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i don't believe either party gets to see the draft award before it is declared final-i recall someone with legal background mentioned this some time ago.this is why i feel that nok is under the gun to come up with settlement offer by march 31,if they feel that contract was triggered.jorma is too proud not to have a say in the final rate paid and i'm sure samsung would like to have a say as well.
imo the downside of all your listed negatives nowhere compares to the upside i mentioned-you see it half empty and i see it half full-that is what makes a market.so far this year you win,but if arb process is favorable, i feel that a lot of your worries will disappear.
seems to me that idcc would be a very attractive takeover target after numbers are known from arb decision.conservatively let's say $500 million in cash with revenues of $125 million and most likely tripling or quadrupling over next few years with expenses being primarily personnel and not requiring duplication-just cant' see why $40 per share minimum wouldn't be a no brainer for some of these cash rich companies to play the wireless game-net 1.7 billion to have $300-500 million coming in per year.
well we've lost almost $7 off the share price since last day of december and please tell me what has changed since then to justify a loss of 1/3 our value? the wireless market has never looked better,our cash position is strong,the arb decision seems to be going our way,the jpo and lucent may be just around the corner,government contract validating our ipr,etc. etc. etc.
news release fri april 1 2005:idcc and nok announce settlement reached on march 31st re 2g and 3g royalties-details to follow. would love to see this release waking up on april fools day-one thing we can always count on with idcc-expect the unexpected.
i was very happy to see that march 31 is the draft date for the award because it seems to me that after that date nok loses some control over its destiny.don't forget that between march 31 and may 31 a final decision can be rendered at any time. if i'm nok and i feel that the contract has been triggered then i am going to try and negotiate as good a deal as possible before march 31st. closing this mess up by quarter's end wouldn't hurt either-so here's hoping that we are closer than we think to a resolution and some very positive news for idcc.
let's hope that idcc can become the poster child for pres bush's campaign to protect us patent holders.our ipr is good enough for the us government to use and pay for,yet several foreign companies expect to use it for free.get em howard!
we need a white knight-is t boone pickens still alive?
imo-the time horizon for this stock to realize what i still believe will be many times higher than the current price, keeps getting pushed back and is very frustrating to all of us.after the resolution of nok and samsung, i think it's time to see what our ipr is worth to the big boys in wireless.seek some bids from the cash rich behemoths and only then will wall st recognize us and shareholder value be realized. the longer we wait,the greater the liklihood of some other variable being introduced to sidetrack our quest.
if we had announced earnings in line with consensus i still think we would be down today with maybe less volume. this stock will not move up until arb decision is released or settlement announced-till then the traders will play.the one thing that still bothers me is the price movement after options expired in feb.-so many down days and several on up nas days-just seems like some are privy to info we are not.
anyone know what the consensus number is for tomorrow?-thanks
d miller-was referring to eric settlement and earnings.i'm sure eric wasn't settled right before market opened on 3/17/03.
knowing that idcc always announces news pre market, traders seem to be able to play this stock at will after no news is posted pror to opening.would love to see settlement or arb decision come during trading hours causing a halt while shorts etc.start their scrambling.
just my opinion-all this legal maneuvering by nok is part of the poker game being played-need bargaining chips to settle and this is part of their big bluff.
it's days like today, with the market up and probable good news on the horizon and our stock languishing again, that makes me think that the best thing that could happen to idcc is for nok or some other co to make a formal bid for idcc-even if it is for a price like $35 that was rumored.this type of event would wake up wall st and maybe the value that most on this board see in this company would become apparent to other bidders and the investment community in general. with idcc having a good presence in asia i would think that some of the other cash rich companies wanting to participate in the wireless explosion and get a piece of the asian market would be highly interested in a company without debt, good cash position and great engineering team.maybe then $35 will become a floor value rather than a ceiling.
lastchoice-great post, i'm with your thinking all the way.
i believe that 03/27/00 was the last day idcc closed at $30 or above in the last 5 years-would be a nice 5yr anniversary present to be above $30 by 03/27/05.good luck to our board in settlement negotiations with nok and sam-over $30 by end of qtr.
