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Me thinks Mr. Page got snookered by Mr Icahn. Wouldn't be the first time that Icahn pulled a fast one.
422,637 shares? WOW. Wonder who and why?
Those shares at the 60 level are options related. IMO
This just out from Streetinsider. As I am not a subscriber I cannot access the complete report.
GTT Group Says InterDigital (IDCC) Patent Rumors are "False"
GTT Group said rumors that they issued a negative evaluation of InterDigital's (Nasdaq: IDCC) patents are "completely false."
Yesterday, InterDigital, which is currently exploring a sale, fell ...
Easier to keep us down that way. Many trades are between the bid/ask.
I give credit to the members of this board for calling GTT and getting the truth and then to GTT for pursuing a retraction.
So GTT never talked to an Apple executive? Time for the SEC to put someone on notice for an investigation.
I would think that the Standards Committees IDCC has sat on and chaired over these many years might have a different view of the worthiness of IDCC's patents.
Someone needs to file a complaint before the SEC will even look.
GTT must be a patent troll!
Jimlur, My thoughts exactly. Would love to contact Apple PR department and query them as what executive is talking to GTT.
I would surmise that many of Nortel's patents were also worthless but Apple still paid some 2.6 billion.
Not if I could be prosecuted for publishing FUD.
NO IDENTIFICATION OF THE PATENT ANALYST!
More News related to Rumors
August 11, 2011 1:33 PM EDT
InterDigital (Nasdaq: IDCC) seeing pressure after a patent analyst is questioning the value of the company's patents.
InterDigital is explore a sale, and reportedly there is a bidding war between Apple (Nasdaq: AAPL), Google (Nasdaq: GOOG) and others.
InterDigital (IDCC) Sees Downside Move
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InterDigital (IDCC) Moves Higher On Rehashed Takeover Speculation
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InterDigital (IDCC) Moves Higher On Rehashed Takeover Speculation
Cooperman's Omega Advisors Shows Lower Tech Exposure, Raises Bet on Consumer Electronic Sales
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InterDigital (IDCC) Moves Higher On Rehashed Takeover Speculation
Samsung's Interest in InterDigital (IDCC) 'Highly Probable'; Expect
InterDigital (IDCC) Ramps Higher As New Bidder Enters Into the Feverish Bidding War
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More News related to Rumors
InterDigital (IDCC) Sees Downside Move
-Reuters
More News related to Rumors
August 11, 2011 1:33 PM EDT
InterDigital (Nasdaq: IDCC) seeing pressure after a patent analyst is questioning the value of the company's patents.
InterDigital is explore a sale, and reportedly there is a bidding war between Apple (Nasdaq: AAPL), Google (Nasdaq: GOOG) and others.
The NAZ dropped 55 points in the last hour. IDCC could not sustain the run up because of this. Maybe tomorrow will be a better day.
UPDATE: Forbes Reports Google Going After InterDigital; Hearing Chatter for $135+
By Paul Quintaro
Benzinga Staff Writer
August 10, 2011 3:01 PM
Symbols: GOOG, IDCC
Tags: Forbes, markflowchatter
Posted in: News, Rumors, M&A
inShare0 Share According Forbes, Google (NASDAQ: GOOG) is stepping up its efforts to acquire InterDigital (NASDAQ: IDCC [FREE Stock Trend Analysis]).
A tweet from @markflowchatter indicates that the deal could be for more than $135 per share.
This article may include mentions of rumors, chatter, or unconfirmed information. Readers should beware that while unconfirmed information may be correlated with increased volatility in securities, price movements based on unofficial information may change quickly based on increased speculation, clarification, or release of official news. Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.
Read more: http://www.benzinga.com/news/11/08/1848921/update-forbes-reports-google-going-after-interdigital-hearing-chatter-for-135#ixzz1UekynSWu
CNBC and Intergital got scooped by the president. Maybe tomorrow.
That was my thought also.
I doubt the 5B figure would have taken into account the 700M that IDCC has in the bank. The 5B is just a round number.
StreetInsider
August 3, 2011 8:48 AM EDT
InterDigital, Inc. (Nasdaq: IDCC) is moving higher in pre-open action Wednesday on reports another potential bidder has entered the fray.
