is retired
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Elivis, I am suggesting that they could be depressing the price and not trying tobuy a great deal.
Is it possible? Could Nokia be selling short to drive the IDCC stock price down and put pressure on management into a more favorable settlement? They could use some intermediate to do the selling to avoid problems with the SEC. Jorma wouldn't play dirty, would he? Spitzer, are you investigating Nokia? Any comments are welcome.
lastchoice,It is stress. I predict that you feel better after May 31.
Selling pressure at the end of the first quarter should stop tomorrow. This is the last buying opportunity to buy at these prices before the May 31 or sooner decision. Some institutions may start buying Friday so as not to show IDCC on their books until June. JMHO
dmiller, Oil, Gold, and Biotech stocks are down. Whatever you think, it is not just IDCC but the whole market is down. Needless to say, we are not happy about the drop in IDCC, However, you should not infer some insider knowledge about the arbitration. JMHO
Hypothetical Cases. If you could buy a stock selling at $16.11 that could go to $20-25 in 8 weeks with a stop loss at $15.00; would you buy it? If you already owned this stock, would you sell it? Answer in 25 words or less.
ams, If they were not confident, they would put a hold on all replacements and new hires until after the arbitration decision. Don't you agree?
ams, Management is showing confidence by hiring before any arbitration ruling. They could have waited until after 31 May but have increased staff and expenses before that date. Some would say that they are imprudent. I say they are so confident that they are betting their future. JMHO
The IDCC baby is waking up after its nap. Once it crossed $16.30 the option buyers appeared. For reasons I don't understand, there are still sellers showing up. I guess they don't want to keep the baby.JMHO
Corp_Buyer, Howard has a strategic plan for growth of IDCC. He is hiring and spending to achieve the growth goals. His greatest weakness is failure to adeqately communicate his growth plan to the shareholders and Wall Street. I believe that he started with the engine and transmission and the numbers on a calculator speeches but was burned by the slow development of 3G and the struggles with ERICY and NOK. In the last CC, he tried to say that the future of IDCC was never brighter but the stagnant earnings and the NOK arbitration overshadowed his statement. After the positive arbitration decisions, I predict that he will become more aggressive in his public pronouncements. Grumble all you want while you buy this undervalued beauty. JMVHO
mschere, IDCC management is highly optimistic as indicated by their hiring and budgeting higher expenses. Remember that Howard has always been conservative about expenditures. He can not say that he is optimistic about the Nokia arbitration but his actions say that he is. This is the last chance to buy IDCC at a bargain price. JMHO
sjratty, no, it was buying by the people reading my last message.
IDCC is a low risk high potential buy now. After a significant award from Nokia with Samsung to follow, there could be a 20-50% gain in 3 months.( 80-200% annual basis) There is no better investment potential in the entire world. All you Sheiks, Greek shipowners, Far Eastern exporters, Indian casino owners, and lawyers for Nokia reading this board listen to me and buy IDCC. This is a perfect buying opportunity because the present stockholders are tired and impatient and selling at a bottom in the stock price. They are looking backward at old frustrations while you rich and brilliant rascals are looking at the short or longer term future. If you wish to thank me, send gold coins or Euros.
Chill, Since Nokia listens to Howard's conference calls, it is possible that they monitor this board as well. I would suggest that if Nokia is interested in a compromise, which I seriously doubt, they can approach IDCC and make an offer. Otherwise, I support Howard's stated policy of enforcing our IPR. Jorma Ollila is an aggressive, unprincipled, egotistical individual who will negotiate when his privates are in a ringer. JMHO
sailfreeee, In addition to triple witching, S&P are changing the composition of all their indices. That may explain a lot of stockmarket activity but not necessarily prices.
JimLur, I find Marsala's focus on MUOS is far less important than IDCC's IPR in the rapidly growing 3G marketand its relatively low stock valuation. I would think he would rate it as a highly leveraged speculation. I don't understand stock analysts.
ams, I hope you are joking. Considering Nokia's announced unwillingness to pay licensing fees, their offer to settle was undoubtedly less than acceptable by any reasonable standard.
ams13sag, we are green in time for St Patrick's day. Join the celebration.
A catalyst. I suspect the publication of the resolve of IDCC management to fight Nokia is acting as a catalyst. Even though Howard said it in the CC, the tough words in the brief appear to carry more weight.
There is a change in the trading this morning. IDCC is rising in a down market. That is news! I wonder if the marvelous work By JKJ in obtaining the motion to dismiss documents triggered fear in the shorts and courage for the bulls. There is still stock being offered but it is being absorbed either by the buyback or new buyers. After weathering the winter storm, spring is in the air. I am hoping we can build momentum from here.
dmiller, The previous stock buyback was announced on October 25, 2004 when IDCC was trading around $16. In early November the stock started climbing steeply reaching around $22 by the end of December. In my opinion, they did not buy aggressively because of the rapid rise in the price of the stock. I think that they will buy at the current price level.
Controversial thought. Wall Street doesn't know or care very much about IDCC. IDCC is simply following the gyrations of the general market. Until there are major developments in this company, there will not be any specific rise in the stock. In the mean time, we have to hope for the general market to go up. JMHO. What do you think?
