is... buying more shares
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KL were dismissed/replaced by RAK last summer, if I recall correctly.
It's going lower. Much lower IMHO.
Working? You bought at 1.93 when everyone knew this was going to drop.
You bought again in 1.70s when it was clearly still going lower and did to the 1.40s
Please don't use past trades to justify terrible present trades, there is no relation. Just like there is no relation to VRNG and DSS trading.
"Putting one's money where their mouth is" does not mean stupidly spending $1.93 on a $1 stock.
As for my trades, trust me - my money has been inline with every word I type.
Again, please free to not respond to my post. The less replies you make, the less embarrassment you will cause yourself.
please keep using your logic
it seems to be working with those buys in the 1.90s
feel free to not respond to any of my posts
Those PTAB stats I posted in November from the 1st year of IPRs turned out to be useful.
Yes, good release considering the reality of the news. Reading the IPRs it's just not good.
We are now seeing multiple small IP companies getting their litigation stayed. Not a good sign.
Markets due tend to over-react and then correct, on both ends of the spectrum. Especially with difficult to value IP stocks.
However, the thinking that significant money flows back and forth from one small PIPCO to another is illogical. Right now there is more than just retail investing in VRNG. And there are always several bigger players shorting all pre-revenue PIPCO stocks, including DSS.
While thinly traded small caps may get a bump here and there when a new SA article or other blog post is published, it is illogical to evaluate an investment thesis or trading plan for any stock based on the potential money flow of Joe Retail.
DSS is now in the $1.40s. 'Nuff said.
Closest I have found is ROBO (Robo-Stox Global Robotics and Automation Index ETF) which has about 7% of its composition in 3D printing stocks. It does have a hefty expense ratio of about 1%, which is not worth it IMHO.
The U.S. Market could surely use a tradable 3D pure play investment vehicle. In the meantime, we just create our own 3D portfolio by buying the companies directly. You can use the SXG3DPP index Gary linked to for keeping up with newer components... although i'm sure we'll hear about them sooner on this board as well as through www.3dprintingstocks.com
Today's drop was painfully obvious. Without a new catalyst in the next few weeks, it could get a lot uglier.
Not sure why people trying to play Hero and attempting to catch the bloody dagger.
Yeah, all signs point to this going much lower. Hope I am wrong for the sake of longs, but I don't think I will be.
I think the AH trades reported with four digits after the decimal place (as well as odd lots) are not true AH trades, but instead are late prints from the regular session, VWAPs, and other trades reconciled from the regular session.
For AH trades, look for those reported in regular lots (volume ending in "00") and with only two digits after the decimal.
If someone emails it to me I can.
Sticky info: Analyst Reports, Rmarchma Reference Information, etc.
If anyone has updated reports/reference material to add to this please send it via email to Jimlur or myself.
____________________________________________________________________________________
Rmarchma Reference information on IDCC
IDCC Revenues by Quarter Q1 2012 - Q3 2013
Recap of IDCC's Stock repurchases through Q3 2013
IDCC's Revenues through 2011 by licensee
IDCC's fixed-fee revenues Q4 2010 through Q1 2012 by quarter and by licensee
IDCC's fixed-fee revenues 2009 through 6/30/2010 by quarter and by licensee
Expiration dates in chronological order, and some other financial information, for IDCC's significant licenses
Rmarchma observations regarding some positive trends for IDCC since 2008
____________________________________________________________________________________
Analyst Reports:
MPartners initial coverage report (9/30/10, 19 pages)
MPartners report: Solid Performance, Dividend Coming (10/29/10)
MPartners report: Q4'10 Guidance Ahead of Consensus (11/15/10)
MPartners report: HTC Has Big Plans for 2011 (12/15/10)
MPartners report: More Happy To Come...(12/21/10)
MPartners report: 4G/LTE Performance More Assured (3/9/11)
MPartners report: War Chest Expected To Be Increased By At Least $183.9M (3/31/11)
MPartners report: Update on Nortel Patent Auction (4/5/11)
MPartners report: Patent Update FY 2010 (4/19/11)
MPartners report: Q1'11 Earnings Preview (4/25/11)
MPartners report: Q1'11 Results Follow-Up (5/2/11)
MPartners report: RIM Woes Showing Up in IDCC Performance (5/13/11)
