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InterDigital’s Atle Monrad Re-Elected as Vice Chair of 3GPP’s Core Network and Terminals (CT) Plenary
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, announced the re-election of Atle Monrad to return for second term as Vice Chair of 3GPP’s Core Network and Terminals (CT) plenary.
Within the 3GPP standards-setting organization, the CT plenary oversees the work of all core network and terminals working groups that are critical for network evolution. In general, the CT working groups are responsible for defining the foundational interfaces and protocols within the core network, as well as between the core network and terminal devices.
“We applaud Atle on his re-election to Vice Chair of the CT plenary, which stands as a testament to the respect he has earned over his 35 years of industry experience and his observed track record as a leader in 3GPP,” said Rajesh Pankaj, CTO, InterDigital. “Leadership within this committee holds great responsibility in shaping the critical framework for networks and terminals, and we know Atle is best equipped for this role.”
Atle began attending 3GPP meetings in 2001 and is a well-respected 3GPP contributor with a long history of leadership positions, including serving as 3GPP CT Plenary chair and two long terms as CT1 Chair. Within his long career, Atle has also worked in standardization of the cellular systems including 5G, LTE, UMTS and, GSM. Following his first term as Vice Chair of the CT plenary, InterDigital’s Monrad will begin his second two-year term alongside vice chairs from OPPO and China Telecom, with Huawei chairing the plenary.
About InterDigital ®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Roya Stephens
Email: roya.stephens@interdigital.com
+1 (202) 349-1714
Exclusive: EU patent body to oversee tech-standard patent royalties -EU draft rule
By Foo Yun Chee
March 28, 2023 3:53 PM EDT
BRUSSELS, March 28 (Reuters) - The European Union patent body will oversee a new process to set fair royalties on patents for technologies widely used in products like cellphones, according to a draft EU regulation that seeks to reduce litigation over royalty disputes.
Standard-essential patents cover technology that devices must include to comply with international standards like 4G, Wi-Fi and USB. Some standards entail thousands of essential patents, and their owners are required to offer licenses on fair and reasonable terms.
Users of the standards are usually producers of telecoms equipment, mobile phones, computers, tablets and increasingly, makers of connected cars, drones, payment terminals and other smart devices.
The royalty process to be overseen by the European Intellectual Office (EUIPO) is aimed at resolving disputes between patent holders and users of such standards.
"The FRAND determination procedure should simplify and speed up negotiations concerning FRAND terms and reduce costs. The EUIPO should administer the procedure," said the European Commission document seen by Reuters on Tuesday.
FRAND (fair, reasonable and nondiscriminatory) terms are often used in relation to technical standards developed through an industry-led standardisation process.
The FRAND-setting process should be concluded within nine months and is a mandatory step before patent holders can take legal action against infringements, the document said.
"This is necessary because disagreements about the FRAND terms are the main reason to seek recourse in courts," the document said.
The draft regulation requires EUIPO to set up a register of standard essential patents (SEP) and companies to sign up if they want to charge patent fees or take legal action.
"A SEP owner shall not be entitled to receive royalties or seek damages for infringement of a claimed SEP subject to registration," the document said.
To help SEP owners determine how much they can charge, the Commission wants companies to agree among themselves on an aggregate royalty, in effect the potential royalties for all SEPs covering a standard.
Independent evaluators will check whether a patent is crucial to the standard.
European Commission Vice President Margrethe Vestager is scheduled to announce the draft regulation on April 26, according to a Commission agenda.
The draft rules need to be agreed with EU countries and the European Parliament before they can become law.
https://www.reuters.com/technology/eu-patent-body-be-involved-tech-standard-patent-royalties-eu-draft-rule-2023-03-28/
InterDigital Declares Regular Quarterly Cash Dividend
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share on its common stock, payable on April 26, 2023, to shareholders of record at the close of business on April 12, 2023.
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
investor.relations@interdigital.com
+1 (302) 300-1857
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?
New Study Emphasizes the Need for Quality of “Personal” Experience Metrics to Ensure Profitability of Future 6G Services
Today at 04:01 am
INTERDIGITAL, INC.
WILMINGTON, Del., March 27, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC) and Omdia have released a joint study titled “Experience the Future of 6G: A New Direction for Telecom,” highlighting the need for a new quality of "personal” experience (QoPE) framework and metrics to measure the success of 6G-enabled services that will unlock new possibilities for users and operators alike.
The study draws on experiments conducted by students at Carnegie Mellon University’s Human Computer Interaction Institute, as well as interviews with a variety of potential 6G enterprise customers, service providers and other industry stakeholders. The study also reveals that future 6G services will be capable of engaging a diversity of human senses, including touch and spatial awareness, that will allow people to have fully immersive cyber-physical experiences. However, justifying the price tag of sensory-enriched services poses unique challenges for telecom operators and the industry at large unless the opportunity is fully understood.
the commercialization of future 6G services. As the metaverse and other immersive applications mature, there will be a need for a QoPE to provide users with the best possible experience. Sensory driven metrics will become critical as networks start to shift from people-to-device networks to people-to-people networks. Those who focus on delivering a better experience will find new service opportunities in the future.
To read the whitepaper, Experience the Future of 6G: A New Direction for Telecom., please click here.
About InterDigital ®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.InterDigital.com
InterDigital Contact:
Roya StephensEmail: Roya.Stephens@interdigital.com+1 (202) 349-1714
About Omdia
Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.
For more information, visit: www.omdia.com
Omdia Contact:
Fasiha KhanEmail: Fasiha.khan@informa.com+44 7503 666806
InterDigital chief backs 6G to inspire new thinking
https://www.mobileworldlive.com/session/interview-liren-chen-ceo-interdigital-2023/
LTE - Regarding Eric Cohen: I'm not certain that the 116% represented the maximum that he could have been entitled to receive from this performance-based incentive plan. My past experience with Rule 10b5-1 trading plans indicate that these plan parameters are established well in advance of creating any transactions. The authorization to sell these shares where described in the past rather than any court actions that were announced last week. JMHO
Acquisition (Non Open Market) Direct 22,822 $0.00 67,120
* The transaction reported represents the vesting of awards of performance-based restricted stock units granted to the reporting person on March 31, 2020 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement level of the 2020 cycle performance goal, 116% of the reporting person's target performance-based restricted stock unit awards, or 21,444 restricted stock units, vested on March 15, 2023, together with 1,378.2084 additional shares representing accrued dividend equivalent units.
Disposition (Non Open Market) Direct 17,369 $73.43 49,750
* in satisfaction of the reporting person's tax liability - See notes #2 & #4 below
Automatic Sell Direct 7,597 $72.42 42,153
* The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. See notes #6 & #7 below.
_______________________________
1. The transaction reported represents the vesting of awards of performance-based restricted stock units granted to the reporting person on March 31, 2020 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program. Based on the achievement level of the 2020 cycle performance goal, 116% of the reporting person's target performance-based restricted stock unit awards, or 21,444 restricted stock units, vested on March 15, 2023, together with 1,378.2084 additional shares representing accrued dividend equivalent units.
2. The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability in connection with the transaction described in Note 1.
3. The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 1.
4. The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability. The restricted stock units were granted to the reporting person on March 31, 2020, March 31, 2021 and March 15, 2022 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 15, 2023, together with accrued dividend equivalents.
5. The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 4.
6. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $71.798 to $72.76 per share. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
7. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices ranging from $72.80 to $73.77 per share. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range. The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
Your recent post #431092:
How thrilled was Cohen when he dumped his stock grants?
