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mickeybritt: The terms for dismissal are covered in the agreement. Here is what was stated in the press release:
The agreement covers the 3G, 4G and 5G terminal unit products of LG and its affiliates and sets forth a royalty of cash payments to InterDigital as well as a process for the transfer of patents from LG to InterDigital. The parties have also agreed to terms for dismissal by InterDigital of the outstanding litigation among the parties and their affiliates.
“We are very happy to have resolved our licensing dispute with LG on mutually agreeable terms and look forward to a successful relationship with LG going forward.
mickeybritt: Look at it another way:
You want to borrow money from a bank to buy 2 cars (a 2000 Caddy (call it 2-G) and a 2005 Mercedes (Call it 3-G)
The bank would make you 2 loans for a term of 5 years with a renewal due in 5 years.
You tell the bank you only want 1 loan with 1 payment per year and at the end of the term, you tell the bank you want to give the 2000 Caddy (2-g) to your son and you want the title to give it to him.
The bank agrees, gets the 2 titles, you pay for 5 years, and at that time you met the terms of the agreement.
The bank says OK, you met your obligations under the contract and here is the title to the 2000 Caddy (2-G) and you can do whatever you want with it as they no longer have a loan or an interest in that car
The bank further says that they still have the title to the 2005 Mercedes (3-G) and if you want the title to that car, you renew a contract for a new term on the 2005 MERCEDES ONLY.
You don't renew for the Mercedes (3G); You don't get the title back to the Mercedes, and you go to court and we know the rest of the story.
The bank cannot claim anything on the 2000 caddy since it is no longer part of the loan or collateral.
I hope this makes it easier for you to comprehend!
mickeybritt: What don't you comprehend what JimLur said:
Mickey, LG did not violate their 3-G agreement. They paid up for 3-G for the term of the agreement and were granted a fully paid up license for 2-G. They didn't renew their licensing agreement, big difference.
What did you mean 'diss this excellent news'?
My comment to mickey was to stop him from questioning Past due fees!
I had a good feeling about IDCC settling with LG. I also thought that it would include some patents or working with them on other projects since IDCC is actively looking at sensors, IoT, smart grids, etc.
As far as ZTE, they are bigger 'a$$es and deserve all they get, with no mercy from IDCC. With that being said, IF they have something that would benefit us in the future, than IDCC's settlement with them would be similar to that of LG, Hauwei, and others where patents are involved.
And, as far as bonuses go, we all know that is the goals of management -- reward themselves handsomely for a job well done.
JMO
The catch up of $40 million in LG revenues for the quarter could include the value of the patent transfersa.
JMO
my3sons87: I hope ZTE gets resolved via a court decision for willful infringement and treble damages.
With ZTE, we need a monetary award as well as payment of attorney fees and other costs associated with the suit.
The other free loaders should and will eventually come to terms. It would be great if XIOMI came to terms before year-end. Then, we can begin 2018 knowing who is on board and maybe a better handle on revenues for the year.
squingeqbob:
Just wondering if someone knew about the deal on Friday and brought the Share Price down to take advantage of any price rise as a result of the licenseing agreement ! ! !
Hmmmmmm ! ! !
With LG licensing agreement, the Geese will be getting huge bonuses at the end of the year. That's why the ASM proposal for new bonus computations was raised and pushed by the BOD.
Management knows what they were doing !
mickeybritt: The agreement doesn't even mention 2G -- and that is because LG got a paid0up license when the original license expired.
SO 2-G IS OUT OF THE QUESTION. IT IS OVER AND DONE. NADA. IT'S HISTORY!
Get it ? ? ?
I Hope so!
mickeybritt:The following comment discusses back royalties
The deal also commits the parties to explore cooperation for projects related to the research and development of video and sensor technology for connected and autonomous vehicles.
The agreement covers the 3G, 4G and 5G terminal unit products of LG and its affiliates and sets forth a royalty of cash payments to InterDigital as well as a process for the transfer of patents from LG to InterDigital. The parties have also agreed to terms for dismissal by InterDigital of the outstanding litigation among the parties and their affiliates.
