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pierre3: Next earnings guidance is when the next solar eclipse is scheduled. If not by then, who knows! LOL
Last guidance was posted May 11th, 2017, so guidance is overdue. BUT, they are erratic when it comes to posting guidance. IF they are expecting something, they hold off until the last moment, or not posting at all.
The company IS NOT required to post any guidance numbers. And with our licensing team, it is better off they don't; Nothing to report so why cause the shares to fall lower?
asr1: We really need a company that can take us out and truly monetize our patent portfolio.
Time for the company to do another 'Strategic Alternative' by putting itself up for sale.
Let's hope that would stir some interest and much needed price appreciation.
See what the IHS Markit Score report has to say about InterDigital Inc.
https://finance.yahoo.com/news/see-ihs-markit-score-report-120250114.html
InterDigital Inc
NASDAQ/NGS:IDCC
Score: Neutral (47)
11 days at current score.
Upgraded from Negative on August 11th 2017
View full report here!
Summary
This company ranked neutral compared to the Technology sector with only 1 positive IHS Markit Category
Bearish sentiment is low
Economic output for the sector is expanding but at a slower rate
Bearish sentiment
Short interest | Positive
Short interest is low for IDCC with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
Money flow
ETF/Index ownership | Neutral
View photos
ETF activity is neutral. ETFs that hold IDCC had net inflows of $2.30 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing.
Economic sentiment
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.
Credit worthiness
Credit default swap
CDS data is not available for this security.
Please send all inquiries related to the report to score@ihsmarkit.com.
Charts and report PDFs will only be available for 30 days after publishing.
This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
clamcakes, I too talk to myself about the market and our '4' portfolios and monthly I summarize where we are compared to year end.
Portfolio 1 - Dividend oriented shares literally flat for the first 7 months of the year
Portfolio 2 - IRA portfolios EXCLUDING IDCC up 5.9% since year-end
Portolio 3 & 4 consisting of IDCC only (Taxable and IRA Portfolios) --well -- we know how far down that is since year-end.
It seems like the sectors rotate their ups and downs daily. Between Utilites, Drugs, Industrials, Technologies, and Consumer sectors, one goes up while the others go down on a daily basis.
Any missed targets, OR FAILURE TO BEAT HIGH-END ESTIMATES, usually punish the stock and the punishment continues for days on end.
Litigation is another factor -- any legal issues tends to punish the defendants (Apple vs Qualcomm as an example), until a counter-suit is filed and it then brings down the plaintiff's shares.
And IDCC falls into the category in my mind of:
1. No bad news, so that is good for the stock
2. No new business, so that is bad for the stock
3. No new litigation, so that is good for the stock
4. No resolution of litigation, so that is bad for the stock
5. Exceeded 2 quarters of earnings trgets so that is good for the stock
6. Didn't surpass the street's high expectations, which is bad for the stock.
SO, at the end of the day, I say no bad news, no change in fundamentals, no change in direction, and no earth-shaking announcements makes this stock a candidate for manipulation and abuse.
Turnaround will come with news, more business, and MANAGEMENT showing we still have the goods for the future.
jmo
WayHaw: I think they should do 2 things.
1. Complete the buyback already in place.
2. Declare a special dividend immediately.
Frankly, buy backs in my mind may temporarily boost share price but in time that boost goes away, especially in this market as far as our share price goes.
A dividend increase or special dividend on the other side shows support to the shareholders who show their support in the company.
And regular dividend increases, or some annual sharing of income via special dividends gives credence to the company's future.
Not addressing the needs of the shareholders, while doing nothing in terms of new business and rewarding insiders for a mediocre job is in my opinion an insult to the shareholders.
Give us 1, 2, or 3 smaller Tier 4 licenses a guarter, while trying to hook the big fish, would show that the company and its best in class sales team isn't sitting on its arse.
The little fish are important in the food chain. Look at what is happening with Apple and Qualcomm as well as other Apple related suppliers. Losing a big fish can demolish the share price, ala Qualcomm.