MPartners report: Taking Advantage of Nokia's Collapse (6/2/11)
MPartners report: Winning Bid for Nortel Patents...Adds $11.00 To Our Sum-Of-The-Parts Estimate(7/5/11)
MPartners report: Striking While the Iron is Hot (7/20/11)
MPartners report: New Perspective - InterDigital As A Weapon (7/25/11)
MPartners report: Mum's The Word (7/28/11)
MPartners report: Samsung Enters The Process (8/3/11)
MPartners report: Rumors Distributed From Twitter Unfounded And Refuted (8/12/11)
MPartners report: Demand Tension Ratchets Up... Not Down (8/15/11)
MPartners report: IP Continues To Be Hot (8/18/11)
MPartners report: Samsung Thinks IDCC Is Getting Too Expensive (8/19/11)
MPartners report: ITC Initiates Investigation (8/26/11)
MPartners report: Google May Have Been Forced To Buy Motorola (9/16/11)
MPartners report: BOD Declares Regular Quarterly Dividend (9/22/11)
MPartners report: IDCC Announces Technology Conference Participation (9/23/11)
MPartners report: Deal Reporter Rumor - Company Says Process Continues (9/26/11)
MPartners report: Process Continues: Stock Fundamentally Undervalued (9/27/11)
MPartners report: Undervalued Relative To Other Patent Portfolios (10/3/11)
MPartners report: Why LG Has Suddenly Been Added To The IPR LItigation (10/4/11)
MPartners report: We Are Removing LG License Renewal From Our FYâ11 Estimate (10/24/11)
MPartners report: Q3'11 Earnings Results Exceed Expectations (10/27/11)
MPartners report: We Can't Seem To Shake Our Takeout Target (11/9/11)
MPartners report: There Was No Bid (1/24/12)
MPartners report: Fixed Licensees Success Reduces Mean Royalty Rates (2/10/12)
MPartners report: Q4â11 Beats Expectations (2/24/12)
MPartners report: An Inventory of Progress (4/5/12)
MPartners report: Expands License Agreement With Pantech and Acer (4/10/12)
MPartners report: InterDigital's GameChanger Video Solution For Networks (4/13/12)
MPartners report: Earnings Preview Q1'12 (4/20/12)
MPartners report: Earnings Results Q1'12 (4/26/12)
MPartners report: Q2'12 Guidance And Share Buyback Announcement (5/7/12)
MPartners report: Announces $375M Patent Sale to Intel (6/19/12)
MPartners report: ITC Ruling Regarding LG Termination Is Final (7/11/12)
MPartners report: Q2'12 Earnings Preview (7/23/12)
MPartners report: Q2'12 Earnings Report (7/26/12)
MPartners report: Signs Wistron To Global License (8/1/12)
MPartners report: InterDigital Vs. ITC & Nokia: Reversed & Remanded (8/2/12)
MPartners report: Q3'12 Earnings Preview (10/23/12)
MPartners report: Current Outlook For 2013 (11/5/12)
MPartners report: A Big First Week Of 2013 (1/7/13)
MPartners report: Q4'12 Earnings Preview (2/20/13)
MPartners report: Q4'12 Earnings and Outlook For FY'13 (2/27/13)
MPartners report: Q1'13 Earnings Preview (4/23/13)
MPartners report: Q1'13 Earnings Review (4/26/13)
MPartners report: Q2'13 Revenue Guidance Above Expectations â Kind Of (5/17/13)
(As of October 2013 Ron Shuttelworth has left MPartners)
Barclays Capital initial coverage report (4/27/11, 46 pages)
Barclays Capital report: F1Q First Take (4/28/11)
Barclays Capital report: Broadly In-Line 1Q (4/28/11)
Barclays Capital report: Disappointing Near-Term Guidance (5/12/11)
Barclays Capital report: Nortel Auction Highlights Value (7/1/11)
Barclays Capital report: Exploring Strategic Options (7/20/11)
Barclays Capital report: In-line 2Q Results; Earnings Call Suspended (7/28/11)
Barclays Capital report: F3Q Beat on 1x Items; Process Ongoing (10/27/11)
Barclays Capital report: Strategic Review Process Closes; No Sale (1/24/12)
Barclays Capital report: Despite Lower 1Q Guide; Optimistic on Renewed Strategy (2/7/12)
Barclays Capital report: Steady Progress Forward; Better 4Q Results (2/23/12)
Barclays Capital report: Steady Progress in a Consolidating Market (4/26/12)
Barclays Capital report: Weak F2Q Offset by Patent Sale (5/7/12)
Barclays Capital report: Progress Monetizing IPR a Positive Step (6/19/12)
Barclays Capital report: Per Unit Weak; IP Monetization Still a Focus (7/26/12)
Barclays Capital report: Ruling Strategic, Not Yet Definitive Positive (8/2/12)
Barclays Capital report: Unit Weakness Persists in 3Q, Sale Offsets (9/7/12)
Barclays Capital report: Per Unit Weak; Opex Savings a Lever for â13 (10/25/12)
Barclays Capital report: Japan Based Licensees Aide 4Q12 Guidance (11/12/12)
Barclays Capital U.S. Wireless Equipment report: Disruptive Mobility 4 - Handset Vendors (11/28/12)
Barclays Capital report: RIM Extension Supports LTE Portfolio (1/2/13)
Barclays Capital report: Past Sales Drive 4Q Beat & 1Q Guide (2/21/13)
Barclays Capital report: 1Q Revenue In-Line; Litigation Expenses Impact EPS (4/26/13)