Bloomberg reported Wednesday that Samsung is now interested in bidding for the company and is currently reviewing the company's patent portfolio. Samsung would join Apple (Nasdaq: AAPL) and Google (Nasdaq: GOOG) as bidders for the patent-rich company.
Analysts think the company could fetch up to $5 billion in a bidding war.
On July 19, InterDigital announced it will explore a sale.
Shares of IDCC are up 8 percent to $68.40 in pre-open action.
Count, agree with most of what you said, with the exception of the length of time. Nortel was going through bankruptcy which requires court hearings, etc besides the patent scrubs. IMHO the court process is what caused most of the time delay regarding Nortel. IDCC is a different animal. With seasoned pros running the show, unlocking the valuation of IDCC, we will be ok. Big bonuses will be tied to making a great deal for IDCC. The sooner the better for all concerned.
Probably just traders or shorts trying to get in or out before the weekend just in case a deal is struck over the weekend.
leak on a deal?
Quarterly Earnings Forecasts
Consensus High EPS Low EPS Number
Jun 2011 0.36 0.38 0.32 3 0 0
InterDigital Files Complaint Against Nokia, Huawei and ZTE With International Trade CommissionLast update: 7/26/2011 10:13:00 AMCompany Seeks Importation Ban for 3G Wireless Products that Infringe on U.S. Patents KING OF PRUSSIA, Pa., Jul 26, 2011
(BUSINESS WIRE) -- InterDigital, Inc. (IDCC) today announced that its wholly-owned subsidiaries InterDigital Communications, LLC, InterDigital Technology Corporation and IPR Licensing, Inc. (collectively, "InterDigital") have filed a complaint with the U.S. International Trade Commission ("ITC") against Nokia Corporation and Nokia Inc. (collectively, "Nokia"), Huawei Technologies Co., Ltd. and FutureWei Technologies, Inc. d/b/a Huawei Technologies (USA) (collectively, "Huawei") and ZTE Corporation and ZTE (USA) Inc. (collectively, "ZTE" and together with Nokia and Huawei, "Respondents"). The complaint alleges that the Respondents have engaged in unfair trade practices by making for importation into the United States, importing, and selling after importation, certain 3G wireless devices, including WCDMA and cdma2000 mobile phones, USB sticks, mobile hotspots, and tablets, and components of such devices that infringe seven of InterDigital's U.S. patents. The action also extends to certain WCDMA and cdma2000 devices incorporating WiFi functionality. In conjunction with the ITC filing, InterDigital(R) has also filed a complaint in the United States District Court for the District of Delaware alleging that Respondents' 3G wireless devices infringe these same InterDigital patents. InterDigital's complaint with the ITC seeks an exclusion order that would bar from entry into the U.S. any infringing 3G wireless devices (and components) that are imported by or on behalf of Respondents, including wireless mobile phones, USB sticks, mobile hotspots, and tablets capable of operating with a 3G WCDMA or 3G cdma2000(R) system.
InterDigital's complaint also seeks a cease and desist order to bar further sales of infringing products that have already been imported into the United States.
The complaint asserts U.S. Patent Nos. 7,349,540, 7,502,406, 7,536,013, 7,616,970, 7,706,332, 7,706,830, and 7,970,127. "Over the past thirty years, InterDigital has invested nearly one billion dollars in the development of advanced digital cellular technologies, creating important innovations, and helping to drive an industry creating billions of wireless connections," said Lawrence Shay, President of InterDigital's patent holding subsidiaries. "During that period, we have signed dozens of license agreements with manufacturers, giving them access to a patent portfolio of approximately 19,000 issued patents and patent applications -- among the largest wireless portfolios in the world," continued Shay. "The vast majority of our agreements have been reached without the need for litigation. However, despite having engaged in good faith efforts to license our patents to Nokia, Huawei and ZTE, we have not been able to reach an acceptable resolution. As a result, to protect our intellectual property and the interests of our licensees, we made the decision to bring legal action against these parties." By statute, the ITC has 30 days from the filing of the complaint to decide whether to formally institute an investigation. As of June 30, 2011, the company's patent portfolio consisted of approximately 1,400 U.S. patents and approximately 8,000 non-U.S. patents. In addition, as of June 30, 2011, the company had approximately 1,250 pending applications in the U.S. and approximately 8,250 pending non-U.S. patent applications. The patents and applications comprising the company's portfolio relate predominantly to digital wireless radiotelephony technology (including, without limitation, 2G, 3G, and 4G technologies).
