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Plug in the price objective "breakout" and you get a bullish $139
From valuationguy on IV:
From IPWatchdog this morning:
Bloomberg Law to Host Panel Discussions on IP Policy Under President Trump – Last Friday, Bloomberg announced that it would be hosting a pair of panel discussions featuring insiders from the IP industry to explore intellectual property-related issues that will likely arise during the course of the Trump Administration. Speakers at the event will include Dana R. Colarulli, director of the U.S. Patent and Trademark Office’s (USPTO) Office of Governmental Affairs; Rob Stein, VP of governmental regulations & regulatory affairs at InterDigital; Peter Harter, founder of The Farrington Group (and IPWatchdog contributing author); and Kevin Jakel, founder and CEO of Unified Patents. The event will take place at the San Francisco offices of Bloomberg L.P. on February 9th from 3:30 PM to 5:30 PM. (Link to the registration page for Bloomberg Law’s 2017 Outlook on Intellectual Property event)
If you look at that "report" and then click on the link to purchase the "report" their numbers are extremely different!!
"...Business Insider's premium research service, expects there will be 34 billion devices connected to the internet by 2020, up from 10 billion in 2015. IoT devices will account for 24 billion, while traditional computing devices (e.g. smartphones, tablets, smartwatches, etc.) will comprise 10 billion.
Nearly $6 trillion will be spent on IoT solutions over the next five years."
For $495 you get this set of numbers:
"Here are some key takeaways from the report:
We project that there will be a total of 22.5 billion IoT devices in 2021, up from 6.6 billion in 2016.
We forecast there will be $4.8 trillion in aggregate IoT investment between 2016 and 2021."
https://www.businessinsider.com/intelligence/research-store?IR=T&utm_source=businessinsider&utm_medium=content_marketing&utm_term=content_marketing_store_text_link_top-internet-of-things-companies-to-watch-invest-2016-8&utm_content=report_store_content_marketing_text_link&utm_campaign=content_marketing_store_link&vertical=IoT#!/The-Internet-of-Things-Report/p/59665942
Here is a good read regarding the QCOM & APPL case:
http://www.fool.com/investing/2017/01/23/here-are-the-most-damning-parts-of-apples-blockbus.aspx?source=yahoo-2-news&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2-news&yptr=yahoo
Nobody said they were bad - it is just factually inaccurate to list IDCC as manufacturing anything - or would you disagree "bulldozer"??
As I recall IDCC has authorized 100 million shares so a 3 for 1 would not work unless we are below 33,333,333 shares. The .30 dividend would split nicely into .10 with a 3 for 1 so maybe that is the ultimate plan for IDCC?
Mickey you cannot have it both ways! One of your faces says IDCC (Bill Merritt) was smart to purchase Hillcrest and the other face says they (Bill Merritt) are stupid to only project 75-100 million in potential revenue from IoT. Your constant bi-polar comments have become VERY tiresome. They (IDCC) can be stupid OR they (IDCC) can be smart. They cannot be both so PLEASE STOP. Thank you.
Speaking of IDCC announcing things - have we heard anything since the formation of the Signal Wireless Trust? Their website has had zero updates since it went online in October 2013. http://www.signalwirelesstrust.com/
Bill Merritt has never said 17 trillion - this is a "Mickey" number that is unsubstantiated and has already been discredited by many posts on the subject.
I do agree 100% with "I think Merritt would know better than you or I" so why not leave it up to the professionals who DO KNOW vs all of the armchair quarterbacking in a game that has not yet even been played.
IoT projections from Cisco:
http://www.cisco.com/c/dam/en_us/about/ac79/docs/innov/IoE_Economy.pdf
For the few (or singular) who keep bashing IDCC for stating they are looking for 75-100 million from Iot in 5 years PLEASE understand that the IoT number - whatever it may become - is NOT the number to base royalties from. It will be a SMALL % of that number and that SMALL % will be split up by many many many companies!! IDCC knows more than we do so let's go with their guidance instead of continually bashing them for "not" knowing - OK??
A trillion WHAT - exactly - Mickey?? Squat or get off the pot.
LAST reply because you still have not adjusted your spectacles and as predicted you did not read the article I posted.
