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mickeybritt: why are there erasers on pencils? Why is there correction ribbons for typewriters? Why is there a back button on computers?
Let's say you are convicted for murder by a jury of your peers and are sentenced to life in prison. You appeal, lose, appeal again, lose, and appeal again and at that time you win the appeal and get out of jail.
Do you get to sue the judge? How about the jury? What about the lawyers? NO, all you get is an 'I'm sorry for your wrongful conviction.
One csan only 'judge' based on the facts and evidence. If there is a flaw in the facts or evidence, then the courts have only one choice -- reverse the decision.
If there is corruption in the decision process, then that is one thing. If it a wrong decision based on a review of facts, then that is another thing.
At some point, there are no more 'appeals and you have to accept the verdict, whether you believe it is right or wrong.
Excellent point loop. AND it can also make a lot of money for shareholders who keep their shares in the spun-off companies.
But, like any spin-ff, there are some that belly-up (not ll) Case in point when the Bell companies spun off various divisions, some of the spun-off companies went belly up after that.
I know this for a fact because my In-Laws had the major bell companies that spun off and some of the companies just didn't survive. Fortunately, there wasn't much of a loss as compared where At&t, Verison, and some of the others stand today.
YOU SAID: A number of specialized divisions.. It would be interesting to see what types of pastents by category they move around into these sub-divisions or subsidiaries.
It may make it easier to sell off specific 'apps' to different types of companies where they are looking only for specific uses.
Keeping the 'wireless division' separate would leverage the company to sell off blocks of patents and still retain the rights (and license) to run those applications via the IDCC wireless division (ie: you can buy the driverless car patents but they must run on the IDCC wireless applications) thus generating some ongoing revenues while realizing a nice return on what is sold off.
JMO
InterDigital, Inc. Document: 8-K -- filed 4-3-2018
http://ir.interdigital.com/Cache/392873947.pdf
Holding Company Reorganization
On April 3, 2018, for the purpose of reorganizing its holding company structure, InterDigital, Inc., a Pennsylvania corporation and
existing NASDAQ-listed registrant (the “Predecessor Company”), executed an Agreement and Plan of Merger (“Merger Agreement”) with
InterDigital Parent, Inc., a Pennsylvania corporation (the “Successor Company”) 100% owned by the Predecessor Company, and another newly
formed Pennsylvania corporation owned 100% by the Successor Company (“Merger Sub”). Pursuant to the Merger Agreement, on April 3, 2018,
Merger Sub merged (the “Merger” or “Reorganization”) with and into the Predecessor Company with the Predecessor Company surviving. As a
result of the Merger, the Predecessor Company is now a wholly-owned subsidiary of the Successor Company. Neither the business conducted by
the Successor Company and the Predecessor Company in the aggregate, nor the consolidated assets and liabilities of the Successor Company and
the Predecessor Company, in the aggregate, will change as a result of the Reorganization. A copy of the Merger Agreement is attached hereto as
Exhibit 2.1.
At the time the Merger Agreement was executed, the Successor Company was a direct, wholly owned subsidiary of the Predecessor
Company and Merger Sub was a wholly-owned subsidiary of the Successor Company and an indirect subsidiary of the Predecessor Company.
Pursuant to Section 321(d)(4) of the Pennsylvania Business Corporation Law of 1988, shareholder approval was not required for the Merger.
By virtue of the Merger, each share of the Predecessor Company’s outstanding common stock has been converted, on a
share-for-share basis, into a share of common stock of the Successor Company. As a result, each shareholder of the Predecessor Company has
become the owner of an identical number of shares of common stock of the Successor Company.
Immediately following the Reorganization, the Successor Company was renamed as “InterDigital, Inc.” just like the Predecessor
Company’s name prior to the Merger, and the Predecessor Company was renamed “InterDigital Wireless, Inc.” The Successor Company’s
common stock will be traded under the name “InterDigital, Inc.” and will continue to be listed on the NASDAQ Global Select Market under the
ticker symbol “IDCC.” Furthermore, the CUSIP number for the Successor Company’s common stock will be the same as the CUSIP number was for
the Predecessor Company’s common stock.
