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Could be perfect timing for IDCC to get some good news-several analysts are overweighting tech and wireless the reports say is ready to explode.Hopefully this is our time and no better bunch deserves it than IDCC longs.
Just can't see Jorma letting Nok get triggered twice. If he did-he'd find himself the centerpiece at a bukkake fest and his initials would have real meaning.
dmiller-Yes it is possible but remember nok can be triggered for 3g at any time by another party, so waiting till after an award could be very risky.
Can't believe that no trigger is even a possibility at this juncture.That decision would make the ICC look totally incompetent and the arb process a joke-with an investigation probably to follow.Waiting 2 months to relay that decision is not in any parties best interest.I don't believe that we will ever know the arb decision-a settlement is imminent with both parties knowing the high/low of arb and now playing the game of in between on the money owed but looking to the future to secure benefits for each going forward.IMHO
Don't think they will need to summarize-only announce settlement with Nok and Samsung!!!
Loop - good post-that's the way I see it as well with one caveat and that is the inevitable consolidation of the industry and a buyout after a win as well.See microsoft and cisco entering fray,so very little downside overall. glta
There are probably partial truths as to why the management shake up occcured in a variety of posts here,but the timing to me points directly at settlement negotiations. I believe that a settlement is the desired end result and that negotiations had hit an impasse that couldn't be overcome with Goldberg at the helm. With first quarter results looming and the asm around the corner,starting fresh with a new ceo to take credit for the negotiated settlement just made more sense.jmho-but expect settlement at 11th hour-makes it look like both sides went to the extreme to get best deal for their company.
One of the things that still bothers me is the "indemnification" issue.Does anyone here have any idea how this works,is it a signed contract that could be subpoened in court? Has this been done before in this industry or for that matter other industries? Any enlightenment on this topic would be appreciated.tia
the only entry similar to ours in uk is reckitt benckiser v home parfum and is listed in trial entries as settled as well as application section-both settled
jiff-where did you get info on what application stated?-tia
Since we should know the arb/settlement news soon,my interest is how the"street" will value our company.The extreme short term bias the market now exhibits is not good in establishing an evaluation of a company of our size and trading volume. I still believe that consolidation will be the name of the game in wireless and that our value to a competitor is probably a more accurate way of establishing our price than traditional analyst methods. Our business model is somewhat unique in that our cash flow and net cash position should be extremely attractive to a competitor who would not have to carry the cost side.Our portfolio of patents and current licenses must look awfully good to someone either looking to enter the wireless market or to those wishing to strengthen their position-Bill Gates if you're not just pimping Steve Jobs, then take a look. I believe in order to enhance shareholder value that the company should put out feelers to see what we are worth in the market,rather than letting our share price be dictated by short sighted manipulators.
No kidding?-3G IS SET TO BE TRIGGERED JUST LIKE 2G AND LAWSUITS WON'T STOP IT!
dmiller-Idcc will win the arb,they have the goods,they have a 3g contract with Nok waiting to be triggered,yet you think Nok is sitting in the catbird seat because they can file lawsuits!The gig is up and Nok knows this-again look for settlement!
Think you are wrong-Nok is finding out that IDCC has a first class legal team with a great understanding of patent law and that frivolous lawsuits are not the way to go.These are only temporary smoke screens and will disappear with a settlement.We will find out which one of us is right very soon.
Idcc has Nok in a vice grip and they are playing "THE NUTCRACKER SUITE."
I don't-Nok will lose on both fronts and this isn't what the mighty Finn wants his legacy to be-look for settlement soon.
williamwallace-I totally agree and think that is why mgmt change was done when it was-settlement time is near!!glta
LAST CALL-They are shaking the trees for the remaining weak shares to fall-expect price to be positive at day's end.
If any company deserved a blockbuster deal it is IDCC and its long term shareholders. We have all become accustomed to expect the worst,but we have endured and maybe now is our time.The players in 3g know our technology is for real and the courts are more knowledgeable-so no more MOT fiascos. I think the arb panel can see thru all the NOK smoke screens and with the tendency for US patent holders to get their due,the timing is finally right for IDCC to emerge as an important ingredient in 3g and beyond.Here's hoping that the news we are about to get is even better for us shareholders than anyone can imagine-we deserve it!-glta
WOW-with all these hidden agendas popping up,must be a sure sign of something good about to happen-weak hands to strong hands sign of a major move.
never heard of a negotiated settlement after arb award-anyone?
FRIDAY THE 13th-what better day to stick it to the shorts!!!
dmiller-Just can't imagine Jorma letting arb panel decide his fate. He is on his way out and he knows there is a trigger for 3g that he doesn't control.jmho-Can't see a guy with his ego letting IDCC kick his butt twice without some way of spinning it another way-Look for settlement soon!
If settlement talks are being held now I would think that Samsung is also involved.Wrapping up this entire mess would sure bode well for our stock.Let's hope we see a double in the near future.