"I am not smart enough to figure what percentage of a trillion would 100 million would be." The company has clearly stated $75 - $100 million goal in 5 years. Remember hockey sticks? Engines and transmissions?? 600-800 million in revenues?? $75 - $100 million could increase earnings by 50% - per slide #17 from the prior post. They might hit that $75-100 million number and then they might not. Please adjust your spectacles or continue being one.
Here is an article regarding current IoT - I know you will not read it yet some here will.
http://spectrum.ieee.org/tech-talk/telecom/internet/popular-internet-of-things-forecast-of-50-billion-devices-by-2020-is-outdated
Mickey - IDCC has clearly stated they expect a range of 75-100 million from Iot in 5 years. See my post from yesterday. Looked like the same presentation was used at yesterday's 2016 NASDAQ conference in London.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126861013
The Dougherty Presentation, dated September 28th 2016, from the IDCC website. Of note is the IoT projected goal of 75-100 million in 5 years - see slide #17. Mystery of potential IoT revenue has been revealed.
http://ir.interdigital.com/Cache/1500091937.PDF?O=PDF&T=&Y=&D=&FID=1500091937&iid=4103938
ARTICLE 10 Conversion of Notes SECTION 10.01. Right to Convert.
Upon compliance with the provisions of this Article 10, a Holder may convert, at such Holder’s option, its Notes based on the Conversion Rate (the “Conversion Obligation”). Unless the Company has previously purchased the Notes, at any time prior to 5:00 p.m., New York City time, on the Business Day immediately preceding December 1, 2019, Holders shall have the right to convert any portion of the principal amount of any Notes that is an integral multiple of $1,000 only under the following circumstances:
(1) Conversion Based on Common Stock Price. On any date during any calendar quarter (and only during such calendar quarter) beginning after March 31, 2015, if the Closing Sale Price for the Common Stock was more than 130% of the applicable Conversion Price on each applicable Trading Day for at least 20 Trading Days (whether or not consecutive) in the period of the 30 consecutive Trading Days ending on the last Trading Day of the immediately preceding previous calendar quarter;
(“Conversion Rate” shall initially be 13.8172 shares of Common Stock per $1,000 principal amount of Notes, subject to adjustment as provided in Article 10. That works out to $72.37 per share conversion x 130% = $94.08)
https://www.sec.gov/Archives/edgar/data/1405495/000119312515087314/d888367dex41.htm
I believe olddog stated Barclays?? might have held the bonds.
Since everyone is now talking about charts I thought this was interesting and not yet posted.
Barchart.com's Chart of the Day - InterDigital Communications
Jim Van Meerten - BC - Wed Aug 31, 2:35PM CDT
The Chart of the Day belongs to InterDigital (IDCC) I found the wireless equipment stock by using Barchart to sort the New High list first for the most frequent number of new high in the last month, then again for technical buy signals of 80% or better. Since the Trend Spotter signaled a buy on 7/25 the stock gained 23.23%.
InterDigital Communications develops and markets advanced digital wireless telecommunications systems using proprietary technologies for voice and data communications and has developed an extensive patent portfolio related to those technologies.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
20 new highs and up 21.02% in the last month
Relative Strength Index 86.79%
Technical support level at 69.68
Recently traded at 71.38 with a 50 day moving average of 61.44
Fundamental factors:
Market Cap $2.47 billion
P/E 24.43
Dividend yield 1.14%
Revenue expected to grow 13.20% next year
Earnings estimated to increase 10.30% next year and compound annually at a rate of 27.10% for the next 5 years
Wall Street analysts issued 1 strong buy, 1 buy and 1 hold recommendation on the stock
http://www.stockta.com/cgi-bin/barchart.pl?url=%2Fpadvance.asp%3Fcode%3Dbstkta
JimLur you are correct. AS I recall IDCC is authorized for 100,000,000 shares and a 3/1 would exceed that with us currently at 35 +/- million shares issued and outstanding. One other thing - the "convertible debt" could add 4.4 million shares IF we trade above $94.08 for 20 days within a 30 day period prior to 12/01/2019.