COHEN ERIC Officer 03/15/2023 Acquisition (Non Open Market) Direct 22,822 $0.00 67,120
COHEN ERIC Officer 03/15/2023 Disposition (Non Open Market) Direct 17,369 $73.43 49,750
COHEN ERIC Officer 03/15/2023 Automatic Sell Direct 7,597 $72.42 42,153
Zacks Research Weighs in on InterDigital, Inc.'s Q2 2023 Earnings (NASDAQ:IDCC)
MON., MARCH 20, 2023
InterDigital, Inc. (NASDAQ:IDCC - Get Rating) - Equities researchers at Zacks Research cut their Q2 2023 EPS estimates for InterDigital in a report released on Wednesday, March 15th. Zacks Research analyst S. Bose now anticipates that the Wireless communications provider will post earnings of $0.41 per share for the quarter, down from their prior estimate of $0.54. The consensus estimate for InterDigital's current full-year earnings is $2.54 per share. Zacks Research also issued estimates for InterDigital's Q4 2023 earnings at $0.59 EPS, FY2023 earnings at $1.85 EPS, Q3 2024 earnings at $0.64 EPS, FY2024 earnings at $2.49 EPS and FY2025 earnings at $2.96 EPS.
InterDigital (NASDAQ:IDCC - last issued its quarterly earnings results on Wednesday, February 15th. The Wireless communications provider reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.16. The business had revenue of $117.10 million during the quarter, compared to analyst estimates of $113.93 million. InterDigital had a net margin of 20.47% and a return on equity of 13.02%. InterDigital's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 earnings per share.
A number of other analysts have also commented on IDCC. StockNews.com assumed coverage on shares of InterDigital in a report on Thursday. They set a "hold" rating for the company. Jefferies Financial Group assumed coverage on shares of InterDigital in a report on Friday, December 9th. They set a "buy" rating and a $80.00 target price for the company. William Blair assumed coverage on shares of InterDigital in a report on Thursday, January 26th. They set an "outperform" rating for the company. Finally, TheStreet raised shares of InterDigital from a "c+" rating to a "b" rating in a report on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $70.00.
InterDigital Price Performance
IDCC opened at $72.59 on Monday. The company has a fifty day moving average price of $69.83 and a two-hundred day moving average price of $55.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 4.96 and a current ratio of 4.96. InterDigital has a 52 week low of $40.23 and a 52 week high of $75.74. The firm has a market capitalization of $2.15 billion, a PE ratio of 23.49, a P/E/G ratio of 2.45 and a beta of 1.21.
Insider Transactions at InterDigital
In other news, insider Eeva K. Hakoranta sold 766 shares of InterDigital stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $73.05, for a total transaction of $55,956.30. Following the transaction, the insider now directly owns 20,200 shares of the company's stock, valued at $1,475,610. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Eeva K. Hakoranta sold 766 shares of the business's stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $73.05, for a total value of $55,956.30. Following the sale, the insider now directly owns 20,200 shares of the company's stock, valued at approximately $1,475,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Brezski sold 10,386 shares of the business's stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $73.77, for a total transaction of $766,175.22. Following the transaction, the chief financial officer now owns 91,496 shares in the company, valued at $6,749,659.92. The disclosure for this sale can be found here. Insiders have sold a total of 23,023 shares of company stock valued at $1,691,327 over the last three months. 1.20% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of IDCC. Huntington National Bank grew its position in shares of InterDigital by 602,700.0% during the 3rd quarter. Huntington National Bank now owns 6,028 shares of the Wireless communications provider's stock worth $244,000 after purchasing an additional 6,027 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of InterDigital by 33.6% during the 3rd quarter. Boston Trust Walden Corp now owns 543,536 shares of the Wireless communications provider's stock worth $21,970,000 after purchasing an additional 136,772 shares in the last quarter. SG Americas Securities LLC grew its position in shares of InterDigital by 89.8% during the 3rd quarter. SG Americas Securities LLC now owns 22,207 shares of the Wireless communications provider's stock worth $898,000 after purchasing an additional 10,505 shares in the last quarter. AlphaCrest Capital Management LLC grew its position in shares of InterDigital by 185.8% during the 3rd quarter. AlphaCrest Capital Management LLC now owns 20,360 shares of the Wireless communications provider's stock worth $823,000 after purchasing an additional 13,236 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of InterDigital by 49.0% during the 2nd quarter. Lazard Asset Management LLC now owns 1,998 shares of the Wireless communications provider's stock worth $121,000 after purchasing an additional 657 shares in the last quarter. Institutional investors and hedge funds own 83.97% of the company's stock.
About InterDigital (Get Rating)
InterDigital, Inc engages in the design and development of technologies that enable and enhance wireless communications, and capabilities. It focuses on mobile technology and devices, which includes cellular wireless technology, Internet of Things, technology, video coding & transmission, sensor and sensor fusion technology.
https://www.marketbeat.com/instant-alerts/nasdaq-idcc-analyst-earnings-estimates-2023-03-20/
InterDigital (IDCC) - Sidoti Virtual Conference Presentation
Description
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ, and is included in the S&P SmallCap 600.
Time: Mar 22, 2023 03:15 PM in Eastern Time (US and Canada)
https://sidoti.zoom.us/webinar/register/WN_N450qSSSRRO6RlIJowQwaw
Several of the Form 4's that were posted today imply to me that management thinks our inhouse legal team did very well last week.
By the way, during the past twenty years, I can't think of any court appeal that IDCC did not win.
Court Awards Nearly $140M To Patent Firm Outperforming The Market
by
Anusuya Lahiri, Benzinga Editor
March 17, 2023 12:09 PM | 1 min read
U.K.'s High Court ordered Lenovo Group Ltd
LNVGF
LNVGF
to pay $138.7 million to InterDigital, Inc
IDCC
-1.29%
+ Free Alerts
in settlement of a licensing dispute.
The Court urged Lenovo to pay the penalty for a license to InterDigital's portfolio of 3G, 4G, and 5G patents and pay in full for past sales dating back to 2007.
The Court will decide whether additional interest is due on the one-time payments.
"We welcome the Court's decision as the first major SEP FRAND judgment that recognizes that a licensee should pay in full for the past infringement of standard essential patents, and we agree with the Court that this could be a powerful way of guarding against patent holdout in the future," commented Josh Schmidt, Chief Legal Officer, InterDigital.
"However, we plan to appeal, as we believe that certain aspects of the decision do not accurately reflect our licensing program."
In January, InterDigital shared winning a critical decision from a U.K. court in the company's litigation against Lenovo.
The Court upheld the lower court decision, confirming that Lenovo infringed a valid and essential InterDigital cellular patent.
In July 2021, the U.K. High Court ruled that the patent-in-suit is valid, infringed, and essential to the 4G LTE standard.
IDCC has outperformed the market year-to-date. Invesco QQQ Trust
QQQ-0.55%
ETF representative of the Nasdaq index has gained 14.04% YTD, while the IDCC shares gained 48.39% YTD.
IDCC Price Action: IDCC shares traded lower by 1.32% at $73.45 on the last check Friday.
https://www.benzinga.com/news/23/03/31397817/court-awards-nearly-140m-to-patent-firm-outperforming-the-market
Lenovo Says UK High Court Rules In Its Favor In Ongoing Litigation With InterDigital
RTTNews
Mar. 16, 2023, 10:15 AM
(RTTNews) - PC and mobile maker Lenovo Group Ltd. (LNVGY.PK) announced Thursday that the UK High Court has ruled in Lenovo's favor in the ongoing litigation with InterDigital regarding license rates for 3G, 4G, and 5G patents.
This judgment reinforces the company's continued commitment as a willing licensee and validates the license rate Lenovo advocated for.
This is a landmark decision of a Court establishing a modern global FRAND (Fair, Reasonable, and Non-discriminatory) rate for Standard Essential Patents (SEP).
The Court's analyzed the cellular patent licensing history between InterDigital and others, supporting its determination that InterDigital's global cellular royalty rate should be $0.175 per unit.
https://markets.businessinsider.com/news/stocks/lenovo-says-uk-high-court-rules-in-its-favor-in-ongoing-litigation-with-interdigital-1032173180
LONDON (Reuters) - China's Lenovo Group Ltd must pay U.S. technology firm InterDigital Inc $138.7 million for a licence for its portfolio of telecommunications patents, London's High Court ruled on Thursday in the latest round of a long-running dispute.
