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When you purchase an iPhone from the apple store, who will turn on the phone?
Update: AT&T’s iPhone plan
In the comments section of this very blog (and in a follow-up conversation with me), Mac radio host Shawn King reports that AT&T’s monthly unlimited data plan for the iPhone will be $20. AT&T’s current “SmartPhone Unlimited” plan is — you guessed it — $20.
Meanwhile, “Boy Genius Report” says that according to a “pretty high up source” the “iPlan” will “be around $34.99-$44.99.”
Put them both together and it sounds like we’re talking about $55-65 a month for your iPhone service. Not dirt cheap, but not at all out of line with what people are paying for existing data phone plans.
Thanks to Shawn King for weighing in repeatedly on this one — you can read more in the comments.
8 comments | Permalink | Category: AT&T
Update: AT&T’s iPhone plan
In the comments section of this very blog (and in a follow-up conversation with me), Mac radio host Shawn King reports that AT&T’s monthly unlimited data plan for the iPhone will be $20. AT&T’s current “SmartPhone Unlimited” plan is — you guessed it — $20.
Meanwhile, “Boy Genius Report” says that according to a “pretty high up source” the “iPlan” will “be around $34.99-$44.99.”
Put them both together and it sounds like we’re talking about $55-65 a month for your iPhone service. Not dirt cheap, but not at all out of line with what people are paying for existing data phone plans.
Thanks to Shawn King for weighing in repeatedly on this one — you can read more in the comments.
8 comments | Permalink | Category: AT&T
You think????????????????
Michael Cohen, CMA, CFM
Director of Research
Before joining Pacific American Securities, Michael was a financial analyst and co-fund manager of the Alpha Analytics Digital Future Fund (ADFFX). The Alpha Analytics Digital Future Fund was established in December 1999. Michael participated in the fund's design and planning and was responsible for analyzing the technology sector as well as initially reviewing and selecting all the stocks for the Fund. He earned his MBA with a concentration in finance from the California State University, Northridge in 1997 and received a Bachelor of Arts degree in Economics (cum laude) from California State University, Northridge in 1988. The Institute of Management Accountants (IMA) has awarded him the Certified Management Accountant (CMA) and the Certified in Financial Management (CFM) designations. Michael is on the Board of Directors and Executive Committee of the IMA, as well as Chairman of the Committee on Information Technology. Michael holds series 7 and 63 securities licenses and is currently a Level-II candidate in the CFA Study and Examination Program.
Michael is a featured technology investment expert in a variety of different media. He has made numerous television appearances on Bloomberg, CNBC, CNNfn, and Reuters TV. His comments frequently appear in stories on major financial wire services and newspapers across the country.
idc rated new buy at pacific american securities
By: teecee in IDCC | Recommend this post (1)
Tue, 19 Jun 07 2:42 PM
analyst michael cohen...no target as yet
Jim does not have to speak to me.
You have a history on this board.
:)
After Hours Trade Reporting Monday March 05
After Hours
Last: $ 31.86 After Hours
High: $ 32.502
After Hours
Volume: 5,063 After Hours
Low: $ 31.08
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
17:12 $ 31.974 1,625
17:12 $ 31.86 300
17:11 $ 32.502 510
17:09 $ 32.15 500
17:07 $ 32 141
17:06 $ 32.468 100
16:43 $ 31.08 780
16:12 $ 31.16 208
16:02 $ 31.16 281
16:02 $ 31.16 300
16:02 $ 31.16 218
16:01 $ 31.10 100
1
D.D. I think he got his information from Etrade.
2.813/02/07JAYWALK CONSENSUS
21Independent Research Providers Covering
IDCCInterdigital Communications Corp
Important Information The information contained herein is for informational purposes only and is not intended to provide tax, legal or investment advice. This information is compiled
directly from (1) the research providers’ recommendations on the equity securities displayed and (2) CoreData, a third-party financial data vendor and is based on information sources believed to
be accurate and reliable. Such information, however, is presented without warranty of any kind. Past performance should not be taken as an indication of future performance, and no
representation of any kind is made as to future performance. BNY Jaywalk and CoreData are not soliciting any action based upon such information, or endorsing any recommendation or opinion
expressed by the Jaywalk Consensus and the research providers. Accordingly, neither BNY Jaywalk and any of its affiliates, nor CoreData, guarantee the timeliness, accuracy, completeness,
sequence, or adequacy of the information. You agree that any and all use you make of the information is solely at your own risk and without recourse to BNY Jaywalk, any of its affiliates,
CoreData, or any independent research provider.
Copyright ©2007 BNY Jaywalk. All Rights Reserved.
ABOUT THE JAYWALK CONSENSUS
The Jaywalk Consensus is an average of all of the independent research providers’ ratings on
the given security. By averaging these ratings, investors are given insight into the independent
research community’s perspective on individual securities. The research providers who
participate in the Jaywalk Consensus are professional firms that attest to having no investment
banking or other potential conflicts that might impact the integrity of their research.
CURRENT JAYWALK CONSENSUS
on 3/02/07
Thu Mar 1 10:55:29 2007 IDCC has been reiterated as a market outperform by Boenning & Scattergood at 43.0.
no link.
US Futures & Markets Indicators
Mar 2007 Change Level Last Update†
S&P 500 -8.90 1400.00 3/1 7:43am
Fair Value 1408.73 2/28 7:07pm
Difference* -8.73
NASDAQ -10.00 1755.50 3/1 7:43am
Fair Value 1765.23 2/28 7:07pm
Difference* -9.73
Dow Jones -74.00 12200.00 3/1 7:42am
DJIA Contracts
Jeffrey- Posted by: JimLur
In reply to: None Date:2/27/2007 8:48:10 AM
Post #of 178917
To All, Frank Marsala called me this AM and informed me he has made a career change and will now be working for Gartner Research as the head of their Telecom branch. He said Santosh Rao who worked with him on the IDCC reports has been promoted by First Albany to the position Frank left.
I will contact Santosh and discuss him sending me his reports.
IDCC is still one of Franks favorite stocks but I wouldn't look for any comments by him out of Gartner on IDCC until he gets a chance to absorb all the new data Gartner will supply him RE handset sales etc.
Good luck to Frank as well as Santosh.
Iran, Syria invited to Iraq ‘neighbors meeting’
Announcement by Rice reveals shift in U.S. approach to regional talks
Updated: 2:29 p.m. CT Feb 27, 2007
WASHINGTON - The United States and the Iraqi government are launching a new diplomatic initiative to invite Iran and Syria to a “neighbors meeting” on stabilizing Iraq, Secretary of State Condoleezza Rice said Tuesday.
“We hope that all governments seize this opportunity to improve their relations with Iraq and to work for peace and stability in the region,” Rice said in remarks prepared for delivery to a Senate committee. Excerpts were released in advance by the State Department.
The move reflects a change of approach by the Bush administration, which previously had resisted calls by members of Congress and by a bipartisan Iraq review group to include Iran and Syria in diplomatic talks on stabilizing Iraq.
“I am pleased to announce that we are also supporting the Iraqis in a new diplomatic offensive: to build greater support, both within the region and beyond, for peace and prosperity in Iraq,” Rice said, adding that U.S. and Iraqi officials agree that success in Iraq “requires the positive support of Iraq’s neighbors.”
Iran faces growing pressure
The announcement came even as the United States is engaged in its latest confrontation with Iran over its nuclear program, which U.S. officials say is aimed at developing nuclear weapons but Tehran says is for new sources of energy.
A U.N. Security Council deadline for Tehran to suspend uranium enrichment has just expired, and in response the U.S. wants the council to expand the limited sanctions the world body has imposed on Iran.
Rice stressed that it was the Iraqi government inviting Iran and Syria to participate, with the United States in support.
U.S. expects neighbors to play a ‘constructive role’
At the White House, press secretary Tony Snow told reporters the administration is “happy that the government of Iraq is taking this step and engaging its neighbors. And we also hope and expect that Iran and Syria will play constructive roles in those talks.”
But Snow cautioned people to be patient, noting that “this is one where the agenda is being set up by the government of Iraq. And the conditions, especially for bilateral conversations with the Iranians, are pretty clear.”