wireless-good post-i agree and feel that settlement before end of quarter is highly probable. dragging this thing on and having to deal with it in 2nd qtr numbers just not good for either party-put it to bed and be done with it.
ellismd-just kidding about the proverbial they-but sure amazes me that with potentially great news right around the corner why anyone would sell now.this price action makes a nok offer of $35 actually look respectable. just to get back to $28 requires a 60% jump.
looks like "they" are trying to make $35 look like a great deal.
loss may be in the cards with legal expenses running high,but good news on arb would render those numbers moot.
ellismd-i agree with you-strange behavior since we have had numbers so long. maybe an agreement in principle has been reached and waiting for everything to become legal before announcing-wishful thinking on my part, but my guts tell me something is up and we will know soon.
holding off till the last minute to announce earnings that have been known for quite some time makes me think something MAJOR is about to be announced in very near future.
can anyone speculate as to why no earnings release yet-sox can't be the answer.
from last race at philly park-#9 horse JORMA O-6 yr old gelding morning line 50-1.HANDICAPPER'S COMMENTS:veteran horse with front running style,often likes to bully other horses.wears blinkers and is often blinded to fast charging stretch runners PREDICTED ORDER OF FINNISH( GET IT): LAST- WE LIKE THE #1 HORSE INTERDIGITAL TO TAKE HOME THE MONEY.
IMO-this case will definitely end in a settlement.control freak jorma does not want to be gelded by an arb panel and settlement can be sold as a win-win situation while an unfavorable award reflects poorly on his leadership and judgement.i can not see idcc settling for a lower amount than anticipated just to see 2 court cases disappear-they will definitely want more, as in a 3g rate from nok.samsung of course will be affected and i would expect that they are part of the discussion.since a drop dead date has been set and if an impass occurs an earlier decision would be rendered i have to believe that idcc is in the catbird seat and enjoying every minute.hopefully this is the watershed event that we have been patiently waiting for.
phil isn't playing in this one
thanks ranger for info on arb procedure-the only conclusion i can make at this point is that sometime between 1/28/05 and 2/14/05 post hearing briefs were filed allowing a time table to be communicated to each party as to final award date. the reason i think that a final award latest date was communicated is that the tribunal did not want overlap of samsung arb. this time frame seems reasonable to give all parties concerned a chance to negotiate a settlement that would avoid samsung arb.
noticed that nok did not issue 8k on icc news-anything to that?
isn't it sop for icc to set a final award date for all arb panels?
loop-what post number answered my question-thanks
question to the legal people-what ramifications are there to samsung arb when nok issue is either settled or rate is established via award? seems to me if idcc were to settle with nok, it would be on one condition and that is that samsung also agrees to same and arb dropped-otherwise samsung arb is like a free shot for both nok and samsung knowing the worst case scenario.
if no attempts were being made by either party to negotiate a settlement, i'm sure this info would be passed along to the arb panel and the final award would come in a relatively short time.my feeling, based upon nok's recent actions,is that settlement will occur and that both court actions will disappear.
clarence makes a good point that wall streeet wants to see a re-occuring income stream to make projections going forward to cover their ass-however looking at idcc at this point,how possible or probable is it for idcc to earn 300-500 million net in the near furure with the licenses we already have and a good probability of more to come. i don't see any company out there in the wireless sector that has this capability to so easily make this type of leap in earnings per share.our low float will work big time to our advantage not only in earnings per share but also in the supply/demand squeeze that will be sure to follow.
heartland is a fund-just surprised no individual investors with 5% and low amount of shares owned by rip.
looking at idcc home page was surprised that insiders don't own more shares than is shown-i'd bet that posters on this board own more tha rip does-also no individual owner of 5% outside board.
does anyone recall what date the arb panel began formal proceedings?-thanks
nok's comments about non producing companies setting standards and the posibility of manufacturers designing around standards is more reason idcc would be a great takeover target.
with a projection of 3 billion phones to be on market worlwide in 5 years sure doesn't take much for idcc to see 400 million in revenues per year-200 to 300 million net-$4 to $5 per share and conservative pe of 10-15-we have at least a nice triple from here-perspective is everything and that is what makes markets.