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The're an engineering development company that wants to get a return on their inventions/develoopments that other companies require for their products.
Researchers, inventors, manufacturers, distributor, retailers,s etc. all have their appropriate roles in industry.
Universities also patents their inventions and licence them to industry. Would you call universities and university researchers patent trolls?
VFX, how many of those 12 months came after agreement had been reached on the deal?
The one who executed those trades from the Yahoo board said they were bull spreads. Bought over a thousand 70 calls and sold the same number of 72.5 calls.
What revenues did Nortel generate from its patents?
Good work Henry. The most reasonable valuation possible of their patents' value that's been presented without the benefit of analysing individual patents.
Intel - Qualcomm fight heating up. May increase Intel's interest in IDCC?
http://www.bloomberg.com/news/2012-01-03/intel-confronts-qualcomm-in-las-vegas-for-future-of-mobile-computing-tech.html
I know what hertz means, just didn't see it make sense in that equation.
hertz?
What's that got to do with the calculation?
In Canada, at least, you can do your taxes on line and you don't need to provide documentation unless they audit you, I guess.
A 13,000 share block traded in the last seconds.
In most homes iTV will work over cable but allow internet access over cable or wirelessly.
Exactly the reason I'm asking the question - because I don't have the answers, but it appears that neither do you.
Clearly everyone is interested in IDCC's patents, we just don't know how interested.
End of the discussion as far as I'm concerned.
dndd
We're talking about different issues. You're talking about the revenue generating potential of IDCC patents.
I'm talking about how badly Apple and Google still need IDCC's patents to protect themselves against lawsuits given that they've acquired Nortel's and Motorola's.
At some point when patent forces have been equalized they'll end the wars and agree to coexist peacefully.
How close are they to reaching that equilibirium or is one side still significantly behind to justify paying $5 to $10 billion to bolster their position?
Exactly. One contractor who can only work on one project and you need to compete with several others for his services the cost of which keeps escalating.
If you are expecting triplets you may really need that extra floor. Otherwise you have options or can wait.
How desperate are Apple, Google etc. to get those patents after having bought some pretty good protection already. I don't know and neither do you.
The second floor comparison would work if there was only one contractor around for the work and you had to compete for his services with others with that cost escalating.
How high will you bid for his services?
Don't see the "little bit pregnant analogy". It's like someone house hunting and seeing something they like. They put in an offer, but there are competing offers. How hign do you go to get that house?
Depends on how much you can afford and how badly you want/need that house.
So how badly do the big boys want a second house? Hard to tell, at least for me, especially since they just bought an expensive house recently.
Google needed patent protection in a hurry after Nortel was bought and MMi offered a quick, but perhaps imperfect solution and yes, Motorala played it well, but Google was desperate so it was an easy game to play.
They must be less desperate now I believe. That does not mean that they do not covet IDCC along with others. The only question is how badly.
That's true Eric, but that would put a value on IDCC based on its potential revenues and not on its strategic value for Apple, Google and others for acquisition purposes.
Europe, just as the US, will limp along for anther year or two before anything catastrophic happens.
I wonder if it's like nuclear weapons during the cold war. Once you have a certain number, that's enough to deter the other side. That's mainly what these destructive patent wars area about. Getting enough key patents to deter the other side.
That's what I'm worried about. They may all have enough to deter the other guy. The nature of the patents doesn't matter so much as long as it can force the other side to desist.
According to the article Google may just have enough patents for protection.
"Patras believes the Motorola portfolio will put Google in good stead going forward, even if damage has been done to the Android ecosystem already. As long as Android lacks proper patent protection, Microsoft can demand licensing fees from hardware vendors. With a stronger patent portfolio, Google and partners could negotiate cross-licensing deals that don't require payments.
