred when the trusts were disbursed because they fell below the threshold for taxation on an estate (no federal or state inheritance taxes).
What needs clarification are the following:
1. Selling of shares held IN THE NAME OF THE DECEASED PARTY only with a step up date rather than an acquisition date.
2. Shares cannot be held jointly, but must be in each person's trust split according to how they want the division.
3. The surviving spouse's shares are subject to capital taxes as of the date of acquisition and are not part of the 'step-up date' as of the date of the spouse;s date of death.
4. I don't think that it matters which state they resided in, as usually the state's guidelines for basis follow the federal guidelines. THE ONLY EXCEPTION IS THE INHERITANCE TAXES WHICH MAY VARY FROM STATE TO STATE.
OUR SITUATION FOLLOWED ILLINOIS STATE INHERITANCE TAX LAWS.
As usual, check it out with a lawyer and tax accountant.
nterDigital Joins 5GVINNI Board to Establish 5G Vertical Use Cases
Invitation to develop business and ecosystem model further strengthens InterDigital’s leadership in 5G
Company Release - 9/4/2018 4:00 AM ET
WILMINGTON, Del., Sept. 04, 2018 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC) a mobile technology research and development company, announced that it has joined the 5G Verticals INNovation Infrastructure (5GVINNI) External Stakeholder Board (ESB). Led by Telenor and comprising major operators, industry vendors and academia, 5GVINNI is one of three EU-led 5GPPP Phase 3 Test Bed projects designed to ease the uptake of 5G in Europe.
Funded by the EU’s Horizon2020 programme, 5GVINNI aims to deliver an end-to-end facility that validates the performance of new 5G technologies. The project will explore solutions for vertical industries, such as public safety, eHealth, shipping, transportation, media and entertainment and automotive.
InterDigital will play a key role in guiding and assessing the business value of 5G for the media industry, with a particular focus on the impact of video. InterDigital’s position as an ESB member will allow the company to run experiments on the 5G test bed built by the operators and vendors.
InterDigital was invited to join the board based on its leadership in both 5G and video technologies. Specifically, InterDigital’s involvement in the 5TONIC Lab was important in its invitation to the board. 5TONIC is the first Spanish 5G laboratory and aims to create a global open environment where members from industry and academia work together in specific research and innovation projects related to 5G technologies. The announcement comes following InterDigital’s recent closure of the acquisition of Technicolor’s patent licensing business – a global leader in the media and entertainment sector.
“This is an important milestone for us as a company and further points to our leadership in both 5G and video,” Alain Mourad, Director Engineering, R&D at InterDigital. “Our role as an ESB member places us at the forefront of 5G development and rollout in Europe, and we’re excited to be working with leading global operators, industry vendors and academics on the final phase of 5G rollout.”
5GVINNI will be run at four main sites located in Norway, the UK, Spain and Greece, and is expected to end in 2021.
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.
5 Stocks With Low Price-Sales Ratios
GuruFocus.com August 31, 2018
https://finance.yahoo.com/news/5-stocks-low-price-sales-201104187.html
InterDigital Inc. (IDCC) is trading around $81 per share with a price-sales ratio of 6.32 and a price-earnings ratio of 22.63. The company has a market cap of $2.84 billion and the stock price has risen at an annualized rate of 13% over the last 10 years.
SEE CHART
The company operates in the telecom services industry. The discounted cash flow calculator gives the stock a fair value of $102.77, suggesting it is undervalued with a 20% margin of safety.
Obviously, earnings are not what they want, so they are looking to find earnings under every rock.
I can help them find earnings -- just have the Best In Class sales team license a few new oompanies! It's that simple
Maybe our 'Best In Class' sales team should be on 'Permanent Vacation' !
It's summer vacation all year long somewhere in the world.
Sammdogg: They either moved to the big market in the sky or into companies with strong fundamentals, positive track records, growth potential, market appreriation, and a solid outlook into the future.
Those with smarts got out when the getting was good *at the peaks of the stock highs). They probably never looked back.
We are still waiting to collect on 2G and 3G from the MEN's group while others are reaping benefits from the future potentials of the market.