With all due respect - not meaning to be a killjoy yet the "o-reeno" posts will ALL be deleted from this point on. While I appreciate them more than most here they do nothing, and add nothing, to this message board. On a personal note - it was Frank, aka LA RANGER of "o-reeno" fame who accidently brought IDCC to my attention - may he and so many others RIP.
THANK YOU ALL for your cooperation.
The 1999-2000 run was caused by the specialist that was trading IDCC getting caught with his/her pants down when IDCC relisted to the NASDAQ from the AMEX in 2000. The Nokia hype (their $30 million 'investment') started the run in early December 1999 and the rest is history. That is how I recall the events unfolding. Many are currently here now that were here during that time and can correct this if necessary. The 2011 spike was the 'for sale' sign. Just adding my .02 and imHo.
ddutta - thanks! Maybe someone will explain how this all works - I think fog1937 had a good summary. IF someone converts the warrants does IDCC receive the money?? And it seems like a good way for someone to manipulate the stock price??
ddutta - Was there a "Convertible Note Hedge" with the initial debt and what was the initial conversion price of the notes?
CURRENT DEBT:
Convertible Note Hedge Transactions
On March 5 and March 9, 2015, in connection with the offering of the Notes, the Company entered into convertible note hedge transactions with respect to its Common Stock with Barclays Bank PLC, through its agent Barclays Capital Inc., and Goldman, Sachs & Co. (the “Counterparties”). The convertible note hedge transactions cover, subject to customary anti-dilution adjustments, approximately 3.8 million and approximately 0.6 million shares of Common Stock, respectively, at a strike price that corresponds to the initial conversion price of the Notes, ($72.37) also subject to adjustment, and are exercisable upon conversion of the Notes.
The convertible note hedge transactions are intended generally to reduce the potential dilution to the Common Stock and/or offset any potential cash payments the Company is required to make in excess of the principal amount of the converted Notes, as the case may be, upon conversion of the Notes in the event that the market price per share of the Common Stock is greater than the strike price.
The cost of the March 5 and March 9, 2015 convertible note hedge transactions was approximately $51.7 million and approximately $7.7 million, respectively. (59.4 million)
The convertible note hedge transactions are separate transactions, entered into by the Company with the Counterparties, and are not part of the terms of the Notes. Holders of the Notes have no rights with respect to the convertible note hedge transactions. A form of the confirmation for the convertible note hedge transactions is attached as Exhibit 10.1 to this report and is incorporated herein by reference.
ddutta - Yes sir - I posted "new debt deal" and I should have specified the $316 million current debt as the old debt was paid off with the "new debt deal."
$88.46 is the "new debt deal" warrant strike price:
Warrant Transactions
On March 5 and March 9, 2015, the Company also entered into privately-negotiated warrant transactions with the Counterparties, whereby the Company sold to the Counterparties warrants to acquire, subject to customary anti-dilution adjustments, approximately 3.8 million and approximately 0.6 million shares, respectively, of Common Stock at a strike price of approximately $88.46 per share, also subject to adjustment. The warrants become exercisable in tranches starting in June 2020. As consideration for the warrants issued on March 5 and March 9, 2015, the Company received approximately $37.3 million and approximately $5.6 million, respectively.
(4.4 million share warrant for 42.9 million = $9.75 per warrant.)
If the market value per share of the Common Stock, as measured under the warrants, exceeds the strike price of the warrants at the time the warrants are exercisable, the warrants will have a dilutive effect on the Company’s earnings per share.
The warrants were sold in separate warrant transactions pursuant to the exemption from the registration requirements afforded by Section 4(a)(2) of the Securities Act. A form of the confirmation for the warrant transactions is attached as Exhibit 10.2 to this report and is incorporated herein by reference.
The warrant transactions are separate transactions, entered into by the Company with the Counterparties, and are not part of the terms of the Notes. Holders of the Notes have no rights with respect to the warrant transactions.
https://www.sec.gov/Archives/edgar/data/1405495/000119312515087314/d888367dex41.htm
Mickey, Loop posted a link to the CBOE - you SHOULD CONTACT THEM - THEY ARE THE EXPERTS!!!!!!! - https://www.cboe.com/
MSFT is selling to Foxconn the feature phone business they bought from Nokia and Nokia has created a new cell phone division called HMD Global.
http://www.theverge.com/2016/5/18/11699660/microsoft-foxconn-feature-phone-sale
Microsoft is selling its feature phone business to FIH Mobile, a subsidiary of Foxconn, for $350 million. The deal will see 4,500 employees transfer over to Foxconn's subsidiary, and Microsoft handing over the rights to use the Nokia brand, feature phone software, services, and other contracts and supply agreements. Nokia is now planning to license its brand to a newly created company called HMD global, which will produce and sell a range of Android smartphones and tablets.
