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Turney, as of 3-31-16 there were 237 Institutional holders of Interdigital stock, holding
Of the 35 million shares outstanding:
237 institutions hold 24.563 million shares (71.05%)
That leaves around 10.437 million shares held by 'others'.
I wish there was some source where the 10.437 million shares would show how many individuals own those shares.
I would think that the Stock Transfer Agent for InterDigital would have the number of individual shareholders at least as of the record date for the dividend. I do not know, however, if a brokerage firms had multiple clients with IDCC shares, would the transfer agent know the individual holders or would it just show '1 holder for Scottrade, 1 holder for Schwabb, 1 holder for Goldman Sachs, etc.
Olddog: Your thoughts or expertise would be informative.
TIA
Or sell itself to the highest bidder, since it can't monetize its patents by licensing them.
Maybe whoever would buy IDCC for its patents could buy others and create a monopoly -- on that manufacturers can't live without the patents.
100,000 SHARES TRADED IN FIRST 5 MINUTES. Down $0.28
OLDDOG, I thought that the courts had 2 months to decide whether to accept Huawei's appeal request and then Huawei had 4 months to file their briefs followed by IDCC's 2 months to submit their answer.
SO, the time frAame looks like this ( ? )
April 27th, Huawei notifies court of their appeal
August 27th, Huawei must file their briefs by this date
October 27th, IDCC must file their responses
A DATE AFTER OCTOBER 27TH, 2016 -- the Courts come up with their decision.
WHAT WE DO KNOW:
1 ONE Payment was made on April 27th, 2016
2 ONE Payment was made on May 27, 2016
What we DON'T know:
1. Whether there is an additional payment due June 27, 2016 under the 'substantial amount' stated by the courts
2. Any additional payments due monthly or quarterly beyond June 27th, 2016 on the 'substantial amount'
3. Whether these 'payments' are back-payments going back to January 1, 2014
4. Whether they cover 'Outside of China' or 'China proper' or ' Both'.
SO, it could be choices (based on Lawyers, Accountants, and/or Management's feelings) between:
1. Book it when there are no give-backs and everything is signed, sealed, and delivered (which may be as late as 2017);
2. Book it the 3rd or 4th Quarter which will give 'us' time to sort it all out and be closer to a final answer;
3. Book it now and adjust it later (provided we can see everyting being settled before year-end).
The fact that guidance hasn't been determined, it could be that the decision is leaning toward booking it this quarter.
You can probably guess that I am trying to set some strategies in place and time-frames for possibly re-positioning my holdings and may be swayed by what happens and when.
Thanks for your guidance and clarification on matters I am uncertain about.
idOcARE: Second, on April 27, 2016, Huawei filed an appeal of the April 12, 2016 Paris Court of Appeal decision with the French Cour de Cassation. The appeal is currently pending (From a Post Response from olddog967.
SO, 2 months from April 27th, give or take a day here or there. I would hope that the date is on or around June 27th, but you know how that goes.
olddog967: Thank You. The good news is that you clarified that the royalty terms for the period beginning January 1, 2014. Also, the issues cover 2 different rates (Worldwide versus In-China rates.
The bad news is If Huawei wins their appeal and there is no agreement, Huawei can request that the monies paid be refunded.
This seems to imply that IDCC cannot recognize any monies received as income until both parties agree to a license or Huawei loses the appeal. So, the soonest we can recognize income is in 2 months from the date of the appeal and going out to 2017 once the appeal process is completed and back to the courts for a decision.
It is sad to say that a binding arbitration decision is not binding and is subject to appeal, but that's the way it is.
Thanks again. Looks like we are still in the 'wait and see' mode.
olddog: I'm totally lost on what is going on. Maybe my comprehension has been affected by my frustration with the goings on since the ASM power outage coupled with some other matters going on.
Am I correct to assume that:
1. We have some type of licensing agreement in place for product licensing agreement from 2015 going forward? The monies collected in April and May pertain to this licensing agreement.