AVANCHI -- WOW ! ! ! Here comes the start of the $25 trillion dollars that Interdigital will be receiving ! ! !
mickeybritt: you said
First be clear I am not a math whiz. Then you said
1% rate of a billion is 10 billion
Reminder! Webinar TOMORROW 11/28: InterDigital Joins Barclays in a Conversation around 5G
REMINDER - The Future of Telecom: 5G Webinar Nov 28
Welcome back from your Thanksgiving holiday! Assuming you are well-rested and are ready to dive back into the remainder of 2017, I'd like to remind you that tomorrow, Tuesday, November 28, InterDigital is participating in a truly vital 5G conversation with Barclays.
In this webinar, entitled U.S. Telecom and Comm Infrastructure: The Future of Telecom: Moving to a Converged Cloud-Based Architecture, Bob DiFazio of InterDigital Labs, a leader in mobile standards R&D, will join telecom analyst Amir Rozwadowski of Barclays to provide a comprehensive review of what 5G is, and the network and service changes it will bring about.
For mobile industry investors and tech investors generally, this is a necessary technical primer on the technology that will shape device, equipment vendor, and mobile operator business models through the next decade.
Amir Rozwadowski, US Telecom Services and Communications Infrastructure Analyst, Barclays
Please join us for what is sure to be a great conversation tomorrow: Tuesday, November 28 at 10AM ET.
Dial-in Details:
Conference Passcode: 5287327
International: 1 706 634 5881
United States: 800 706 8249
Thanks, and best regards.
Patrick Van de Wille
Chief Communications Officer
mickeybritt: Your reply to my email shows that you do not comprehend what you read, or in other words, you interpret things incorrectly.
I NEVER said the stock would be going down so where did you get the idea that I should short the stock?
I NEVER said that the share price would be going down; rather, I stated they may take the tax loss this year and maybe buy back in 30+ days at around the same price.
I DID STATE that one 'exception' which would cause a share price move upward was except for a buy-out offer by someone who can wait 2-years when billions will come IDCC's way via sensors and IoT
What i NEGLECTED TO SAY was perhaps a change in licensing with a new license or two, a settlement with ZTE, the re-licensing of LG, or other positive forces which [while unlikely] could happen at any time, would affect the share price in a positive way,
One more factor which would certainly bump the price up significantly is if Merritt admitted his math was incorrect when he used a calculator without a lot of zero's and IoT and Sensors would generate $100 BILLION dollars in revenues, and not $100 MILLION.
PS: I haven't dealt with options other than twice in 20-25 years ago when both contract expried worthless.
JMO
Just wondering if those who purchased shares in mid-December 2016 through February, 2017 when the shares traded between $90 and $102 will be looking to tax loss selling to offset huge gains they may have realized in other stocks while IDC has lingered $30 below its all time high for several months.
Also wondering if institutions who had high expectations and have been disappointed in the stock's performance may also be looking to sell by hear-end.
If these groups play their cards right, they may take the tax loss this year and maybe buy back in 30+ days at around the same price as it appears there is nothing in the near-term horizon that will move this stock up to $100+ except for a buy-out offer by someone who can wait 2-years when billions will come IDCC's way via sensors and IoT.
JMO
InterDigital to Join Barclays in a Conversation around 5G on 11/28
The Future of Telecom: 5G Webinar Nov 28
5G is a unique technology, which will affect many more markets, service scenarios and device types than any previous mobile technology.
In this webinar, entitled U.S. Telecom and Comm Infrastructure: The Future of Telecom: Moving to a Converged Cloud-Based Architecture, Bob DiFazio of InterDigital Labs, a leader in mobile standards R&D, will join telecom analyst Amir Rozwadowski of Barclays to provide a comprehensive review of what 5G is, and the network and service changes it will bring about.
For mobile industry investors and tech investors generally, this is a necessary technical primer on the technology that will shape device, equipment vendor, and mobile operator business models through the next decade.
Join us for what is sure to be a great conversation on Tuesday, November 28 at 10AM ET.
Dial-in Details:
Conference Passcode: 5287327
United States: 800 706 8249
International: 1 706 634 5881
Thanks, and best regards.