JMO
More on Stock Repurchase
During second quarter 2016, we repurchased 0.3 million shares of common stock for $18.6 million . From July 1, 2016 through July 29, 2016, we repurchased an additional 0.1 million shares at a cost of $5.7 million , bringing the total number of shares repurchased under the company’s current $400 million stock repurchase program to 6.7 million shares at a cost of $313.7 million.
That (July 1 thru 29th, 2016) appears to be the last time shares were repurchased
JimLur: From the 2016 annual report:
Repurchase of Common Stock
In June 2014, our Board of Directors authorized a $300 million share repurchase program (the “2014 Repurchase Program”), and in June 2015, our Board of Directors authorized a $100 million increase to the 2014 Repurchase Program, bringing the total amount of the program to $400 million. The Company may repurchase shares under the 2014 Repurchase Program through open market purchases, pre-arranged trading plans or privately negotiated purchases.
The table below sets forth the number of shares repurchased and the dollar value of shares repurchased under the 2014 Repurchase Program during 2016, 2015 and 2014, in thousands.
2014 Repurchase Program
YEAR # OF SHARES $ VALUE
2016 1,304,000 $ 64,685,000
2015 1,836,000 $ 96,410,000
2014 1,554,000 $152,625,000
TOTAL 6,694,000 $313,720,000
Quarterly reports can tell by quarter the number of shares purchased and average purchase price.
To my recollection there were NO shares repurchased in 2017.
David, I agree with your comment that the incentive plan looks exceedingly greedy because it is only one-sided.
if you do this, you will get compensated for doing your job.
The OTHER SIDE should be something like if you do not accomplish those goals, not only will you NOT receive a bonus, but also your pay may at best remain the same, perhaps decrease, and at worse case, you will lose your job!.
Raises should be given for not only retention of existing customers, but also for increasing their use of our products and/or services.
Rewards should be given for the new business that you bring in.
One would hope that the punishment is over. However, there are many issues that still hang over our heads that need resolution.
The current pending litigation related matters need to be resolved.
The unlicensed companies need to be signed to license agreements.
Future revenues need to increase in order to command a higher PE multiple
The Board needs to implement some actions that will show that they are concerned with and are addressing shareholder values (plural on the word values) such as a COMBINATION OF
1. Share repurchases already committed to,
2. Dividend increase to add to personal wealth of shareholders (including insiders who hold on to their shares),
3. Additional personal wealth of shareholders via some type of ANNUAL sharing of undistributed profits of the company (similar to the incentive plans for insiders, except this would be directed to the shareholders.
Outside factors that would benefit the company and its shareholders would include:
A. Proposed tax cuts of the Trump administration
B. Partnerships for out solutions (IoT, M2M, Sensors, etc.) that would demonstrate IDCC's ability to play in the major league with the powerhouses in technology.
Let us just hope that outside negative factors do not arise that cause a disruption to an already tension-filled atmosphere throughout the world that can cause a swift downturn in the economy and our share price, like
A. North Korea
B. Continued terrorist attacks throughout the world
C. A downturn in the economic future of the country.
This will probably be part of the stuff that they farm out to Avanchi for licensing.
My guess is that when all is said and done, Avanchi will have many companies in their 'group' and there may not be so much bickering over licensing.
What WILL NOT fall under the Avanchi umbrella may be something that is truly unique and proprietary and individual companies may want to keep it all to themselves.
It is 'news' relating to the upcoming 5-G future.
It is obviously showing some success in a project, but this news will NOT rock the market nor propel the shares to any much higher levels today.
We need licensing news to move the stock back up to respectable levels.
InterDigital Announces World’s First Successful Mobile Edge Computing 5G Network Architecture Trial
WILMINGTON, Del., Aug. 14, 2017 (GLOBE NEWSWIRE) -- InterDigital, Inc. (IDCC), a mobile technology research and development company, today announced the successful result of the world’s first Mobile Edge Computing (MEC) trial based on new IP networking technology expected to form part of the 5G network architecture.
The three-week, real-world joint trial with Bristol is Open and CTVC Ltd. showcases InterDigital’s Flexible-IP services (FLIPS) solution and demonstrates significant performance improvements that are crucial for the success of MEC services. The demonstrated FLIPS technology will improve on experienced latency for such MEC services, while reducing the overall network utilization when accessing such services. This trial is part of the approved ETSI MEC Proof-of-Concept with an earlier demonstration given at MWC 2016 and ETSI MEC World Congress.