2. The appeal of the Paris Arbitration is under consideration by the Paris Court and is for product licensing prior to the Licensing agreement now in hand and may result in additional sums of money (substantial amount) if the appeal is rejected.
The monies already collect MAY be adjusted if Huawei and IDCC agree to some settlement terms (on the substantial amount) which may result in the revision of the 'licenes in hand' and their terms.
Thanks for trying to clarify this for me.
SO, a 1-2 punch will be forthcoming, possibly in the beginning of 2017 (in the timetable for Huawei's appeal if accepted by the courts).
Punch 1 is the Huawei matter
Punch 2 is the achievement of the revenue target of $500 million.
olddog; so we may be into EARLY 2017 now before this part is put to bed. Then who knows what other angle Huawei will come up with to delay even further.
UNLESS, as Merritt hinted in his cryptic manner that IDCC and Huawei are perhaps trying to structure some other deal that are beneficial to both parties (from the Annual Shareholder Meeting).
STATUS LETTER SUBMITTED IN HUAWEI CASE
Payment made (no amount shown) and Huawei has appealed to French Supreme Court.
Re: InterDigital Commc’ns, Inc. et al. v. Huawei Inv. & Holding Co., Ltd. et al.,
Case No. 1:15-cv-04485-JGK
Dear Judge Koeltl:
Pursuant to paragraph 3 of the Court’s April 26, 2016 Order (Dkt. No. 88), InterDigital writes to provide updates regarding (1) Huawei’s compliance with its agreement to make payments to InterDigital and (2) the status of the annulment litigation in France.
First, we confirm that as of this date, Huawei is in compliance with its obligations under the April 26 Order, including its obligation to make the payment to InterDigital specified in paragraph 1(a) of that Order by May 27, 2016. Second, on April 27, 2016, Huawei filed an appeal of the April 12, 2016 Paris Court of Appeal decision with the French Cour de Cassation. The appeal is currently pending.
Respectfully submitted,
WILSON SONSINI GOODRICH & ROSATI
Now that I recall i also think it was olddog that reported the appeal. I questioned why they didn't do a press release and it was a matter of timing between filing some report and when notifioation was received by InterDigital.
mickeybritt: I believe earlier discussions on the board stated that Huawei DID appeal the Paris decision. I thought it was 1 day AFTER the decision was rendered.
Somehow, I remember something about 2 months for the courts tod ecide whether to accept the appeal, 2 to 4 months for Interdigital to respond, and then another 2 or 4 months for Huawei, followed by a decision by the courts within 2 months after that.
I may be wrong, because I was in and out a lot the last couple of weeks.
RE: Annual Shareholder Meeting & Earnings Guidance
Here is what I think InterDigital should do:
1. Figure out the Uuawei Deferred Revenue disposition
2. Hold a Earnings Guidance Conference Call
3. Do the 'Q&A' portion of the shareholder meeting
These should be done very soon (in the next 2 weeks, given compliance with rules & regulations.
JMO
JohnSamuel, you are thinking just like me about closing deals. Too bad the courts don't lock all parties in a room until they hash out a deal or can prove without a reasonable doubt whether they are using the patents or not.
NO TV, no pay per view movies, no $100 meals, no $100 bottles of wine. Instead, a computer with limited functionality, a radio, cold-cut sandwiches and coffee, and attorneys to hash out the terms.
No one showers or shaves or changes their clothes until the deal is signed, sealed, and delivered.
I am sure that there would be a lot of give and take under those circumstances.
LOL but not a bad idea.
LOOP,
Many on this board feel that I complain too much and say that I should sell and move on.
Like your comments, I too feel that individual shareholders are treated like third class citizens. We need to have the company hear our concerns and respond to them with either valid reasons or a plan of action with timeframes. None of this ‘…we continue to discuss with them …’.