InterDigital brought the lawsuit against Lenovo in 2019 over the terms on which Lenovo should take a licence of its patents which are essential to 3G, 4G and 5G standards.
The litigation, which has so far featured five separate trials, centres on the fair, reasonable and non-discriminatory (FRAND) terms of a licence for InterDigital's patents.
Judge James Mellor said in a written ruling on Thursday that previous offers made by both Lenovo and InterDigital – which had offered $337 million for a six-year licence – were not made on FRAND terms.
He said Lenovo should pay a $138.7 million "lump sum" to cover past and future sales of mobile devices from 2007 until the end of 2023.
Lenovo described the ruling as "a major win for the technology industry and the customers we serve".
John Mulgrew, Lenovo's chief intellectual property officer, said in a statement the decision "reinforces FRAND's critical role in facilitating transparent and equitable licensing practices for standardized technologies".
InterDigital's Chief Legal Officer Josh Schmidt welcomed what he said was the ruling's recognition that "a licensee should pay in full for the past infringement of standard essential patents".
However, he said in a statement: "We plan to appeal, as we believe that certain aspects of the decision do not accurately reflect our licensing program."
London-based patent lawyer Mark Marfe, who was not involved in the case, said the decision reinforced the High Court's willingness to grant a global FRAND licence.
China is the only other jurisdiction where courts have set global FRAND rates for so-called standard essential patents.
Marfe added that "all eyes will be on the Unified Patent Court", a common patent court for European Union member states which opens in June, to see whether it takes a similar approach.
(Reporting by Sam Tobin; Editing by Mark Potter)
UK High Court recognizes Lenovo as willing licensee in landmark FRAND case
Thu, March 16, 2023 at 9:48 AM EDT
LONDON, March 16, 2023--(BUSINESS WIRE)--Lenovo today announced that the UK High Court has ruled in Lenovo’s favor in the ongoing litigation with InterDigital regarding license rates for 3G, 4G, and 5G patents. This judgement reinforces the company’s continued commitment as a willing licensee and validates the license rate Lenovo advocated for.
This is a landmark decision of a Court establishing a modern global FRAND (Fair, Reasonable, and Non-discriminatory) rate for Standard Essential Patents (SEP).
Lenovo’s John Mulgrew, Vice President, Deputy General Counsel & Chief Intellectual Property Officer, welcomes the decision as follows:
"Lenovo thanks the Court for its judgment in InterDigital v. Lenovo. We see this as a major win for the technology industry and the customers we serve, as it underscores both the importance of fair, reasonable, and non-discriminatory terms for patent licensing and the requirement of transparency by patent holders engaged in licensing practices.
We are grateful for the Court’s careful and objective analysis of the cellular patent licensing history between InterDigital and others, supporting its determination that InterDigital’s global cellular royalty rate should be $0.175 per unit. With this judgment, the Court has confirmed that Lenovo is, and always has been, a willing licensee – even in the face of InterDigital’s supra-FRAND offers and behavior as an unwilling licensor.
In the meantime, we are pleased that this judgment reinforces FRAND’s critical role in facilitating transparent and equitable licensing practices for standardized technologies – enabling the proliferation of affordable innovation to customers around the world."
The full judgement will be available on the National Archive website later today under case number is HP-2019-000032.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230316005489/en/
Contacts
Stuart Gill
sgill@lenovo.com
InterDigital sues OPPO in the UK, India and Germany over 3G/4G/5G and HEVC
2023-03-12 10:26 HKT
Remember the Christmas lawsuit between Ericsson and Samsung at this time last year? At that time, the two license agreements expired, but the new negotiations have not progressed. So Samsung took the lead in issuing a unilateral counterclaim injunction "Christmas gift" to Ericsson in the Wuhan Intermediate Court.
Ericsson was even better. During the Christmas holiday in the United States, the Texas court successfully issued a counter-suit injunction to Samsung for overtime on December 28 and responded with a "Christmas gift". The energy behind it can be seen.
But the dispute between the two companies was quickly over within half a year. But this "Christmas gift" stalk left is probably remembered by others.
I wonder if each family wants to carry forward this "SEP Christmas gift" tradition?
Just now, the documents disclosed by InterDigital to the US SEC show that on December 20th and 22nd, it has sued the Chinese OPPO company and its affiliated companies OnePlus and Realme in the UK, India and Germany, accusing it of infringing on InterDigital. 3G, 4G/LET and 5G patents, as well as HEVC patents, and seek injunctions.
Although it is very likely that there is no direct connection between InterDigital and Nokia, this kind of "group" to sue a company will obviously consume OPPO's internal resources, because fighting a lawsuit consumes the fighting power of the corporate IP department.
From the OPPO point of view, this is currently the only Chinese company that has rushed forward to resist the "5G reasonable rate" of foreign rights holders. Therefore, the joining of InterDigital this time makes me think that this is not an attempt by Western rights holders to join forces. A move to encircle and suppress China's "pioneer" rushing forward.
Because the future 5G coverage is too wide, the US think tank had a special report in November to recommend to the US government , so if the 5G rate OPPO fails to take the lead in setting a reasonable range, I am afraid that many Chinese companies will have to follow suit.
Since 2019, InterDigital has sued Huawei, Lenovo and Xiaomi, all in the United Kingdom. It seems that InterDigital prefers the rulings of the British courts.
On August 3 this year , it reached a settlement with Xiaomi and also signed a package license agreement including 3G, 4G, 5G, WiFi and HEVC video technology.
The litigation with Lenovo is still ongoing. In a latest ruling in a British court on the 16th of this month, a British judge rejected InterDigital's request for an injunction against Lenovo, but this is only one of the five patent litigations of both parties. The "bad war" between the two sides is still going on.
Therefore, InterDigital continues to sue OPPO before completing the litigation with Lenovo, which is also a considerable expense for it.
But in order to receive royalties, InterDigital also has a budget for "war" each year.
For example, its financial report shows that in 2019, InterDigital filed a lawsuit with ZTE, Huawei and Lenovo, and sued Xiaomi in 2020. This has caused InterDigital's IP enforcement costs in 2020 to rise from US$25.4 million in 2019 to US$28.6 million, accounting for 17% of its total patent management and licensing costs (US$170.2 million) in 2020.
According to InterDigital's financial report, in 2020, revenue from Apple, Samsung, and Huawei accounted for 31%, 22%, and 15% of its license fee income that year, reaching 111.7 million U.S. dollars, 78.5 million U.S. dollars and 52.1 million U.S. dollars, respectively. The fourth place LG contributed more than 30 million U.S. dollars.
So it's not clear whether this is a battle for Christmas gifts, or whether InterDigital also wants to learn from China's surprise spending at the end of the year.
https://min.news/en/digital/8c6eabc7dcfa4b5a0a24a5fda385c07c.html
.@InterDigitalCom CEO Liren Chen welcomed our group and presented #AI-enabled solutions that improve smart devices and network behaviours. We controlled remotely a ?? robotic arm and learned about ??? video codec innovations for seamless immersive experiences.
2/27/23
InterDigital : How patent holdout is moving up the agenda
02/22/2023 | 03:59pm EST
here's no doubt that the problem of patent holdout and the threat that it poses to the innovation economy is becoming a more prominent topic for debate. In several recent European court cases, judges have highlighted the problems of holdout and there is a growing body of academic research that has analyzed this issue.
Holdout will be one of the topics for discussion this month at a Symposium hosted by the Haas School of Business at UC-Berkeley. The Symposium, titled "The Impact of the Patent System on Markets for Technology," will examine how to promote understanding of, and tackle problems in, technology licensing.