MORE UNDER THE 8-K
i wonder whether this was necessary or whether this is just another 'shell' of something for some other purpose ! ! ! WHY NOT JUST K.I.S.S. [KEEP IT SIMPLE, STUPID] ? ? ?
SO, maybe it can also be called an Indian Stock -- SITTING 'BULL"
MICKEYBRITT: And what did Goldberg or Schilling say to you? Obviously it couldn't be too much about what was going on at IDC, because that would be illegal to discuss confidential matters with one individual and not the other.
The only thing they could have talked about would be things that were already public knowledge.
Will China Kill Qualcomm’s Takeover of NXP Semiconductors?
Motley Fool
Leo Sun, The Motley Fool
Motley Fool March 20, 2018
President Trump recently blocked Broadcom's (NASDAQ: AVGO) attempted takeover of Qualcomm (NASDAQ: QCOM) with an executive order, claiming the deal raised questions about national security and the future of 5G technologies. Broadcom is based in Singapore and Qualcomm is an American company.
The move lets Qualcomm catch its breath as Broadcom has to back off, but the long-term consequences could hurt Qualcomm. That's because blocking Broadcom's takeover could impact Qualcomm's planned takeover of Dutch chipmaker NXP Semiconductors (NASDAQ: NXPI), which can't proceed unless it's approved by China's Ministry of Commerce (MOFCOM). Eight of the nine regulatory bodies whose approval is needed have already given the deal antitrust clearance; only China is left.
Following the protectionist ripples
Trump and the CFIUS (Committee on Foreign Investment in the United States) previously blocked several attempted takeovers of U.S. companies by Chinese firms, including Canyon Bridge's bid for Lattice Semiconductor, Alibaba-backed Ant Financial's bid for Moneygram, and the China Integrated Circuit Industry Investment Fund's bid for Xcerra.
President Trump and the CFIUS are seemingly opposed to most foreign takeovers of domestic companies. Therefore, the idea of a Singapore-based chipmaker acquiring one of the top American chipmakers seemed doomed to fail.
While its headquarters are in Singapore, most of Broadcom's operations and investors are in the U.S. The company, which was called Avago Technologies until it bought the original Broadcom and assumed its brand in 2016, was in the process of relocating its headquarters to the U.S. when the Qualcomm deal was blocked.
The Chinese government is also protectionist when it comes to foreign companies entering its market and cross-border M&A activities. It fined Qualcomm nearly $1 billion in late 2015 over its controversial licensing fees, and forced it to cut those fees for Chinese OEMs.
Regulators have also raided the Chinese offices of foreign companies like Microsoft and Daimler's Mercedes-Benz on vague antitrust charges. Foreign companies that form joint ventures with domestic companies generally receive more favorable treatment from regulators than those that don't.
However, many of those partnerships required foreign companies to share their technologies with their Chinese peers. Broadcom was notably partnered with Chinese tech companies HBC, Inspur, and StarTimes. Opponents of Broadcom's bid claimed that the chipmaker could eventually share Qualcomm's wireless technologies with those Chinese firms.
How the NXP deal could be affected
Meanwhile, MOFCOM is notorious for making slow decisions. It sat on Western Digital's takeover of Hitachi's hard drive unit for over three years before it finally approved the deal -- with some major restrictions on the integration of the two brands.
MOFCOM also only approved the deal after Western Digital agreed to let state-backed Tsinghua Holdings take a 15% stake in the company. However, Tsinghua eventually dropped the plan after the investment was flagged for a probe by U.S. regulators under President Obama.
With President Trump now adopting a more protectionist stance, MOFCOM could turn up the heat on Qualcomm. MOFCOM likely knows that Qualcomm desperately needs to close its buyout of NXP, the biggest automotive chipmaker in the world, to diversify its business away from mobile chips.