This deal will only affect Microsoft's feature phone business, which is currently still using the Nokia brand for basic phones. Microsoft says it will continue to develop Windows 10 Mobile and support Lumia phones and Windows Phone devices from partners like Acer, Alcatel, HP, Trinity and VAIO.
MICROSOFT'S MOBILE BUSINESS IS WINDING DOWN
Microsoft has been winding down its feature phone business over the past couple of years. Asha, Series 40, and Nokia X handsets all shifted to a "maintenance mode" back in July 2014, and Microsoft has not added any new features or updates to those devices ever since. Microsoft switched its phone business focus solely to Windows Phone, in a move to tempt its installed base of feature and Symbian users over to its own mobile software. That has largely failed, and Microsoft only sold 2.3 million Lumia devices in the latest quarter, a massive 73 percent drop from the 8.6 million in the same period last year.
Microsoft shifted its mobile strategy nearly a year ago to focus on flagships, low-cost devices, and business phones. Microsoft's head of Windows, Terry Myerson, previously admitted that Windows Phone isn't the company's focus this year. In an interview with The Verge earlier this year, Myerson said Microsoft is "fully committed" to mobile devices, but that "if you wanted to reach a lot of phone customers, Windows Phone isn't the way to do it." Myerson reiterated Microsoft's "commitment to the mobile space" in an internal email last month.
Most rumors suggest Microsoft may be focusing on a Surface Phone launch next year. Microsoft has reportedly shelved its Lumia branding, and it's unlikely that we'll see another phone launch this year with the Lumia label. Microsoft's feature phone business sale and a reduction of Lumia production and sales leaves it up to other phone makers to help try and push Windows Phone in the right direction. Microsoft has tried to convince phone makers to build a significant amount of Windows Phone devices over the past five years, but consumer spending has been focused on iOS and Android handsets.
Update May 18th, 6:00AM ET: Article update to include Nokia's brand licensing plans.
NOKIA's 'new' company HMD Global:
http://www.theverge.com/2016/5/18/11699702/nokia-is-coming-back-to-phones-and-tablets
Mickey - you obviously did not look at the information in the link I sent you and listened to the people who have taken Rick Simpson oil and have BEAT cancer vs the poison that chemo IS - just sayin' - what are you waiting on? Bust a move Mickey - if not for your life then for your wife!
PEACE
Hi Mickey,
Having read your recent posts may I suggest getting your hands on some hemp oil?
Below is a link to explore - this is a cure for cancer that MIGHT save your life. IF you attack cancer as you staunchly defend IDCC then the cancer has no chance!!
GOOD LUCK Mickey!
www.phoenixtears.ca
PS - The 'other board' you lament is indeed for IDCC related conversations and the deletions were all proper - imho.
Looks like almost 1/3 of today’s volume was short selling.
Date |Symbol|ShortVolume|ShortExemptVolume|TotalVolume|Market
20160412|ICCC |403 |0| 1366 |Q
http://regsho.finra.org/FNSQshvol20160412.txt
Item 8.01. Other Events.
On April 12, 2016, the Paris Court of Appeal issued a confidential decision with respect to the action filed by Huawei in July 2015 requesting annulment of the arbitration panel’s award in the arbitration proceeding initiated jointly by InterDigital and Huawei. InterDigital prevailed in the Paris Court of Appeal decision, which denied Huawei’s request, and found that there were no grounds for annulment of the award.