The event comes amid growing concerns about obstacles to the licensing of patents, in particular standard essential patents (SEPs). Patent holdout occurs when implementers launch products and services and then delay or decline to take a license to the patented technologies in their devices. The result is that the innovator cannot capture value from their patented technologies in a timely manner and may not be fairly compensated for their investment in R&D. Additionally, implementers who play by the rules may find themselves disadvantaged compared to competitors that holdout.
Patent holdout has been exacerbated in recent years by a range of factors including a decline in injunctive relief and a general weakening of IP rights in the US, and by attempts to use antitrust laws against SEP owners. Many patent practitioners and IP-owning companies are concerned these initiatives undermine innovation and disrupt the balance of the global IP system.
Holdout is often seen in industries that require interoperability based on technical standards, such as smartphones and the Internet of Things, where patent owners that participate in the development of these standards agree to license their SEPs on fair, reasonable and non-discriminatory (FRAND) terms. These standards are generally accessible by all and, because patents are not self-enforcing rights, implementers can offer products and services that use patented and standardized technologies even if these implementers delay or resist taking a FRAND license. Examples of patent holdout include refusing to negotiate, regularly postponing or canceling meetings, making unreasonable requests regarding license terms and royalties, and obstructing litigation.
The upcoming Symposium reflects the growing global focus on the role that patents play in building a knowledge economy and promoting innovation as a tool for growth. By facilitating the transfer of knowledge and enabling organizations to specialize at different stages of the value chain, a well-functioning patent system provides incentives to invest and contributes to efficient markets. It also helps to level the playing field between small, start-up companies and those that have much bigger resources.
However, when the patent system is weakened, implementers may view it as economically rational to hold out, disrupting the balance within the system. This provides obstacles to technology development, damages the incentive to innovate, and means that important technical contributions are not rewarded.
This issue has become more complex given the globalization of technology markets, and the different approaches taken by policy makers and judges in various jurisdictions in Europe, China, and India, as well as the U.S. One fear is that innovative companies will naturally gravitate to whichever country has the most balanced patent system-and at the moment that does not look like being the U.S.
A transaction-based knowledge economy depends on a robust IP system that encourages the division of labor and makes it rational to negotiate and to promote good faith discussions between parties. This Symposium promises to provide new perspectives on how we can achieve that.
InterDigital Inc. published this content on 21 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2023 20:58:05 UTC.
© Publicnow 2023
https://www.marketscreener.com/quote/stock/INTERDIGITAL-INC-9632/news/InterDigital-How-patent-holdout-is-moving-up-the-agenda-43057297/
Short interest as of 2/15/23:
3.26m shares, up from 2.56m.
No Further Action Following Breach Of An Embargo In Respect Of A Reserved Court Of Appeal Judgment (InterDigital Technology Corporation V Lenovo Group Ltd)
02/22/2023 | 05:12am EST
Dispute Resolution analysis: The Court of Appeal has considered a further case in which a litigant has breached the embargo imposed on reserved judgments. In light of the nature of the breach in this case and the response to it, no sanctions were imposed and no further investigations were required.
InterDigital Technology Corporation v Lenovo Group Ltd [2023] EWCA Civ 57
What are the practical implications of this case?
This judgment concerns litigation between InterDigital and Lenovo, pursuant to which Lenovo challenged the validity and essentiality of a patent belonging to InterDigital. The patent was held to be valid at trial and Lenovo appealed. The appeal was heard on 14 and 15 December 2022. On Friday 13 January 2023, judgments were circulated in draft following the practice set out in PD40E. The drafts included the usual heading warning the parties that the draft was "confidential to the parties and their legal representatives", that "neither the draft itself nor its substance may be disclosed to any other person or made public in any way" and that "a breach of any of these obligations may be treated as a contempt of court". The draft was initially sent to the parties' counsel, counsel's clerks and one representative of each of the solicitors' firms. Counsel's clerks then forwarded the drafts on to two other solicitors at the firm representing InterDigital, Gowling WLG. Gowling circulated the draft on to individuals at InterDigital in a manner which was not criticised and, in so doing, reminded the individuals in the strongest terms about the need to keep the drafts confidential. Mr Steve Akerley, the Deputy General Counsel and Head of Intellectual Property at InterDigital saw the email from Gowling on his mobile phone. Without forwarding the drafts, Mr Akerley informed Mr Mike Levin, a solicitor at Wilson Sonsini Goodrich & Rosati of the outcome of the appeal. He told Mr Levin that the information was confidential but he could tell the core team at Wilson Sonsini Goodrich & Rosati. That team had been working cooperatively on the litigation but was not the legal representative in the litigation itself. That was Gowling. On Sunday 15 January 2023, Mr Levin congratulated a solicitor at Gowling on the outcome of the appeal. Gowling immediately recognised that this was evidence that there had been a breach of the embargo and took steps to notify the Court of Appeal.
What did the court decide?
he Court of Appeal noted that Mr Akerley candidly recognised that what he had done was in breach of the embargo. They took on board Mr Akerley's explanation that he had received the draft judgment on his mobile phone and in his eagerness to learn the outcome had failed to head the clear warnings given to him in the covering email drafted by Gowling. There was no intention on the part of Mr Akerley to flout the embargo. Nevertheless, liability for contempt of court is argued to be strict in certain commentaries. The Court of Appeal concluded, therefore, that Mr Akerley's actions may have been a contempt. However, in light of the circumstances as a whole, including the limited nature of the illegitimate disclosures to professionals associated with the case, the fact the draft judgment itself was not sent, the lack of public disclosure and the fact the illegitimate disclosures themselves were effected with their own warning to preserve confidence, it was not appropriate for any further steps to be taken in relation to this matter. Mr Akerley accepted his errors and apologised. Any further investigations would be disproportionate to any need to uphold the Court's authority.
Case details
<ul
Court: Court of Appeal (Civil Division)
Judge: Lord Justice Birss, Lord Justice Warby and Lady Justice Falk
Date of judgment: 30 January 2023
Originally published by LexisNexis.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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https://www.marketscreener.com/quote/stock/LENOVO-GROUP-LIMITED-1412726/news/No-Further-Action-Following-Breach-Of-An-Embargo-In-Respect-Of-A-Reserved-Court-Of-Appeal-Judgment--43049483/
MWC Barcelona 2023 will be a four-day event that will commence on Monday, February 27, 2023, and continue through Thursday, March 2, 2023. The event will be hosted at Fira Gran Via in Barcelona.
InterDigital, Lenovo and Oppo will be in attendance for the Mobile World Conference in Barcelona next week.
https://www.mwcbarcelona.com/
My3sons87 - It's my understanding that 1st quarter's per share financials are calculated using the average of the number of outstanding shares at the beginning of the period and the number of outstanding shares at the end of the period. So per share amounts from the Dutch Auction will effect both 1st and 2nd quarter reports.
You asked: Will the 1st qtr earnings be measured against the reduced shares remaining after the Dutch auction? If so the per share earnings would be higher as there are less shares.
InterDigital, Inc. Announces Final Results of Tender Offer
WILMINGTON, DEL. — February 23, 2023 — InterDigital, Inc. (Nasdaq: IDCC) (“InterDigital” or the “Company”) announced today the final results of its modified “Dutch auction” tender offer to purchase up to $200 million of its common stock for cash at a price per share not less than $65.25 and not greater than $75.00, which expired at 11:59 p.m., New York City time, on February 17, 2023.
Based on the final count by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, InterDigital has accepted for purchase 2,739,726 shares of its common stock at a price of $73.00 per share, for an aggregate cost of approximately $200 million, excluding fees, expenses and excise tax relating to the tender offer. The repurchased shares represent approximately 9.2% of the Company’s shares outstanding as of February 17, 2023. As such, the Company has been informed by the depositary that the final proration factor for the tender offer is approximately 95.80%.
American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, will promptly issue payment for the shares of InterDigital common stock validly tendered and accepted for purchase in the tender offer, and will return all other shares tendered and not purchased in the tender offer.