It's A SHAME THAT MANAGEMENT COULDN'T FULFILL ITS PROMISES AND GOALS, WHERE WE COULD ALL BE RICH AND RETIRED IN STYLE.
jmo
InterDigital Partner EpiSci Awarded U.S. Army LTE Contract
WILMINGTON, Del., Aug. 29, 2018 (GLOBE NEWSWIRE) -- InterDigital (IDCC), a mobile technology research and development company, today announced that its partner EpiSys Science, Inc. (EpiSci) has been awarded a contract to develop an Emulated Long Term Evolution (LTE) Analysis Environment from the U.S. Army Small Business Innovation Research (SBIR) program. Under this award, EpiSci will design a high-fidelity LTE/5G protocol modelling module for the Extended Mobile Ad hoc Network Emulator (EMANE) platform capable of deploying a full LTE architecture on self-contained commodity personal computer hardware, with assistance from InterDigital’s LTE expert team.
EMANE is an open-source modeling and simulation tool providing a low cost capability to rapidly conduct research and experimentation for a wide range of wireless network systems. Focused on link and physical layer connectivity, the EMANE platform can be experimentally subjected to the same conditions that will occur in real-world mobile, wireless network systems. As part of this project, InterDigital will initially provide technical assistance to EpiSci on the development of the baseline LTE/5G Physical (PHY) and medium access control (MAC) models in EMANE, as well as on the selection and integration of open-source LTE/5G higher-layer protocol models.
As the project progresses, InterDigital and EpiSci will significantly enhance the design of the LTE emulation system by developing and delivering the working emulation environment system with the following novel capabilities:
LTE-capable EMANE PHY and MAC emulation operating within Virtual Machines (VMs) running on commodity PC equipment;
Open Source LTE upper layer protocols instantiated within VMs and interfacing to EMANE emulation; and
Scalability to multiple eNBs and hundreds of UEs.
EpiSci conducts high-risk, high-payoff research and develops innovative systems solutions for the defense, intelligence, and commercial industries. “For the last six years we have been developing breakthrough technology for the defense industry, and are delighted to be awarded this contract with the U.S. army,” said Dr. Bo Ryu, President at EpiSci. “With its experience in the development of wireless technology, we value InterDigital’s expertise, guidance and knowledge in the design of this technology.”
“We understand that bringing commercial wireless systems such as as 5G and LTE into a wide range of tactical communications is important for future needs. With our experience in developing operational LTE networks, we will support our partner EpiSci in the design of a LTE emulation system for the U.S. Army,” added William Lawton, Director Engineering at InterDigital.
JohnSamuel -- Drop by every so often; would be good to her from some of the old longs.
We are probably fown to 25 or less old timers who still hold shares.
REVERSE SPLIT? YOU KIDDING@!
Titan Medical did a 30/1 reverse split; stock started post split at $7; it is now at $1.90+.
Reverse splits don't do any stock any good. Look at Windstream WIN or Frontier FTR.
They all are sucking wind.
JMO
Titan needs some big time help from independent unbiased organizations in the professional medical organizatins to do a series of articles on why this company's product can be the latest and greatest since sliced bread.
They need the AMA, Journal of the American College of Surgeons, and other related organizations to point out whether they tink this product will be a hit and where it will benefit surgeons.
Without a run-up on these types of articles and positie news, the share price will muddle between $1.75 snd #2.25 until they have a product in the market, reviews of the product, and acceptance over other competitive products.
Tax loss selling time is rapidly approaching sand holders should look to take advantage in the relatively low price and flat trading range to take their losses, buy back, and then hope for the light at the end of the tunnel.
I can see this stock dropping to around #1.51 (or lower) comes the time of the tax loss season, barring any positive series of news articles proir to that time.
JML
I'm puzzled: The nes article states that
The SPORT Surgical System enables surgeons to perform various surgical procedures for general abdominal, gynecologic, urologic, and colorectal indications.
How about 'shorts will get burned ? ? ? Another popular pumper comment.
The only shorts that get burned are individual investors who short a stock at the wrong time of the game.
The big boys (PRO's) have computer programs that dictate whether to short more, hold their position, or cover.
i think that there is still a little room to short this sock a bit more, as it approaches the $1.51 level; maybe even down to $1.26.
At $1.26 to $1.51, it will bounce in a trading range of just a few pennies either side of those targets.
It's gonna be when the fDA finally approves the product will anyone commit to buying the device.
Then,it will be seeral quarters before a profit pattern is established.
My timeframe guestimate -- 3 years.
JMO
$44 a few years ago ? ? ?