"In terms of sheer volume I think it's enough," Patras said. "There [are] 17,000 patents, one would think Google ought to be able to find a few in there that would cause Apple and Microsoft some pain. It's more a question of are they covering all the right areas, are there certain areas that are lacking. They should be in a pretty good place to get a cross-license deal with someone like Microsoft if that's what they chose to do." "
olddog - this is what's been worrying me for some time. Have to the biggies loaded up with enough patents so they no longer have a vital need for IDCC's patents.
They may still want IDCC but not to the same degree as before the Nortel and Motorola sales.
Now the question is how much and when.
An announcement that they're entertaining bids?
They've been entertaining bids for five months!
What they'll likely announce is either no sale or a sale at a given price and end of story.
Paulson needs IDCC (and everything else) to do well next year.
http://www.bloomberg.com/news/2011-12-23/paulson-gold-fund-said-to-lose-10-5-in-2011-even-as-metal-heads-for-gain.html
I'm sure management would happily justify whatever action they decid to undertake in this or any other situation. Presumably they act in the interest of shareholders.
Except in chess the pieces and the position speaks for itself. No judging involved.
I agree dndodd that this does not affect IDCC's revenue potential. However, it may affect the strategic value of its patents.
If this ruling forces more companies to cross licence one another, the strategic value of patents diminishes as all playere become "partners". Wonder if this will happen?
I found their wording quite confusing as well.
felix,
I don't think so. This is from the ruling:
This exemption does not permit HTC to call new devices “refurbished” and to import them as replacements.
I interpret this to mean that they can refurbish units already sold to cusgtomers, but they can not undertake the same "refurbishment" of new products and import them to be sold.
So, no new sales as long as the devices infringe under the ruling.
It fell when it made the offier, not when it lost out. What's that got to do with IDCC? We're not making offers for another co.
What's extra money about selling $45 calls if the sp goest to $100?
You won't be making money on the calls you're planning to sell if the announcement of a sale comes in the next five weeks.
The story is a couple of days old and has already been posted. But the last paragraph is interesting.
Have potential acquirers largely statisfied their need for patents?
Google takeover talk behind InterDigital stock surge: Report
Philadelphia Business Journal by Peter Key, Reporter
Date: Wednesday, December 14, 2011, 2:23pm EST
Related:
Technology
Peter Key
Reporter - Philadelphia Business Journal
Email | Twitter
InterDigital Inc. shares were up by more than 5 percent Wednesday.
Shares were up $2.16 to $41.28.
Theflyonthewall.com said there was renewed takeover talk about the King of Prussia, Pa., developer of wireless communications technologies, but only made details available to subscribers.
Forbes cited "speculation about a potential Google (NASDAQ:GOOG) bid."
InterDigital’s board of directors said on July 19 it was exploring strategic alternatives for the company, including selling it, to take advantage of the booming market for patents related to mobile devices and the infrastructure that enables them.
InterDigital (NASDAQ:IDCC) shares hit $82.50 two days later, but have fallen since as potential buyers for the company have satisfied their patent-portfolio appetite with other deals.
Sounds to me like he bet the farm on December options and is now out of the game. I can see why he's upset, but to blame the company is insane or inane, take your pick.
When did you get in? After the announcement?
If before, you should be fine as the current price is a bit higher than the price in July.
If after, on the basis of the announcement, then you knew, as the company announced it, that there would be no further announcements till the process ended. They did not promise an end date, did not tell you of the chances of success nor mention a price.
How can you blame them for following through on their announcement?
Some have said that other similar buyouts have taken up to a year.
This might too.
You have just to get used to accept it.
I see no basis for a suit against a company for doing EXACTLY what they said they'd do.
You have no one to blame but yourself if things didn't turn out as you had hoped and on your schedule.
I'm not happy either, but don't see this as the company's fault.
Definitely, as I mostly have options and would sell those as I wouldn't have the money to be able to exercise much of them.
I doubt if any large or serious investors would join this suit. There is no way it's going to be deemed a class action.
Does it really matter if it closes at $35, $40 or even $50 if you're in this for the long term or waiting for a buyout?
What's your Monday prediction based on? And what price are you predicting?