Therefore, MOFCOM could pressure Qualcomm to let Tsinghua take a stake in the newly combined company, or push Qualcomm toward additional joint ventures with local chipmakers. But if Qualcomm agrees to those terms, it could trigger a probe from U.S. regulators regarding national security and 5G concerns again -- which would delay the merger again.
MOFCOM could also simply sit on the deal. None of these potential outcomes would be favorable to Qualcomm, which could become a pawn in Washington and Beijing's protectionist trade games.
InterDigital Wins 5G Smart Tourism Bid
GlobeNewswire•March 21, 2018
LONDON and WILMINGTON, Del., March 21, 2018 (GLOBE NEWSWIRE) -- InterDigital, a mobile technology research and development company, announced that it has won a bid to participate in the UK 5G Smart Tourism project. The project is part of Phase 1 of the 5G Testbeds and Trials program run by the UK government’s Department of Digital, Culture, Media and Sport (DCMS) and will be led by the West of England Combined Authority following its success in securing £5 million from the UK government to trial a superfast 5G network at tourist destinations in Bath and Bristol.
The trial will see 5G infrastructure put in place at the Roman baths in the city of Bath, and in Bristol at the M Shed museum, in and around the We The Curious science center, and in Millennium Square. InterDigital will join the consortium of 25 companies and organizations, made up of 5G network service providers, tourism and business support organizations, tech hubs, research bodies and more.
The announcement further reinforces InterDigital’s key role in the development of 5G and adds to the company’s portfolio of UK technology research and development projects. For example, in August 2017 InterDigital partnered with Bristol is Open (BIO) to showcase its FLIPS (Flexible-IP services) solution, the world’s first successful Multi-Access Edge Computing (MEC) 5G network architecture trial. The 5G Smart Tourism project will once again see InterDigital and BIO collaborate, with InterDigital’s FLIPS solution delivering important improvements on key performance aspects, such as latency and throughput, for virtual and augmented reality use cases in the tourism space.
“Winning this bid is a perfect testament to the importance of InterDigital’s research and development in the mobile technology space,” said Alan Carlton, Vice President, InterDigital International at InterDigital. “We are committed to helping towards the successful rollout of 5G in a way that will significantly change and enhance the way we live our lives. This is about much more than smart tourism: a successful trial will position the West of England as a leader in harnessing 5G technologies to connect citizens, homes, transport, businesses and organizations.”
Tim Bowles, Mayor for the West of England, commented: “The 5G Smart Tourism bid will allow us to trial some exciting technology at our top tourist attractions, whilst looking at wider and longer-term benefits for our region. This new technology holds the key to a more advanced, sustainable and smart future which will revolutionize the way we all live, travel and work.”
https://finance.yahoo.com/news/interdigital-wins-5g-smart-tourism-090000482.html
Gamco, sounds like IDCC is copying Qualcomm's tactic by using political groups to get their way (ala the Broadcom attempted hostile buy out of Qualcomm).
I just hope Jacobs tries to purchase Qualcomm, of if not, maybe he will turn to IDCC and make a move to purchase us.
JMO
It was OLED's turn to get whacked in the back of the head by Apple.
First, Qualcomm was hit hard with suits and is now ongoing.
NOW, OLED may lose their screen display to Apple's own version.
SO, it seems like you go along with the 800 pound gorilla or take a beating in due time.
I guess we got lucky we didn't get crushed a second time. Maybe Apple is in love with us and will make a bid in the ner future.
SO, mickeybritt, at the end of the dy you say that IDCC is a SCREAMING BYE ! ! !
LOL
la-idcc-fan: You know that they USUALLY COME UP ON TOP!
Oaullee, maybe this will open the doors for Intel to take out broadcom OR Qualcomm OR MAYBE BOTH 1
Throw in Western Digital's (WDC) storage facilities, and I think you would have one powerful tech company1
Frankly, I would love to see Intel add QCOM under its umbrella at a price better than Broadcom's offer. I am willing to bet that QCOM would prefer Intel over Broadcom1
JMO
Well, give it a couple of minutes; we gave it all back and now are unchanged!
WOW ! Up 1.95 on 500 shares! Now, if it was up on 50,000 shares and multiple block trades, then I would say we really have something coming.