The administration in recent weeks had increased its public criticism of Iran’s role in Iraq, charging it with supplying deadly weapons, including advanced technologies for the most lethal form of roadside bombs. The administration also has accused Syria of harboring anti-Iraqi government forces and allowing weapons to cross its border.
Rice and Defense Secretary Robert Gates were testifying Tuesday before the Senate Appropriations Committee on the administration’s budget request for the wars in Iraq and Afghanistan.
Waiting for RSVPs
The Iraqi government announced in Baghdad that it is preparing the meeting for mid-March, and that invitees include members of the Arab League and the five permanent members of the U.N. Security Council.
Syria will be represented at the conference by Ahmed Arnous, an aide to the foreign minister, an Iraqi Foreign Ministry official said, speaking on condition of anonymity because the plans had not yet been formally announced. Other Arab countries and Iran have not confirmed their attendance or the level of delegates they would send.
Rice said the mid-March meeting will be held at the sub-ministerial level. That is to be followed, perhaps as early as the first half of April, by a full ministerial-level meeting with the same invited countries, plus members of the G-8 group of leading industrial powers.
“I would note that the Iraqi government has invited Syria and Iran to attend both of these regional meetings,” Rice said. She also noted that the Iraq Study Group, headed by former Secretary of State James Baker and former Rep. Lee Hamilton, had recommended inviting Iran and Syria to such a neighbors meeting. At the time of that recommendation in December, President Bush rejected that diplomatic approach.
© 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
DD, If it gets out of hand, I will delete with both hands. :)
lets count to ten....before it gets out of hand.
Pogue offers answers to some burning iPhone questions
By Slash Lane
Published: 12:05 AM EST
New York Times technology columnist David Pogue this weekend delivered some additional details on Apple's new iPhone features, including dialing, synchronization, and web browsing.
Answering questions from curious readers, Pogue, who had some one-on-one time with the iPhone during Macworld, clarified some of its abilities while eliminating glaring misconceptions about others.
Notably, the journalist pointed out that the mobile edition of Safari, once thought to be stripped of many of the media plugins necessary for more advanced websites, will likely be full featured. He cited an interview with Apple chief executive Steve Jobs conducted by the German magazine MacWelt that raises the possibility of JavaScript and Flash support, suggesting the Apple-made handset may either directly support Flash or else receive easy conversion of Flash videos into external formats.
"YouTube -- of course. But you don't need Flash to show YouTube," Jobs said. "We could get [YouTube] to up their video resolution... by using H.264 instead of the old codec."
Pogue also noted that the iPhone's now-legendary "pinch" control for zooming photos will also apply to e-mail and web browsing, offering a complete view of a page or magnifying text for those with poor eyesight. "I could zoom in and out on an entire e-mail message: embedded photo, text, and all," he wrote.
However, the New York Times editor was quick to downplay some supposed features of the device, stating bluntly that the iPhone as shown at Macworld does not support speed dialing, live GPS positioning through its Google Maps tool, or wireless synchronization with a host computer through either Bluetooth or Wi-Fi.
Pogue nevertheless defends Apple, saying that he "could not agree more" with a reader who observed that Apple was not likely to let the iPhone's capabilities remain static in the run-up to its June launch.
Read below for a complete list of more definite information revealed in Pogue's article:
JavaScript is "built into the phone," according to Jobs, but a full Java engine would only be a "heavyweight ball and chain" no one uses.
Jobs on the subject of Flash: "you might see that."
The company has not decided on whether or not a user's existing music library can be used for ringtones.
Mac OS X on the iPhone is stripped down. The interface has been redesigned for the phone as well.
The Calendar tool will allow new events and schedules to be added from the phone itself, rather than requiring a sync.
The settings menu is functional and includes an airplane mode (which disables the cellular radio while maintaining other features such as music).
The pinch motion works with both e-mail and web browsing, controlling zoom.
No speed dial links exist at present, but may change by the official launch.
As demonstrated, the phone has no GPS integration and cannot pinpoint its owner's location in Google Maps.
The display surface is polycarbonate plastic, but is "substantially improved" over the material used for iPods and should resist easy scratching. Brightness is very high.
Input on the screen must be made using direct finger contact, and does not work with gloves or a stylus.
Any set of earphones with a standard headphone plug will work without adapters.
The company plans to add 3G wireless (in the form of HSDPA) to the iPhone once access is more widespread.
Apple may allow rotating the phone for entering text in a more comfortable landscape mode, but has not committed to the feature yet.
iPhone might have 3G switched on via upgrade? Probably not....
Posted Jan 12th 2007 4:09AM by Peter Rojas
Filed under: Cellphones, CES
Believe us, by this point we're all feeling a little weary of all the mega-intense iPhone news/drama/speculation that's been going around these past few days, but we couldn't help but remark on John Markoff's comment in the New York Times yesterday that Apple could possibly add 3G to the iPhone via a software update. It's not unheard of for a firmware upgrade to unlock new features or functionality in a device, but the sources we've spoken to have made it pretty clear that Apple hasn't wedged a UMTS or HSDPA radio into this thing. Not that we wouldn't mind this being true. We're pretty bummed that the iPhone doesn't have HSDPA -- once you taste 3G, it's hard to go back to anything slower -- but it's semi-understandable that they'd want to use an EDGE radio that'd cost less and be less power hungry. Or at least that seems to be the prevailing theory, Jobsy hasn't exactly come out and said why a high-end handset that's due out in mid-2007 will be a generation behind in its wireless connectivity.
InterDigital Dives, Revives
Mr. Market's hissy fit seems over.
THE MOTLEY FOOL
By Rich Smith
Updated: 11:58 a.m. CT Dec 11, 2006
Hey, buddy, have you heard the one about the efficient market theory? Yeah, it seems that the stock market instantly absorbs all news, and reacts immediately to find the appropriate stock price for the companies the news affects. Har!
To proponents of the efficient market theory, I proffer as rebuttal evidence the example of Motley Fool Stock Advisor selection InterDigitalCommunications(Nasdaq: IDCC), a little Pennsylvanian IP shop that helps make your cellphones go "ring." On Tuesday after close of trading, the company released its revenue guidance for the fourth quarter. On Wednesday, when the market reopened, the stock fell 7%. On Thursday it got nearly half that loss back; and Friday, rose yet again. Now tell me: Which of those prices, on which of those days, was the "appropriate" one in response to the news?
Guidance delayed is guidance denied?
In its third-quarter earnings release last month, management declined to give precise revenue guidance, promising instead to provide this "following the receipt and review of applicable royalty reports." Lacking a company-provided cheatsheet, Wall Street just guessed: $105.6 million. So imagine the shock when InterDigital finally confirmed last week that it thinks the real number will be closer to $63 million (with the possibility of additional revenues from "new agreements that may be signed during the quarter, or additional royalties").
Note that caveat, by the way, because it's important. Commenting on our Stock Advisor discussion boards, Fool member idccjoe advised that: "The nature of [InterDigital's] income from IP means that there will be quarterly variances which will result in these spikes, both up and down. IDCC's performance must be measured over years, not quarters."
"New agreements" and "additional royalties," if they appear this quarter, would yield a revenue spike up. If they don't, then a spike down. In contrast to those spikes, my Foolish colleague Thomas Engle (TMF1000) chooses to focus on the firm's recurring revenues from royalties paid by existing licensees. In another comment on our boards, he points out that "patent license royalties from existing licenses will come in between $48 million and $48.5 million. Last year, the fourth quarter produced only $36.2 million in recurring royalty revenue. Even if they come in at the low end of guidance the company will have grown this important source of revenue over 32%. So, they are starting to accumulate a reliable source of revenue."
So really, depending on how you choose to look at the company -- one with lumpy revenues or one with a growing, recurring business underlying those lumps -- last week's announcement qualifies at worst as "no news," and at best as "good news." The only wrong way to look at this, it seems to me, is the view Wall Street is taking: that failure to hit an arbitrary number dreamed up by analysts, and unendorsed by the company, is a bad thing.
Interested in more Stock Advisor recommendations? Start here.