You gotta be kidding; Do you mean $4.40 or $0.44 ? ? ?
Anybody in and still holding in the $40's has got to be filthy rich and it doesn't matter, old and senile, or plain stupid ! ! !
Will the stock recover back to the pre revere split price? $3.91 is a LOT to move up. Will it happen in 30 days? Probably not.
SO, consider taking a tax loss sale and offset that loss with gains you have in other stocks.
Wait the 30 days and buy it back (IF YOU THINK IT IS STILL WORTH INVESTING IN.
Also, buy back those stocks you sold for gains.
bottom line, if things go your way, you will hold the sg=hares you initially heldl, with TITAN at a lower cost basis. IF, and i say IF, titan is able to pull a rabbit out of the hat, you will get to realize those gains on what has turned out to be a nightmare.
FraNKLY, i DON'T SEE ANY RECOVERY FOR THE DURATION OF THE TIME BETWEEN NOW AND WHEN THE PRODUCT GETS Fda APPROVAL AND IS READILY ACCEPTED AS A TRUE ROBOTIC TOOL.
JMO
For those significantly under water in this stock, would it be time to consider taking a tax loss sale and offset gains from other stocks in your portfolio?
If you feel strongly this will coma around, sell, wait 30 days, and buy it back.
I don't think the price will climb back to the Reverse split price any time soon !
JMO
Look on the bright side -- the stock closed off the intra day low of $2.05.
How low will it go? I'm guessing it will drop below $2.00 at the close on Thursday.
But IDCC is a $2billion+ company. It's not a Microsoft or Intel or Qualcomm or ny of the other 'BIG' guys.
If the US Government wouldn't go to bat on IDCC -vs- ZTE, they why not let a Chinese or Korean company buy out little old IDCC?
Maybe a better way to skin that cat is to have a French or German or Canadian firm buy out IDCC and then have the Chinese / Korean firm buy out the acquirer of IDCC?
I'd saY THAT'S ANOTHER WAY TO SKIN THE CAT
SEEKING ALPHA ARTIC;E: China has outspent the U.S. in 5G
Aug. 7, 2018 4:30 AM ET|By: Yoel Minkoff, SA News Editor
Since 2015, China has outspent the U.S. by $24B in 5G infrastructure, potentially creating a "tsunami" that will be difficult to catch up with, according to a new study by Deloitte.
China has built 350,000 new cell sites, while the U.S. has built fewer than 30,000 in the same time-frame.
5G would support connected infrastructure in cities, including driverless cars, and make it possible for people to stream high bandwidth video.
Related tickers: AMT, AVGO, CCI, CHTR, CMCSA, CSCO, ERIC, EQIX, IBM, IDCC, IDTI, INTC, JNPR, GLW, NOK, QCOM, RHT, SWKS, S, T, TMUS, TWLO, VMW, VZ, WIFI, XLNX, ZAYO
OK, Here is my reply:
Wonder if IDCC cn use these people AND Avanchi to license its patent lines?
Our "Best In Class" sales team doesn't seem to be producing, so why not check into this.
JMO
It is time (AGAIN) for this company to review its strategic alternatives and options.
Withe the company's litigation matters pretty much behind them (except for ZTE which we were declared winners in courts), we could have nothing but blue skies in front of us.
We haven't seen a NEW FRICKEN LICENSEE in God knows how long. We have a licensing team that has done didly squat over the past 5 years.
We have senior management that collects perks without generating any new business.
We have a BOARD that does very little to add to this company's potential.
We are headed in the right direction when it comes to the future of wireless, but we NEED CUSTOMERS AND SALES AND INCREASED PROFITS AND VISIBILITY AS A LEADER IN OUR INDUSTRY.
IMO, it is time to again test the waters to see if anyone out there would pick us up and monitize what the present management cn't seem to do.
JMO
InterDigital Announces Financial Results for Second Quarter 2018
5% Sequential Increase in Recurring Revenue, Continued Expense Control and New Tax Rate Drive Solid Quarter
Company Release - 8/2/2018 8:30 AM ET
WILMINGTON, Del., Aug. 02, 2018 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced results for the second quarter ended June 30, 2018.