About InterDigital InterDigital develops fundamental wireless technologies that are at the core of mobile 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 and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies.
InterDigital is a registered trademark of InterDigital, Inc. cdma2000(R) is a registered trademark of the Telecommunications Industry Association (TIA--USA). All other trademarks are the sole property of their respective owners. For more information, visit the InterDigital website: SOURCE: InterDigital, Inc.
Have any of our esteemed analysts even hinted at IDCC's portfolio value subsequent to the Nortel auction and its potential value to companies such as Apple, Goog, et al? Or were they keeping it a secret from the general public?
Wonder how Bill Nagovitz of Heartland feels after unloading most/all of his IDCC stock?
That would be $100 before the others jump in and start bidding. I think Apple (consortium) would be definitely interested as that would put a stake into the heart of the Android.
Yep, realize that. Don't have much knowledge on how to use options to leverage my stock holdings but I do know that options have played a big part in the trading of IDCC by the pros over the years. That being said there are approximately 2100 put options written at 36 and 2700 at 37 for June expiration. How many of those were written by the MM's vs individual investors I have no clue...but I know that they do. And if they can capture those shares at these prices through manipulation of the price then they will. This happened several years ago when we dropped 10 points intra day before recovering some in the ensuing days. Some one was cooking the price.
Seven times we hit 35.99 in the last half-hour but could not crack 36. Every time it seemed we would cross they would bang into the bid and knock us back down and this all the while the NAS was heading back down from the -25 level to the -41. All those 36 strike options I guess came into play. Not sure what the number was but we traded close to 150,000 shares in the last half-hour.
FWIW I am waiting until it hits 35. There are too many put options at 35 for the MM not to go after.
Well, evidently our management team did not understand it. IMO
I don't think anyone saw the iPhone exploding as it did or the iPad. IDCC was probably looking at the license as just a cut above Hop-On (lol).
Buyers came in and then left leaving us to the MM vultures who continually walk us down.
It was good to hear Espy talking about the lack of insider purchases and then the comment buttressed by a broker/analyst. The last time I recall an open market purchase of any significance was Goercenstein when he purchased 3,000 shares. From what Terry said he sees that the board and management are high in confidence about the future of IDCC but yet the market does not see that. A purchase by Terry of a few thousands shares would open quite a few eyes.
I would not say that is unusual but more the norm. Rarely do I see a one cent spread like most other stocks.
If MaxPain is supposedly pegged at 45 then the MM's have a lot of work to do to get us to that level.
Maybe JP Morgan session has ended and someone wanted in.
Maybe he means "Asian and Pacific" customers.
What kind of money are we talking about regarding the video compression software? I know Merritt mentioned this but there also was an analyst of some sort who also mentioned IDCC as having the best. Are we talking millions per year or what? Just curious.
by Louis Basenese, editor White Cap Research Group
InterDigital (IDCC: 45.58, -0.44) is a pick-and-shovel play on the exploding use of mobile phones.
At least one of the company's 8,800 patents is deployed in every digital phone in the world. This remains one of our favorite 'unknown' technology stocks.
At first blush, it appears the business is struggling, as sales dropped 33%. But that's hardly the case. It has more to do with accounting and the nature of the business.
You see, it takes time for InterDigital to negotiate licensing agreements. And once a deal is hammered out, InterDigital is often entitled to royalties related to past sales.
That was the case in the first quarter of 2010, as it received $35.7 million in connection with a new agreement with Casio Hitachi Mobile Communications. And such a big one-time payment is skewing the year-over-year comparisons.
Also impacting the year-over-year comparisons is the fact that management's still negotiating a renewal license agreement with LG Electronics.
Until the terms are ironed out, fixed royalty fees are accrued, not paid. In the first quarter the situation amounted to $14.4 million.
If we adjust results to take these one-time offsets into account, it turns out that InterDigital sales actually increased a solid 15% in the first quarter.
Shares remain cheap, trading for about 14 times earnings. The balance sheet is in tip-top shape, with over $500 million in cash and almost no debt.
Plus, interest is heating up for the company's suite of technologies targeting the bandwidth crunch, according to CFO, Scott McQuilkin. It's time to move shares back to a "Buy."
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