Fool contributor Rich Smith does not own shares of any company named above.
http://www.msnbc.msn.com/id/16155303/
OT:GAB-Apple gains control of critical digital download patent
By Kasper Jade
Published: 03:25 PM EST
A recent out-of-court settlement between Apple Computer and a Vermont-based inventor has landed Apple the rights to a prestigious software design patent that may allow the company to seek royalties on a broad spectrum of digital downloads.
Michael Starkweather, a lawyer and author of the 10-year old patent, issued a statement on Thursday calling it a "billion dollar patent" that will have affects on the future of the "cell phone, iPod and PDA" industries.
"I believe that, with this patent in hand, Apple will eventually be after every phone company, film maker, computer maker and video producer to pay royalties on every download of not just music but also movies and videos," he said.
Starkweather, who wrote the patent in 1996 for David Contois of Essex Junction, Vt.-based Contois Music Technology, said the inventor originally didn't show interest in patenting the idea nor did he understand its value.
The initial concept consisted of a desktop computer holding multiple songs with an interface that allowed a hotel guest to select three songs and play them on an electric grand piano.
Realizing that downloading movies was an obvious variation to downloading music, Starkweather broke the patent into three elements; remote music storage, selection of music to download and playing music on a music device.
"Sometimes it's easy to break an invention down to its key components," he said. "That's why patent writing is an art, not a science, and requires creativity."
In June of 2005, Contois asked a Vermont District Court to issue a preliminary and permanent injunction barring Apple from further distributing its iTunes software. In a 10-page complaint, which was first reported on AppleInsider, lawyers charged the Cupertino, Calif.-based iPod maker with "copying" and "willfully infringing" on Contois design patent in developing the digital jukebox software.
The suit stated that Contois conceived and developed a computer interface for playing music on an internal or external computer-responsive music device, which he then exhibited at the 1995 COMDEX trade show and the 1996 NAMM music industry trade show.
According to the filing, people who were at the time employed by or later became employed by Apple were present at both trade shows and viewed Contois' software. The suit alleged Apple later "copied" the invention and used the design ideas in the interface for iTunes.
Specifically, the filing documented 19 interface aspects of the Apple software that it claimed were in direct violation of Contois' patent. The areas included iTunes' menu selection process to allow the user to select music to be played, the ability of the software to transfer music tracks to a portable music player, and search capabilities such as sorting music tracks by their genre, artist and album attributes.
Following a 15-hour negotiating this September, Contois and Apple ended their dispute by reaching an out-of-court settlement. The terms of the deal were not disclosed.
Apple working on second, iChat-based cell phone
By Katie Marsal
Published: 10:00 AM EST
Apple Computer, which recently released its first mobile handset to manufacturing, is working on a second model that will incorporate messaging capabilities, according to one Wall Street analyst.
"From our understanding, it will leverage off existing iChat software that runs on Macs," American Technology Research analyst Shaw Wu told clients on Monday. "We believe it will focus initially on mobile IM as opposed to e-mail."
Wu said it's unclear when Apple hopes to deliver the second device to market, as it appears to remain in the development phase. He said this newly uncovered handset is likely the company's 'smart phone' and could be branded as "iChat mobile."
"We remain uncertain on the exact timing for iPhone, Apple's first in-house iTunes cell phone with a nano-like candy bar form factor we first mentioned in early September," he said. "We believe its 'go-to-market' strategy continues to be the gating factor (MVNO vs. traditional carrier or both)."
On the other hand, Wu said it's his belief that Apple is fast approaching a resolution to its market strategy and the he remains high that the company's first cell phone will be released in 2007.
Meanwhile, the analyst said his sources are also indicating that Apple's new (PRODUCT) RED iPod nanos are selling well.
"These iPods are sold through Apple direct channels, have a unique red color, and are for a charitable cause where Apple donates $10 for each sold to AIDS research," he told clients.
Wu is currently modeling Apple to sell 14 million iPods for the December quarter, but given recent momentum in RED iPods, believes his forecast is likely to turn out conservative.
The analyst maintains a 'Buy' rating on shares of Apple with a price target of $92.
WASHINGTON — An explosive new book, now just days away from store shelves, is tonight making news before arriving on the market.
"State of Denial" is the work of journalist Bob Woodward, and according to advance publicity materials released to the media, it alleges that attacks by insurgents in Iraq are worse than Americans have been led to believe.
Story continues below ?
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It's no secret that the Bush administration has tried to put the best face on the war in Iraq, but Woodward claims it's a deliberate attempt to deceive the American people about the worsening state of the war.
Woodward claims President Bush and the Pentagon are concealing key intelligence that predicts the violence in Iraq will only get worse in the coming year.
Woodward also tells CBS' '60 Minutes:' "It's getting to the point now where there are 800-900 attacks a week. That's more than 100 a day. That is four an hour attacking our forces."
U.S. military officials have stated publicly that the level of violence in Iraq is on the rise, and confirm the number of attacks in Iraq is about 120 per day — nearly 900 per week — but that also includes attacks against Iraqi security forces and civilians, not only U.S. forces.
In fact, the Pentagon's quarterly report on violence in Iraq publicly released last month shows nearly 800 attacks per week from May to August 2006 against all targets.
But in his interview with '60 Minutes,' Woodward says: "Now there's public and then there's private. But what did they do with the private? They stamp it secret. No one is supposed to know. Why is that secret?"
Woodward also reveals that President Nixon's Secretary of State Henry Kissinger often meets with President Bush, advising him to stay the course in Iraq.
According to Woodward, "Kissinger's fighting the Vietnam War again, because in his view the problem in Vietnam was we lost our will."
Thursday night, Pentagon and military officials dispute Woodward's figures on attacks against Americans, and strongly deny any attempt to hide the truth.
© 2006 MSNBC Interactive
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FEMA was in New York
the Night Before 9/11
http://www.whatreallyhappened.com/fematape.html
2 U.S. Reports Seek to Counter Conspiracy Theories About 9/11
Joe Tabacca for The New York Times
Marchers were among the 500 conspiracy theorists at a two-day Chicago convention in early June calling for what they considered “9/11 truth.”
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By JIM DWYER
Published: September 2, 2006
Faced with an angry minority of people who believe the Sept. 11 attacks were part of a shadowy and sprawling plot run by Americans, separate reports were published this week by the State Department and a federal science agency insisting that the catastrophes were caused by hijackers who used commercial airliners as weapons.
The official narrative of the attacks has been attacked as little more than a cover story by an assortment of radio hosts, academics, amateur filmmakers and others who have spread their arguments on the Internet and cable television in America and abroad. As a motive, they suggest that the Bush administration wanted to use the attacks to justify military action in the Middle East.
Most elaborately, they propose that the collapse of the World Trade Center was actually caused by explosive charges secretly planted in the buildings, rather than by the destructive force of the airliners that thundered into the towers and set them ablaze.
The government reports and officials say the demolition argument is utterly implausible on a number of grounds. Indeed, few proponents of the explosives theory are willing to venture explanations of how daunting logistical problems would be overcome, such as planting thousands of pounds of explosives in busy office towers.
Nevertheless, federal officials say they moved to affirm the conventional history of the day because of the persistence of what they call “alternative theories.” On Wednesday, the National Institute of Standards and Technology issued a seven-page study based on its earlier 10,000-page report on how and why the trade center collapsed. The full report, released a year ago, and the new study, in a question and answer format, are available online at http://wtc.nist.gov.
About a dozen researchers produced the new study over the last two months by assembling material from the longer report that addressed the conspiracy claims.
“With the fifth anniversary coming up, there seemed to be more play for the alternative viewpoints,” said Michael E. Newman, a spokesman for the institute. “We have received e-mails and phone calls asking us to respond to these theories, and we felt that this fact sheet was the best means of doing so.”
A nationwide poll taken earlier this summer by the Scripps Survey Research Center at Ohio University found that more than a third of those surveyed said the federal government either took part in the attacks or allowed them to happen. And 16 percent said the destruction of the trade center was aided by explosives hidden in the buildings. The survey questioned 1,010 adults by telephone and had a margin of sampling error of plus or minus four percentage points. Details are available at http://newspolls.org.