Designed as an internet-enabled treasure hunt in the central part of Bristol, the trial was open to anyone with an Android device with interest in testing new technology. Participants worked in teams to uncover hidden treasures in the city and were required to solve riddles related to their location. The video delivery, as part of the game’s riddle solving, experienced video latency reductions from several tens of milliseconds to link local latency of several milliseconds. In addition, the replication applied for video distribution proved six times more efficient than standard IP technology. The successful trial is realized as a pure software solution over standard computing hardware and commercial SDN-based switches without requiring a fully-fledged IP network in place.
“Latency reduction, higher bandwidth utilization, and the ability to deploy such services very close to end users rather than in some distant cloud are crucial to the success of MEC services,” said Dirk Trossen, Senior Principal Engineer, InterDigital. “This trial showcases the solutions, developed under the leadership of InterDigital, that can deliver those performance improvements under realistic conditions and with real users fulfilling the highest criteria of trials in the 5G world.”
“Deploying services so close to end users is crucial to enable new services at the network edge but even more important is doing so without the need for deploying own infrastructure in operators’ networks,” said Stuart Porter, CTVC, who commissioned the trial application being showcased.
While the trial is a major milestone demonstrating the innovations of the European H2020 project POINT, the FLIPS solution is also the major innovation driving the FLAME platform in the European H2020 project FLAME, targeting to provide a significant leap forward for media delivery supporting personalized, interactive, mobile and localized (PIML) workflows. To learn more about both European H2020 projects, visit https://www.point-h2020.eu/ and https://www.ict-flame.eu/.
mickey:
In regard to an award without any money, the bottom line is that THE AWARD DID NOT INVOLVE MONEY, but rather a decision (award) about the right to arbitrate or not on the expired license.
Olddog has said that; Paulee has said that; my3sons has said that; I say the same thing.
No One else on the board is saying that there is money attached to the award. IDCC's official filing reports (10q; 8q), press releases, everything says there is nothing going on with LG.
If you still don't believe it, call IDCC and ask Partick for his take on the LG Arbitration.
Ask your broker for his interpretation. Ask your lawyer for his interpretation.
Last year you and the board went around and around and around on this subject. You finally accepted it last year, so why bring it up again?
Go back to my exaample about a fence on the lot line. If somebody takes you to court to 'ARBITRATE' whether it is on your property or your neighbor's property, an arbitrator will study the facts and render his decision, answer, or AWARD.
Gamco -- good point ! !
Maybe the discussions may be hung up on 5-G, IoT, M2M, and even sensors and they can't agree on language that makes both parties happy.
JMO
mickeybritt: to sum up LG:
1. LG had a license covering 2G and 3G.
2. On Expiration the 2G was ‘fully paid up’ ; only 3G remained an issue of licensing
3. LG claimed that 3G was also fully paid up.
4. LG asked for arbitration
5. LG lost the claim that 3G was fully paid up
6. IDCC asked for an ‘AWARD’ confirming that 3G wasn’t fully paid up on expiration
7. The court issued a FINAL AWARD stating IDCC won on the Arbitration issue
8. In the arbitration Award, it erroneously stated IDCC was entitled to money but the amount was not stated.
9. The ARB panel issued a correction stating there was NO MONETARY award, just an award on the right to arbitrate or not.
Somewhere during this period, IDCC I BELIEVE ABANDONED ITS CLAIM THAT LG OWED for 3-G for some reason, and that is where it stands right now.
Maybe IDC is talking to LG about renewing its 3-g License BUT maybe LG no longer used IDC’s 3g, or for whatever reason, maybe even forget 3g and lets talk 4g and beyond. WHO KNOWS ! ! ! At this time I believe LG 3-G is no longer an issue before any courts.
mickekybritt: Here is your answer:
What Is Arbitration?
Arbitration, a form of alternative dispute resolution (ADR), is a process where two parties make their arguments to an arbitrator, who is a neutral third party, instead of litigating the matter in court. The arbitrator, typically a lawyer or retired judge, makes a decision following the arbitration hearing. The decision is legally binding and enforceable by the court, unless all parties stipulate that the arbitration process and decision are non-binding.