Institutions are concerned with price appreciation and dividends. Any sign of a slow-down or change in trends, they can turn n a dime.
Analysts can’t get their hands around future revenues too easily because of the ‘secrecy’ of the company’s deals or reasons for lack thereof.
IDCC has been successful despite all the trials and tribulations it has experienced over the past decade.
---Our engineers seem to be ‘best in class’;
---Our products (patents) seem to be innovative and ‘best in class’;
---Our foresights of future needs are exceptional.
SO, what is wrong and why are we where we are and not where we should be?
---Ability to properly protect our patents?
---Ability to properly secure licenses?
---Ability to successfully license other companies?
---Ability to successfully manage all facets of the company?
Somewhere, I need to stick in the issue back a few years ago about our ‘strategic alternative’ review.
---Are we stronger today than we were back then?
---Have we considered reviewing that process again?
---Are we better off proceeding on the course we currently are on?
---Is there any other direction we can take that will get us where we should be?
These are the tough issues that as a business owner (and as shareholders we do own InterDigital) we need to know AND InterDigital needs to know what our issues are.
Like many old timers (and Cubs Fans, I hoped this is the year. It may still be, but one-half of the year is gone. Time is running short.
felix7: I too felt like, even though the power outage was out of their control, the BOD should give the shareholders another chance at a Q&A session. This is our ONLY true opportunity to speak directly with 'Management' and/or Board of Directors. And from my recollection, I think there were 88 people logged in to the Web -- and I bet a lot of them were just us common shareholders!
On earnings calls, the 'shareholders' don't have access to the BOD; a 10 second pause in the Q&A session results in the 'end of the conference call" signsal. Maybe they should open it up to emailed inquiries from the 'minorities'.
I don't know if people try to communicate directly with the BOD through the website, but in the times I have I get a quick 'canned reply' of we thank you ... and the board looks at requests ... etc., but have NEVER received a response after that.
ALSO, What surprised me was the number of "NO" votes for Merritt; it demonstrated to me that he is losing 'popularity'. He got more NO votes than Roath who I don't believe has shown up at ASM's to my recollection.
All J M H O and for those who disagree with my comments, it is your right to disagree just like it is my right to 'complain'. Me, I like to know what's going on instead of just being complacent.
.
Are you kidding ? ? ?
Anybody getting anything yet?
You would think that there would be backup power in the form of generators that could kick in and allow for the continuation of this important day.
SO, I hope they reschedule the Q & A session with proper notification to the shareholders and participants.
dID WE LOSE THE AUDIO PORTION OF THE MEETING?
TIA Survey: IoT To Make Up Almost Half Of It Budgets By 2020
Systems integrators lead the charge, managing two thirds of current internal IoT projects
InterDigital, Inc.
3 minutes ago
GlobeNewswire
http://finance.yahoo.com/news/tia-survey-iot-almost-half-143043996.html
WILMINGTON, Del., June 08, 2016 (GLOBE NEWSWIRE) -- A white paper for the Telecommunications Industry Association from Machina Research emphatically reveals the coming importance of enterprise IoT and the central role systems integrators are playing in the commercial development and deployment of IoT services. A survey of 200 businesses revealed the vast majority will be using IoT services within two years and that nearly two thirds of companies are currently working with systems integrators to progress internal IoT projects.
“Overwhelmingly businesses have woken up to the transformational benefits of IoT and are rushing to deploy those services, but at the same time appreciate there may be a rocky road ahead turning a good idea into a technically feasible and profitable one,” said Jim Nolan, Executive Vice President, IoT Solutions, at InterDigital. “This is where companies like IBM, HP, Tech Mahindra, Wipro, Accenture and other system integrators are worth their weight in gold, making the link between specialized IoT providers and the applications that companies need to leverage connectivity.”