Barclays Capital report: 2Q13 Revenue Guidance Boosted by Pegatron Past Sales (5/16/13)
Davenport & Co. report: Updating Estimates Following Q2 Revenue Guidance (5/24/10)
Davenport & Co. report: Good Quarter...Cash Balance Keeps Us On The Sidelines (7/29/10)
Davenport & Co. report: Initiation Of Quarterly Dividend Is Positive, But We Remain On Sidelines (10/28/10)
Davenport & Co. report: 2Q11 Results a Non-Event; Focus Remains on Potential Takeout (7/28/11)
Davenport & Co. report: GOOG-MMI Transaction is Positive for Patent Licensing Companies (8/16/11)
Davenport & Co. report: Core Business Declines While Sale Process Continues (10/27/11)
Davenport & Co. report: Ends Sale Process With No Bid for Entire Company (1/24/12)
Davenport & Co. report: Remain Cautious Ahead of License Expirations at Year-End (4/26/12)
Davenport & Co. report: Patent Sale to Intel is Positive, But Remain Neutral on Renewal Risk (6/19/12)
Davenport & Co. report: Lower 2Q Results on Higher Expenses; Renewal Risk Keeps Us at Neutral (7/26/12)
(Davenport & Co. has dropped coverage of IDCC)
Stephens report: Initiating Overweight; Future Not Exactly Clear, But Favorable Nokia Ruling Helps (8/3/12)
William Blair & Co. initial coverage report on IDCC and VHC (8/23/12, 80 pages)
Jefferies & Company report: Patent Wars / "the InterDigital auction" (7/21/11)
(the above report covers Apple and the price target and other financial data are related to AAPL)
Think 20|20 report: IDCC - Still in the Offing (9/12/11)
Ocean Tomo: Nortel Networks 4G/LTE Portfolio Analysis (4/6/11)
(the above report compares the quality and relevance of 13 leading competitive 4G/LTE portfolios {including IDCC} and also includes a chart and PDF file)
____________________________________________________________________________________
Videos, CAFC info, etc.:
For past information including Videos, CAFC reply briefs, detailed CAFC info -- including case details, member reports, press releases, the oral recording download & more -- please see the following older posts:
post #306080
post #352377
Thx, Ronnie. Updated in the following post.
Plz let me know if I missed something.
Sticky info: Analyst Reports, Rmarchma Reference Information, etc.
If anyone has updated reports/reference material to add to this please send it via email to Jimlur or myself.
____________________________________________________________________________________
Rmarchma Reference information on IDCC
IDCC Revenues by Quarter Q1 2012 - Q3 2013
Recap of IDCC's Stock repurchases through Q3 2013
IDCC's Revenues through 6/30/2010 by licensee
IDCC's fixed-fee revenues 2009 through 6/30/2010 by quarter and by licensee
Expiration dates in chronological order, and some other financial information, for IDCC's significant licenses
IDCC's stock repurchases by year through 2009
Rmarchma observations regarding some positive trends for IDCC since 2008
____________________________________________________________________________________
Analyst Reports:
MPartners initial coverage report (9/30/10, 19 pages)
MPartners report: Solid Performance, Dividend Coming (10/29/10)
MPartners report: Q4'10 Guidance Ahead of Consensus (11/15/10)
MPartners report: HTC Has Big Plans for 2011 (12/15/10)
MPartners report: More Happy To Come...(12/21/10)
MPartners report: 4G/LTE Performance More Assured (3/9/11)
MPartners report: War Chest Expected To Be Increased By At Least $183.9M (3/31/11)
MPartners report: Update on Nortel Patent Auction (4/5/11)
MPartners report: Patent Update FY 2010 (4/19/11)
MPartners report: Q1'11 Earnings Preview (4/25/11)
MPartners report: Q1'11 Results Follow-Up (5/2/11)
MPartners report: RIM Woes Showing Up in IDCC Performance (5/13/11)
MPartners report: Taking Advantage of Nokia's Collapse (6/2/11)
MPartners report: Winning Bid for Nortel Patents...Adds $11.00 To Our Sum-Of-The-Parts Estimate(7/5/11)
MPartners report: Striking While the Iron is Hot (7/20/11)
MPartners report: New Perspective - InterDigital As A Weapon (7/25/11)
MPartners report: Mum's The Word (7/28/11)
MPartners report: Samsung Enters The Process (8/3/11)
MPartners report: Rumors Distributed From Twitter Unfounded And Refuted (8/12/11)
MPartners report: Demand Tension Ratchets Up... Not Down (8/15/11)
MPartners report: IP Continues To Be Hot (8/18/11)
MPartners report: Samsung Thinks IDCC Is Getting Too Expensive (8/19/11)
MPartners report: ITC Initiates Investigation (8/26/11)
MPartners report: Google May Have Been Forced To Buy Motorola (9/16/11)
MPartners report: BOD Declares Regular Quarterly Dividend (9/22/11)
MPartners report: IDCC Announces Technology Conference Participation (9/23/11)
MPartners report: Deal Reporter Rumor - Company Says Process Continues (9/26/11)
