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Thanks David. I'll be sure to bookmark this site.
Hi Ron, it's good to see you back contributing your expertise. Did you buy back into IDCC? tia
Exactly.....it was a "he said, they said" comment from BM.
I believe the worst may be behind us in regards to the stock price
Please elaborate regarding stock price. Are you saying IDCC won't go below $30? tia
Lime, some guys just have to always be right even when they're wrong. Me, I just want a comfortable retirement and hopefully IDCC will provide just that. JMO
And I thank you for that, lol.
If not mistaken this kinda blows your previous post out of the water.
Ahh, my hunch was correct.
Up a buck twenty on decent volume.
Merritt just stated that IDCC is exactly the type of company the ITC was designed to protect. Makes sense to me. JMO
GBR, thank you kindly. It's nice to somewhat understand the maze of legal vegetable soup.
Holy cow! 40 pages of mumbo jumbo jibberish. Maybe Loophole, Ghors, OldDog or GBR can decipher it in a language we can understand. It seems my comprehension skills are deteriorating as I get a little older. Tia
This is my favorite sentence in the release.
InterDigital has also promised to stop forcing Chinese companies to license some of their patents to it for free.
Sons, it appears that confidence levels are high right now......even Loop is showing a glimmer of hope. For me, good news can't come soon enough. Btw, OldDog hasn't been around for a while. Hope he's OK.
I'll keep my fingers crossed.....Hell, I'll even keep my balls crossed. I know Nokia isn't a big deal any more, but I still want to see them squeezed down to their knees. Hopefully it happens sooner than later.
David, after reading the link you provided, it appears that IDCC bonuses are suppose to be "performance" incentives before the fact. I guess we'll have to wait to see how effective they are.
I don't know, Mickey. Seems to be a common practice in public companies now days. However, I'll be sure to tune in to the CC next week.
Yup, I agree. When the cookie jar is full, the guys with access to the cookie jar tend to reach in for more cookies. JMO
Relating to IDCC, I was hoping for something more along the lines of.......................
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
InterDigital, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
45867G101
(CUSIP Number)
December 31, 2013
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[X]
Rule 13d-1(b)
[ ]
Rule 13d-1(c)
[ ]
Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Continued on following pages
Page 1 of 6 Pages
CUSIP NO. 45867G101
Page 2 of 6 Pages
1.
Names of Reporting Persons
Paulson & Co. Inc.
2.
Check the Appropriate Box If a Member of a Group (See Instructions)
a.
[ ]
b.
[X]
3.
SEC Use Only
4.
Citizenship or Place of Organization
State of Delaware
5.
Sole Voting Power
Number of
Shares
1,630,000 (see Note 1 to Item 4 below)
Beneficially
Owned By
Each
6.
Shared Voting Power
None
Reporting
Person
With
7.
Sole Dispositive Power
1,630,000 (see Note 1 to Item 4 below)
8.
Shared Dispositive Power
None
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
1,630,000 (see Note 1 to Item 4 below)
10.
Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
[ ]
11.
Percent of Class Represented By Amount in Row (9)
3.96%
12.
Type of Reporting Person (See Instructions)
IA
CUSIP NO. 45867G101
Page 3 of 6 Pages
Item 1(a).
Name of Issuer:
InterDigital, Inc.
Item 1(b).
Address of the Issuer's Principal Executive Offices:
200 Bellevue Parkway, Suite 300
Wilmington, DE 19809
Item 2(a).
Name of Person Filing
Paulson & Co. Inc.
Item 2(b).
Address of Principal Business Office or, if None, Residence:
1251 Avenue of the Americas, New York, NY 10020
Item 2(c).
Citizenship:
Delaware corporation
Item 2(d).
Title of Class of Securities:
Common Stock, par value $0.01 per share
Item 2(e).
CUSIP Number:
45867G101
CUSIP NO. 45867G101
Page 4 of 6 Pages
Item 3.
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
(e) Paulson & Co. Inc. is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940.
Item 4.
Ownership:
Item 4(a).
Amount Beneficially Owned: 1,630,000 (see Note 1)
Item 4(b).
Percent of Class: 3.96%
Item 4(c).