Patrick Van de Wille
Chief Communications Officer
mickeybritt: I have NO PERCENTAGES as I am not as close to the issue as Merritt is. He knows what his engineers are working on. He knows how many patents go into any product/application they are working on. Just like cell phones, there are MANY PATENTS THAT MAKE CELL PHONES WORK AND MANY FINGERS IN THOSE PIES AND MANY CHEFS IN THOSE KITCHENS.
IF IDCC CAN GENERATE BILLIONS AND BILLIONS OF DOLLARS down the road annually, then why aren't Apple, Intel, Microsoft, Samsung, Cisco, Broadcom, and the likes offering to buy out IDCC today at $250 per share IF in 3-5 years IDCC will be generating billions and trillions of dollars in revenues? Because they have analysts who are thousands of times smarter than you and I that look at these things and in their mind know what you say ain't gonna happen (at least for IDCC)
SO, maybe you are correct and IoT will generate billions and Billions of dollars each year for InterDigital, but after taxes and bonuses, it will result in $100 million to shareholders in the form of net revenues.
JMO
mickeybritt: Smart meters have been installed in Illinois. In Niles, IL, we had smart meters put into our condo complex 2 years ago. JimLur said recently Frankfort IL had put in smart meters earlier this year. Four years ago in Park Ridge, IL. they installed smart meters at our home. AND I DO NOT BELIEVE THAT IDCC TECHNOLOGY WAS IN ANY OF THEM.
IDCCfan: Great response to Mickeybritt, especially the part
There are hundreds of platforms in the market today saying they can do the same thing and IDCC will have to fight for the business with significant players.
WOW ! I thought I recognized someone here:
GE stock is a ‘screaming buy,’ a ‘spectacular opportunity,’ strategist says
https://finance.yahoo.com/m/ea236bd2-002b-32f0-9803-07878fbd1fc4/ss_ge-stock-is-a-%E2%80%98screaming.html
And Q's 52-week high is $70.24.
Qualcomm is trading at $66.58 -- $2.00 higher today. It's pointing to a higher offer price over the $70 initial price, or at least the street thinks the $70 price is inadequate also.
Hey, start low and bid it up if needed.
JMO
I had a strong hunch that Q would reject the first $70 offer.
Next price tag is $75 - $80 range, with Q still rejecting the sweetened offer.
Whether that will bring a third offer to the table or just an offer to buy all the shares available at a price in that range is yet to be determined, but I think will make one additional offer around $82.50 for the whole ball of wax.
After all, if Broadcom's key customers have positive feedback (including Apple), then Q's battle with Apple might go by the wayside if Broadcom is successful in the buyout.
What Qualcomm should remember is 'A bird in the hand' (one of Broadcom's offers) 'is worth two in the bush' (QCOM's legal battle with Apple which MIGHT result in a loss of the Apple buisness and would cost tons of money to defend !
Paullee, you said
the odds of the Supremes looking at it, is slime at best SO, are you saying that the acquisition of Hillcrest, and owning this specific patent, is a slimy deal that IDC got into? ! ?
LOL, but like many of the other 'acquisitions and deals IDC got into, this one turned sour Go Figure !!!
mickeybritt: Recently you posted
I spoke with Patrick at IDCC today and he informed me that IDCC NO LONGER MAKES PRESS RELEASE TO BLOOMBERG, OR OTHER NEWS AGENCIES. The decision was made that it was better to not release information regarding court decisions that a bad decision drives the stock down big time and a good decision drives it down 4 or 5 points. I said who the hell came up with that idea and he simply said it was IDCC'S.
I couldn't believe what I had just heard, so don't look for IDCC to tell any media orginization anything.
Plus, the changes affected by the new accounting rules may further delay their reporting.
AND, they may be waiting to hear from ZTE about a settlement before it goes to damages determination in the court system.
HOWEVER, they could also issue an updated guidance as they have done in the past when something happened between guidance day and end of quarter.
pierre3: Whenever they feel it is appropriate.
Typically, guidance is done between the 8th and 28th of the month. Sometimes, they wait if they have something big pending before they announce their guidance. This way, they can look like a hero!