MPartners report: Process Continues: Stock Fundamentally Undervalued (9/27/11)
MPartners report: Undervalued Relative To Other Patent Portfolios (10/3/11)
MPartners report: Why LG Has Suddenly Been Added To The IPR LItigation (10/4/11)
MPartners report: We Are Removing LG License Renewal From Our FYâ11 Estimate (10/24/11)
MPartners report: Q3'11 Earnings Results Exceed Expectations (10/27/11)
MPartners report: We Can't Seem To Shake Our Takeout Target (11/9/11)
MPartners report: There Was No Bid (1/24/12)
MPartners report: Fixed Licensees Success Reduces Mean Royalty Rates (2/10/12)
MPartners report: Q4â11 Beats Expectations (2/24/12)
MPartners report: An Inventory of Progress (4/5/12)
MPartners report: Expands License Agreement With Pantech and Acer (4/10/12)
MPartners report: InterDigital's GameChanger Video Solution For Networks (4/13/12)
MPartners report: Earnings Preview Q1'12 (4/20/12)
MPartners report: Earnings Results Q1'12 (4/26/12)
MPartners report: Q2'12 Guidance And Share Buyback Announcement (5/7/12)
MPartners report: Announces $375M Patent Sale to Intel (6/19/12)
MPartners report: ITC Ruling Regarding LG Termination Is Final (7/11/12)
MPartners report: Q2'12 Earnings Preview (7/23/12)
MPartners report: Q2'12 Earnings Report (7/26/12)
MPartners report: Signs Wistron To Global License (8/1/12)
MPartners report: InterDigital Vs. ITC & Nokia: Reversed & Remanded (8/2/12)
MPartners report: Q3'12 Earnings Preview (10/23/12)
MPartners report: Current Outlook For 2013 (11/5/12)
MPartners report: A Big First Week Of 2013 (1/7/13)
MPartners report: Q4'12 Earnings Preview (2/20/13)
MPartners report: Q4'12 Earnings and Outlook For FY'13 (2/27/13)
MPartners report: Q1'13 Earnings Preview (4/23/13)
MPartners report: Q1'13 Earnings Review (4/26/13)
MPartners report: Q2'13 Revenue Guidance Above Expectations â Kind Of (5/17/13)
(As of October 2013 Ron Shuttelworth has left MPartners)
Barclays Capital initial coverage report (4/27/11, 46 pages)
Barclays Capital report: F1Q First Take (4/28/11)
Barclays Capital report: Broadly In-Line 1Q (4/28/11)
Barclays Capital report: Disappointing Near-Term Guidance (5/12/11)
Barclays Capital report: Nortel Auction Highlights Value (7/1/11)
Barclays Capital report: Exploring Strategic Options (7/20/11)
Barclays Capital report: In-line 2Q Results; Earnings Call Suspended (7/28/11)
Barclays Capital report: F3Q Beat on 1x Items; Process Ongoing (10/27/11)
Barclays Capital report: Strategic Review Process Closes; No Sale (1/24/12)
Barclays Capital report: Despite Lower 1Q Guide; Optimistic on Renewed Strategy (2/7/12)
Barclays Capital report: Steady Progress Forward; Better 4Q Results (2/23/12)
Barclays Capital report: Steady Progress in a Consolidating Market (4/26/12)
Barclays Capital report: Weak F2Q Offset by Patent Sale (5/7/12)
Barclays Capital report: Progress Monetizing IPR a Positive Step (6/19/12)
Barclays Capital report: Per Unit Weak; IP Monetization Still a Focus (7/26/12)
Barclays Capital report: Ruling Strategic, Not Yet Definitive Positive (8/2/12)
Barclays Capital report: Unit Weakness Persists in 3Q, Sale Offsets (9/7/12)
Barclays Capital report: Per Unit Weak; Opex Savings a Lever for â13 (10/25/12)
Barclays Capital report: Japan Based Licensees Aide 4Q12 Guidance (11/12/12)
Barclays Capital U.S. Wireless Equipment report: Disruptive Mobility 4 - Handset Vendors (11/28/12)
Barclays Capital report: RIM Extension Supports LTE Portfolio (1/2/13)
Barclays Capital report: Past Sales Drive 4Q Beat & 1Q Guide (2/21/13)
Barclays Capital report: 1Q Revenue In-Line; Litigation Expenses Impact EPS (4/26/13)
Barclays Capital report: 2Q13 Revenue Guidance Boosted by Pegatron Past Sales (5/16/13)
Davenport & Co. report: Updating Estimates Following Q2 Revenue Guidance (5/24/10)
Davenport & Co. report: Good Quarter...Cash Balance Keeps Us On The Sidelines (7/29/10)
Davenport & Co. report: Initiation Of Quarterly Dividend Is Positive, But We Remain On Sidelines (10/28/10)
Davenport & Co. report: 2Q11 Results a Non-Event; Focus Remains on Potential Takeout (7/28/11)
Davenport & Co. report: GOOG-MMI Transaction is Positive for Patent Licensing Companies (8/16/11)
Davenport & Co. report: Core Business Declines While Sale Process Continues (10/27/11)
Davenport & Co. report: Ends Sale Process With No Bid for Entire Company (1/24/12)
Davenport & Co. report: Remain Cautious Ahead of License Expirations at Year-End (4/26/12)
Davenport & Co. report: Patent Sale to Intel is Positive, But Remain Neutral on Renewal Risk (6/19/12)
Davenport & Co. report: Lower 2Q Results on Higher Expenses; Renewal Risk Keeps Us at Neutral (7/26/12)