Number of shares as to which such person has:
(i)
Sole power to vote or direct the vote: 1,630,000 (see Note 1)
(ii)
Shared power to vote or to direct the vote: None
(iii)
Sole power to dispose or to direct the disposition of: 1,630,000 (see Note 1)
(iv)
Shared power to dispose or to direct the disposition of: None
Note 1: Paulson & Co. Inc. (“Paulson”), an investment advisor that is registered under the Investment Advisors Act of 1940, and its affiliates furnish investment advice to and manage onshore and offshore investment funds and separate managed accounts (such investment funds and accounts, the “Funds”). In its role as investment advisor, or manager, Paulson possesses voting and/or investment power over the securities of the Issuer described in this schedule that are owned by the Funds. All securities reported in this schedule are owned by the Funds. Paulson disclaims beneficial ownership of such securities.
CUSIP NO. 45867G101
Page 5 of 6 Pages
Item 5.
Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date hereof any of the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following [X].
Item 6.
Ownership of More than Five Percent on Behalf of Another Person:
All securities reported in this schedule are owned by Paulson’s advisory clients, none of which to Paulson’s knowledge owns more than 5% of the class. Paulson itself disclaims beneficial ownership of all such securities.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
Not applicable.
Item 8.
Identification and Classification of Members of the Group:
Not applicable.
Item 9.
Notice of Dissolution of Group:
Not applicable.
Item 10.
Certification:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
CUSIP NO. 45867G101
Page 6 of 6 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date: February 14, 2014
PAULSON & CO. INC.
By: /s/ Stuart L. Merzer
Stuart L. Merzer
General Counsel & Chief Compliance Officer
Thanks Sons. From what I gather, the ITC erred in their decision and got their hand slapped by CAFC.
Sons, do you have the translated version so us "legally" challenged folks can understand the content? Tia
Has the price reached your re-entry point yet?
Never mind, I just read that you're a point down.
I can't begin to tell you how grateful I am that you brought this to my attention. Thank you so very very very very very very much!
It's good to see Paulsen still has skin in the game.
Yep, same thing on my Imac and Ipad. The pages open very slowly.
You're right....the game isn't over, but how many more decades will it take? Some of us are advancing in years and wouldn't mind being around to enjoy it.
How about a more worthy adversary?
IDCC vs QCOM
Then why do they have an excellent record on appeals and arbitrations?
Then why is the share price the same as in 2006? We live in a "show me the money" society.........so, SHOW ME THE MONEY. Btw, ask yourself who's making money with all those appeals......the lawyers of course. And management isn't bashful when it comes to bonuses and pay raises either. Face it David, this investment hasn't been great for shareholders. JMO
I was critical of IDCC for the very same reasons when I first invested in their stock and I still think they were simply out-lawyered in many cases. But the reality is that current management is not going anywhere in the foreseeable future so we have to make do. JMO
Who is the authority figure in a scenario like this.....CAFC or ITC? There has to be some recourse here.
Loop, does IDCC's legal team have an opportunity to point out these items to ITC? Otherwise this is a very one sided opinion.
Thanks David. Very interesting how Bill Merritt explains the process of developing technology and every level of how that tech is used to improve wireless devices. I liked how he described the IPhone would be a IPad if Apple relied only on their own patents. Great analogy.
This share price is a mystery I can not figure out. How many companies do you know of that have roughly $17 per share in cash and are trading at $27? Am I the only one that can't wrap my brain around this? Especially with Huawei arbitration due before years end.
Damn Loop, you offer a very compelling argument that could/would remove the word "troll" from IDCC's critics. If only IDCC would defend their history more effectively.
Regarding "strongest".....I recall Merritt stating that he'd put up IDCC patents against anybody's. Maybe all IP companies say theirs is the best.
Fish, I guess that leaves us with only one choice.......to be (as my neighbor says) pessimistically optimistic.
I see your point. Might be a bad idea to change directions mid-stream. However, it would be nice if they could give us an inkling of what is going on. Personally, I'd like to hear Merritt reaffirm his $800m per year statement. Gotta say though......I'm running low on patience......time for IDCC to poop or get off the pot.
Great post, GBR. I wonder if the BOD would pay attention if we all were to cut and paste your post and email it to IDCC......with your permission of course.
At 60, I must be younger than you guys because I still like Pink Floyd and Uriah Heap :)