We were up $1.90 as a high yesterday, only to give back $1.20 and close up a mere $0.70 as AT THE END OF THE DAY!
Lets see how today plays out!
JimLur and mickeybritt:
What would be more important to people in the IoT world like:
Would you rather know:
--how many eggs are in your refrigerator, or
--has your clothes washer completed the wash, or
--have your clothes been dried completely, or
--has your Rumba vacuum cleaner started its weekly programmed vacuuming job
Or would you rather know:
--the power is working in your home;
--your doors and windows are locked
--your furnace is working
--your sump pump and battery back-up system are in 'operation'
--your smoke detectors are in working order.
I hope IDCC's visions are toward the general population for safety, security, and necessity and not for the 'upper elite group'.
(Who cares how many eggs are in the egg bscket in my refrigerator1)
mickeybritt: More -- In the past, I emailed 2 or 3 questions for each meeting and found that they grouped other similar requests into one discussion topic.
For example, my questions around dividends, special dividends, bonus compensation to execs were grouped together into one 30-second response. My specific questions were increases in dividends, an annual special dividend tied to the same formula as exec bonuses, and the excess cash hoard.
Their response was they review dividends, special dividends, and excess cash reserves on a regular basis in conjunction to enhancing shareholder value through these means, buybacks, and acquisitions when opportunities arise and will continue to address these issues on a regular basis.
This year, my wording will be different but more specific like; 'Would the Board consider an Annual Special Dividend based on criteria similar to how exec bonuses are calculated, so that shareholders can benefit from the success of the company as does manqgement. This would be a new way of creating true shareholder value via cash payments from profits.'
mickeybritt: Why don't you wait until the Annual Shareholder Meeting and then pose the question via the ASM Webcast. I believe there is a window of opportunity immediately prior to the meeting to email in your questions for the meeting.
Instead of dragging out your question and talking about the $25 trillion market, just ask them short and sweet like
'Can you spend a few minutes to elaborate on what your vision is on the types of IoT applications and/or products your technology will be incorporated into, naming say the top 10 major uses and anticipated ANNUAL revenues from all IoT applications'.
I find that if you go into too many specifics, the questions you ask gets watered down and nothing more than a generic answer is given.
mickeybritt: THAT WOULD BE $10 BILLION dollars.
So, are you saying that IDCC's IPR will be in 1 trillion devices made troughout the world and a part of IDCC will be in each one of them?
I M P O S S I B L E ! ! !
JMO
It's known as which shell is the mmrble under now?
blue skies waves: Or as Alan Greenspan would say Irrational exuberance
mickeybritt: From the information in the financials furnished by olddog, there are no steadfast hard rules that IDCC has adopted.
9snip) Our consolidated financial statements are based on the selection and application of GAAP, which require us to make estimates and assumptions that affect the amounts reported in both our consolidated financial statements and the accompanying notes. Future events and their effects cannot be determined with absolute certainty. Therefore, the determination of estimates requires the exercise of judgment. Actual results could differ from these estimates and any such differences may be material to the financial statements. Our significant accounting policies are described in Note 2 to our Consolidated Financial Statements and are included in Item 8 of Part II of this Form 10-K. We believe the accounting policies that are of particular importance to the portrayal of our financial condition and results and that may involve a higher degree of complexity and judgment in their application compared to others are those relating to revenue recognition, compensation and income taxes. If different assumptions were made or different conditions existed, our financial results could have been materially different.
Of course, there are new rules as to the recognition of revenues, that took effect this year.
(Snip) Goodwill is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the net tangible and identified intangible assets acquired under a business combination. We review impairment of goodwill annually on the first day of the fourth quarter. We first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether a quantitative goodwill impairment test is necessary. If we conclude it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, we need not perform the quantitative assessment.
(Snip) Other Intangible Assets
We capitalize the cost of technology solutions and platforms we acquire or license from third parties when they have a future benefit and the development of these solutions and platforms is substantially complete at the time they are acquired or licensed.