Why Does Arbitration Occur?
While arbitration may be court-ordered, it frequently occurs because the dispute involves a contract containing an arbitration clause. This contract is signed long before any disputes arise, meaning that both parties willingly agreed to resolve their disputes through arbitration from the moment that the contract and the clause are agreed to. Also, the contract will specify whether the arbitrator’s decision is binding or non-binding. If the arbitration is binding, then the parties are required to treat the arbitrator's decision as a final decision. Non-binding means that the parties are not legally bound to the arbitrator’s decision and can litigate the issue in court if they are dissatisfied with the outcome from the arbitration process.
What Is an Arbitration Award?
An arbitration award is the award granted by the arbitrator in their decision. This award can be money one party has to pay to the other party. It can also be a non-financial award, such as stopping a certain business practice or adding an employment incentive.
Is a Jury Award the Same as an Arbitration Award?
No. A jury award is an award, typically monetary damages, given by a jury in a civil court following a regular civil trial. An arbitration award is given by an arbitrator in an arbitration hearing, not in court.
Can I Appeal This Award?
As mentioned above, your ability to appeal an arbitration award usually depends on whether or not the arbitration was binding. If the arbitration is non-binding, you are free to appeal with award without needing a valid reason to appeal. However, if the arbitration is binding, then you need a valid reason to appeal the award in court, just as you would if it were a jury award.
When Can I Appeal a Binding Arbitration Award?
The following are some reasons that will permit you to appeal a binding arbitration award:
The arbitrator went beyond their powers outlined in the arbitration clause of the contract
There was some prejudicial misconduct on the arbitrator’s part
The contract containing the arbitration clause is unconscionable or otherwise void, meaning that the arbitration clause is unenforceable
The winning party used fraud or corruption to obtain the positive decision
The arbitrator made a mathematical error when calculating the wining party’s financial award
What Happens If I Win an Appeal for the Arbitration Award?
If you win an appeal contesting the arbitration award, the award is vacated. This means that award is no longer granted. Also, the dispute may then be litigated in court without having to go through the arbitration process again.
Should I Contact a Lawyer Regarding an Arbitration Award?
If you have a contract dispute and are required to arbitrate the dispute, contact a business lawyer. They can assist you in the arbitration process or with appealing the arbitration award given if you are unhappy with the outcome in the arbitration.
IHS Markit Score upgrades InterDigital Inc to 38 out of 100, despite ranking positively in only one IHS Markit category.
Markit IHS Markit
MarkitAugust 11, 2017
InterDigital Inc
NASDAQ/NGS:IDCC
Score: Neutral (38)
1 day at current score.
Upgraded from Negative on August 11th 2017
View full report here!
Summary
This company ranked neutral compared to the Technology sector with only 1 positive IHS Markit Category
Bearish sentiment is low
Economic output for the sector is expanding but at a slower rate
Bearish sentiment
Short interest | Positive
Short interest is low for IDCC with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
Money flow
ETF/Index ownership | Neutral
View photos
ETF activity is neutral but appears to be improving. Investors are committing new capital to ETFs that hold IDCC at an increasing rate, with the one-month net inflow having reached $475 million.
Economic sentiment
PMI by IHS Markit | Negative
View photos
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.
Credit worthiness
Credit default swap
CDS data is not available for this security.
Please send all inquiries related to the report to score@ihsmarkit.com.
Charts and report PDFs will only be available for 30 days after publishing.
This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
https://finance.yahoo.com/news/ihs-markit-score-upgrades-interdigital-120633983.html
TIGGS AND MAX411: i AGAIN RECOMMEND THE FOLLOWING:
At the ASM, I presented an idea that would generate in my mind interest in buying and holding IDCC Stock. Here are my thoughts:
First, I would pay out a special dividend. At this stage of the game, with over $800 million in cash and $1 billion in future revenues over what I think Merritt said was 5 years, there is a lot of cash to be had.
