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.
Miller, how about more than the typical 3 analysts.
Where is Merrill Stench, Goldman, BoA?
It is a gift and they are leaving it on the table.
I would hate to be short right about now!!!!!
They will be covering higher than they sold for sure the way we are shaping up in pre-market.
L2, I sure am happy with the 15%. I would have liked much more but I'll take it 1 license at a time. No need to have reservations on my motives. I would never risk losing the upside on this puppy with covered calls. Well maybe with a $80-$100 strike price.
I would call 15% to the upside moving the stock.
Miller, After seeing what wall street does to a company like SIRI stock price, $50 wouldn't surprise me in the least. LOL
Where is the coverage coming from next? If this isn't the catalyst for Wall Street - I don't know what it will take. Heartland Value should have a nice pop for tomorrow.
Great idea. And Royal Dutch/Shell, ChevronTexaco, BP, and everyone else is selling at such a deep discount you will really be making your point heard. Lets go buy gas from the other guy charging $3 and not the biggest company. The demand will stay the same regardless who you are buying from.
Last, I hear what you are saying but it all goes back to the same question, when is Nokia or Samsung going to sign? I can't stand to think that we don't get any coverage before then. This Nokia/Samsung crap can be prolonged for years. That is why Wall Street isn't playing, look at the opportunity cost lost holding IDCC for the last 3 years. Your chart showed it clear as day. In the meantime BoA has had their money elseware. Wall Street hasn't come to play because there is nothing concrete for them to take the plunge. We obviously need more than 3 years of 95 million to take any notice. Hell, the stock price makes it look like LG never happened. I'm not so sure Wall Street is even playing with the same ball, let alone give it back.
All that is well and good but without licenses, the billion phones don't mean diddly to IDCC. Business plan includes years and years of legal costs, kicking, scratching and throw in binding arbitrations that don't need to be honored and what do you have? You have BS independent research reports that sink the stock 10% overnight - no coverage by a big house that would trump all our current analyst coverage together, and no end in site with every aspect of the business. How far off is the Supreme Court pertaining to Nokia? Can LG keep us going for another 12 months?
I think it is about time the licensing department does what they are paid to do and deliver a new license. They can't be content with just LG at this point. I realize Merritt's whole wait for the right deal but at some point they need to flex their muscles and force the situation. I don't want to be listening to the next conference call with no new company/revenues to discuss. It is no wonder why wall street gives the stock no respect. They have played this thing perfect and yet I continue to say to myself "you are ahead of the curve, and wall street doesn't get it." The future is a fog and I am beginning to think that wall street had this figured out years ago. From the never ending lawsuits/arbitrations/appeals, I was a fool to think we would be on easy street by 2005. Just goes to show why the individual investor is usually on the wrong side of the fence and the institutions run the show. Come on IDCC, lets get one back for the small guys for a change!
You guys need a new broker. LOL
Interesting way of compensating a CEO based on goals. CorpBuyer might like this philosophy.
Sovereign sets equity incentive scheme for CEO
6:31 p.m. 03/21/2006 Provided by
By Mark McSherry
NEW YORK, March 21 (Reuters) - Sovereign Bancorp Inc. (SOV) said on Tuesday it established a new long-term equity incentive award for its chief executive Jay Sidhu that could be worth several million dollars if prescribed targets are met.
Sovereign said if performance criteria are achieved within a five-year period, Sidhu will receive a cash payment equal to the value of 150,000 Sovereign shares at a determined date.
The No. 3 U.S. savings and loan said in a regulatory filing its compensation committee established on March 15 the performance goals for Sidhu for the period of Jan. 1, 2006, through Dec. 31, 2010, and awarded Sidhu 150,000 "performance units."
The committee determined the award will vest only if, during the five-year term, Sovereign's operating/cash earnings per share equal or exceed $2.84 in a fiscal year or Sovereign stock closes at or above $40 for 20 consecutive trading days.
Sovereign shares closed down 34 cents at $21.89 on Tuesday.
Sovereign said the performance units will not vest unless Sovereign Bank is "well capitalized" and has a Tier 1 leverage ratio of 6 percent or higher on the date that the earnings per share criteria or the trading price criteria is achieved.
If the performance criteria are not achieved by December 31, 2010, the award will be forfeited.
Ellix, in your opinion couldn't Heartland Value do an internal sale to the Heartland Value Plus or Heartland Select Value Fund and keep all of the shares in house, therefore diversifying the risk to the fund and keeping out of the public market.
My3, at the very least that would throw a big wrench in the Corp Buyer discussion.
E500, just want to make sure you know it is 100 million in dollars, not shares.
I like the fact that if they complete the buyback say all at $27, that takes 3.7 million shares out of the publics hands.
Any opinion as to what would have happened this morning if those 3.7 million shares had already been tied up and not available for sale?
I pray it isn't l;ike the Nok arb award. That took a few years off my life.
Greed or no greed, the waiting is extremely painful.
Here is hoping for some news tonight or tommorow to give UB something to talk about on the CC. Boy a new license sure would be nice to hear in detail to start off the day Thursday.
Rmarchma, you would have to be crazy to be short this stock, or have real deep pockets when the margin calls kick in. I wonder if Merrill still has their short position. Would love to see them cover over $50+! The way I see it, the reward can't be worth the risk.
Since you have a core holding it all makes sense.
Thanks
Dmiller, why do you try to trade this stock with so many catalysts right around the corner? Do you not feel that the upside far outweighs the risk of trading for a few cents?
Just wondering your reasoning.
Maybe Nokia is next!
260,000 shares is reassuring,
Volume very small - lets not get too crazy.
Anyone, does this appeal make its way to Judge Pauley's desk?
I would love to see his reaction.
It is what it is, no error!
$18,990,000
Heartland Value up 1.95% yesterday thanks to IDCC.
My3, nice analogy!
I never commented that jobs weren't leaving the country. One needs to adapt to different paying jobs. I don't see thousands of people laying railroad tracks anymore. Did those guys just go fishing or did they find different work?
Thanks Corp
Nic, bike your ass to Boston and buy a car here so you can fill up for $2.05 regular.
Corp, when you state that they can move quickly to bring them back to court, what is the time frame for the court to address the issue? Does it go to the bottom of the pile or is it something that can be viewed rather quickly to verify contempt?
Lotto, I guess we need to assume that the people from the plant closings never go back to work, anywhere!
Red, if this were the case then wouldn't every case makes its way to the Supreme Court just to get denied a hearing?
I don't see why a line of credit has anything to do with the drop in price.
It is always easy to get the line of credit when you don't need it. The hard part is getting the credit when you need to use it to cover short term cash flow problems. Glad we aren't in the latter.
I guess if you look at Frank's report dated 11/4/05, yesterdays news wouldn't have an impact on his rating since he assumed it would playout this way. Samsung news won't impress him either if it isn't for 3G. We will know we hit it big when Frank gives an upgrade.
There goes our first block.