Intangible assets consist of acquired patents, existing technology, and trade names. Refer to the above Patents section for more information on acquired patents and existing technology. Our intangible assets are amortized on a straight-line basis over their estimated useful lives, ranging from 9 to 10 years. We make judgments about the recoverability of purchased finite-lived intangible assets whenever facts and circumstances indicate that the useful life is shorter than originally estimated or that the carrying amount of assets may not be recoverable. If such facts and circumstances exist, we assess recoverability by comparing the projected undiscounted net cash flows associated with the related asset or group of assets over their remaining lives against their respective carrying amounts. Impairments, if any, are based on the excess of the carrying amount over the fair value of those assets. If the useful life is shorter than originally estimated, we would accelerate the rate of amortization and amortize the remaining carrying value over the new shorter useful life.
SO MICKEY, AT THE END OF THE DAY the answer to your question about the write off is not an easy one to determine. In fact, IMO Idcc has yet to determine an answer to that question, although they probably have a pretty good idea in their minds of the remaining useful life of patents acquired.
Probably in the next conference call on earnings, they may give some clue as to how much they will be expensing on the patents acquired.
JMO
Thanks olddog. I was looking at governance but realized it wasn't going to be in that are as this pertains to financial information.
la-idcc-fan: I think it means in order to COMPLY with French Labor Laws ..... meaning that the rules of France apply to those employees who work for a US Company but under a foreign (French) country, the rules of France apply to those employees.
M6 and la -- I agree with M6 comments. It looks like it is similar to our US Labor laws, allows for unions, and means that an acquiring US company will have to pay appropriate French Employment Typw Taxes
olddog: Where can one find InterDigital's 'guidelines' for accounting 'rules'?
Maybe if you can point mickeybritt into the right direction, he will find the general answers to his questions.
TIA
mickeybritt: Pick up the phone or email InterDigital with your questions!
Once you get the answers you can post their reply on the board.
We only know what was posted in the press release. I think several board members did their best to research the company and posted their findings over the last few days.
Perhaps Patrick can inform you or, if not, get some answers from the Chief Financial Officer (CFO).
See my other post on this subject
mickeybrittL what you see in the press release (highlighted by me) is ALL THAT ANYONE HAS RECEIVED TO DATE ON THE TRANSACTION.
We know what was in the release. The details are with the compaNY.
Cll them and find out -- don't rant at us for not knowing 1 1 1
JMO
mickeybritt: read the following:
InterDigital Makes Binding Offer to Acquire Technicolor’s Patent Licensing Business, Will Collaborate With Technicolor on Video Research
Company Release - 3/1/2018 1:00 PM ET
Acquisition of Technicolor’s seminal portfolio would dramatically expand InterDigital’s technology footprint in mobile devices
Transaction also opens new markets in consumer home electronics, display technology and video
Combined research-backed portfolio of approximately 40,000 patents and patent applications would represent one of the strongest in the technology industry
WILMINGTON, Del., March 01, 2018 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that it has made a binding offer to purchase the patent licensing business of Technicolor (Euronext Paris:TCH) (OTCQX:TCLRY), a worldwide technology leader in the media and entertainment sector, for $150 million in cash plus future contingent consideration. The combination of InterDigital’s and Technicolor’s licensing businesses in the increasingly complementary areas of mobile technology and video technology will create a world-leading R&D-based licensing enterprise.
In order to accommodate French labor law, InterDigital has made an irrevocable offer to Technicolor and certain of its subsidiaries to purchase Technicolor’s patent licensing business. After completing the required prior consultation with Technicolor’s works council, the companies expect to execute a definitive acquisition agreement, the terms of which have been negotiated. The transaction is expected to close in mid-2018, subject to conditions relating to consent of Technicolor’s partners, customary closing conditions and regulatory approvals.