The Company may, in the future, decide to purchase additional shares of our common stock (or shares of securities convertible into or exercisable for shares of our common stock) in the open market subject to market conditions and private transactions, tender offers or otherwise subject to applicable law. Any such purchases may be on the same terms as, or on terms that are more or less favorable to stockholders than, the terms of the tender offer. Whether the Company makes additional repurchases in the future will depend on many factors, including but not limited to the Company’s business and financial performance and situation, the business and market conditions at the time, including the price of shares of the Company’s common stock, and such other factors as the Company may consider relevant.
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
And Interdigital Inc (Symbol: IDCC) saw options trading volume of 4,859 contracts, representing approximately 485,900 underlying shares or approximately 91.1% of IDCC's average daily trading volume over the past month, of 533,410 shares. Particularly high volume was seen for the $85 strike put option expiring March 17, 2023, with 3,745 contracts trading so far today, representing approximately 374,500 underlying shares of IDCC. Below is a chart showing IDCC's trailing twelve month trading history, with the $85 strike highlighted in orange
https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity:-cinc-aciw-idcc
InterDigital Honors Wireless and Video Innovation Leaders Paul Marinier and Karam Naser as Inventors of the Year
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), one of the world’s largest pure research and innovation companies driving innovation in wireless and video, annually honors the company’s outstanding inventors to celebrate the depth of their ingenuity and impact of their innovation. This year, InterDigital has named both Paul Marinier and Karam Naser as winners of the 2023 Inventor of the Year award, selected for their critical research and inventions that have guided wireless evolution and enabled new possibilities for delivering and enjoying video content.
Inventors are the cornerstone of InterDigital’s innovation, and the Inventor of the Year award celebrates researchers and innovators who have made exceptional contributions to enabling, growing, and discovering new solutions for the connected ecosystems upon which we all depend. The innovation impact of this year’s winners Paul Marinier and Karam Naser can be seen within the foundational infrastructure and global standards that make wireless and video technologies what they are today.
“Recognized as one of the world’s most innovative companies, InterDigital is driven by world-class engineers and inventors like Paul and Karam who deeply understand the wireless and video ecosystems and have displayed the expertise to improve them by solving challenging problems that others cannot,” said Liren Chen, President and CEO at InterDigital. “This year’s Inventor of the Year award winners are celebrated not only for the depth and breadth of their patented innovations but also for their leadership and contributions to standards that deliver impact to our technology ecosystem at large.”
InterDigital 2022 Inventor of the Year Award Winners
Paul Marinier
With more than two decades of innovation impact, Paul Marinier’s inventions and contributions to global standards have helped shape the path of wireless evolution from 3G to 4G to 5G and beyond. Since 2001, Paul has developed more than 425 U.S. and 3,150 worldwide granted patents that help comprise the foundation for our wireless experiences today, enabling increased data rates, reduced latency, ultra-reliability, and power efficiency for improved battery life for the plethora of devices, industries, and experiences that drive our connected world.
As an inventor, Paul is motivated by a deep curiosity to find practical solutions for real world problems, and he enjoys the practice of collaborating with peers to build solutions with an impact far greater than the sum of its parts. Alongside his longstanding contributions to 3GPP wireless standards, Paul's significant innovations in spectrum aggregation solutions and contributions to wireless features like ultra-reliable low latency communications (URLLC) have paved a way for networks to reduce latency and support extreme high data rates for emerging use cases like AR and XR, immersive gaming, remote operations, connected industries and more.
Highly revered amongst his peers in research and standards, Paul’s innovation trajectory is synonymous with wireless evolution and his patented inventions can be seen across critical wireless releases. The quality of his innovation and the quantity of his contributions ensure that Paul’s impact is felt through 5G and well beyond.
Karam Naser
Karam Naser has dedicated his research expertise to developing new algorithms and innovative solutions that improve state-of-the-art video compression standards. A named inventor in 540 patent applications, Karam is already driving significant impact in the evolution of video compression capabilities.
With a fondness for math and research that produces clear, objective results, Karam has committed his career to understanding the complex world of video compression and developing advanced coding algorithms to efficiently deliver increasingly data-dense video content. His work addresses the critical question of how to squeeze additional coding efficiency improvements from modern codecs which are already incredibly sophisticated and highly efficient, and his contributions to the Versatile Video Coding (VVC) standard and research into next-generation video coding enable new compression technologies that can enhance compression efficiency beyond state-of-the-art solutions. Among his inventions, Karam leads innovation in transform coding, which uses complex mathematical algorithms to convert video pixels into essential components for more efficient transmission and decoding in devices, and intra-prediction, which compresses components of a video image without referencing previously coded images, to facilitate efficient transfer of video content without sacrificing quality. In sum, his innovations help us more efficiently deliver video, whether streaming a video conference or playing an immersive game on the go.
Karam has quickly gained recognition and respect within video standards as a leading contributor to the JVET group and active contributor of diverse compression algorithms to MPEG. His research leadership has helped to shape important innovation in video compression and build a framework to support both today’s traditional video services and emerging interactive and immersive experiences of the future.
InterDigital’s Inventor of the Year award is granted to outstanding inventors whose innovation impact is reflected in both quantity and industry influence. To learn more about this year’s winners, please click here.
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.InterDigital.com
InterDigital Contact:
Roya Stephens
Email: Roya.Stephens@interdigital.com
+1 (202) 349-1714
InterDigital To Demonstrate Wireless, Video, and AI/ML Innovation Shaping Connected Ecosystems at Mobile World Congress
Source: GlobeNewswire Inc.
The connected ecosystems of today and the future are all underpinned by wireless and video technologies that make virtual experiences seamless, immersive, and realistic. InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced the innovative technologies, solutions, and perspectives they will showcase at Mobile World Congress 2023 in Barcelona and detail how their suite of technologies help shape the foundation for a future of connected devices, spaces, and ecosystems.
Located at Hall 7 Stand 7B31, InterDigital will showcase their cutting-edge research and industry collaborations that leverage AI/ML to enhance wireless network behaviors beyond 5G to enable bandwidth and latency required for immersive use cases, provide rendering and delivery solutions for high quality HDR content, and shape standards for immersive and sensory-enhanced video experiences.
“We are excited to return to Mobile World Congress to showcase the inventions, research collaborations, and standards contributions that define InterDigital’s innovation impact and bring us all closer to an exciting future of immersive and connected experiences,” said InterDigital Chief Technology Officer Rajesh Pankaj. “InterDigital continues to lead innovation in foundational wireless technologies and video codecs and pioneer research in the ways AI/ML can be applied to critical network components to better enable the myriad devices, services, and experiences that comprise the connected ecosystems of today and tomorrow.”
InterDigital’s presence at Mobile World Congress 2023 spotlights the critical innovations in video and wireless, with the complement of AI/ML, that enable exciting and immersive connected ecosystems and experiences:
Smarter UE and Network Behaviors for 5G and Beyond Applications – InterDigital will demonstrate innovative solutions that leverage AI/ML to enhance 5G networks and improve user experience under radio link degradation. Demonstrating how InterDigital’s enhancements help overcome adverse network conditions that affect user experiences, visitors are invited to conduct a real-time XR task over an enhanced and emulated 5G network, provided by Anritsu, by remotely and seamlessly controlling a robotic arm via live video feed.
Immersive Codecs Enabling Future XR Experiences – InterDigital’s contributions to MPEG Immersive codecs are integral to future XR experiences. Bandwidth-heavy video-based volumetric content can be seamlessly and efficiently streamed over an enhanced 5G network using open video standards like video point cloud compression (V-PCC) and can enable sensory-enhanced experiences with the MPEG-Haptics standard.
Ensuring Quality Streaming and Rendering for 4K HDR Video – High-quality video content is a critical component of realistic, immersive virtual ecosystems. Alongside contributions to MPEG standards, InterDigital will showcase how our video expertise in VVC and SL-HDR technology helps deliver the highest streaming and rendering quality for 4K HDR video.