The demolition theory has managed to endure what would seem to be enormous obstacles to its practicality. Controlled demolition is done from the bottom of buildings, not the top, to take advantage of gravity, and there is little dispute that the collapse of the two towers began high in the towers, in the areas where the airplanes struck.
Moreover, a demolition project would have required the tower walls to be opened on dozens of floors, followed by the insertion of thousands of pounds of explosives, fuses and ignition mechanisms, all sneaked past the security stations, inside hundreds of feet of walls on all four faces of both buildings. Then the walls presumably would have been closed up.
All this would have had to take place without attracting the notice of any of the thousands of tenants and workers in either building; no witness has ever reported such activity. Then on the morning of Sept. 11, the demolition explosives would have had to withstand the impacts of the airplanes, since the collapse did not begin for 57 minutes in one tower, and 102 minutes in the other.
Those who believe in the demolition theory remain unpersuaded by government statements new or old, and the officials who issued the would-be rejoinders say they are not surprised. “We realize that this fact sheet won’t convince those who hold to the alternative theories that our findings are sound,” Mr. Newman said. “In fact, the fact sheet was never intended for them. It is for the masses who have seen or heard the alternative theory claims and want balance.”
Mr. Newman was correct that the institute’s reports would not convert those who favor the demolition theories, said Kevin Ryan, who is the coeditor of an online publication, www.journalof911studies.com, that has published much of the material arguing that the government’s accounts are false.
“The list of answers NIST has provided is generating more questions, and more skepticism, than ever before,” Mr. Ryan said.
Mr. Newman said, “NIST respects the opinions of others who do not agree with the findings in its report on the collapses of WTC1 and WTC2.”
The State Department report, which officials said was written independently of the new institute study, is titled, “The Top Sept. 11 Conspiracy Theories” and says, “Numerous unfounded conspiracy theories about the Sept. 11 attacks continue to circulate, especially on the Internet.” Produced by an arm of the State Department known as a “counter-misinformation team,” the report is dated Aug. 28 and appears as a special feature on the department’s Web site, at http://usinfo.state.gov/media/misinformation.html.
The report brought to light one little-known detail about the morning: a private demolition monitoring firm, Protec Documentation Services, had seismographs at several construction sites in Lower Manhattan and Brooklyn.
Those machines documented the tremors of the falling towers, but captured no ground vibrations before the collapses from demolition charges or bombs, according to a separate report by Brent Blanchard, the director of field operations for Protec. It is available online at www.implosionworld.com.
Asked for comment, Mr. Ryan said that his online 9/11 journal would soon publish an article on those seismic recordings. He also maintained that the Protec paper did not adequately address why puffs of smoke were seen being expelled from some of the floors. However, the federal investigators said that about 70 percent of a building’s volume consists of air, and what looked like puffs of smoke were jets of air — and dust — that were pushed ahead of the collapse.
Among those now propelling the argument that explosives took down the trade center is Steven E. Jones, a physics professor at Brigham Young University, coeditor with Mr. Ryan of www.journalof911studies.com, which published his paper, “Why Indeed Did the World Trade Center Buildings Completely Collapse on 9-11-2001?”
In an e-mail message yesterday, Professor Jones did not explain how so much explosive could have been positioned in the two buildings without drawing attention. “Others are researching the maintenance activity in the buildings in the weeks prior to 9/11/2001,” he wrote.
He said his investigation was finding fluorine and zinc in metal debris and dust gathered from near the trade center site, and argued that those elements should not have been found in the building compounds. “We are investigating the possibility of thermite-based arson and demolition,” he wrote, referring to compounds that, under controlled circumstances, can cut through steel.
The federal investigators at the National Institute of Standards and Technology state that enormous quantities of thermite would have to be applied to the structural columns to damage them. Not so, said Professor Jones; he said he and others were investigating “superthermite.”
Professor Jones also argues that the molten steel found in the rubble was evidence of demolition explosives because an ordinary airplane fire would not generate enough heat. He cited photographs of construction equipment removing debris that appeared to be red.
In rebuttal, Mr. Blanchard of Protec said that if there had been any molten steel in the rubble, it would have permanently damaged any excavation equipment encountering it. “As a fundamental point, if an excavator or grapple ever dug into a pile of molten steel heated to excess of 2000 degrees Fahrenheit, it would completely lose its ability to function,” Mr. Blanchard wrote. “At a minimum, the hydraulics would immediately fail and its moving parts would bond together or seize up.”
Ams, It's me that's removing your insults not Jim...just go away.
Form 4CAMPAGNA HARRY G - IDCCFiled: June 30, 2006 (period: June 29, 2006)Statement of changes in beneficial ownership of securities
FORM 4 ¨ Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVALOMB Number: 3235-0287Expires: January 31, 2008Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person * CAMPAGNA HARRY G 2. Issuer Name and Ticker or Trading Symbol INTERDIGITAL COMMUNICATIONS CORP (IDCC) 5. Relationship of Reporting Person(s) to Issuer(Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give _____ Other (specify title below) below)
(Last) (First) (Middle) 781 THIRD AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 06/29/2006
(Street) KING OF PRUSSIA, PA 19406-1409 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Join/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3) 2. Transaction Date (Month / Day / Year) 2A. Deemed Execution Date, if any (Month / Day / Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/29/2006 S 16,000 (1) D $ 33.948 196,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month / Day / Year) 3A. Deemed Execution Date, if any (Month / Day / Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (Month / Day / Year) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (Right-to-Buy) $ 7.75 06/29/2006 M 16,000 (2) 06/30/2006 Common Stock 16,000 (3) 0 D
Explanation of Responses:
1. The sales of Common Stock reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 31, 2006.
2. A grant of 16,000 options which vested in full on July 1, 1996.
3. Granted pursuant to the InterDigital Communications Corporation 1995 Stock Option Plan for Employees and Outside Directors.
Rebecca Bridgeford Opher, Attorney-In-Fact for Harry G. Campagna 06/30/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
_______________________________________________
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Form 4INTERDIGITAL COMMUNICATIONS CORP - IDCCFiled: June 30, 2006 (period: June 29, 2006)Statement of changes in beneficial ownership of securities
FORM 4 ¨ Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVALOMB Number: 3235-0287Expires: January 31, 2008Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person * Bernstein Bruce G 2. Issuer Name and Ticker or Trading Symbol INTERDIGITAL COMMUNICATIONS CORP (IDCC) 5. Relationship of Reporting Person(s) to Issuer(Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give _____ Other (specify title below) below) General Patent Counsel /
(Last) (First) (Middle) 781 THIRD AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 06/29/2006
(Street) KING OF PRUSSIA, PA 19406-1409 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Join/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3) 2. Transaction Date (Month / Day / Year) 2A. Deemed Execution Date, if any (Month / Day / Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/29/2006 S 6,666 (1) D $ 34.0773 10,871 D
Common Stock 497 (2) I By 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month / Day / Year) 3A. Deemed Execution Date, if any (Month / Day / Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (Month / Day / Year) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (Right-to-Buy) $ 17.59 06/29/2006 M 6,666 (3) 06/20/2015 Common Stock 6,666 (4) 13,334 D
Explanation of Responses:
1. The sales of Common Stock reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 31, 2006.
2. As of the most recently published account statement dated June 16, 2006, the Reporting Person beneficially owned 497 shares of Common Stock pursuant to the InterDigital Communications Corporation Savings and Protection Plan.
3. A grant of 20,000 options which vested as follows: 3,333 on each of 06/30/05 and 12/31/05; and 13,334 on 12/22/05.
4. Granted pursuant to the InterDigital Communications Corporation 2000 Stock Award and Incentive Plan.
Rebecca Bridgeford Opher, Attorney-In-Fact for Bruce G. Bernstein 06/30/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
_______________________________________________
Created by 10KWizard www.10KWizard.com
A Mania in Telecom to Merge
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By KEN BELSON and IAN AUSTEN
Published: June 20, 2006
As Nokia and Siemens announced plans to merge their telecommunications equipment businesses — the third major industry deal in less than a year — the big unanswered question was not if, but when, the remaining giants would team up.
Many financial analysts expect Motorola and Huawei of China to pursue Nortel Networks, which is widely viewed as the most valuable but also the most financially troubled of the remaining companies that make the building blocks of the world's phone and data networks. A smaller group of analysts see Motorola and Huawei joining hands, leaving Nortel alone.