Great contrarian indicator-Forbes dissing IDCC-really means Steve's cronies are buying.You really have to be worried when you get favorable news from Forbes-you will be buying someone else's double.From Gilder to Seybold,special situation survey to nanotech,they all suck big time! Keep it coming Stevie,I know I'm on the right track now.
key phrase here-nothing to do with nok arb,not nothing to do with nok.
corp-do you do any work-you are on this board all hours of every day?
I also think that Nok now has a taste of our legal firm's prowess and a loss in arb only signals future losses for Nok in 3g.If some type of settlement sees Nok taking a stake in our company then the departures of Goldberg and Tilden makes sense.Probably some wishfull thinking on my part, but can't help thinking buyback of shares has something to do with the inevitable consolidation that will be taking place in this sector in the coming year.jmho-glta
thanksformusic-just another way to look at the situation-I think that both parties have a pretty good handle on the spread of the award with an award in the higher range being most probable(the comment about substituting nok for eric in contract stands out).Nok knows this and does not want to be dictated to again regarding 3g and is probably aware that we have several triggers ready to pull.Jorma is a proud man and does not want to leave a legacy that he was hoodwinked twice by a little company from KOP.The recent litigation in Delaware and UK are just bargaining tools because a 3g contract is already in place-it's just the rate that needs to be set.I believe that it is the other way around and IDCC is holding the cards and that negotiating after a favorable award would be disastrous for Nok.A settlement is still best for both parties and a best case scenario would be Nok purchasing a stake in IDCC.Haven't seen 30's for 5 years but a favorable settlement should get us there fast.jmho-glta
thank goodness the q&a was focused more towards merritt than questions that fagen would have to answer.i cringe every time something is directed to him.the reference by merrit to the shift to wcdma and how we are perceived in that arena going forward is key.i did not expect anything other than pat answers regarding howard and rip's departure and the timing thereof.thought someone would have point blank asked whether any negotiations were being held regarding settlement with nok,but i'm sure the standard no comment would have been the response.for a first quarter conference call,very little scrutiny on results as everyone awaits some decision on nok.overall impression was somewhat lackluster.
i'd say 95% chance of settlement and if a sign was needed yesterday's announcement was the final piece in the puzzle-jmho
nok taking a stake in our company with a settlement announced would answer the question of timing of howard and rip's ouster and also give reason for buyback and also the recent mysterious patent purchase.i really think all these actions are related to a soon announced settlement and we are off to the races.glta
why highly unlikely? i remember reading somewhere that nok was cutting back on its r&d division-what better way to spin a loss than climb into bed with the company you were trying to screw-nok agrees to a lesser 2g payout,purchases 10% stake in idcc,agrees to 3g rate,gives credibility to idcc,stock explodes and nok makes out like a bandit! also explains that howie and rip had to go for deal to be consumated.big win for all-even howie & rip.
i could see nok being interested in taking a partial stake in the company and working an engineering deal as well.can the treasury stock be tendered in a deal such as this without being put on the market? tia
any possibility of the 5 million shares bought back by idcc will be purchased by nok in some form of settlement and as part of this deal howie had to go?
so the "market" is saying that howard and rip are worth 15% of the company's value. what a joke! the spin that the change is a forewarning of bad news re arb is an even bigger joke! the fear mongers are out in force, so expect the opposite and once again weak hands play into strong hands.
reading analysts reports- seems to indicate that the management change is a positive going forward and a change well received in the investment community.so we now have a more articulate leader with a positive image in the industry and the arb decision is still unknown.to me it is very difficult to imagine an arb panel taking 5 months to convey the opinion of no trigger,so i can not imagine that the arb decision is not a positive one for idcc.one way or the other,money will be flowing into idcc's coffers with either a 3g rate established or triggers still waiting to happen.so,how does more money and lower overhead translate into a 13% cut in share price? irrational behavior seems to be the flavor of the day in the market.
if this management change has been in the making for some time then when would be the best time to make an announcement? to me,it would preceed some very good news and not after.you would want the new management team to be in place to be associated with the favorable news.i just don't think this change was as sudden as it appears to be and janet's reaction kind of tips this off.imo-we will soon be forgetting this temporary glitch and be very pleased with the results going forward.this market mentality of what can you do for me in the next 10 minutes exacerbates a situation like this especially in a lightly traded stock-so hang on, i really believe this is a precursor to some great news.jmho-glta
i agree with some here that this probably has been in the works for some time-howard not present at conference call,exercising options etc. was probably handwriting on the wall.as for why now-i believe that a settlement announcement will be made very soon and the company wanted the new ceo in place when that announcement was made.TRIGGER has been the key word for idcc recently and i think today's announcement of a new ceo is a positive sign that THE TRIGGER HAS BEEN PULLED-JMO-GLTA
an arb award would have nothing to do with whether howard was on board or not-the decision having been made some time ago,but i do think a settlement could have something to do with howard being with idcc or not-jmo but i do think a settlement will be announced soon.