Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"I believe that the current assault on the stock price is the last attempt to pressure the BOD to sell IDCC at a cheap price."
So do I, ie: once NOK signs that pressure will be relieved.
Also all this talk about no future growth once the MEN are signed is nonsense as you have provided many posts about IDCC's strength in LTE and MIH and I hope you continue....thanks.
"What about 2010 and 2011 if it happens that the market is exploding? Where's the growth coming from and the share price during those long 24 months? Idcc can't participate on the constantly expanding market."
Obviously you do not think IDCC will do well in 4G!
If we all hang in there we will become the 7 figure club!
You guys have a lot of company!
"It has been fun watching idcc slip and slide on a semi positive market day"
What???
"a TXN partnership with a split of the proceeds"
"That is at the top of my wish list right after the Nokia settlement and ZTE license agreement"
I like the way you guys think! IMO that is more than just wishful thinking.
"That doesn't mean they are required to purchase anything let alone within any specific time frame"
That's true but I think in the past IDCC has always bought with a buyback announcement.
Recently I thought that a buyback would probably mean that IDCC was going to dump the SlimChip project, now I am not so sure. If they were planning to get rid of SlimChip why not announce that before the buyback so they could buy back at a lower price...JMO
"I think it will be an acquisition or partnership that will change everything"
IMO, if IDCC does not announce a share buyback, at this very low price, in the next few days, then they probably have plans to use their funds for the above.
Thanks for that clear and easily understood response...you have eased my concerns about SlimChip.
Ignore my subsequent post as you answered it here. Thanks.
"Furthermore, if circumstances arose subsequent to the fiscal 2008 year-end that would indicate that impairment was necessary (ie. a period between January 1, 2009 to March 2, 2009 earnings release date) IDCC would have been obligated to charge the impairment to fiscal 2008."
What is the basis for the above statement? Thanks.
If Apple sold about 7M phones in 3rd qtr, which should be reflected in IDCC 4th qtr, then at 1 buck per phone that would be > 10% of revenue. What am I missing here?
Can someone post the scheduled ID date for the NOK ITC case, thanks.
0.57 for '08 less 0.44 for 1st 3 qtrs '08 should give 0.13 eps for qtr 4.
My point is he should not be able to buy/sell no matter what recommendation he makes.
If he wants to sell for a profit, then he has to downgrade at least to a "neutral".....Talk about a conflict of interest; that is why analysts should not own stock in companies that they cover.
JD, I agree with everything you said but I cannot see NOK having to pay a higher rate (1%) than SAM, especially when you consider the volume discount and their TDD contract with IDCC. If SAM is paying $0.50 to $0.69 per phone, as per TC, then their rate is 0.50% to 0.69% assuming a $100 3G phone.
What has always bugged me is why QCOM can get much higher rates than IDCC for 3G when IDCC is so strong in WCDMA?
From TC report: "it appears that the blended 3G royalty rate that Nokia is paying Qualcomm is approximately 2%, or a little over $4 per phone at today’s average selling price per 3G handset. We believe InterDigital will receive between $0.35 to $0.50 per phone from Nokia once the firms finalize a 3G agreement."
Does IDCC deserve only 1/10th to 1/8th the rate that Q gets? I thought IDCC was particularly strong in WCDMA?
Mickey,
It is 134 million for 2009E and 216 million for 2006-2008; you cannot include GSM EDGE Mid-Tier for 3G.
Mickey,
First, these are not my estimates. I used the estimates provided by Eric in post: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28948605.
Also his estimates are only for 2006-2009.
See my post: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34729083, for a reformatting of Eric's estimates, eg:
SAM 2009 3G estimates are 134 million units. IMO it is reasonable to assume that 2010-2012 will increase from 2009, ie: 500 million 3G units for 2009-2012 at a minimum!
For those who think that the SAM deal will be $500 million or less think about the following.
Assume IDCC gets only 50 cents per 3G phone, which also most likely means that IDCC will
not give up any of the $200 million for 2G, and 3G estimates for Apr 2006 thru 2008 is 216 units
which comes to $108 million for 3G, and $308 million for both 2G & 3G thru 2008.
Also asume that SAM will sell 500 million 3G units from 2009 thru 2012 (note estimate for just 2009
is 134 million units); at 50 cents per unit that is another $250 million, which makes the deal
worth $558 million at only 50 cents per 3G phone!.
If you take the above very conservative numbers and the LG comparisons from Desert Dweller and the
CEO statements and charts from Mickey, then this deal must be worth much more than $500 million! IMO
Is that 4 business or calendar days?
If "everything else is done" and they wait to announce until after options expiration I will not be very happy, like many others!
Hang in there Mickey, not everyone on this board is against you.
First you said "you have to remember the settlement also resolves the 2g issue where we have a unanimous arbitration award and court verdicts confirming the award which will amount to $200 million when you add in the 2006 sales that were not in the original calculation. So when I stated a settlement of $500 million it takes this amount into account".
Later you said "$500 million is at the very low end of what we should be getting for 3g".
So is the $500 million for 3G only or both 2G & 3G?
Also, in an earlier post of mine (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34729083) I stated that the 3G estimates for SAM for 2006-2008 would be 216 million units. If you assume a buck per each of these 3G units, that means SAM could owe IDCC $416 million for 2G & 3G from Apr 2006 thru 2008.
So if we only get $500 million like you suggest, that means we would only get $84 million for all 3G uints for 2009-2012!
Could you please clarify?
My numbers were based on the following:
Notice the 3G estimates for SAM for 2006-2008: 216 million units!
Using these numbers, the total 3G units for both NOK & SAM for Apr 2006 (assume 75% 2006) to 2009E is 757 million units. At one buck per unit that's serious money.
Don't know what rate IDCC gets for GSM EDGE Mid-Tier? Is this 2.5G and was this included in NOK 2G settlement?
I'm specifically looking for the date NOK is next due before the ITC.
Can someone repost the "upcoming important dates" post, eg: next 6 months?
TIA
Does it matter if cap gains are short or long term?
I was speaking to a lawyer friend today and bragging about the SAM settlement when he asked "how do you know that IDCC did not cave in to SAM?", and other then BM's recent strong statements (which he described as maybe just posturing) I did not have a good answer. Can anyone help me out here?
"However, after the 8-K was issued, IDCC decided to reject Nokia offer as Merritt said in the May conference call."
If Nok offer was rejected doesn't that also require an 8K to nullify the "substantial progress" statement?
"Under the terms of the term sheet, Samsung has approximately 45 days to elect between two defined payment options, and the term sheet contemplates the parties will enter into agreements incorporating the terms of the term sheet. Subject to Samsung’s selection of a payment option and payment of the first installment of payments due in early 2009"
If the above is 45 calendar days then that would be on Jan 8, which coincides with the above "payments due in early 2009". This is good if you have Jan options.
Just got this message from Options Express:
While optionsXpress strives to allow our customers the most flexibility when trading on leverage, occasionally it becomes necessary to increase our requirements on equity positions to account for increased volatility, low market capitalization, low trading volume or other market factors.
This email is to notify you that the margin requirements on IDCC have been changed to:
Stock Requirement: 65%
Naked Option Requirement: 50%
Portfolio Margin Theoretical Range: 55%
"Under the terms of the term sheet, Samsung has approximately 45 days to elect between two defined payment options, and the term sheet contemplates the parties will enter into agreements incorporating the terms of the term sheet. Subject to Samsung’s selection of a payment option and payment of the first installment of payments due in early 2009"
If the above is 45 calendar days then that would be on Jan 8.
Most call options were up today which suggests a higher price in the future.
Some interesting December Call activity today!