Effective January 1, 2018, the company adopted a new revenue recognition standard ("ASC 606"), which impacted the company’s recognition of revenue from certain of its fixed-fee and per-unit license agreements. The company adopted ASC 606 using the modified retrospective method, which means that the total amount of revenue reported for second quarter 2017 has not been restated in the current financial statements. In the interest of comparability during the transition year to ASC 606, the company has provided revenue, net income and earnings per share information in accordance with both ASC 606 and revenue recognition rules in effect prior to the adoption of ASC 606 (“ASC 605”).
Second Quarter 2018 Financial Highlights
Second quarter 2018 recurring revenue was $67.5 million, a 5% sequential increase compared to first quarter 2018. Under ASC 605, recurring revenue for second quarter 2018 would have been $88.6 million, compared to $87.9 million in second quarter 2017, primarily driven by new fixed-fee agreements signed during 2018.
Second quarter 2018 operating expenses decreased by $1.0 million to $53.9 million, compared to $54.8 million in second quarter 2017. Operating expenses were not affected by the adoption of ASC 606.
The second quarter 2018 effective tax rate was 9.8%, based on the statutory federal tax rate net of discrete federal and state taxes. The effective tax rate for second quarter 2018 was favorably impacted by provisions contained within the Tax Cuts and Jobs Act of 2017 (the "Tax Reform Act"). This is compared to an effective tax rate of 34.4% based on the statutory federal tax rate net of discrete federal and state taxes during second quarter 2017.
Second quarter 2018 net income1 was $10.7 million, or $0.30 per diluted share. Under ASC 605, net income for second quarter 2018 would have been $33.2 million, or $0.93 per diluted share, compared to $52.5 million, or $1.46 per diluted share, in second quarter 2017.
In second quarter 2018, the company recorded $6.8 million of cash provided by operating activities, compared to $19.4 million in second quarter 2017. The company used $0.8 million of free cash flow2 in second quarter 2018, compared to generating $10.1 million in second quarter 2017. These changes were primarily due to the timing of cash receipts under fixed-fee agreements. Ending cash and short-term investments totaled $1.1 billion.
“Our continued licensing efforts, including new agreements in the second quarter, saw growth in recurring revenue coupled with careful expense discipline and another excellent quarter,” said William J. Merritt, President and CEO. “With the expansion of our patent portfolio, our continued strong participation in 5G, and the expansion of wireless into new markets, we see new opportunities and a platform for continued growth.”
Additional Highlights
The current period tax benefit was driven by:
the decrease in the U.S. corporate tax rate from 35% to 21% and the imposition of a 13.125% tax rate on income that qualifies as Foreign Derived Intangible Income ("FDII") under the Tax Reform Act; and
timing differences between the recognition of book and tax revenue that magnify the FDII impact in the current period.
The company expects to report a negative effective tax rate for the full year, but expects its long-term tax rate will be in the range of approximately 14% to 15%. The effective tax rate reported in any given year will continue to be influenced by a variety of factors, including timing differences between the recognition of book and tax revenue, the level of pre-tax income or loss, the foreign vs. domestic classification of the company’s customers, and any discrete items that may occur. The company further notes that its tax positions could be altered by pending IRS regulations that could clarify certain provisions of the Tax Reform Act.
From January 1, 2018 through July 31, 2018, the company has repurchased 0.2 million shares of common stock under its stock repurchase program for a total cost of $16.0 million.
On July 31, 2018, we announced that we had completed the acquisition of the patent licensing business of Technicolor, a worldwide technology leader in the media and entertainment sector.
Conference Call Information
InterDigital will host a conference call on Thursday, August 2, 2018 at 10:00 a.m. Eastern Time to discuss its second quarter 2018 financial performance and other company matters. For a live Internet webcast of the conference call, visit 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 (888) 224-1005 within the United States or +1 (323) 794-2551 from outside the United States. Please call by 9:50 a.m. ET on August 2nd and give the operator conference ID number 9287523.
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 August 2 through 1:00 p.m. ET August 7. To access the recorded replay, call (888) 203-1112 or +1 (719) 457-0820 and use the replay code 9287523.
Completed acquisition -- so that is why the 2nd quarter conference call was pushed off by 1 week (normally the day after dividend payment).
Gives management time to deflect licensing questions while talking about the acquisition. I doubt if they will give full financial details and ramifications because it will be 'too soon' after the acquisition to finalize the accounting for the acquisition!
My gut tells me that the deal WILL NOT IMMEDIATELY PROVIDE REVENUES, but rather will drag on income for the first several quarters.
Let's see what BM has to say!
JMO