(Davenport & Co. has dropped coverage of IDCC)
Stephens report: Initiating Overweight; Future Not Exactly Clear, But Favorable Nokia Ruling Helps (8/3/12)
William Blair & Co. initial coverage report on IDCC and VHC (8/23/12, 80 pages)
Jefferies & Company report: Patent Wars / "the InterDigital auction" (7/21/11)
(the above report covers Apple and the price target and other financial data are related to AAPL)
Think 20|20 report: IDCC - Still in the Offing (9/12/11)
Ocean Tomo: Nortel Networks 4G/LTE Portfolio Analysis (4/6/11)
(the above report compares the quality and relevance of 13 leading competitive 4G/LTE portfolios {including IDCC} and also includes a chart and PDF file)
____________________________________________________________________________________
Videos, CAFC info, etc.:
For past information including Videos, CAFC reply briefs, detailed CAFC info -- including case details, member reports, press releases, the oral recording download & more -- please see the following older posts:
post #306080
post #352377
Up 15% today.
This is a fun ride.
PM volume is light, about 4700 shares reported by Nasdaq with most of them going off between $28-$29.
You can follow pre-market trading here: http://www.nasdaq.com/symbol/idcc/premarket
Nope. SAB is just the messenger sharing the headlines as they exist.
I've known SAB for a long time and he keeps it real. Positive or negative, bullish or bearish, he just reports what is floating out there in the public domain.
Regardless, nothing that is posted here will influence this stock. It's not some penny play.
Like I posted earlier: Why fight the tape?
Go long during the break out. That way you'll have more "selling power" to support your bearish puts or other plays when there is a turnaround.
Not rocket science.
Yup. It's amazing to see people continue to fight the tape.
The market can be "wrong" for a lot longer than Joe Trader can remain solvent. This has been the easiest leg up to ride.
I've owned my share of ADRs and ORDs listed in the Grey Market. My last such holding was MBTHF, which was the grey market version of Mosaid that traded as MSD on the Toronto Stock Exchange in Canada. When Mosaid was bought out for a healthy premium, my MBTHF reacted in equivalence with the MSD:TSX common.
Many foreign stocks are traded on the grey market. Liquidity may be an issue at times, but -generally speaking- there aren't concerns outside of what one would normally have owning the common stock on its native exchange.
This has been a quick double for me. If I can get a fill, I will try to unload my cost basis tomorrow and freeroll with the rest.
Also, someone needs to update the Intro info on this board.
Billy, thanks for the post.
The ZTE India injunction caught us all by surprise. And I'm just as confused as anyone as to why we were kept in the dark about that lawsuit and related events. Compared to the ZTE France complaint, with VRNG's announcement of the execution of obtaining evidence (saisie-contrefaçon), there does seem to be an inconsistency.
But this is the one outlier where "significant" info was not delivered directly to shareholders in a timely manner. Let's see if pattern continues or if India was a specific situation where they remained tight-lipped. From my P.O.V., it takes more than once to form a pattern.
billy,
If you look back the last year or so, VRNG has been very transparent in its communications to shareholders. This includes multiple PRs, Q&A conf calls, and SEC filings.
A reality of patent monetization is that transactions often involve silence. Sometimes the parties agree to a non-disclosure agreement (NDA) or certain other privacy provisions.
As shareholders, wouldn't we much rather prefer that VRNG complete deals with positive opportunities and agree to the other side's privacy clause demands than not signing such deals?
Additionally, if VRNG is actually involved in a partnership with ALU to monetize these patents (as has been speculated) wouldn't it make the most sense for VRNG to walk softly then to jeopardize other potential deals and monetization opportunities because they felt the need to pound the drum?
RR vs Lump sum are terms for court and past infringement calculation. Forward looking royalties involve Fixed licenses vs Variable licenses, or a hybrid of the two.
Wall street analysts actually prefer fixed licenses (repeating payments of the same amount) to variable licenses (per unit royalties) because it smooths out revenues and cash flows are easier to predict. Shareholders usually don't have the same perspective because they fear a company (like ZTE) can exceed forecasted sales and VRNG could be leaving money on the table.