Encouraging Seamless Digital Representation for Connected Communications - One of InterDigital’s innovation efforts is to support a single virtual representation of users in any connected environment. InterDigital engineers will showcase their contributions to disruptive avatar-related technologies and standards, including MPEG’s 3D reference model for a humanoid avatar.
Alongside the diverse demo showcase, InterDigital’s Head of Wireless Labs Milind Kulkarni will be a featured speaker on the Mobile World Congress “5G, AI, and XR for New Immersive Experiences” conference session. Taking place on Stage C on Wednesday March 1 from 1:15 – 2:15pm CET, experts from InterDigital, Ericsson, Qualcomm, and others will outline the technologies and innovations in AI/ML, 5G and beyond, and XR to shape a new frontier of immersive experiences.
You can visit InterDigital at Mobile World Congress Barcelona at Hall 7 Booth 7B31. You can register to attend Mobile World Congress here.
About InterDigital ®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Roya Stephens
Email: Roya.Stephens@interdigital.com
+1 (202) 349-1714
Findings from InterDigital Inc. Yields New Findings on Telecommunications (Facetunegan: Face Autoencoder for Convolutional Expression Transfer Using Neural Generative Adversarial Networks): Telecommunications
[ NewsRx.com/Telecommunications Weekly]
Released: Monday, February 13, 2023 12:00 AM2023 FEB 13 (NewsRx) -- By a News Reporter-Staff News Editor at Telecommunications Daily -- Current study results on Telecommunications have been published. According to news reporting from Paris, France, by NewsRx journalists, research stated, "In this paper, we present FaceTuneGAN, a new 3D face model representation decomposing and encoding separately facial identity and facial expression. We propose a first adaptation of image-to-image translation networks, that have successfully been used in the 2D domain, to 3D face geometry."
Financial supporters for this research include French National Research Agency (ANR), European Commission.
The news correspondents obtained a quote from the research from InterDigital Inc., "Leveraging recently released large face scan databases (FaceScape and CoMA), a neural network has been trained to decouple factors of variations with a better knowledge of the face, enabling facial expressions transfer and neutralization of expressive faces. Specifically, we design an
adversarial architecture adapting the base architecture of FUNIT and using SpiralNet++ for our convolutional and sampling operations. Applied on these two datasets, FaceTuneGAN has a better identity decomposition and face neutralization than state-of-the-art techniques."
According to the news reporters, the research concluded: “It also outperforms classical deformation transfer approach by predicting blendshapes closer to ground-truth data and with less of undesired artifacts due to too different facial morphologies between source and target.(."
This research has been peer-reviewed.
For more information on this research see: Facetunegan: Face Autoencoder for Convolutional Expression Transfer Using Neural Generative Adversarial Networks. Computers & Graphics, 2023;110:69-85. Computers & Graphics can be contacted at: Pergamon-elsevier Science Ltd, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, England. (Elsevier - www.elsevier.com; Computers & Graphics - http://www.journals.elsevier.com/computers-and-graphics/)
Our news journalists report that additional information may be obtained by contacting Quentin Avril, InterDigital Inc., Paris,
France. Additional authors for this research include Nicolas Olivier, Kelian Baert, Fabien Danieau and Franck Multon.
HPA 2023: Advanced HDR by Technicolor Offers Efficient and Cost-Effective Path to Enhancing Production and Distribution of Live, Episodic and Theatrical Content
by PRNewswire
February 20, 2023 7:15 PM | 4 min read
The Advanced HDR by Technicolor team demonstrates its latest solutions to enable the transition from today's complex environment to an all-HDR future in a creatively faithful, technically viable and economically rational manner.
PALM SPRINGS, Calif., Feb. 20, 2023 /PRNewswire-PRWeb/ -- Significant new developments in the conversion of standard dynamic range (SDR) content libraries to high dynamic range (HDR) along with the distribution of live broadcasts -- especially sports -- are opening new frontiers of opportunity for the entertainment technology industry. So say Marty Gordon, vice president of brand partnerships at Philips, and Nick Mitchell, media solutions specialist with InterDigital in a podcast interview for journalists held during the HPA 2023 Tech Retreat this week in Palm Springs Calif.
HDR, explains Gordon, is making rapid progress in replacing legacy SDR as the next generation of TVs, streaming services and broadcast technologies enter the market.
"HDR is already a mainstream element in the development of episodic and cinematic productions, which is why analysts at Allied Market Research are projecting that the high dynamic range market will reach $126.74 billion (US) by 2030," says Gordon. "High dynamic range -- and many of the immersive formats we're seeing emerge in the industry -- amplify the creative palette. This ultimately results in a more immersive and impactful experience."
HDR specifically enables a broader range of colors and brightness offering new ways to control the viewing experience much more succinctly on screen. This means the contrast between the darkest darks and the brightest whites delivers a more lifelike, vibrant image. The greater nuance in bright and dark shades helps preserve detail, so the experience is far more immersive, engaging and life-like for consumers.
"For consumers, HDR absolutely provides a point of differentiation. When it comes to HDR, seeing really is believing. Once consumers experience HDR, it is very difficult for them to go back to standard dynamic range. Today, more and more consumers are hungry for premium in-home entertainment experiences, and HDR is increasingly seen by consumers as integral to meeting their growing expectations," says Mitchell.
A Technically Elegant and Cost-Effective Path to HDR
The key question on the minds of the entertainment technology ecosystem -- across the spectrum of content production, distribution and consumption -- is how to manage the transition from today's complex environment to an all-HDR future in a creatively faithful, technically viable and economically rational manner.
"It is important to understand the available content and the devices content providers and developers want to target. For studios with large libraries of material, ensuring that an HDR grade is available on all of the content in their portfolios can be incredibly costly and time-consuming if it is not approached in a strategic manner," explains Mitchell.
Another critical factor to consider while conducting these conversions is the ability to preserve the creative intent of the content. This is always important when dealing with content libraries. But it is also critical as the business models for digital entertainment distribution evolve.
"For instance, if the conversions from SDR to HDR are being performed in the context of advertising supported delivery environments, it is critical to take into account the intent of brands or advertisers who may play a role in the financing or the budgeting of that content," he cautions.
Putting Advanced HDR by Technicolor into Context
Advanced HDR by Technicolor, which features a unique intelligent tone management (ITM) toolset, enables high quality, dynamic, and real-time expansion of standard dynamic range to high dynamic range that preserves that creative and brand intent.
"Known as the SL-HDR format in the technical and standards-setting communities, Advanced HDR by Technicolor provides broadcasters and distributors with a single inventory distribution format to serve both SDR and HDR devices without any creative compromises. It saves infrastructure and delivery costs along the way," says Mitchell.
The single stream production and distribution features of Advanced HDR by Technicolor make it a cost-effective solution for ensuring that the highest quality productions maintain their integrity across today's heterogeneous SDR/HDR environment.
"During HPA we are planning to have conversations with streamers, advertisers -- really anybody that is using streaming technology -- to help people understand where Advanced HDR by Technicolor can be put into place to enhance the services they offer and the value they deliver to consumers around the world. It's really important for leaders in the creative community to understand that HDR is an entertainment technology that will elevate value delivered to consumers in a cost-effective manner," concludes Mitchell.
To learn more, visit: https://bit.ly/QA-NickMitchell
Media Contact
Airrion Andrews, Advanced HDR by Technicolor, +1 202 669 7416, airrion@mindsharecapture.com
SOURCE Advanced HDR by Technicolor
https://www.benzinga.com/pressreleases/23/02/n30979836/hpa-2023-advanced-hdr-by-technicolor-offers-efficient-and-cost-effective-path-to-enhancing-product
As for me, please continue with the options discussion. EOM
Revised Question: When is settlement date for those that actually chose to participate in the Dutch Auction as defined by InterDigital? I forgot that Banks are closed for President's Day on Monday, February 20th. So I have revised my assumption that settlement date will be Wednesday, February 22nd. Can anyone confirm that this is correct?