The arbitration was commenced in the International Court of Arbitration of the International Chamber of Commerce in April 2014 pursuant to a December 2013 agreement between InterDigital and Huawei to jointly seek a determination by an arbitral tribunal of fair, reasonable and non-discriminatory terms and conditions to be included in a binding worldwide patent license agreement to take effect upon issuance of the award. The arbitration panel delivered a confidential partial award in May 2015, followed by a confidential final award in July 2015. In July 2015, InterDigital filed a petition in the District Court for the Southern District of New York (the “New York District Court”) for an order confirming the arbitration award (the “New York Proceeding”). Huawei subsequently filed a motion to stay the New York Proceeding pending the outcome of the proceeding it had filed in the Paris Court of Appeal. In February 2016, the judge in the New York Proceeding agreed to the stay, subject to the requirement that Huawei post suitable security. Such security is required to be posted by April 27, 2016.
InterDigital will seek to enforce the arbitration award, including by filing a request with the New York District Court to lift the stay in the New York Proceeding and to confirm the arbitration award.
To date, Huawei has not made any payments called for under the award. InterDigital will recognize any related revenue in the period in which the amount of revenue is fixed or determinable and collectability is reasonably assured.
More Ammo For Trump: China To Seize Foreign Tech
The Chinese central government is close to issuing controversial guidelines that would clarify the conditions under which foreign companies would be required to license technology. China’s officials did not invent the “essential facilities” concept of compulsory licensing, but it looks like they will, with predatory motive, overapply it.
Last April, China’s powerful State Administration for Industry and Commerce issued, effective August 1 of last year, the “Regulation on the Prohibition of Abuse of Intellectual Property Rights to Eliminate or Restrict Competition.” The “landmark” rule clarified the Anti-Monopoly Law, which went into effect in 2008.
Then, to further clarify the area, SAIC in early February proposed “Guidelines on Anti-Trust Enforcement Against IP Abuse.” These guidelines followed proposals of the National Development and Reform Commission, which were issued for public comment on the last day of last year.
Eventually, the State Council’s Anti-Monopoly Commission will promulgate final guidelines, taking into consideration the SAIC and NDRC drafts.
At the moment, the foreign business community is expecting the worse when guidance is issued in final form. As Reuters reports, lawyers and experts believe the proposed rules “go beyond global standards” in establishing the terms technology owners would be forced to give. Companies failing to accept such terms would face penalties for monopolistic behavior.
Particularly at risk are businesses in the telecommunications, pharmaceuticals, and renewable energy sectors.
The proposed guidelines broadly follow the results in the Huawei v. InterDigital case, heard by the Shenzhen Intermediate People’s Court. In decisions handed down in February 2013, the court required the Delaware-based InterDigitial to license telecommunications technology pursuant to the Civil Law and Contract Law and found the company to have violated the Anti-Monopoly Law by abusing its dominant position.
Moreover, Beijing then went after San Diego-based Qualcomm. Last year, the company agreed to a reduction of licensing fees and the imposition of a fine of $975 million.
(FORBES subscription required for the next 2 pages)
http://www.forbes.com/sites/gordonchang/2016/04/03/more-ammo-for-trump-china-to-seize-foreign-tech/?utm_campaign=yahootix&partner=yahootix#544642c449a5
My3sons. I did a back of a napkin calculation with out a calculator with lots of zero's - we are in the 5th year of the 5 year plan as 4 years have now passed.
2012 - 1
2013 - 2
2014 - 3
2015 - 4
2016 - 5th year of the plan
Kyocera and InterDigital Enter Into New License Agreement
(New, unspecified agreement with an existing licensee = bonus time?)
WILMINGTON, Del., Dec. 28, 2015 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that its patent holding subsidiaries have entered into a new worldwide, non-exclusive, royalty bearing patent license agreement with Kyocera Corporation ("Kyocera"). The agreement covers Kyocera's sale of certain cellular terminal unit products.
"InterDigital is pleased to continue its relationship with Kyocera, which is a significant contributor in the wireless markets and a long-time licensee of InterDigital," said Lawrence F. Shay, President of InterDigital's patent holding subsidiaries. "The agreement highlights the strength of InterDigital's research and intellectual property portfolio, and positions Kyocera for continued success in the wireless market."
About InterDigital®
InterDigital develops mobile technologies that are at the core of 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.
Sorry you missed my point. Give credit where credit is due. VERY simple to do - simply add a footnote below whatever you copy from another person on another board the source of what YOU post - it is the right thing to do. I know where the information came from - others might not.