The research report, co-sponsored by InterDigital (IDCC) and Telit, shows that overall demand for IoT applications and services remains extremely high, with the vast majority of decision makers (91%) expected to be using some form of commercial IoT service within the next two years. Indeed, almost half (48%) are benefitting from them today.
As partners, they’re turning to those they trust ahead of those most specialized, with systems integrators (28%) and business software partners like Salesforce.com and Oracle (16%) leading the responses. Even among IoT companies, the focus was on end-to-end solution providers, whether standards-based (16%) or proprietary (15%), versus technology suppliers. Interestingly, mobile operators were not a partner of choice, with only 8% of respondents seeing them as primary providers.
In terms of driving adoption, cost savings held the edge over expanding business, with monitoring for maintenance (25%) and reducing operational expenses (25%) comprising half of respondents’ top strategic reasons for deployment, versus just over one third of respondents who favored expanding revenue opportunities (18%) or better competing with rival products and services (18%).
With such vast scale building around commercial IoT deployments, decision makers singled out the importance of agreeing a set of IoT standards to futureproof new services. Such an open commitment to standardization will ease the task facing systems integrators in developing and building adaptable and interoperable IoT applications.
InterDigital, Inc. breached its 50 day moving average in a Bullish Manner : IDCC-US : May 23, 2016 Capital Cube q 16 days ago
InterDigital, Inc. breached its 50 day moving average in a Bullish Manner : IDCC-US : May 11, 2016 Capital Cube q 28 days ago
More
Of the businesses participating in the research, 66% highlighted standards as being either crucial or significantly important in the adoption of the IoT services over the next couple of years. As part of the solution for solving the complexity of incorporating IoT, 76% of companies are either exclusively or primarily focusing on integrating legacy business systems with IoT solutions to get them fit for purpose.
Other key findings of the report included:
On average, 44% of IT budgets will by 2020 be solely used for the purpose of IoT project development and maintenance
76% of enterprises indicate they have short-term (i.e. within next two years) goals for the integration of new IoT solutions with legacy systems
98% of decision makers consider product monitoring useful to their businesses, with 78% indicating the ability to receive real-time data from their products would be extremely beneficial
“The importance of marrying IoT with the existing legacy systems cannot be downplayed. Along with having a set of standards in place, businesses will be leaning heavily on system integrators to weave the future with the present,” said Andy Castonguay, Principal Analyst, Machina Research and lead author for this report. “Our research shows businesses are prepared to set aside nearly half of their IT budgets by 2020 to get this right, demonstrating just how much of an opportunity IoT represents.”
InterDigital develops wireless technologies for mobile devices, networks, and services. It is a key contributor to global wireless standards, designing and developing a wide range of innovations that are used in digital cellular and wireless products and networks, including IoT, 2G, 3G, 4G and IEEE 802-related products and networks.
The full TIA White Paper, entitled ‘Internet of Things Enterprise Survey’, is available to download here.
In addition, act upon a special dividend of $2.00, relieving itself of huge amounts of cash that IDCC can demonstrate in REAL DOLLARS that it is addressing shareholder value.
Maybe consider a RETURN OF CAPITAL dividend that is generally not taxable to the individual under certain circumstances.
Both of these would send the shorts scrambling and make the street notice InterDigital.
JMO
jist1: I believe that InterDigital is not obligated to update any guidance once it is given. SO, if they give guidance today and something positive happens over the next few days, they are not required to update their guidance.
Something comes to mind that in the opening comments prior to guidance, Patrick VanDeWille says something that they are not required to update guidance.
Got a dentist's appointment but will try to check it out when I come back.
JMO.
olddog: Was anyone made aware of the
INTEL, you WILL be the 5-G leader WHEN YOU BUY Interdigital.
s mickeybritt says, IDCC is a SCREAMING BUY at these prices. Once the Paris Arbitration Appeal time expires, it will cost you much more to acquire IDCC.
You have 10 days to go before the June 12th date, so you better get busy this weekend. Next weekend may be too late as perhaps someone else may take a stab at the company.
