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I only wish the ITC protected American Companies like that.....
Interesting...the Chinese disappearing act that is. I wonder if their attorney suggested it....as not to give it away. Whats really to keep people from googling this stuff when they get home. If its that technical, I'd be willing to bet at least one of them was peeking. Lets hope they got the right article. ;)
Thanks for the reply and your effort as well.
Just curious....obviously there is no sequestration here, but are the jurors instructed not to go home and research some of this stuff on their own after hours ? I wonder if any of them will have a little prejudice in the back of their mind knowing its an American company against a Chinese company.
Should be an interesting Monday. Thanks for your effort.
This has more to do with the board than the internal executives....regular employees would never wish to work for someone else just because.....or even worry about having a job after a takeover to begin with.
or did you not see how Motorola does nothing for the defense of Android?...I guess you missed that one.The Telecom people think this was an absolute mistake...or now they even think it was a tax maneuver.........
what a buying opportunity gift that was. : )
sorry if this was posted already...just looked like a great guide for what each patent was worth in Nortel Auction....
http://gametimeip.com/2011/07/05/how-do-the-nortel-patent-auction-numbers-measure-up-a-look-at-comparable-ip-monetization-efforts/
OT: to all...Sunday I had the opportunity to meet a semi famous man. Frank Perconte who served with Easy Company of the 506th PIR....portrayed in the Band Of Brothers mini series. He was in 9 out of 10 episodes. He is the one who ran all the way back to base when they found the concentration camps in Germany. He is 94 years old and still lives in Joliet Illinois to this day. He really has nobody left around him in his life. Very sad really....
http://www.facebook.com/photo.php?fbid=2242788757162&set=a.2242788437154.275035.1471388765&type=1&theater
Dad... you can delete this if you wish...just thought I would share....
I agree....all it amounts to is who will be the one that overpays the most....and as you point out...its not going anywhere near 40 billion. So Google is not out of this thing at all....and if Samsung joins....they could both pay less to share in the spoils.
yup that was it...never paid attention to that....thanks....man I can see it all now...LOL
Futures getting hammered again...everyone in sell and raise cash mode.......man we need word....wuld put an end to our misery instantly.
cool...got it..Thanks
Ok Nic..TY..EOM
Hey Nic...how come I can only see up to 70's on TD Ameritrade?....any Ideas?
even veteran traders who have seen a lot...are amazed by this price action....absolutely insane. I think its clear though its no so much about the US right now as it is the EUCB
someone quoted "the market looks like a bad EKG right now"...LOL
InterDigital Could Be a Supercharged Stock
Bidding war could result in deal adding 52% to IDCC's price
Aug 4, 2011, 9:40 am EDT | By Peter Cohan, InvestorPlace Writer
In these dire days during which the S&P 500 has lost all its 2011 gains, it’s easy to think that all stocks go down. But that’s not true. On Wednesday, InterDigital (NASDAQ:IDCC), a $3.3 billion market-capitalization holding company for 1,300 U.S. and 7,500 non-U.S. wireless telecom patents, popped almost 14%. Is it too late to join the InterDigital party?
For insight into that question, it helps to understand why its stock was up so much. InterDigital is in the middle of a bidding war that could result in a sale of the company for a cool $5 billion — 52% higher than its current value — according to Bloomberg. The bidders include Samsung (PINK:SSNLF), Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG).
The intensity of this bidding war is heightened by patent litigation between Apple and Samsung. Because some of InterDigital’s patents are used in Apple’s iPhone and Google’s Android, Apple’s April 2011 lawsuit alleging that Samsung’s Galaxy uses Apple’s patents could be a factor in this bidding war. That’s because if Samsung could acquire InterDigital, it might be able to use its ownership of the relevant patents to strengthen its position in the Apple litigation.
Since July 18, the day before InterDigital announced it was putting itself up for sale, IDCC shares have risen 73%. If a sale does not go through, its shares will plunge; but if the company does find a buyer willing to pay $5 billion, they could gain another 52%.
To consider whether to buy InterDigital shares, it helps to consider whether the company would be a good investment if the acquisition rumors don’t pan out. Here are two reasons to consider investing in the stock:
Low valuation. InterDigital’s price/earnings-to-growth of 0.64 (where a PEG of 1.0 is considered fairly priced) means it is cheap. It currently has a P/E of 29.6 and is expected to grow 46.4% to $3.05 in 2012.