I am not having a good day. I am a long term investor but I follow IDCC closely. I expected the stock to rebound this week after the $17.50 option expiration. I am taking heat from my wife, children, sisters, their children, and in-laws over the poor IDCC stock performance. I will be in Europe for the next two weeks taking a beating buying Euros. I will depend on this board for information and opinions about earnings and other potential developments. ( too numerous to list)
rmarchma, Terry Clontz said that there aren't any satisfactory 3G handsets on the market. Maybe, he doesn't know about the Sanyo prducts. Smartone likes them but they are in Hong Kong and his company is in Singapore. I wonder who is right.
old dog, great post. Why doesn't IDCC hire a Chinese law firm in the US to go after the IPR thieves from China, Finland, Korea, and the US. They might work cheaper than F&J. LOL
To all IDCC investors: We were down today a nickel when the Dow collapsed. Did anyone notice? I didn't see any comments. I don't care about the price of oil over $51 or the dollar decline. Our relative strength just went through the roof. We are on the way!
j70k excellent message. I enjoyed the fact that Jorma O is a gelding.
quartzman, I agree. However I suspect that Nokia can put a better face on paying licensing fees to IDCC if they negotiate a settlement rather than forced to pay what arbitration decrees for 2G and then 3G. I assume that Nokia can negotiate a better deal on volume alone or on some cross licensing gimmick with IDCC similar to Ericsson.
rayfer, June 2005 Strike and asking price:
$17.50 $2.60
20 1.70
22.50 1.05
25 .70
Jan 2006
20 3.10
22.50 2.30
25 1.75
30 1.0
Pick your poison. Your loss is limited to the number and price of options you buy. Time is your enemy. I suggested a longer time for a greater safety but you can see that you have to pay more for it. Options expire on the 3rd Friday of each month. Talk to a broker. Good luck!
rayfer, May I suggest that you buy some Jan. '06 25 calls instead of using margin. I am not an expert on options and some other people can probably advise you. I hate margin because there could be a drop in the overall market that could force a margin call in the short term even though IDCC will rise in the long term. JMHO
sonetirot, correct. The market will be closed on Monday.
Traders, Please advise. If MM's are selling stock at $17.55 to keep a lid on IDCC for the $17.50 option expiration, Won't they be back on Tuesday to buy and even their position? Can we expect an up day on Tuesday? TIA
xdx, thank you for your reply. The MFL clause frustrates me because it prevents IDCC from offering incentives to sign a license agreement early. I continue to be amazed by our major Japanese licensees who sign up and pay.
Why doesn't Sony Ericsson sign a 3g license now? The Nokia 2G arbitration hearing is over and the trigger issue has or has not been decided in favor of IDCC. A S-E 3G license would add enormous credibility to IDCC in negotiating with Nokia and with the industry. Any thoughts about it?
corp_buyer, If I understand you correctly, IDCC should have accepted whatever Nokia offered. Nokia is on record that they don't want to pay more than 5 % licensing fees for all the IPR they use, including QCOM. If I understand their position paper, they don't want to pay any licensing fees.
Nokia has been successful in their attack if you believe that their refusal to pay is all Interdigital's fault. Personally, I trust Howard Goldberg and not Jorma Ollila.
I will let the Arbitration Board decide what is fair. I suspect that Nokia is afraid of it and is trying to use their dirty tricks to pressure IDCC into a poorer paying settlement.
Our patience is being tried. I am holding onto my shares.
Any experienced traders out there? It looks to me that some serious buying is going on which is carefully done. The buyers are trying to buy cautiously and not push up the price. I am not experienced enough to analyze and understand. Can anyone help? TIA
nieves, Motorola is introducing lots of new technology at Cannes. I hope someone will introduce Ed Zander, their new CEO to Howard Goldberg. If Jorma Ollila made it a threesome, IDCC stockholders would pick up the check.
ams. High legal fees caused by Nokia are an excellent reason to raise the licensing fees, particularly to latecomers. MFL should be reserved for licensees that pay as the IPR is used.
I would love to see heavy late surcharges for Nokia, Samsung, Motorola, and even S-E if they don't license 3G soon. Give a competitive advantage to NEC, Sharp, and the other companies that pay on time.
Is this possible? Any experts out there?
Anyone, please help. If Nokia and Samsung have MFL licenses, is there a penalty for delaying payments, when due. I hope the answer is yes. So far, I don't understand whether there is any penalty for late payment by Nokia and Samsung or any benefit to NEC and Sharp for prompt payment. TIA
Loop, I find it interesting that the the big Pharmaceutical companies have convinced the US government that they need high prices (profitability) to carry out the research and patent it to provide our society with leading edge technology. Our national defense also relies on new patented technology. I don't understand why there isn't greater criticism of Nokia in our business and government circles for their abuse of our patented technology. IDCC deserves fair licensing fees to support further technology development. The Senators and Representatives should be approachedas a start toobbying against unfair foreign competiton. JMHO