The reality is that it really does not matter which is agreed upon. If there is a licensing agreement for future royalties, a fixed license should be constructed in such a way to deliver payments that will approximate expected sales. VRNG's licensing team (Cohen, et al) have so much experience, they are certainly going to place provisions in any fixed license contract that will adjust upward if sales exceed a certain threshold.
I'm not a fan of fighting the tape. Perhaps when closer to earnings I would consider puts... after I sell some long shares that is.
Can you explain why this date is bogus? I thought it turned out the date was legitimate.
For the same reason others have posted it on other VRNG message boards: because it is a publication that provides an investment analysis of the stock this message board was created to serve.
The fact that the analyst mentions shares could double in 2014 does not make it pumping material. Conversely, it presents a thesis based on fundamental analysis that shares are inherently undervalued and key catalysts in the upcoming year could unlock the potential in this stock.
It's not uncommon for pre-revenue stocks to double in a short period of time. DSS just went from $1 to $2.20 in a short period of time. SPEX went from $6 to $28 virtually overnight.
Also, it is the norm for message board participants to post articles, reports, publications, and press releases that are relevant to the stock being discussed. I'm not sure why you would bring this up as virtually every stock message board on the internet welcomes such posts as they contain timely information worthy of discussion, pro or con. Perhaps you could discuss the pros and cons of the article rather than shoot the messenger.
Not much to say. After a spectacular run the stock is consolidating. Hopefully there will be another leg up in the near future.
The article is posted there already under the topic referencing IP Hawk / IP Blog 12/08/13.
Also, it is not my writing... I only posted it here in message #46416.
Not that anyone needs reminding, but the VRNG trading cycle has once again ran its course. Everytime it pops to around $3.20 or higher - it gets sold. And then it gets bought back somewhere under $3.
Vringo Investment Thesis 12/9/2013
"Shares should easily double in 2014 to over $6."
http://theiphawk.blogspot.com/2013/12/vringo-investment-thesis-1292013.html
Vringo Investment Thesis 12/9/2013
Monday, December 9, 2013
Vringo (Nasdaq: VRNG), is a PIPCO focused on monetizing their internet search (Lang) and telecom infrastructure (Nokia) patent portfolios. Vringo is headed by a very experienced management team, which involves former Nokia executive David Cohen.
Vringo won a $30M jury verdict against Google et al, back in November 2012. Ongoing royalties are still being decided by Honorable Judge Jackson in Virginia. Everything up to the ongoing royalty is being appealed with a hearing scheduled in Q1 2014. This case at minimum should yield Vringo a high eight figure revenue number if Google in fact has a workaround. If Google's proposed workaround continues to infringe the Lang patents, Vringo will likely realize a mid nine figure number total for coverage through the remainder of the patent life, set to expire in late 2016. Google's attempts at invalidating the patents through ex parte reexaminations has failed with three certificates being re-issued. One reexamination is still pending with a decision by the USPTO to reexamine due very shortly.
In Q3 2012, Vringo acquired a wireless telecom portfolio from Nokia. The first target for the monetization campaign was ZTE, with litigation filed in Germany, UK, France, Germany, Spain, Australia, and India. An infringement hearing was held on November 12, 2013 in Germany for patent EP 1,186,119. A ruling is due on December 17th 2013 9:00am German local time. On November 22nd, Vringo announced that a court in India has granted an injunction against ZTE for patent 243,980. Vringo's goal against ZTE is two fold. First, Vringo is trying to secure a global licensing agreement with ZTE, which should yield a substantial revenue stream to Vringo. Second, a global license with ZTE will benchmark the portfolio and create a framework for Vringo to litigate and license the portfolio with other telecom infrastructure manufacturers.
Vringo currently has a market capitalization of $256M, which I believe to be severely undervalued compared to the likely revenue streams that management will secure over the next two years. I view investor sentiment to be extremely bearish as the wait for ongoing royalties continues to test retail investors patience. The bearish sentiment culminated in a seekingalpha.com article, which I view as a sign of capitulation. I am expecting shares to trade higher over the next week and a half heading into the German December 17th infringement ruling.
I have a 12/31 price target of $3.50 and expect shares to experience a revaluation significantly higher in 2014 as management continues to execute and further developments progress on the Google/ZTE fronts. Shares should easily double in 2014 to over $6.
I love this action. Groupthink fails for bears as well as bulls.
There are very few "easy plays" in large caps.
dndodd,
Haha! Hopefully you are correct. We'll see.
Does anyone know if Mpartners has made an official decision with regards to coverage on IDCC?
I am expecting them to terminate coverage now that RS has left the company, but do not recall seeing anything final.
Thank you for posting these docs (and everything else you bring here).
Jiff & all,
Thank you. My app is on file. Hopefully my past transgressions have been forgiven and the request will be granted.
"Your previous request is on file and pending Admin review."
Sticky info: Analyst Reports, Rmarchma Reference Information, etc.
If anyone has updated reports/reference material to add to this please send it via email to Jimlur or myself.