In the past, rev guidance was
08-22-17
05-11-17
11-28-16
09-08-16
06-21-16
11-08-15
Seems they never issue guidance in the February timeframe.
olddog: Thank you for your 'comment' to mickeybritt on the LG issue. Sometimes, I think I am losing my mind (especially when mickey brings his interpretation to the table).
Thanks
mickeybritt: I think you were mistaken when you said
LG singred to pay for 3G in exchange for paid up 2G and then quit paying on everything
mickeybritt: What the hell are you talking about?
I spoke with Patrick at IDCC today and he informed me that IDCC NO LONGER MAKES PRESS RELEASE TO BLOOMBERG, OR OTHER NEWS AGENCIES.
The decision was made that it was better to not release information regarding court decisions that a bad decision drives the stock down big time and a good decision drives it down 4 or 5 points. I said who the hell came up with that idea and he simply said it was IDCC'S.
I couldn't believe what I had just heard, so don't look for IDCC to tell any media orginization anything.
mickeybritt: Every time someone tries to explain things to you, you still challenge them in what they are telling you.
We have gone around and around on the LG award, the Microsoft/Nokia settlement, the Huawei agreement, the Qualcomm agreement, the IoT projected revenues, etc. etc. etc. No matter what we say or post or explain, you still question posters on their interpretation.
You do not seem to comprehend what others intend to impress upon you your disposition of incomprehensibility!
That is why I and others tell you to contact the company and ask THEM to explain what they do and say and what things mean. Get it straight from the Horses mouth !
mickeybritt: You said
I contacted Bloomberg and asked about the news of the IDCC court victory.
They informed me that they only release what companies provide them, and
Interdigital had provided them nothing on the 11/3/2017 court decision.
Gamco, I like that thought even more. It may result in some competitive bidding for IDCC's patents.
Whoever would wind up with InterDigital, it would be a win-win situation for the successful bidder as well as IDCC.
Gamco, As I am a 'gambler', I would put book that Apple wuold support the Broadcom acquisition of Qualcom, settle all disputes in licensing fees, and establish a long-time relationship with Broadcom.
I would further bet that Broadcom would relocate to U S facilities, perhaps even taking home office at the Qualcomm location.
I would even go out on a limb and say that at some point, Broadcom MIGHT make a bid to take InterDigital in order to further strangthen and solidify the future of IoT and sensor technology.
JMO
mickey: Do you think that the 'limited time' might just be a TIME IN THE FUTURE and not a time in th past?
hrbart: I too have been buying QXOM, ever since they took a drop in share price. QCOM is one of my 'casino' stocks and it looks like it is going to pay off. BUT, this time, I am not going to wait for the last nickel in price appreciation.
I'm hoping for a second offer of $80 to $85 and if it comes close, I'll sell and go elsewhere.
Disappointing on today's price movement of IDC. Up over $1.35 and now bouncing down to $0.10 and all over the board.
Gamco, there are comments that Broadcom feels that if the deal were consumated, APPLE would likely feel good about the acquisition of QCOM by Broadcom. Further, Broadcom thinks the regulators would not file anti-trust claims and that Broadcom has taken these factors into consideration befomr making the bid.
AND, with Trump talking in Asia about trade agreements and perhaps Broadcom lrelocating into the U.S., it sounds promising.
The rumor is that Qualcomm will reject the initial bid of $70 per share. GOOD ! ! Talk of $80-$85 are more in line with street anticipation.
NOW, lets hope that IDCC is also on Broadcom's radar. IDCC could be another key factor to current licensing agreements as well as future developments in IoT. IMO, you can't have enough skin in the game in the IoT market and IDCC is hopefully up there with the best ! ! !
JMO
mickeybritt: Do you NOT THINK that all the legal experts on IDCC's staff and outside legal consultants have looked at this issue MANY TIMES OVER and have concluded (at least up to this point) that all is in order with the Qualcomm deal.
If not, don't you think that they would have done something about it many years ago and would have to discuss the matter at least in some form of disclosure as it would have some major financial implications?
JMO
mickeybritt: Maybe if Broadcom buys Qualcomm, there might be a clause in the license between IDC and QCOM that prohibits the transfer of the license to an acquirer. Hence, maybe IDC will get money from Broadcom ! ! !