Many expectations-beating earnings reports. InterDigital has beaten analysts’ expectations in three of the last five reporting periods. In its 2011 second quarter, InterDigital reported 37 cents in adjusted EPS — a penny above analysts’ expectations. Although revenues were down and patent litigation expenses rose, InterDigital did benefit from rapid smartphone revenue growth — offset by the impact of the Japan earthquake.
There are two reasons to avoid InterDigital:
Not earning its cost of capital. InterDigital is earning slightly less than its cost of capital – and it’s deteriorating rapidly. How so? It produced positive EVA momentum, which measures the change in “economic value added” (essentially, after-tax operating profit after deducting capital costs) divided by sales. In the first six months of 2011, InterDigital’s EVA momentum was a whopping -23%, based on first six months’ 2010 annualized revenue of $414 million, and EVA that fell from $97 million annualizing the first six months of 2010 to -$400,000 annualizing the first six months of 2011, using a 10% weighted average cost of capital.
Falling sales and profits but stronger balance sheet. InterDigital has been shrinking. Its $395 million in revenues have fallen at an average rate of 5% over the past five years while its net income of $154 million has declined at a 10% annual rate during that period — yielding a very high 39% net profit margin. It has virtually no debt, and its cash has grown quickly at 19.7% annual rate, from $264 million (2006) to $542 million (2010).
InterDigital is an extremely profitable company, but the plunge in revenues suggests it does not have or want to spend the cash required to enforce its patents, develop new ones and license those innovations to wireless industry participants.
If 2012 earnings projections are accurate, InterDigital stock still is undervalued. But since management has decided to put the company up for sale, it is sending a pretty clear message that shareholders would be better off if the company was acquired.
Given the deep cash positions of the bidders and their strong incentives to keep InterDigital out of the hands of rivals, I’d guess there’s a better-than-50% chance a deal will go through for a price near $5 billion.
Investors willing to take that chance should consider buying InterDigital.
Peter Cohan has no financial interest in the securities mentioned.
Hot Topics: Apple, GOOG, Telecom
http://www.investorplace.com/54798/interdigital-idcc-telecom-stock/
I would think it to be more like a criminal defense case....file a different set of charges en case the bad guy got off on the others with the first trial......make sense to me.....if they are different patents then keep trying until they get it...
yes thanks....EOM
quick question....if our license with HTC cant protect it from being sued by Apple...how can we protect Google?...am I missing something?
Thanks
well he said he hears QCOM and Apple is rumored to want IDCC for 4G...wonder if his sources are any better than anyone else's....was on Squawk on the Street
Cramer just mentioned QCOM in the mix......gotta love it....
http://online.wsj.com/article/SB10001424053111904233404576457842513189166.html?mod=googlenews_wsj
By ANUPREETA DAS
Google Inc. has had preliminary discussions with InterDigital Inc. about a possible acquisition of the wireless technology developer and licenser as the company seeks to beef up its patent portfolio after failing to acquire a trove of wireless technology patents from Nortel, according to people familiar with the matter.
Google, which owns the fast-growing Android operating system used in millions of mobile phones, has a thin portfolio of wireless and telecommunications patents. That makes the Internet search giant vulnerable to patent-infringement lawsuits.
Google has held talks to buy wireless technology developer InterDigital as it seeks to beef up its patent portfolio, after failing to acquire a trove of patents from Nortel earlier.
The acquisition of InterDigital's intellectual property could help insulate Google's Android franchise from a growing number of lawsuits against device makers such as Samsung Electronics Co., HTC Corp. and Motorola Mobility Holdings Inc., which use the software to power their smartphones and tablet computers.
InterDigital said Tuesday it has hired Evercore Partners and Barclays Capital to explore strategic alternatives for the company, including a potential sale. The company's stock soared 28%, giving it a market capitalization of $2.4 billion. In early afternoon trading Wednesday on the Nasdaq Stock Market, InterDigital shares were up 14% to $60.85.
More
Deal Journal: Meet Google's Latest Target
Google's interest was prompted by the recent $4.5 billion deal for Nortel Networks Corp.'s patents portfolio, one of the people said. A group of technology companies, including Apple Inc., Microsoft Corp. and BlackBerry-maker Research In Motion Ltd., agreed to buy Nortel's portfolio of some 6,000 patents, containing intellectual property relating to wireless, Internet and other technologies, in a bankruptcy auction. The price the patents fetched was five times the $900 million Google had initially offered in a "stalking horse" bid.