The transaction would dramatically expand InterDigital’s technology footprint in mobile devices, and also provide a platform for InterDigital to address new markets in home consumer electronic devices, including set-top boxes, displays and video streaming devices. While the current contracted revenue of the acquired business from Technicolor is much lower than its historical levels, InterDigital believes there is substantial unlocked licensing value in the Technicolor portfolio. The company also expects the net impact of the transaction on its core operating expenses to be modest. Consequently, the company expects the transaction to drive significant shareholder value, through the deployment of the acquired assets into both current license discussions and new license discussions in additional markets.
Commenting on the transaction, Frederic Rose, Technicolor’s CEO stated: “This agreement would provide us with additional resources to be more focused on strengthening our position in our core operating businesses and includes a collaborative research program that would further fuel the competitive advantage of operating activities. In InterDigital, I am convinced that we have found the right partner for our patent licensing business. As a focused, R&D-backed licensing business with a strong industry reputation, InterDigital is well positioned to unlock the potential of our strong intellectual property and innovation.”
William J. Merritt, President and CEO of InterDigital, added: “Technicolor has long been a world-leading research contributor in key technology areas; there is no one like them in video technologies. For InterDigital’s mobile device customers, the combination will mean greater value, and a broader range of technologies that can form the basis for partnership, collaboration, and deeper, more productive relationships. The transaction also rapidly expands our addressable markets. Among the added value will be the combined research capability of Technicolor and InterDigital, who deeply respect each other’s research capabilities and anticipate strong results from the collaboration between the two companies.”
Transaction Highlights
InterDigital will acquire Technicolor’s portfolio of more than 21,000 patents and applications across a broad range of technologies, including over 2,500 worldwide video coding patents, which will complement InterDigital’s existing portfolio of approximately 19,000 patent assets in wireless, video, and other technologies.
InterDigital will deploy the acquired assets into its existing mobile industry licensing efforts, and extend its licensing program to new activities in the consumer electronics field.
InterDigital will assume Technicolor’s role as the exclusive licensing agent for the joint licensing program with Sony related to display technology.
Technicolor’s global team of licensing experts, patent managers and support staff will join InterDigital and work with its existing licensing team to license the expanded patent portfolio.
InterDigital will pay Technicolor $150 million in cash up front. Technicolor will also receive 42.5% of all future cash receipts (net of estimated operating expenses) from InterDigital’s new licensing efforts in the consumer electronics field. There is no revenue sharing associated with InterDigital’s mobile industry licensing efforts.
As part of this transaction, InterDigital would also grant back to Technicolor a perpetual license for patents acquired in the transaction.
Research and Development Cooperation
InterDigital and Technicolor will also engage in jointly-funded R&D to supplement InterDigital’s portfolio, which the companies plan to evolve and strengthen over time. The R&D collaboration will bring together the efforts of hundreds of engineers in InterDigital Labs and Technicolor Research and Innovation (R&I), and will leverage Technicolor’s recognized leadership in video, media and entertainment, and InterDigital’s recognized leadership in mobile, IoT and video. InterDigital will own the patents related to the joint research, and Technicolor will receive a license back to the assets resulting from the targeted research conducted by R&I.
Evercore is serving as financial advisor, and Wilson Sonsini Goodrich & Rosati and Jeantet are serving as legal counsel to InterDigital. Macquarie Group is serving as financial advisor, and Cravath, Swaine & Moore LLP is serving as legal counsel to Technicolor.