Previously posted:
Question: When is settlement date for those that actually chose to participate in the Dutch Auction as defined by InterDigital? I assume that it is Tuesday, February 21st.
Question: When is settlement date for those that actually chose to participate in the Dutch Auction as defined by InterDigital? I assume that it is Tuesday, February 21st.
InterDigital (IDCC) Gets a Sell from Bank of America Securities
Catie Powers
Feb 16, 2023, 05:45 AM
In a report released yesterday, Tal Liani from Bank of America Securities reiterated a Sell rating on InterDigital (IDCC – Research Report), with a price target of $55.00. The company’s shares closed yesterday at $74.53.
Liani covers the Technology sector, focusing on stocks such as Amdocs, Cisco Systems, and F5 Networks. According to TipRanks, Liani has an average return of 6.9% and a 53.14% success rate on recommended stocks.
InterDigital has an analyst consensus of Moderate Buy, with a price target consensus of $80.00.
The company has a one-year high of $74.60 and a one-year low of $39.69. Currently, InterDigital has an average volume of 323.4K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
InterDigital, Inc. engages in the design and development of technologies that enable and enhance wireless communications, and capabilities. It focuses on mobile technology and devices, which includes cellular wireless technology, Internet of Things, technology, video coding & transmission, sensor and sensor fusion technology. It also offers digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks. The company was founded by Seligsohn I. Sherwin in 1972 and is headquartered in Wilmington, DE.
https://www.tipranks.com/news/blurbs/interdigital-idcc-gets-a-sell-from-bank-of-america-securities?utm_source=webullapp.com&utm_medium=referral
Any firm updating their coverage before knowing the new amount of outstanding shares remaining after the Dutch Auction is doing a disservice to their audience and their firm's reputation. Totally self serving on their behalf.
Bank of America was represented this morning by Jonathan
Eisenson on the Conference call rather than Tai Liani. EOM
Vegas Options - I need to wait to see the transcript from this mornings presentation, but I don't think that was Tai Liani from Bank of America that was asking those questions.
Something else that I have been mistaken about is a possible sale of some patents. From the recent 10-K:
During 2022, we determined patent sales are no longer a part of the company’s on-going central operations and therefore will no longer be accounted for as revenue. We had no patent sales during 2022 or 2021 and $0.6 million of patent revenues during 2020.
Vegas Options - I am surprised to see that no stock was repurchased during the fourth quarter.
InterDigital (NASDAQ:IDCC) reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $0.73 by 47.95 percent. This is a 54.29 percent increase over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $117.06 million which beat the analyst consensus estimate of $109.94 million by 6.47 percent. This is a 4.69 percent increase over sales of $111.81 million the same period last year.
InterDigital Reports Fourth Quarter And Full Year 2022 Financial Results
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced results for the fourth quarter and full year ended December 31, 2022.
“We are thrilled to have delivered another excellent performance in 2022, highlighted by record setting level of recurring revenue of almost $404 million, Samsung’s recent agreement for binding arbitration to take a new license following Apple’s renewal in third quarter, and outstanding performance in consumer electronics, IoT/Auto licensing,” commented Liren Chen, President and CEO, InterDigital. “Building on the strength of last year and looking ahead to 2023 and beyond, I believe we are well positioned to deliver further growth in our smartphone core, build on our increasing momentum in consumer electronics and IoT/Auto, and capitalize on new opportunities in services that are built on our foundational innovations.”
Fourth Quarter 2022 Financial Highlights, as compared to Fourth Quarter 2021:
Total revenue was $117.1 million and increased 5%.
Recurring revenue was $103.6 million and increased 2%.
Operating expenses were $78.5 million and decreased 9%. The decrease was primarily driven by a reduction of non-recurring costs from restructuring activities.
Net income1 was $32.4 million and increased 48%.
Diluted earnings per share was $1.08 and increased 54%.
Adjusted EBITDA2 was $64.9 million and increased 8%.
Full Year 2022 Financial Highlights, as compared to Full Year 2021:
Total revenue was $457.8 million and increased 8%. Total Smartphone revenue of $353.2 million was flat, while CE, IoT/Auto revenue was $103.5 million and increased 51%.
Recurring revenue was $403.9 million and increased 15%. Smartphone recurring revenue was $351.1 million, and increased 11%, and CE, IoT/Auto recurring revenue was $51.7 million and increased 63%.
Operating expenses were $307.3 million and decreased 13%. The decrease was primarily driven by cost-savings actions the company initiated in 2021 and reduction of the related non-recurring costs.
Net income1 was $93.7 million and increased 69%.
Diluted earnings per share was $3.07 and increased 73%.
Adjusted EBITDA2 was $254.5 million and increased 22%.
Near-Term Outlook
The company expects recurring revenue for first quarter 2023 will be between $94 and $98 million. This range covers existing agreements and includes a conservative estimate that the company will recognize under its binding arbitration agreement with Samsung. It does not include the potential impact of any new agreements that may be signed during the balance of first quarter 2023.
The company expects first quarter 2023 operating expenses will be in the range of $75 to $79 million. In addition, the company expects non-operating expenses, comprised of interest expense and other income (expense), will be in the range of $1 to $3 million and the effective tax rate will be approximately 25%.
Conference Call Information
InterDigital will host a conference call on Wednesday, February 15, 2023 at 10:00 a.m. ET to discuss its fourth quarter and full year 2022 financial performance and other company matters.
For a live Internet webcast of the conference call, visit www.interdigital.com and click on the “Webcast” link on the Investors page. The company encourages participants to take advantage of the Internet option.
For telephone access to the conference call, visit www.interdigital.com and click on the “Dial In Registration” link on the Investors page. Registration is necessary to obtain a dial in phone number and PIN to join.
An Internet replay of the conference call will be available on InterDigital’s website under Events in the Investor’s section. The replay will be available for one year.
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit the InterDigital website: www.interdigital.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations, including, without limitation, our belief that we will continue to be able to execute strongly on our business during the ongoing COVID-19 pandemic. Words such as “believe,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “forecast,” “goal,” “could,” "would," "should," "if," "may," "might," "future," "target," "trend," "seek to," "will continue," "predict," "likely," "in the event," and variations of any such words or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are made on the basis of management’s current views and assumptions and are not guarantees of future performance. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results, and actual events that occur, to differ materially from results contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) unanticipated delays, difficulties or accelerations in the execution of patent license agreements; (ii) our ability to leverage our strategic relationships and secure new patent license agreements on acceptable terms; (iii) our ability to enter into sales and/or licensing partnering arrangements for certain of our patent assets; (iv) our ability to enter into partnerships with leading inventors and research organizations and identify and acquire technology and patent portfolios that align with our roadmap; (v) our ability to commercialize our technologies and enter into customer agreements; (vi) the failure of the markets for our current or new technologies to materialize to the extent or at the rate that we expect; (vii) unexpected delays or difficulties related to the development of our technologies; (viii) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the 2017 Tax Cuts and Jobs Act, as well as further guidance that may be issued regarding such act; (ix) risks related to the potential impact of new accounting standards on our financial position, results of operations or cash flows; (x) failure to accurately forecast the impact of our restructuring activities on our financial statements and our business; (xi) the resolution of current legal proceedings, including any awards or judgments relating to such proceedings, additional legal or regulatory proceedings, changes in the schedules or costs associated with legal proceedings or adverse rulings in such proceedings; (xii) the timing and impact of potential administrative and legislative matters; (xiii) changes or inaccuracies in market projections; (xiv) our ability to obtain liquidity though debt and equity financings; (xv) the potential effects that macroeconomic uncertainty could have on our financial position, results of operations and cash flows; (xvi) changes in our business strategy; (vii) changes or inaccuracies in our expectations with respect to royalty payments by our customers and (xviii) risks related to our assumptions and application of relevant accounting standards, including with respect to revenue being recognized under our binding arbitration agreement with Samsung.