You should cite where you got that information from FISH - just saying!
InterDigital, Intel and Alcatel-Lucent to Discuss 5g in TIA Panel
WILMINGTON, Del., Sept. 24, 2015 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that the company will join industry leaders Intel and Alcatel-Lucent as well as experts from Heavy Reading and Virginia Tech in a live video panel conducted by the Telecommunications Industry Association (TIA) on September 28, 2015 at 11:00AM ET.
TIA NOW's Abe Nejad will moderate the panel titled, "The Reality of 5G: The Operator's Perspective," that will discuss the findings from TIA's recent 5G Operator Survey and white paper. The panel will also provide guidance to the industry on spectrum, technology, timeliness and potential services for the next generation of wireless.
InterDigital's Dr. Byung K. Yi, Executive Vice President, InterDigital Labs, and Chief Technology Officer, will serve as a panelist among other industry experts that include Shawn Covell, VP, International 5G Advocacy, Intel; Dr. Michael Peeters, CTO, Wireless Business Line, Alcatel-Lucent; Dr. Jeff Reed, Professor and Founding Director of Wireless, Virginia Tech University; and Gabriel Brown, Senior Analyst, Heavy Reading.
For more information and to register for the live panel, please click here.
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.
InterDigital Contact:
Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
Olddog - it is somewhat disingenuous to say " it doesn't look too good for IDCC." Finnegan, Henderson, Farabow, Garrett & Dunner, LLP prepared the report and they are "setting the pace before the Patent Trial and Appeal Board (PTAB)." Perhaps a better statement might be that ALL IPR patent holders might need to be concerned.
It does not look too good for the USPTO for this volume of claims to be reversed at the PTAB.
Thank you for validating my point. As I stated, Nokia CAN license and manufacture NOKIA branded phones as early as January 1st 2016. WHO is to say that Nokia is not currently negotiating a licensing and branding agreement with a manufacturer to make Smartphones that could be sold as early as January 1 2016 under the Nokia name??
"While Microsoft licensed the Nokia brand under a 10-year agreement, Nokia agreed not to use its name on smartphones and will be subject to a non-compete clause preventing it from producing any mobile devices under the Nokia name through 31 December 2015. Microsoft acquired the Asha and Lumia brands as part of the deal, and are also licensing the Nokia brand from Nokia,[55] as well as the Nokia PureView and ClearBlack, Nokia Surge, Nokia Mural, and Symbian-related trademarks were acquired by Microsoft.[56][57] Further the deal included 8,500 design related patents being transferred by Nokia to Microsoft, and Microsoft will be licensed 30,000 "utility" patents by Nokia on a non-exclusive basis for 10 years.[58][59][60] While Microsoft retains a limited license to use the Nokia name and logo on feature phones, the company was only granted a transitional license to the Nokia brand name on smartphones."
https://en.wikipedia.org/wiki/Microsoft_Mobile
Fish - you are a former CFO correct? You have seen reports and are capable of crunching the numbers - what is your opinion? Nokia paid 7.2 billion for what I call a "pig-n-a-poke" so what did Google get for their 12.5 billion? My "Campbell's Soup" take: One owns 20,000 patents and the other has a 10 year license. Google net net paid 3.5 billion for a portfolio worth 5.5 billion +/- To use your words - yes, I would call that a "buy of the century" compared to MSFT/NOK.
All imho
my3 - I concur and have repeatedly stated MSFT bought what we in the South call a "pig in a poke" - 7.2 Billion for Asha and Lumina names, some utility patents and a paid up license for 10 years on the Nokia portfolio - yet Nokia CAN manufacture phones either by themselves or in partnership in 144 more days. "Pig-in-a-POKE" imho
And Mickey - yes, Nokia has fought tooth and nail to avoid ANY legal infringement - instead they slyly shifted it to MSFT and part of our court system bought it. Hopefully we nail Nokia and MSFT in Federal Court - other wise additional litigation against Nokia will need to be initiated in 2016. ALL imho.
One correction to that article: Nokia CAN make "Nokia" branded handsets beginning Jan 1 2016 - not "late 2016". That is 144 days for anyone counting.
https://en.wikipedia.org/wiki/Microsoft_Mobile