A special dividend of $ 1 to $2 would not break the bank! This would reward those who currently hold shares as loyal long-time holders of shares, as well as those funds who believe IDCC has the goods to propel us into 5-G and other things to come (IoT, M2M, Smart 'sensors', Cloud Computing, etc.).
Second, I would raise the regular quarterly dividend by $0.05 per share effective with the next quarterly dividend. I would also consider an annual review/increase in regular quarterly dividends based on hat is left over from the prior year profits.
This would be another sign that Management feels strongly that IDCC's future is positive and management would put it's money where it's mouth is!
Third, I would implement an regular annual special dividend tied to the profits each fiscal year. It would be a formula based on annual profits, similar to the inventive plan offerred to insiders. The better the success, the bigger the special dividend.
If the best in class licensing team licenses our patents, it will generate revenues and profits for the company, not only in the month of the license, but also ongoing future revenues.
Here, the Best in Class licensing team will keep their jobs and get raises. Insiders will get their bonuses, get raises, get incentive compensations. and other perks. Shareholders who are risking their hard earned dollars in stock ownership will likewise get paid for putting their investment into the stock of the company instead of promises of shareholder appreciation that tends to erode as it has in the past 6 months. AND, for insiders who hold shares, whether in their personal accounts or their retirement-type accounts, will also get additional benefits for holding their shares in the form of regular and special dividends.
It all hinges upon insiders meeting their goals. If they are successful, they will benefit and we all will benefit from their efforts. If they fail, we get nothing as shareholders (which we are getting now other than a regular quarterly dividend).
If they made a commitment to explore this possibility, it might stop the bleeding and perhaps entice others to invest their money in InterDigital!
All JMO but I think it wouldn't hurt, especially IF management believes they can accomplish what they have set out to do!
mickeybritt: It is like if you and your neighbor have a dispute about a fence dividing the two properties and neither of you will give in on who is right and who is wrong.
You go to an arbitrator who listens to the facts, looks over the supporting proof, evidence, and documentation, and THE ARBITRATOR interprets who is right and who is wrong and tells both of you to live with it.
The FINAL AWARD is the document that says whose fence it rightfully belongs to, and not involves any monetary amounts.
Give it up Mickey, it's over for now !
MICKEY:
THE ORDER FROM FEBRUARY 2016 KEY INFORMATION IS PASTED BELOW:
STIPULATION AND ORDER TO CONFIRM ARBITRATION AWARD AND ENTER JUDGMENT: IT IS HEREBY STIPULATED by and between the parties, through their undersigned counsel of record, and subject to the Court's approval, that: The Final Award shall be confirmed in its entirety pursuant to the Federal Arbitration Act; Judgment shall be entered by the Court in accordance with the Arbitral Tribunal's declarations and findings in the Final Award; and Each party shall bear its own costs and attorneys' fees in connection with the above-captioned matter and the underlying arbitration. Pursuant to the parties' Stipulation, IT IS HEREBY ORDERED THAT InterDigital's Petition is GRANTED, and judgment shall be entered as set forth in the Final Award and the parties' Stipulation. IT IS SO ORDERED. (Signed by Judge Jed S. Rakoff on 2/28/2016) (ama) Modified on 2/29/2016 (ama)
What it means is that IDC's request to have the 'AWARD' finalized is granted and accepted by the parties.
mickey: And the request to confirm the award was a request to confirm a non-monetary award of the arbitration rights and decision.
mickeybritt: You need to learn how to read and interpret information posted in the article you cited:
I have 'snipped' the key information from the article you referenced:
SNIP 1: InterDigital Inc. asked a New York federal judge Friday to confirm an award issued by an international arbitration tribunal in December
SNIP 2: The dispute stems from a 2006 patent licensing agreement forged between the companies, in which LG agreed to pay InterDigital $258 million for the rights to unspecified wireless patents, according to court documents
The full article is presented below, with the bold information being highlighted:
InterDigital Wants Arbitration Award Against LG Confirmed
By Y. Peter Kang
Law360, Los Angeles (February 5, 2016, 9:00 PM EST) -- Wireless communications technology developer InterDigital Inc. asked a New York federal judge Friday to confirm an award issued by an international arbitration tribunal in December against South Korean electronics giant LG Electronics Inc. in a patent licensing dispute.