BKTA
JMO
Since June 12th is a SUNDAY, I am presuming that the courts extend the date to the next business date of Monday, June 13th.
AND, since Paris France is 6 hours ahead of New York time, 5 PM Paris time would equate to 11 AM New York Time.
Thanks olddog; keeping my eyes peeled for your report as we wait for the ink to dry.
my3sons87: Good point! And maybe they did receive the money last Thursday or Friday and both companies attorneys will jointly notify the SDNY of the payment,
It could be that the lawyers were out for a long 4-day weekend on Friday, hence, they will update some time today.
We await to hear from olddog once he sees the filing.
Like the guy from California who paid his $212 speeding tickets in pennies, Oour money is on a slow boat from China which is loaded with barrels of Yen!
Let's hope for smooth seas so the boat doesn't sink. LOL
mickeybritt, if the money comes in, it WILL BE ACCOUNTABLE in either 1 of 2 ways:
1. It will be credited to the DEFERRED REVENUE LIABILITY ACCOUNT if all the conditions aren't met
2. It will be credited to INCOME if all conditions are met AND the amount in Deferred Revenue Liability will also be moved to income according to IDCC's revenue recognition guidelines
ddutta, you said what could be the possible reason(s) for the delay in announcing the 2Q 2016 guidance?
WELL, I gusee it's on a 'Slow Boat from China' LOL
mickeybritt, DON'T WORRY -- BE HAPPY ! ! !
Soon, after all the 'I's are dotted and the T's crossed, and everybody does their part as defined in the agreement and approved by the appropriate legal jurisdictions, this too shall pass~
Instead, you should worry whether the parties will meet their obligations as set forth and whether they will sign on the dotted line or appeal the rulings. And there ain't diddly sqatt about what you can do about it. It is what it is and that's that.
Instead, you should worry what you and your bride are going to do today, tonight, tomorrow, and the next day(s).
JMO
Hey Ranger --- FIFTY EIGHT O-REENO
An APPLE question for the ASM I would like to ask:
The APPLE License expired in June 2014 and has not been renewed.
1, Is InterDigital aggressively pursuing a new or an upgraded renewal with Apple for all its product lines or is APPLE saying that it uses other manufactures and therefore a license should be negotiated with the hardware manufacturer(s)
1. a. Is Apple participating in these negotiations or is it solely up to InterDigital to seek out and license these manufacturers?
1. b. Specifically, which manufacturers is InterDigital in discussions with on APPLE line of products.
2. Is there a timeframe in which InterDigital is working to secure a license before it pursues othr recourse?
While I am not a professional writer, I hope that these questions are clear and precise and we can get some meaningful and candid responses.
If anyone would like to suggest other wording, plaase advise as I intend to pose this subject matter at the ASM.
mickeybritt, 2 important dates are pending.
TODAY 5-27-2016 a payment is due from Huawei based on the arbitration results.
and as olddog posted :
With volume at 75,000 shares, looks like there are no sellers.
clamcakes, I don't play with options. I bought to hold, with sales in the past only when I needed cash to pay major expenditures.
I'm holding my ground right now, hoping that (as the Chicago Cubs fans say 'THIS IS THE YEAR'.
I would agree with you on the June 12th date as being the most critical.
I would also hope that IDCC had the balls to IMMEDIATELY file notification of non-performance in the event that payment is not received as agreed.
It is just too sad that the courts give them 2 months to decide what they want to do about the appeal. It's not like they haven't had discussions at the company level of what their intent is.
Just a clarification on wording definition " .... payment by May 27, 2016 (the “Consent Judgment Date”)..." which may mean by the end of the day May 26th. It could also mean by the end of the day May 27th, 2016.
I know it is 'splitting hairs', but it could mean the difference between knowing on Friday or Tuesday of next week whether payment has been received.
I hope it comes in todazy and a press release is issued Friday.
jmo