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Analyst Reports:
MPartners initial coverage report (9/30/10, 19 pages)
MPartners report: Solid Performance, Dividend Coming (10/29/10)
MPartners report: Q4'10 Guidance Ahead of Consensus (11/15/10)
MPartners report: HTC Has Big Plans for 2011 (12/15/10)
MPartners report: More Happy To Come...(12/21/10)
MPartners report: 4G/LTE Performance More Assured (3/9/11)
MPartners report: War Chest Expected To Be Increased By At Least $183.9M (3/31/11)
MPartners report: Update on Nortel Patent Auction (4/5/11)
MPartners report: Patent Update FY 2010 (4/19/11)
MPartners report: Q1'11 Earnings Preview (4/25/11)
MPartners report: Q1'11 Results Follow-Up (5/2/11)
MPartners report: RIM Woes Showing Up in IDCC Performance (5/13/11)
MPartners report: Taking Advantage of Nokia's Collapse (6/2/11)
MPartners report: Winning Bid for Nortel Patents...Adds $11.00 To Our Sum-Of-The-Parts Estimate(7/5/11)
MPartners report: Striking While the Iron is Hot (7/20/11)
MPartners report: New Perspective - InterDigital As A Weapon (7/25/11)
MPartners report: Mum's The Word (7/28/11)
MPartners report: Samsung Enters The Process (8/3/11)
MPartners report: Rumors Distributed From Twitter Unfounded And Refuted (8/12/11)
MPartners report: Demand Tension Ratchets Up... Not Down (8/15/11)
MPartners report: IP Continues To Be Hot (8/18/11)
MPartners report: Samsung Thinks IDCC Is Getting Too Expensive (8/19/11)
MPartners report: ITC Initiates Investigation (8/26/11)
MPartners report: Google May Have Been Forced To Buy Motorola (9/16/11)
MPartners report: BOD Declares Regular Quarterly Dividend (9/22/11)
MPartners report: IDCC Announces Technology Conference Participation (9/23/11)
MPartners report: Deal Reporter Rumor - Company Says Process Continues (9/26/11)
MPartners report: Process Continues: Stock Fundamentally Undervalued (9/27/11)
MPartners report: Undervalued Relative To Other Patent Portfolios (10/3/11)
MPartners report: Why LG Has Suddenly Been Added To The IPR LItigation (10/4/11)
MPartners report: We Are Removing LG License Renewal From Our FYâ11 Estimate (10/24/11)
MPartners report: Q3'11 Earnings Results Exceed Expectations (10/27/11)
MPartners report: We Can't Seem To Shake Our Takeout Target (11/9/11)
MPartners report: There Was No Bid (1/24/12)
MPartners report: Fixed Licensees Success Reduces Mean Royalty Rates (2/10/12)
MPartners report: Q4â11 Beats Expectations (2/24/12)
MPartners report: An Inventory of Progress (4/5/12)
MPartners report: Expands License Agreement With Pantech and Acer (4/10/12)
MPartners report: InterDigital's GameChanger Video Solution For Networks (4/13/12)
MPartners report: Earnings Preview Q1'12 (4/20/12)
MPartners report: Earnings Results Q1'12 (4/26/12)
MPartners report: Q2'12 Guidance And Share Buyback Announcement (5/7/12)
MPartners report: Announces $375M Patent Sale to Intel (6/19/12)
MPartners report: ITC Ruling Regarding LG Termination Is Final (7/11/12)
MPartners report: Q2'12 Earnings Preview (7/23/12)
MPartners report: Q2'12 Earnings Report (7/26/12)
MPartners report: Signs Wistron To Global License (8/1/12)
MPartners report: InterDigital Vs. ITC & Nokia: Reversed & Remanded (8/2/12)
MPartners report: Q3'12 Earnings Preview (10/23/12)
MPartners report: Current Outlook For 2013 (11/5/12)
MPartners report: A Big First Week Of 2013 (1/7/13)
MPartners report: Q4'12 Earnings Preview (2/20/13)
MPartners report: Q4'12 Earnings and Outlook For FY'13 (2/27/13)
MPartners report: Q1'13 Earnings Preview (4/23/13)
MPartners report: Q1'13 Earnings Review (4/26/13)
MPartners report: Q2'13 Revenue Guidance Above Expectations â Kind Of (5/17/13)
(As of October 2013 Ron Shuttelworth has left MPartners)
Barclays Capital initial coverage report (4/27/11, 46 pages)
Barclays Capital report: F1Q First Take (4/28/11)
Barclays Capital report: Broadly In-Line 1Q (4/28/11)
Barclays Capital report: Disappointing Near-Term Guidance (5/12/11)
Barclays Capital report: Nortel Auction Highlights Value (7/1/11)
Barclays Capital report: Exploring Strategic Options (7/20/11)
Barclays Capital report: In-line 2Q Results; Earnings Call Suspended (7/28/11)
Barclays Capital report: F3Q Beat on 1x Items; Process Ongoing (10/27/11)
Barclays Capital report: Strategic Review Process Closes; No Sale (1/24/12)