On Wednesday, Eastman Kodak Co., which has been battling Apple and RIM over patent infringement, said it had hired Lazard Ltd. to explore a potential sale of its digital-imaging patent portfolio.
Part of InterDigital's decision to explore a sale was spurred by Google's interest, and the two companies have been in touch in recent days, the people said.
A spokesman for King of Prussia, Pa.-based InterDigital declined to comment on Google's interest, but said that InterDigital's patents and its engineering and licensing capabilities could be of value to several potential buyers. A Google representative declined to comment.
In recent years, technology companies have fought bitterly over intellectual property amid the surging use of smartphones and other mobile devices, a competition that has created rivalries between older phone companies, such as Nokia Corp. and newer entrants such as Apple and Google.
InterDigital owns and licenses about 8,800 patents relating to transmitting wireless data, canceling noise interference during phone calls and other technologies for use in cellular phones and networks. Its patent portfolio is built mainly around handsets, and covers different wireless standards, making it an attractive target not just for Google, but also for other large telecommunications and technology companies. Founded in 1972, InterDigital's team also invents new technologies it potentially can patent—representing new sources of revenue.
The company expects to fetch a price that not only reflects the value of its patents, but the long-term recurring revenue that stems from licensing patents, the people said. Financial advisers will likely reach out to a wide number of technology companies as part of the auction, they said.
—Amir Efrati contributed to this article.
Write to Anupreeta Das at anupreeta.das@wsj.com
If you get the free pass article there is a nice video to go along with it.......when I clicked the first time,,,I was lucky and got the free pass article with the video......
Norfolk
http://wiki.fool.com/MarketFoolery
IDCC mentioned in this APPL discussion....
nice article on the San Diego office..........
http://www.xconomy.com/san-diego/2011/05/17/interdigital-opens-san-diego-outpost-in-quest-to-ease-bandwidth-crunch/
Bad thought...but when we go weeks and weeks without news I somehow picture everyone at IDCC sitting around on their computers playing Solitaire....or Angry Birds.......come on guys....! get some signed on the dotted line already!
I think the shorts are about to go on a Nantucket Sleigh Ride !!!
test
NukeJohn...you are the best...I would never sit across a poker table from you...LOL.
Thanks a ton,
Norfolk
OT: Well yeah I agree...I did both sides too. I liked NY only because of the nice parks like Goat Park and the stuff about Tessla. We did stay in Canada too....at the Great Wolf Lodge with the kids.
Would love to go back.....a must visit for you in Fort Niagra if you haven't gone.....https://oldfortniagara.org/
Its a beautiful Fort right across from Fort Erie. Only Military presence there now is the Coast Guard. Its about 25 minutes N.E. of the falls.
If this thing goes ballistic...I will drive my dad (JimLur) to the ASM and force him to go. I drove home from Niagra Falls to the Chicago area once.....all the way through Pennsylvania...it wasn't bad at all...made it in a 10 span....he will have no choice.
One thing I think he was mad at was that that buffoon ITC attorney went first and fell all over herself. She was a complete idiot in my opinion....very inexperienced...sound like she was scared to death.
I'll bet shes not far removed from Law School.....
OMG....talk about young inexperienced Government attorneys (God Bless em)....I have seen many of those in my day. Blah...blah....blahh.....who's on first....whats on second?....she should be embarrassed. She was horrible....
you know what...no sweat....missing a couple dollars a share wont kill you....hopefully you'll pick up some tomorrow at the open!...and wont miss much of a beat!
Soon it wont matter at all.....you'll be in the money no matter what in my opinion.
LOL...well a 3 for 1 split make take us there briefly.....:P
well...very good then it appears heavy volume came after that the volume spiked...looks like 1729 contracts ....83 cents last trade. Small volume on the 55;s ...never the less there was some.
Thanks Glennymo
Was anyone watching when the Jan 22 50's started to get heavy volume?....was it mostly after the hearing?...or steady throughout the day?
TY Data as always.
hmmmm...are you an Engineer sir?....and where you at the hearing?. Have you ever sat in a court room....with understanding of whats at stake?....A lot easier to do when dealing with a judges panel rather than a jury of laypeople.
For you to say hes creating hype is very obtuse on your part.
Q ...thanks for your professional insight. I for one like many here really appreciate you taking the time to keep fellow investors better informed.
Cheers to you Sir !
Norfolk