Whatever combination emerges, the logic behind the deals is not unlike the thinking that drove Ericsson to buy Marconi or the pending merger of Alcatel and Lucent Technologies, which was announced in March: As carriers like AT&T and Sprint-Nextel turn into one-stop communications providers, equipment vendors must expand if they hope to continue serving them.
They must be able to integrate wireless and traditional networks so customers can, say, check their e-mail on their cellphones and have single voice mail accounts serving a variety of phones. They also need more financial firepower to cut prices and keep up with low-cost competitors overseas.
With their broader product lineup and deeper pockets, Ericsson-Marconi, Alcatel-Lucent and Nokia-Siemens would be in a stronger position to win contracts to provide those services. For Nortel, the weakest of the remaining equipment makers, merging may be the only way to keep up, analysts said. "If you look at financials, Nortel is the No. 1 target" for a takeover, said Edward Snyder, an industry analyst with Charter Equity Research in San Francisco.
Any deal for Nortel, though, must overcome hurdles. Nortel has been plagued by accounting troubles, operating losses and management shake-ups. As the company was busy sorting out these problems, its potential suitors were merging.
A Nortel spokeswoman, Patricia Vernon, would not comment on speculation that Nortel might be bought, saying only: "Nortel understands the pressures that are driving industry consolidation, mergers and acquisitions." Motorola also declined to comment.
Alcatel was in talks to buy Nortel before it ultimately decided to work with Lucent, according to bankers close to those discussions. Now that Nokia and Siemens appear intent on going their own way as well, investors fear that the company's struggles will continue to deepen.
Yesterday, Nortel's stock plunged 10.1 percent, falling 23 cents, to $2.04. Motorola's shares dipped 6 cents, or 0.3 percent, to $20.02.
On the other hand, investors took a positive view of the Siemens-Nokia deal. Siemens's shares surged 4.82 euros, to close at 67.32 euros. Nokia's American depository receipts rose 12 cents, to $20.09.
If the merger of their equipment units is approved, Nokia and Siemens would become the third-largest equipment vendor in terms of 2005 sales, with 18.3 percent of the global market, according to the Dell'Oro Group. Ericsson-Marconi is the leader with a 21 percent share of the market, followed by a combined Alcatel-Lucent, with 19.6 percent.
Nortel, on the other hand, has just 10 percent of the market, while Motorola has only 5 percent. Huawei has about 4 percent of the market.
These companies would not only lag behind in total sales, but would also lack the full complement of products that their three larger rivals will have.
They would also face more pressure from Cisco, which in February bought Scientific-Atlanta, a leading maker of television set-top boxes. The deal gave Cisco, which makes the digital switches used to route traffic around the Internet, access to cable companies, which are building networks that compete head-to-head with those of big telecommunications companies like Verizon.
It also could give Cisco a foot in the door at Sprint-Nextel, which is working with Comcast, Time Warner and other cable companies to introduce wireless services that dovetail with their landline and video businesses.
If Cisco and Sprint-Nextel team up, it could hurt Nortel, which has helped Sprint-Nextel expand its wireline networks, and Motorola, which sells wireless network equipment using C.D.M.A. and iDEN technologies to Sprint-Nextel.
To become front-runners in helping Sprint-Nextel combine its wireless and wireline networks, Motorola and Nortel may need to join forces.
"The next move has to be Nortel and Motorola," said Susan Kalla, an analyst at Caris & Company. "Motorola is nervous about being at a competitive disadvantage to Cisco, Lucent-Alcatel and Nokia-Siemens. Nortel has the components they need."
Many analysts, though, say Motorola is wary of taking on Nortel's problems. Nortel continues to have trouble fully sorting out its financial reporting. And the company is still the subject of related criminal and securities investigations in the United States and Canada.
In an effort to resolve the accounting mess and reorganize, late last year Nortel brought in Mike S. Zafirovski, a former president and chief operating officer at Motorola, as its chief executive. It was a costly hire, partly because Nortel ultimately paid Motorola $11.5 million to drop a legal attempt to prevent Mr. Zafirovski from working at Nortel for two years.
Since then, Mr. Zafirovski has replaced much of Nortel's senior management, often bringing in former executives from General Electric, where he also worked. Mr. Snyder said those executive changes made it unlikely that Nortel would immediately seek a merger.
"You don't, as a board, spend all this time and energy and not see how he's going to play out," Mr. Snyder said, speaking of Mr. Zafirovski.
At the same time, some in the Canadian financial community have speculated that a telecom gear maker based in China might try to take on Nortel. A Chinese buyer, they reckon, would be less concerned with accounting issues and very interested in acquiring Nortel's global list of customers and its main technologies.
In February, Nortel announced a venture with Huawei to develop and market wireless high-speed Internet systems. In a regulatory filing issued this month, however, Nortel said that it had called off the plan.
For Siemens, the next move may involve another partner. The chief executive, Klaus Kleinfeld, said Siemens was in talks with potential partners for its enterprise unit, which sells networks to nontelecommunications companies. He suggested that a transaction to spin off the business and dissolve the communications division was near.
Ken Belson reported from New York for this article and Ian Austen from Ottawa. Carter Dougherty contributed reporting from Frankfurt.
On the Radar: InterDigital Communications
14 Jun 2006
Solid revenue improvement and a climbing stock price flag InterDigital Communications on a growth screen.
Erik Dellith
Please read this first: The following is independent investment and analysis from the Reuters.com investment channel, and is not connected with Reuters News. The opinions and views expressed herein are those of the author and are not endorsed by Reuters.com.
With a gain of nearly 2 percent, the Relative Momentum screen has outperformed the other 18 Reuters Select stock screens since the beginning of May. We recently spied InterDigital Communications Corp. (IDCC) on this screen.
Continued below
A rise of nearly 4 percent so far in June more than made up for the Relative Momentum screen's 1.9 percent decline in May, netting a return of about 1.8 percent since the start of May. By comparison, second place during this period belongs to the Growth At A Reasonable Price (GARP) screen from the value category; companies appearing on the GARP screen posted an average gain of just over 1 percent since the beginning of May.
The Relative Momentum screen is designed to find companies that are posting solid revenue growth and stock-price appreciation. Because it focuses on companies that are in a solid uptrend, the screen is not concerned with low valuations. Given recent stock market volatility, though, we want to find names where valuations have not climbed too high; after all, the higher they are, the farther the potential fall if conditions take a turn for the worse. Thus, we massaged the criteria on the scoring worksheet portion of the downloadable Weekly Reuters Select Excel spreadsheet console, emphasizing lower price to earnings (P/E) and P/Sales ratios, particularly relative to the industry averages.
As indicated below, IDCC's valuation is a mixed bag, with shares priced either at a premium or a discount to the average for the communications equipment industry, depending on the ratio examined.
Valuation Ratios Company Industry Sector S&P 500
P/E Ratio (TTM) 26.26 29.60 28.71 19.77
P/E High - Last 5 Yrs. NA 67.26 56.75 36.36
P/E Low - Last 5 Yrs. NA 15.66 17.94 14.53
Beta 2.40 2.14 1.86 1.00
Price to Sales (TTM) 10.08 5.61 4.70 2.74
Price to Book (MRQ) 8.70 4.68 4.94 3.71
Price to Tangible Book (MRQ) 12.56 5.26 6.85 6.70
Price to Cash Flow (TTM) 22.42 27.40 22.05 13.95
Price to Free Cash Flow (TTM) 22.77 35.60 29.77 28.88
% Owned Institutions 35.45 49.36 45.88 67.34
Learn about Valuation Ratios
We also emphasized the key management effectiveness ratio return on investment (ROI) relative to the industry average. ROI, which is calculated as net income divided by shareholder equity, long-term debt and other long-term liabilities, provides a measure to gauge management's ability to effectively use available capital. Industry-wide ROI increased in the trailing 12-month (TTM) period from the five-year average. IDCC, which had a superior reading over the longer time frame, widened its lead more recently. Further, we see that this relationship holds for other management effectiveness ratios, such as return on assets (ROA) and return on equity (ROE), as well.