The Pennsylvania-based company told the court that the American Arbitration Association's International Centre for Dispute Resolution had ruled against LG on Dec. 29 and awarded a final, binding arbitration award to InterDigital following a series of hearings that took place in July and October. The award amount was not discussed in court papers.
“The arbitral tribunal considered opening statements, written witness submissions, accompanying exhibits, live fact and expert testimony, hundreds of pages of briefing, and post-hearing arguments,” InterDigital’s seven-page petition states. “The parties were afforded due process and given every opportunity to fully present their cases.”
The dispute stems from a 2006 patent licensing agreement forged between the companies, in which LG agreed to pay InterDigital $258 million for the rights to unspecified wireless patents, according to court documents.
InterDigital said that under the Federal Arbitration Act, the district court should confirm the award as it has complied with the terms of the New York Convention.
“The sole grounds for refusal or deferral of recognition or enforcement of an award … include failure of the party against whom the award is invoked to receive notice of the arbitration proceedings and other fundamental defects in the process itself,” the petition states. “None of those grounds is present in this case.”
The company said LG cannot meet its “heavy burden” in establishing that the award should not be confirmed.
Representatives for the parties did not immediately respond to requests for comment Friday.
On Tuesday, the Patent Trial and Appeal Board shot down LG’s bid to get a second crack under the America Invents Act at invalidating a claim that is part of a multimedia system display patent owned by a subsidiary of chipmaker Advanced Micro Devices Inc.
InterDigital is represented by Lucy Yen, David S. Steuer, Michael B. Levin and Matthew R. Reed of Wilson Sonsini Goodrich & Rosati PC.
Counsel information for LG was not immediately available.
The case is InterDigital Communications Inc. et al. v. LG Electronics Inc., case number 1:16-cv-00910, in the U.S. District Court for the Southern District of New York.
--Additional reporting by Kevin Penton. Editing by Aaron Pelc.
LG 2-G or 3-G ??
Mickey wants to collect royalties on both G's !
m3s, next time use a SDAMSUNG ! lol
m3s: I think it is over now; There will be a replay later on.
Now, he talked about strong multiples (of which we don't have) even though he speaks in a positive manner about our multiples.
m3s: Are you in on the conference?
Can't hear any of the questions being raised by participants.
BUT, Merritt is talking about its 21,000 patents renewals, and license renewals ! ! !
m3s In the EVENT calendar under "upcoming events"
Merritt is speaking as I type this.
olddog: I referenced some Google searches and you quoted what these actions were all about.
If Mickey can't believe your postings, maybe he will GOOGLE the subjects and get yet another comment from knowledgable firms that writ about these things every day.
As far as I am concerned, you or I can't convince mickey he is wrong.
mickeybritt: do a GOOGLE search for 'INTERDIGITAL LG'
Read the articles that pertain to the LG Arbitration Award AND InterDigital Moves to Withdraw ITC Complaint Against LG.
maybe these 2 articles will once and for all clarify in your mind what the status is on LG.
JMO (Maybe)
mickeybritt: read the entire explanation from olddog. Take his sentence apart piece by piece and you will see what was menat.
PART 1 OF HIS COMMENT:
they could do by filing an infringement case after LG did not agree to a new agreement.
PART 2 OF HIS COMMENT:
However, since there was no subsequent court finding that LG had in fact infringed, as I also stated,
PART 3 OF HIS COMMENT:
there is no legal obligation for LG to pay IDCC anything
SO, AT THE END OF THE DAY:
A. After 5 years you get to use 2-G for free
AND
Since you are not infringing (not using) 3-G technology, you owe IDCC nothing.
No where in the 2-G 3-G original license did it say that YOU NEED TO RENEW A LICENSE FOR 3-G WHETHER YOU ARE USING IT OR NOT. BUT, IDCC needs to show that you are using (infringing) before it can sue for the infringement..
Thanks olddog. Mickey needs to relax and get off of IDCC. Sometimes I think he raises these issues to get our gander up !