A video of Frederic Rose and William J. Merritt discussing the transaction can be accessed at:
https://www.interdigital.com/videos/technicolor---interdigital
About InterDigital®
InterDigital develops technologies that are at the core of mobile 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.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations, including, without limitation, (i) our plans to acquire Technicolor’s patent licensing business; (ii) our expectation that we will execute a definitive acquisition agreement; (iii) our expectation that the transaction will close in mid-2018; (iv) our belief that the acquisition will result in one of the strongest patent portfolios in the technology industry and create a world-leading R&D-based licensing enterprise; (v) our belief that there is substantial unlocked licensing value in the Technicolor portfolio; (vi) our expectation that the net impact of the transaction on our core operating expenses will be modest; (vii) our expectation that the transaction will drive significant shareholder value; (viii) the anticipated strong results from the collaboration between the two companies; and (ix) our plan to engage in jointly-funded R&D with Technicolor that we plan to evolve and strengthen over time. Words such as "believe," "anticipate," "estimate," "expect," "project," "intend," "plan," "forecast," "goal," “envision” and variations of any such words or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are subject to risks and uncertainties. Actual outcomes could differ materially from those expressed in or anticipated by such forward-looking statements due to a variety of factors, including, without limitation, those identified in this press release, as well as the following: (i) regulatory or other limitations on the ability of the parties to consummate the transaction; (ii) our ability to leverage the acquisition and strategic relationship to extend our current licensing program into new activities; (iii) unexpected delays or difficulties related to the development of the parties’ technologies; (iv) unanticipated delays or difficulties in the execution of patent license agreements; and (v) the finalization of accounting and valuation analyses related to the transaction.
InterDigital undertakes no duty to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.
M6 AND ZDOG: If the Technicolor sales team is better than ours, perhaps we can fire our Best-In-Class team and put Technicolor's team to work.
I hate to bring it up but our sales team hasn't done S#!+ to add any new licensees.
JMO
and TECHNICOLOR to boot ! 1
Next, it will bring LIVING COLOR by generating some income!
dws: Why a conference call? We just had one and the sp went down. We just bought into a company and the sp went down. If they had another conference call, the sp would go down again !
Seriously, IDCC does not call a conference call to release this type of news. Furthermore, they would have to announce the call and have it some days later, so that all can be tuned in.
EXACTLY - take over the risk. Not much that is "GOOD' that you can buy for $150 million.
LET'S HOPE SO ! ! !
vegas: A return of capital would be ideal, but I think there are some restrictions as to how much a company can pay as a return of capital.
The real point here is what the heck do they need all of that cash for other than to pay bonuses? There are not many solid companies that they an buy that would be paid from their excess cash and they don't have lines of credit for acquisition purposes.
SO, in my mind, pay it out to the shareholders; we can use it more than having it used for some wasted acquisition that may take years to pay off.
JMO
Interesting comparison:
IDCC 1 year ago was at $85.37; reached a high of $90.58 and a low of $67.64, and closed today at $75.45.
The DOW 52 Week Range 20,379.55 - 26,616.71, with a close today at 25,709.27.
The dow is up 5,500 -6,200 during this period while
IDCC was -- well, looks like $10 - $15 down from one year ago. Even with buy backs which are supposed to add to shareholder value and settlements of litigation matters, we cannot sustain any share value increase.
I have often said that share repurchases result in a temporary increase in share price, which eventually evaporates over time and are meaningless.
Seems like IDCC cannot catch a break, no matter what happens on the positive side of news for the company or a general uptick in the markets.
We haven't signed any new licensees (not previously signed) in quite some time. Those that have been signed with existing companies are the result of years of litigation and millions of dollars spent in defending our patents.
One has to wonder if the fickle finger of fate continues to send us a message !
What we need is not a ZTE settlement but a string of new licenses over the next few months that will make others notice our company.
A SUBSTANTIAL special dividend (not $1 or $2 but somewhere in the $5 - $10 range) that will make the street notice us.
JMO
They have never hit their revenue goals; not even their lowered revenue goals.
And, I doubt that they have exceeded their revenue goals even with back payments on litigation settlements, but I may be wrong.
But, their bonus goals are close to being reached each year!
Yes, Merritt stated some time ago that they would benefit by those number you quoted.
Mickeybritt, on the other hand, feels that Merritt is all wet and mickey is targeting revenues of at least 1 billion dollars (or significantly more) per year, stating is is a 30 trillion dollar market.
The difference between mickeybritt and Merritt is that one is looking at the relity of what the company can realistically achieve, while Mickey is thinking that IDCC will be in EVERY product in EVERY market and IDCC's percentage of the take will be significant.
my3sons87: Thanks! I'll try it when I buy some OLEO on my shopping list on the monitor. Looks like the price is down $24+ and is a screaming buy!
my3sons87: how do you 'shirt a stock'?