Management Effectiveness (%) Company Industry Sector S&P 500
Return On Assets (TTM) 22.39 9.07 11.20 8.02
Return On Assets - 5 Yr. Avg. 5.17 -2.62 5.56 6.28
Return On Investment (TTM) 27.96 11.47 15.40 11.95
Return On Investment - 5 Yr. Avg. 6.45 -2.86 8.04 9.83
Return On Equity (TTM) 50.42 16.40 19.32 19.81
Return On Equity - 5 Yr. Avg. 10.25 -0.52 11.40 17.72
Learn about Management Effectiveness
Incorporating these factors, IDCC, which designs and develops digital wireless technology solutions, registered the highest score of the companies recently appearing on the Relative Momentum screen.
The screen starts off by highlighting companies with revenue growth in both the most recent quarter (MRQ) and TTM periods that exceeds the industry averages by at least 50 percent. We find that IDCC easily clears this hurdle. Further, its rate of growth for earnings per share (EPS) is so large - four digits - in the MRQ and TTM periods that it is not meaningful for our comparisons.
Growth Rates(%) Company Industry Sector S&P 500
Sales (MRQ) vs Qtr. 1 Yr. Ago 45.38 26.75 20.93 16.74
Sales (TTM) vs TTM 1 Yr. Ago 68.82 23.39 18.33 17.52
Sales - 5 Yr. Growth Rate 23.46 5.94 8.65 9.51
EPS (MRQ) vs Qtr. 1 Yr. Ago NM 8.12 21.62 17.33
EPS (TTM) vs TTM 1 Yr. Ago NM 24.53 26.69 24.76
EPS - 5 Yr. Growth Rate 58.06 15.91 10.02 13.50
Capital Spending - 5 Yr. Growth Rate 20.52 -0.90 6.50 6.54
Learn about Growth Rate Ratios
While those revenue growth rates are appealing, one should be aware that, in 2005, slightly more than two-thirds of revenue was derived from licensees based in Japan, even though it generally covers products sold both within and outside of that country. Much of this revenue was derived from two companies: NEC and Sharp Corp. of Japan accounted for approximately 30 percent and 22 percent of total revenue, respectively.
Diving a bit deeper, we find that a key reason for the substantial increase in the EPS growth rate is the company's improved profit margins in the TTM period versus its five-year averages.
Profitability Ratios (%) Company Industry Sector S&P 500
EBITD Margin (TTM) 27.20 19.17 21.54 22.67
EBITD - 5 Yr. Avg. 11.70 5.38 14.86 20.20
Operating Margin (TTM) 20.43 16.70 18.08 20.75
Operating Margin - 5 Yr. Avg. 2.19 2.01 10.90 18.75
Pre-Tax Margin (TTM) 22.60 21.18 20.57 18.57
Pre-Tax Margin - 5 Yr. Avg. 5.42 1.15 12.54 16.93
Net Profit Margin (TTM) 38.22 14.30 14.75 13.89
Net Profit Margin - 5 Yr. Avg. 5.98 -3.56 7.59 11.41
Effective Tax Rate (TTM) NM 25.96 27.19 30.18
Effective Tax Rate - 5 Yr. Avg. 47.56 29.71 29.04 32.02
Learn about Profit Margin Ratios
The screen then looks to share-price performance. Remember, we want companies that are in a solid uptrend, so the screen requires that a company's stock must have increased by more than 50 percent above the industry average over both the last four- and 52-week periods.
Over the last year, stock prices in the communications equipment industry have enjoyed a nice rally, climbing nearly 21 percent on average. IDCC, by comparison, has advanced almost 79 percent during this period. The market's volatility over the last month, though, has caused many companies in the industry to give back some of those gains, as the industry average stock-price performance has slid more than 7 percent. Even in this environment IDCC shares have powered ahead, gaining approximately 21 percent.
The recent improvement in revenue and earnings - along with winning a significant patent dispute - helps to explain some of the ascent in IDCC shares. Although nothing can guarantee that a stock will continue its climb, downward revision in analyst EPS estimates most surely would not help. For this reason, the last requirement of the screen is that the current consensus EPS estimate is no lower than it was eight weeks ago.
Two months back, the consensus of analyst EPS estimates stood at $1.05. Today, it is $4.12, thanks largely to the windfall from the patent dispute. Looking to next year, analysts expect earnings to return to a more normal level, and they have still been upping their estimates. Two months ago, the consensus for 2007 was 94 cents; today it is $1.11.
Our back-of-the-envelope analysis of IDCC, which takes into consideration its TTM and five-year average ROI, ROA, and ROE figures, along with analyst estimates, indicates that the company can grow its earnings at an average annual clip of about 23 percent. That is less than the 26 percent that our analysis indicates is necessary to justify the current stock price. Yet, the consensus of analysts who cover IDCC and provide estimates to Reuters.com for average annual EPS growth look for a faster clip of 27 percent, indicating there may still be room for the share price to climb.
At the time of publication, Erik Dellith did not directly own puts or calls or shares of BBY. He may be an owner, albeit indirectly, as an investor in a mutual fund or an Exchange Traded Fund.
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The material herein, while not guaranteed, is based upon information believed to be reliable and accurate. Reuters Research, Inc. does not: (a) guarantee the accuracy, completeness or timeliness of, or otherwise endorse, the information, views, opinions, or recommendations expressed herein; (b) give investment advice; or (c) advocate the sale or purchase of any security or investment. The material herein is not to be deemed an offer or solicitation on our part with respect to the sale or purchase of any securities. Our writers, contributors, editors and employees may at times have positions in the securities mentioned and may make purchases or sales of these securities while this report is in circulation.
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Tue Jun 6 08:24:16 2006 IDCC is "In Play"
Interdigital Comm tgt raised to $44 from $42 at Nollenberger Capital ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): June 1, 2006
------------
InterDigital Communications Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania 1-11152 23-1882087
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
781 Third Avenue, King of Prussia, PA 19406-1409
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 610-878-7800
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
===============================================================================
Item 1.01. Entry into a Material Definitive Agreement.
(a) On June 1, 2006, InterDigital Communications Corporation (the
"Company") entered into an employment agreement with James Nolan ("Employment
Agreement") setting forth the terms and conditions of Mr. Nolan's service to the
Company in his capacity as Senior Engineering Officer effective on May 16, 2006.
Pursuant to the Employment Agreement, Mr. Nolan reports directly to the
Chief Executive Officer and will receive an annual base salary of $225,000,
subject adjustments from time to time ("Base Salary"), together with benefits
which are provided to similarly situated employees of the Company (e.g.,
medical, dental, vision, 401(k), expense reimbursement). Mr. Nolan will continue
to be eligible to participate in the Company's Annual Employee Bonus Plan, and
shall have an annual target bonus level of 40% of his Base Salary for 2006. Mr.
Nolan's target LTIP cash bonus and restricted stock unit ("RSU") award pursuant
to the Company's Long-Term Compensation Program ("Program") will be set at 80%
of his Base Salary effective the next LTIP and Program cycles. Additionally, Mr.
Nolan was awarded 5,000 RSUs vesting over three years beginning in May 2007.
The Employment Agreement provides that if Mr. Nolan is terminated without
cause or terminates his employment for good reason (as "cause" and "good reason"
are defined under Section 9(b) and 9(a) of the Employment Agreement,
respectively), and provided he executes the Company's standard form termination
letter, he will be entitled to continue to receive his Base Salary, together
with dental and health coverage under COBRA, for a period of twelve months. In
addition, upon Mr. Nolan's separation of service with the Company, the
Employment Agreement provides that if any payment is made to Mr. Nolan which
would constitute a payment of nonqualified deferred compensation pursuant to
Section 409A of the Internal Revenue Code of 1986, as amended (the "Code), such
payment shall be delayed until the date that is six months after the date of Mr.
Nolan's separation. Further, in the event any amount or benefit payable to Mr.
Nolan under the Employment Agreement or under any other plan, agreement or
arrangement applicable to Mr. Nolan, is subject to an excise tax imposed
pursuant to Section 4999 of the Code (or imposed under any successor provision
of the Code imposing a tax liability on "excess parachute payments" as that term
is defined in Code Section 280G), Mr. Nolan shall be entitled to receive a cash
"gross-up" payment, on an after-tax basis, in an amount sufficient to indemnify
him for the amount of any such excise tax.