Barclays Capital report: Despite Lower 1Q Guide; Optimistic on Renewed Strategy (2/7/12)
Barclays Capital report: Steady Progress Forward; Better 4Q Results (2/23/12)
Barclays Capital report: Steady Progress in a Consolidating Market (4/26/12)
Barclays Capital report: Weak F2Q Offset by Patent Sale (5/7/12)
Barclays Capital report: Progress Monetizing IPR a Positive Step (6/19/12)
Barclays Capital report: Per Unit Weak; IP Monetization Still a Focus (7/26/12)
Barclays Capital report: Ruling Strategic, Not Yet Definitive Positive (8/2/12)
Barclays Capital report: Unit Weakness Persists in 3Q, Sale Offsets (9/7/12)
Barclays Capital report: Per Unit Weak; Opex Savings a Lever for â13 (10/25/12)
Barclays Capital report: Japan Based Licensees Aide 4Q12 Guidance (11/12/12)
Barclays Capital U.S. Wireless Equipment report: Disruptive Mobility 4 - Handset Vendors (11/28/12)
Barclays Capital report: RIM Extension Supports LTE Portfolio (1/2/13)
Barclays Capital report: Past Sales Drive 4Q Beat & 1Q Guide (2/21/13)
Barclays Capital report: 1Q Revenue In-Line; Litigation Expenses Impact EPS (4/26/13)
Barclays Capital report: 2Q13 Revenue Guidance Boosted by Pegatron Past Sales (5/16/13)
Davenport & Co. report: Updating Estimates Following Q2 Revenue Guidance (5/24/10)
Davenport & Co. report: Good Quarter...Cash Balance Keeps Us On The Sidelines (7/29/10)
Davenport & Co. report: Initiation Of Quarterly Dividend Is Positive, But We Remain On Sidelines (10/28/10)
Davenport & Co. report: 2Q11 Results a Non-Event; Focus Remains on Potential Takeout (7/28/11)
Davenport & Co. report: GOOG-MMI Transaction is Positive for Patent Licensing Companies (8/16/11)
Davenport & Co. report: Core Business Declines While Sale Process Continues (10/27/11)
Davenport & Co. report: Ends Sale Process With No Bid for Entire Company (1/24/12)
Davenport & Co. report: Remain Cautious Ahead of License Expirations at Year-End (4/26/12)
Davenport & Co. report: Patent Sale to Intel is Positive, But Remain Neutral on Renewal Risk (6/19/12)
Davenport & Co. report: Lower 2Q Results on Higher Expenses; Renewal Risk Keeps Us at Neutral (7/26/12)
(Davenport & Co. has dropped coverage of IDCC)
Stephens report: Initiating Overweight; Future Not Exactly Clear, But Favorable Nokia Ruling Helps (8/3/12)
William Blair & Co. initial coverage report on IDCC and VHC (8/23/12, 80 pages)
Jefferies & Company report: Patent Wars / "the InterDigital auction" (7/21/11)
(the above report covers Apple and the price target and other financial data are related to AAPL)
Think 20|20 report: IDCC - Still in the Offing (9/12/11)
Ocean Tomo: Nortel Networks 4G/LTE Portfolio Analysis (4/6/11)
(the above report compares the quality and relevance of 13 leading competitive 4G/LTE portfolios {including IDCC} and also includes a chart and PDF file)
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Videos, CAFC info, etc.:
For past information including Videos, CAFC reply briefs, detailed CAFC info -- including case details, member reports, press releases, the oral recording download & more -- please see the following older posts:
post #306080
post #352377
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Rmarchma Reference information on IDCC as of 6/30/2010
IDCC's Revenues through 6/30/2010 by licensee
IDCC's fixed-fee revenues 2009 through 6/30/2010 by quarter and by licensee
Expiration dates in chronological order, and some other financial information, for IDCC's significant licenses
IDCC's stock repurchases by year
Rmarchma observations regarding some positive trends for IDCC since 2008
These companies support almost all major internet/networking/telecom-related/computer-related businesses as it is in their best interest to do so.
Look what Newegg filed three years ago in the Global-Tech Appliances, Inc. v. SEB S.A case. This case went all the way to the Supremes, who upheld the CAFC's decision. Regarding VRNG, I suspect Newegg's position in its recent brief in support of GOOG uses similar language (as is used in the linked 2010 amicus brief) and has general similarities regarding patent assertion/defense.
Full PDF file of brief: http://wirelessledger.com/newegg_2010_amicus.pdf
Looks like you were 100% wrong.
PACER: 12/04/2013 Set Hearings: Settlement Conference set for 1/22/2014 at 09:30 AM in Chambers before Magistrate Judge Lawrence R. Leonard. (cdod, ) (Entered: 12/04/2013)