66Mustang: Get Real !
mickeybritt: Here we go again! Olddog can clear it up, but as i recall:
LG's license was for 2-G and 3-G. At the expiration of the agreement, LG received a FULLY PAID UP 2-G LICENSING AGREEMENT, with the only thing remaining was a renewal license for 3-G
I believe I am correct -- but OLDDOG -- please clarify if I am correct
TIA
At the ASM, I presented an idea that would generate in my mind interest in buying and holding IDCC Stock. Here are my thoughts:
First, I would pay out a special dividend. At this stage of the game, with over $800 million in cash and $1 billion in future revenues over what I think Merritt said was 5 years, there is a lot of cash to be had.
A special dividend of $ 1 to $2 would not break the bank! This would reward those who currently hold shares as loyal long-time holders of shares, as well as those funds who believe IDCC has the goods to propel us into 5-G and other things to come (IoT, M2M, Smart 'sensors', Cloud Computing, etc.).
Second, I would raise the regular quarterly dividend by $0.05 per share effective with the next quarterly dividend. I would also consider an annual review/increase in regular quarterly dividends based on hat is left over from the prior year profits.
This would be another sign that Management feels strongly that IDCC's future is positive and management would put it's money where it's mouth is!
Third, I would implement an regular annual special dividend tied to the profits each fiscal year. It would be a formula based on annual profits, similar to the inventive plan offerred to insiders. The better the success, the bigger the special dividend.
If the best in class licensing team licenses our patents, it will generate revenues and profits for the company, not only in the month of the license, but also ongoing future revenues.
Here, the Best in Class licensing team will keep their jobs and get raises. Insiders will get their bonuses, get raises, get incentive compensations. and other perks. Shareholders who are risking their hard earned dollars in stock ownership will likewise get paid for putting their investment into the stock of the company instead of promises of shareholder appreciation that tends to erode as it has in the past 6 months. AND, for insiders who hold shares, whether in their personal accounts or their retirement-type accounts, will also get additional benefits for holding their shares in the form of regular and special dividends.
It all hinges upon insiders meeting their goals. If they are successful, they will benefit and we all will benefit from their efforts. If they fail, we get nothing as shareholders (which we are getting now other than a regular quarterly dividend).
If they made a commitment to explore this possibility, it might stop the bleeding and perhaps entice others to invest their money in InterDigital!
All JMO but I think it wouldn't hurt, especially IF management believes they can accomplish what they have set out to do!
orientbull: You have been claiming you continue to buy shares on any dip in price.
You either have a ton of shares or are buying 5 to 10 shares at at time and consider yourself as loading up the boat.
At one time, I used stock dividend reinvestment to buy dividend-type shares of utilities but have stopped doing that and now, buy in 100 lot blocks when I have accumulated some cash.
Can you clarify what you consider 'quite a few shares' ? Just curious -- 500 shares? 1,000 shares ? 2,000 shares?
TIA
olddog: Mickeybtitt can't see the forest from the trees, or vice versa.
He convinced himself that the LG arbitration decision was a decision for money due from LG to IDCC when in fact there was no monetary award involved.
mickeybritt: You said:
mickeybritt:
All too often in the past, you read or heard a comment or drew your own conclusion on a matter without fully understanding what was said, written, or decided upon by professionals whose job it is to deal with the facts of the matter and render a conclusion.
If you believe it is snowing in Florida today and the temp is -20 degrees, nobody can convince you otherwise since you have made up your mind that you are correct and everyone else is wrong,
If others with more experience in these matters have not taken action, what makes you think you know more than they do ?
With that in mind, If you still believe you are right, looking for a law firm to file action against a company. Look at Century Link (Symbol CTL), or Qualcomm (Symbol QCOM) and see the names of law firms filing class action suits against these companies on behalf of shareholders.
Or, contact your broker who can give you the name(s) of the agency or agencies that could look at the matters you think pertain to your issues.
Maybe if you contact one of them, they will listen to your issues and perhaps suggest how to proceed. I do not think you are knowledgeable enough to file on your own against a corporation.
Mickey, you NEED TO TAKE A VACATION AWAY FROM INTERDIGITAL! There isn't a whole lot you can do on your own to deal with such a complex issue. Relax, Take It Easy, Leave It Alone.
JMO