If his employment is terminated within one year following a change in
control by the Company (except for cause) or by employee (whether or not for
Good Reason), Mr. Nolan is entitled to receive all accrued but unpaid Base
Salary, Benefits and Other Compensation provided he signs a standard termination
letter. He is also entitled to receive at date of termination two years worth of
Base Salary, and all options and restricted stock which may vest upon a change
in control under the applicable equity plan shall vest.
###
In addition, effective as of May 16, 2006, the Company entered into an
Indemnity Agreement with Mr. Nolan. The Indemnity Agreement is in the form
executed by all directors, officers or agents of the Company or the Company's
subsidiaries, and provides that in addition to the Company's general obligation
to maintain directors' and officers' liability insurance, the Company will,
subject to certain conditions, indemnify and defend in whole or in part, such
directors, officers or agents of the Company or the Company's subsidiaries in
connection with their service to the Company and its subsidiaries.
The Indemnity Agreement entered into with Mr. Nolan is substantially
identical in all material respects (except as to the parties thereto and the
date) to the Indemnity Agreement filed with the Securities and Exchange
Commission as Exhibit 10.47 to the Company's Quarterly Report on Form 10-Q for
the quarter ended March 31, 2003.
###
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
INTERDIGITAL COMMUNICATIONS CORPORATION
By: /s/ R.J. Fagan
-----------------------------------------------
Richard J. Fagan
Chief Financial Officer
Dated: June 1, 2006
###
</TEXT>
</DOCUMENT>
_______________________________________________
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Form 4CLONTZ STEVEN T - IDCCFiled: June 05, 2006 (period: June 01, 2006)Statement of changes in beneficial ownership of securities
FORM 4 ¨ Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVALOMB Number: 3235-0287Expires: January 31, 2008Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person * CLONTZ STEVEN T 2. Issuer Name and Ticker or Trading Symbol INTERDIGITAL COMMUNICATIONS CORP (IDCC) 5. Relationship of Reporting Person(s) to Issuer(Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give _____ Other (specify title below) below)
(Last) (First) (Middle) 781 THIRD AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 06/01/2006
(Street) KING OF PRUSSIA, PA 19406-1409 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Join/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3) 2. Transaction Date (Month / Day / Year) 2A. Deemed Execution Date, if any (Month / Day / Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/01/2006 A 2,000 A 47,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month / Day / Year) 3A. Deemed Execution Date, if any (Month / Day / Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (Month / Day / Year) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Granted pursuant to the InterDigital Communications Corporation 1999 Restricted Stock Plan.
Rebecca Bridgeford Opher, Attorney-In-Fact for Steven T. Clontz 06/05/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
_______________________________________________
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): May 30, 2006
------------------------
InterDigital Communications Corporation
(Exact name of registrant as specified in its charter)
Pennsylvania 1-11152 23-1882087
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
781 Third Avenue, King of Prussia, PA 19406-1409
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 610-878-7800
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
================================================================================
Item 2.02. Results of Operations and Financial Condition.
(a) On May 30, 2006, InterDigital Communications Corporation issued a press
release providing revenue guidance for second quarter 2006. A copy of the
press release is attached hereto as Exhibit 99.1.
Item 8.01. Other Events.
In May 2006, we resolved a dispute with Panasonic Mobile Communications Co.,
Ltd. (formerly known as Matsushita Communications Industrial Co., Ltd.)
(Panasonic) regarding royalty payment provisions under our 2001 CDMA (including
3G) patent license agreement. As part of the resolution of this matter,
Panasonic agreed that, through December 31, 2005, they had exhausted $12.0
million against an advance payment on royalties of $19.5 million made in 2001.
Prior to the resolution, the parties had disagreed as to whether or not certain
Panasonic licensed products infringed one or more of our licensed patents, which
would have triggered Panasonic's royalty obligations. As a result, we had not
recognized any of the $19.5 million advance royalty payment as revenue. We will
recognize the $12.0 million exhaustion as revenue in second quarter 2006 along
with per-unit royalties to be reported by Panasonic related to their sales of
licensed products in first quarter 2006.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated May 30, 2006.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
INTERDIGITAL COMMUNICATIONS CORPORATION
By: /s/ Richard Brezski
-------------------
Richard Brezski
Controller
Dated: May 30, 2006
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
99.1 Press release dated May 30, 2006
</TEXT>
</DOCUMENT>
Exhibit 99.1
InterDigital Issues Revenue Guidance for Second Quarter 2006;
Solid Recurring Royalties and Recognition of Nokia Revenue Benefit Quarter
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--May 30, 2006--InterDigital
Communications Corporation (Nasdaq:IDCC) today announced that it expects total
second quarter 2006 revenue to be in the range of approximately $291 million to
$293 million. Expected revenues for second quarter 2006 include the following
approximate amounts:
-- $228 million associated with the resolution of a dispute with Nokia
related to a prior patent license agreement,
-- $50 million to $51 million of recurring patent license royalty revenue
from its base of existing licensees,
-- $12 million of patent license royalty revenue related to resolution of
a licensing matter with Panasonic, and
-- $1 million to $2 million of revenue related to technology solution
agreements.
Additionally, InterDigital expects to recognize the balance of the revenue
related to Nokia's $253 million payment this year, recording $12.5 million per
quarter in each of third and fourth quarter 2006. Panasonic is obligated to
provide InterDigital a royalty report for first quarter 2006 sales. As
InterDigital has not yet received the report, the second quarter 2006 forecast
does not include per unit royalties from Panasonic.
Richard Fagan, InterDigital's Chief Financial Officer, noted, "We continue
to benefit from solid contributions from our existing base of patent licensees
and we remain optimistic about our prospects for growth as we continue to
capitalize on opportunities in the growing 3G market. While the recognition of a
large portion of the payment from Nokia in the second quarter will create an
unusual quarter, the payment provides further validation as to our ability to
generate value from our intellectual contributions to the wireless industry."
About InterDigital
InterDigital Communications Corporation designs, develops and provides
advanced wireless technologies and products that drive voice and data
communications. InterDigital is a leading contributor to the global wireless
standards and holds a strong portfolio of patented technologies which it
licenses to manufacturers of 2G, 2.5G, 3G and 802 products worldwide.
Additionally, the company offers baseband product solutions and protocol
software for 3G multimode terminals and converged devices, delivering
time-to-market, performance and cost benefits. The company's financial strength
and solid revenue base contribute to the continued investment in innovation and
development that will shape the next generation of wireless technology. For more
information, visit the InterDigital website: www.interdigital.com.
This press release contains forward-looking statements regarding our
current beliefs, plans and expectations as to second quarter 2006 revenue
including revenues from Nokia, recurring patent licensing royalties and revenues
from technology solution agreements and prospects for growth. Forward-looking
statements are subject to risks and uncertainties. Actual outcomes could differ
materially from those expressed in or anticipated by such forward-looking
statements due to a variety of factors including, but not limited to, the
receipt of new royalty reports from current licensees, unanticipated revisions
to our expectations as to our progress toward completion of our agreements with
General Dynamics and Philips, and the ability to enter into new patent license
and product agreements in 2006.
InterDigital is a registered trademark of InterDigital Communications
Corporation.
CONTACT: InterDigital Communications Corporation
Media Contact:
Jack Indekeu, 610-878-7800
jack.indekeu@interdigital.com
or
Investor Contact:
Janet Point, 610-878-7800
janet.point@interdigital.com
</TEXT>
</DOCUMENT>
_______________________________________________
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like butter.
InterDigital Communications downgraded to "long term buy"
Friday, June 02, 2006 11:12:58 AM ET
Hilliard Lyons
NEW YORK, June 2 (newratings.com) - Analysts at Hilliard Lyons downgrade InterDigital Communications Corp (IDCC.NAS) to "long term buy." The target price is set to $34-$39.