We undertake no duty to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.
Footnotes
1 Throughout this press release, net income and diluted earnings per share (“EPS”) are attributable to InterDigital, Inc. (e.g., after adjustments for non-controlling interests), unless otherwise stated.
2 Adjusted EBITDA is a supplemental non-GAAP financial measure that InterDigital believes provides investors with important insight into the company's ongoing business performance. InterDigital defines Adjusted EBITDA as net income attributable to InterDigital, Inc. plus net loss attributable to non-controlling interest, income tax (provision) benefit, other income (expense) & interest expense, depreciation and amortization, share-based compensation, and other items. Other items may include restructuring costs, impairment charges and other non-recurring items. InterDigital’s computation of Adjusted EBITDA might not be comparable to Adjusted EBITDA reported by other companies. The presentation of Adjusted EBITDA, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of Adjusted EBITDA to net income attributable to InterDigital, Inc., the most directly comparable GAAP financial measure, is provided below.
3 Free cash flow is a supplemental non-GAAP financial measure that InterDigital believes is helpful in evaluating the company’s ability to invest in its business, make strategic acquisitions and fund share repurchases, among other things. A limitation of the utility of free cash flow as a measure of financial performance is that it does not represent the total increase or decrease in the company’s cash balance for the period. InterDigital defines free cash flow as net cash used in operating activities less purchases of property and equipment and capitalized patent costs. InterDigital’s computation of free cash flow might not be comparable to free cash flow reported by other companies. The presentation of free cash flow, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of free cash flow to net cash used in operating activities, the most directly comparable GAAP financial measure, is provided below.
SUMMARY CONSOLIDATED STATEMENTS OF INCOME
(in thousands except per share data)
(unaudited)
For the Three Months
Ended December 31, For the Twelve Months
Ended December 31, 2022 2021 2022 2021 REVENUES: Recurring revenues: Smartphone$88,742 $91,397 $351,064 $315,098 CE, IoT/Auto 14,677 9,770 51,717 31,721 Other 197 414 1,107 4,881 Total recurring revenues 103,616 101,581 403,888 351,700 Non-recurring revenues 13,439 10,234 53,906 73,709 Total revenues$117,055 $111,815 $457,794 $425,409 OPERATING EXPENSES: Research and portfolio development 45,732 48,704 185,202 200,484 Licensing 20,170 15,712 71,419 64,625 General and administrative 12,559 14,223 47,377 61,217 Restructuring activities — 7,587 3,280 27,877 Total Operating expenses 78,461 86,226 307,278 354,203 Income from operations 38,594 25,589 150,516 71,206 INTEREST EXPENSE (10,050) (5,796) (29,496) (25,225)OTHER INCOME (EXPENSE), NET 11,652 9,349 (3,457) 11,575 Income before income taxes 40,196 29,142 117,563 57,556 INCOME TAX PROVISION (8,190) (9,329) (25,502) (15,368)NET INCOME$32,006 $19,813 $92,061 $42,188 Net loss attributable to noncontrolling interest (402) (2,065) (1,632) (13,107)NET INCOME ATTRIBUTABLE TO INTERDIGITAL, INC.$32,408 $21,878 $93,693 $55,295 NET INCOME PER COMMON SHARE — BASIC$1.09 $0.71 $3.11 $1.80 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — BASIC 29,664 30,682 30,106 30,764 NET INCOME PER COMMON SHARE — DILUTED$1.08 $0.70 $3.07 $1.77 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — DILUTED 30,031 31,196 30,485 31,253 CASH DIVIDENDS DECLARED PER COMMON SHARE$0.35 $0.35 $1.40 $1.40
SUMMARY CONSOLIDATED CASH FLOWS
(in thousands)
(unaudited)
For the Three Months
Ended December 31, For the Twelve Months
Ended December 31, 2022 2021 2022 2021 Income before income taxes$40,196 $29,142 $117,563 $57,556 Taxes paid (2,220) (13,256) (6,805) (23,091)Non-cash expenses 27,333 24,103 117,646 119,375 Change in deferred revenue (60,931) (80,912) 85,403 (16,868)Change in operating working capital, deferred charges and other 352,130 112,152 (27,768) (6,580)Purchases of property and equipment and capitalized patent costs (11,614) (5,905) (42,753) (35,927)FREE CASH FLOW 3 344,894 65,324 243,286 94,465 Net proceeds from debt refinancing (307) — 138,886 — Dividends paid (10,382) (10,739) (42,306) (43,058)Repurchase of common stock — (7,000) (74,445) (30,000)Other 4,497 (2,203) (2,531) (3,674)NET INCREASE IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND SHORT-TERM INVESTMENTS$338,702 $45,382 $262,890 $17,733
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
DECEMBER 31,
2022 DECEMBER 31,
2021ASSETS Cash, cash equivalents and short-term investments$1,201,777 $941,627Accounts receivable, net 53,182 31,113Prepaid and other current assets 89,716 77,545Property & equipment and patents, net 365,337 376,962Other long-term assets, net 190,093 200,909TOTAL ASSETS$1,900,105 $1,628,156LIABILITIES AND SHAREHOLDERS’ EQUITY Accounts payable, accrued liabilities, taxes payable & dividends payable$82,287 $79,888Current deferred revenue 189,059 291,673Long-term deferred revenue 237,580 19,463Long-term debt & other long-term liabilities 660,666 484,215TOTAL LIABILITIES 1,169,592 875,239TOTAL INTERDIGITAL, INC. SHAREHOLDERS' EQUITY 724,895 745,239Noncontrolling interest 5,618 7,678TOTAL EQUITY 730,513 752,917TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$1,900,105 $1,628,156
RECONCILIATION OF NON-GAAP MEASURES
The table below presents a reconciliation of Adjusted EBITDA to net income attributable to InterDigital, Inc., the most directly comparable GAAP financial measure (in thousands):
For the Three Months
Ended December 31, For the Twelve Months
Ended December 31, 2022 2021 2022 2021 Net income attributable to InterDigital, Inc.$32,408 $21,878 $93,693 $55,295 Net loss attributable to non-controlling interest (402) (2,065) (1,632) (13,107)Income tax provision 8,190 9,329 25,502 15,368 Other income (expense), net & interest expense (1,602) (3,553) 32,953 13,650 Depreciation and amortization 19,422 19,222 78,571 78,193 Share-based compensation 6,918 7,726 22,127 28,736 Other items(a) — 7,587 3,280 29,877 Adjusted EBITDA2$64,934 $60,124 $254,494 $208,012
(a) Other items in the above table includes $7.6 million of restructuring costs during the three months ended December 30, 2021 and restructuring costs of $3.3 million and $27.9 million during the twelve months ended December 30, 2022 and 2021, respectively. The twelve months ended December 30, 2021 also includes $2.0 million of additional non-recurring personnel-related costs expenses related to new employee agreements.
The table below presents a reconciliation of free cash flow to net cash provided by operating activities, the most directly comparable GAAP financial measure (in thousands):
For the Three Months
Ended December 31, For the Twelve Months
Ended December 31, 2022 2021 2022 2021 Net cash provided by operating activities $356,508 $71,229 $286,039 $130,392 Purchases of property and equipment (2,284) (634) (3,156) (2,511)Capitalized patent costs (9,330) (5,271) (39,597) (33,416)Free cash flow3 $344,894 $65,324 $243,286 $94,465
CONTACT:InterDigital, Inc.: investor.relations@interdigital.com +1 (302) 300-1857
Interdigital Inc (Symbol: IDCC) saw options trading volume of 4,626 contracts, representing approximately 462,600 underlying shares or approximately 123.5% of IDCC's average daily trading volume over the past month, of p trailing twelve month trading history, with the $80 strike highlighted in orange:
https://www.nasdaq.com/articles/notable-monday-option-activity:-byd-idcc-atvi
Vanguard now owes 11.71% of IDCC. EOM