In a research note dated June 1 and published this morning, the analysts mention that the company's share price has appreciated 55% year-to-date, as compared to a 1% decline in the NASDAQ Composite. InterDigital Communications has settled its dispute with Nokia, recognized revenues from Panasonic and licensed several deals with LG Electronics so far in the quarter, the analysts say. The company is expected to sign several $100 million-plus deals during the rest of the current year, Hilliard Lyons adds.
Recommend this article to a friend
http://www.newratings.com/analyst_news/article_1289475.html
Ams-The only time that you'll be posting on this board is when I'm sleeping.
:)
May 14, 2006]
Samsung to Pay $100 Mil. in Royalties to InterDigital
(Korea Times Via Thomson Dialog NewsEdge)By Kim Tae-gyu
Samsung Electronics, the world's third-largest cell phone producer, will pay as much as $100 million in royalties to wireless technology company InterDigital Communications, according to an industry source.
Samsung will strike a mega deal with InterDigital soon for its royalty obligations for the currently-dominant second-generation (2G) GSM handsets, the source who is close to the deal said.
InterDigital, a U.S. high-tech corporation, retains a strong portfolio of patented technologies. It licenses the techniques to handset manufacturers worldwide.
``Given the Nokia-InterDigital agreement last month, the amount between Samsung and InterDigital would be about $100 million for 2G phones alone,' he said.
Last month, Nokia, the world's foremost handset vendor, agreed to pay InterDigital $253 million for the use of its 2G cell phone technologies.
``The Nokia deal has implications for Samsung, which is embroiled in a very similar dispute with InterDigital. Samsung would go down a similar path,' the source said.
``Then it is an easy calculation. Nokia rolled out about 2.5 times more 2G phones than Samsung. Subsequently, Samsung would pay about 40 percent of the Nokia payout, or about $100 million, to InterDigital,' he said.
When contacted, a Samsung Electronics spokesman refused to comment, citing his firm's policy of not talking about any ongoing royalty negotiations.
Expectations on Imminent Deal
But the source's remarks are in line with a recent report by WirelessLedger.com, a Web site that comprehensively covers intellectual property rights and patents on mobile techniques.
``Samsung has been in binding arbitration with InterDigital, with evidentiary hearings completed in January, 2006 and an arbitration award likely in May or June 2006,' the report said.
``Samsung, whose licensing terms are piggybacked on Nokia's, is almost certainly liable for about $100 million in 2G licensing fees to InterDigital,' it continued.
On a more negative note for Samsung, the outfit may have to shoulder other royalty burdens due to InterDigital's patents for next-generation 3G techniques, called wideband-code division multiple access, or W-CDMA.
The 2G phones refer to most models currently available across the world while 3G handsets are gadgets with which wireless Internet connection is possible at a good speed.
In fact, Samsung's cross-town competitor LG Electronics showed how the royalty amount can soar when both 2G and 3G royalties are involved at the same time.
Unlike Nokia that doled out just a 2G contract with InterDigital, LG Electronics, the world's fourth-biggest handset maker, agreed in January to give $285 million in royalties to InterDigital for licensing both 2G and 3G technologies.
Under the contract, LG will pay $95 million each year from 2006 to 2008 in return for gaining licenses for all 2G and 3G InterDigital technologies for the next five years.
InterDigital receives most of its revenue from royalties on patents. The outfit, which had revenue of $103.7 million last year, is set to have a banner year thanks to the big back-to-back deals with LG and Nokia and the envisioned one with Samsung.
[ Back To TMCnet.com's Homepage ]
http://www.tmcnet.com/usubmit/2006/05/14/1649016.htm
Zacks Analyst Blog Highlights: InterDigital Communications, Nokia Corp., Kyocera Wireless and iPass, Inc.
CHICAGO--(BUSINESS WIRE)--May 15, 2006--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day, the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: InterDigital Communications (Nasdaq:IDCC), Nokia Corp. (NYSE:NOK), Kyocera Wireless Corp. (NYSE:KYO) and iPass, Inc. (Nasdaq:IPAS).
See the latest posts to the Analyst Blog by visiting http://at.zacks.com/?id=2673
Here are highlights from Friday's Analyst Blog:
InterDigital Upgraded
InterDigital Communications (Nasdaq:IDCC), a leading wireless technology and licensing company, announced highly impressive first quarter earnings results (ended March) with a record high quarterly revenue. This was primarily driven by increased recurring royalties, both from existing licenses as well as from the new agreements signed by the company in the last nine months. On April 27, the company settled its 2G royalty litigation with Nokia Corp. (NYSE:NOK), per which Nokia will pay $253 million to IDCC during 2006. Recent deals with LG Electronics and other manufacturers provide improved revenue visibility in future. We are upgrading shares to a Buy Rating based on our valuation projections.
To maintain its technology leadership, IDCC spends a significant portion of its annual revenue on research and development activities as it works closely with various manufacturers and international standard-setting bodies in the wireless industry. In 2004, IDCC filed a total of 858 patent applications and royalties received from its use are usually passed through the income statement without product costs (no Cost of Goods Sold), in effect benefiting the bottom-line without margin.
Most of the company's patent-licensing agreements are multi-year deals with recurring revenue based on the number of units sold. Two recently concluded deals, namely a $285 million license pact with LG Electronics and a $50 million agreement with Kyocera Wireless Corp. (NYSE:KYO), have already started expanding the company's top line. As it signs agreements with additional wireless industry players, profit margins will continue to expand, and cash flow should improve dramatically. IDCC already has a solid balance sheet, with $197 million of cash and only $4.5 million of debt as of March 31, 2006. This should give the company the flexibility to defend its intellectual property rights, invest in new technology solutions and continue to buy back shares. Free cash flow during the first quarter was $78.82 million.
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060515005...
NOKIA AND INTERDIGITAL SETTLE; FUTURE BATTLE LOOMS
Nokia and Interdigital have drawn a line under their disputes over 2G and 3G licenses, after Nokia agreed to pay Interdigital $253 million – roughly the amount decided on by the International Chamber of Commerce’s Court of Arbritration in autumn 2005.
The resolution means Nokia is fully paid up on all 2G licenses from Interdigital, and is so in perpetuity. It also wipes the slate clean for 3G licenses up to the present day.
However, the companies are still in negotiation over future 3G licenses, and many close to Interdigital see the resolution as clearing the decks for further battles on 3G.
Interdigital claims that the 3G license fees up to this point, which were effectively thrown in for free into the 2G deal, were not that substantial, reflecting Nokia's own sluggish sales of 3G devices. Nokia says that the agreement shows the worth of fighting “unrealistic expectations” of technology licencers.
The agreement also has implications for Samsung, which is involved in a very similar dispute with Interdigital, albeit for lesser amounts. Interdigital clearly hopes that the Nokia example will persuade Samsung to go down a similar path.
An Interdigital spokesperson said that the amount Nokia paid was “in line” with their expectations, and showed the resolve of the company in defencding its IPRs. Nokia painted the settlement as a climbdown for Interdigital from previous inflated demands.
With Nokia also in dispute over ongoing patent licensing with Qualcomm (Qualcomm recently informed the markets there is a risk it may not renew licenses with Nokia after April 2007) the company clearly faces a period where it needs to sort out its licensing policy.
We have tried repeatedly to speak to Nokia but it has been unable to put up a spokesperson.
If you're interested in the background to this dispute then follow the links below.
http://www.mobileeurope.co.uk/news/news_story.ehtml?o=2136
CNBC -- Mad Money
CNBC 5/1/2006 - 6:34 PM... need you to be in to win and i need to go to zal in florida. hit me. >> caller: mr. cramer. jim: that's my dad i've been meaning to call him. well after the show. what's up? >> caller: i want to ask you about interdigital idcc had big settlement with nokia. what do you think? jim: i think you should say to yourself i just won interdigital and now i'm going to ring the register because that was a huge victory and i need you to sell some if year greedy. i don't like it. how about we go to john in georgia. john? >> caller: cramer great big booyah from roswell, georgia. jim: wow, marng one of my favorite parts of georgia. >> caller: all right i want to talk about home depot. hd. >> one of the worst performing stocks in april. that's a crime against humanity. i think that ar deli is doing a great job i would buy this stock right here down 10% from its high. i'm bullish. greg greg norman in new...