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I have a hard time believing these guys anymore. While Howard was saying that they were just waiting to "fill in the blanks"
on the Nokia resolution, the insiders were selling. I think they knew all along that Nokia would ask for arbitration. We were foolish to believe that Nokia would not go to arbitration;they have everything to gain, and nothing to lose.This pissant company is not about to dictate terms to the 800lb gorilla. I see a "creative solution" (IDCC loves that term), with Nokia and Samsung as the beneficiaries. I heard overtones of this in the CC by Merritt and Tilden. All my opinion only.
After listening to the CC I get the sense that a compromise is in the offing, with IDCC making some consessions. I don't think they can afford to live with another long drawn out arbitration. IMO this will be over by the end of this year.
God bless you, Mschere, for your positive spins.
Outright lies...the press release stated that Nokia and Samsung were obligated (not could be) to pay based on the outcome of the ERICY litigation per contract with Nokia.
Short propaganda from another board:
More Greenberg on IDCC (from Herb Greenberg's Red Flags on theStreet.com):
Spin move: I see InterDigital Communications (IDCC:Nasdaq) plans a conference call today to, er, discuss its royalty dispute with Nokia.
As I wrote last April in TheStreet View, the issue is critical for InterDigital, which appears to get a good deal of revenue from suing other companies over its patents. TheStreet View item, which appeared as InterDigital was coming off a 70% two-week jump, questioned what recent buyers of the stock could possibly have been thinking.
Well, they must've been convinced the company was about to get more than $300 million in future royalty payments from Samsung and Nokia. At least that was the impression the company left in a March 17 press release about a settlement with Ericsson and Sony Ericsson. The suggestion was that the formula used in the Ericsson settlement "could be" applied to the Nokia case. In fact, the words "could be" were used five times in the press release.
But could be, as investors are learning today, is a far cry from "will be." And this note: In its 10-K, InterDigital disclosed that some manufacturers of third-generation products "have shown reluctance to license our patents because
a leding wireless company has agreed to indemnify them against allegations of infringement."
As I noted in TheStreet View, that's big news because 3G has been a linchpin in the InterDigital story. After all, if some big manufacturer were to indemnify all vendors against InterDigtital, InterDigital risks becoming irrelevant. (For
those wondering where Samsung fits in the scheme of things: They're believed to be waiting to see what happens with Nokia.)
Was this contract drafted by F & J?
Could be that IDCC management has the savvy to deal with the big boys after their experiences with Ericy, NEC, Samsung, Sharp, etc. We may be underestimating their abilities.
Zeev....What's you strategy with IDCC today? Up about .60 so far with volume over 2 million. 2PM conference call with IDCC management scheduled.
Read my post again, it was not anti-Asian, quite the opposite. I know that Nokia is not an Asian company.
Anyone....Is Samsung in any position now to drop the other shoe?
I think ERICY got away with murder on all fronts for 10 years worth of infringement, handsets and infrastructure. IMO this is a last ditch weasel attempt by Nokia to squeeze some consessions out of IDCC, and has nothing to do with the MFL rates.
I will be e-mailing Nokia and explaining why I will not be buying their products.
Bill...I agree 100%, and I half expected this to happen. I'm in the market for a new phone now, and I'll be damned if I buy one made by Nokia. The Asians may not embrace our religions or culture, but they know what honor means. This may come back to hurt Nokia in the long run.
You were right Spider.
InterDigital and Nokia Enter Arbitration
Tuesday July 22, 3:36 pm ET
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--July 22, 2003--InterDigital Communications Corporation (Nasdaq: IDCC - News), a leading architect, designer and provider of wireless technology and product platforms, today announced that Nokia Corporation (Nokia) has requested binding arbitration regarding Nokia's royalty payment obligations for its worldwide sales of 2G GSM/TDMA (2G) and 2.5G GSM/GPRS/TDMA (2.5G) products under the existing patent license agreement with InterDigital Technology Corporation (ITC), a wholly-owned subsidiary of InterDigital Communications Corporation. Pursuant to the dispute resolution provisions of the patent license agreement, Nokia's request for arbitration was filed in the International Court of Arbitration of the International Chamber of Commerce (ICC).
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Nokia's arbitration request relates to ITC's claim that the patent license agreements ITC signed with Ericsson and Sony Ericsson in March 2003 defined the financial terms under which Nokia would be required to pay royalties on its worldwide sale of 2G and 2.5G products commencing January 1, 2002. Nokia is seeking a determination that it has no royalty obligations to ITC based upon ITC's licensing of Ericsson and Sony Ericsson. Alternatively, Nokia is seeking an order requiring ITC to provide Nokia with access to various documents related to previous litigations, negotiations, and arbitrations with other parties. Pending access to the requested documents, Nokia is seeking to prevent the commencement of arbitration proceedings that would determine royalty amounts owed to ITC for the period starting January 1, 2002.
ITC has thirty days to respond to Nokia's request for arbitration. As part of ITC's response, ITC intends to file a counterclaim seeking a determination of and award for royalties owed to ITC by Nokia. Separately, Nokia has indicated that it intends to file an action in Federal Court to gain access to documents previously sealed by the Court related to the now-settled Ericsson litigation.
"Resolving royalty issues with Nokia remains a top priority," said William J. Merritt, Executive Vice President, General Patent Counsel and President of ITC. "We believe that we have fully satisfied our contractual obligations and remain confident in our position, including our prior projections as to the amount of royalties owed and to be paid. We are fully prepared to move forward to arbitration."
About InterDigital
InterDigital architects, designs and provides advanced wireless technologies and products that drive voice and data communications. The Company offers technology and product solutions for mainstream wireless applications that deliver cost and time-to-market advantages for its customers. InterDigital has a strong portfolio of patented technologies covering 2G, 2.5G and 3G standards, which it licenses worldwide. For more information, please visit InterDigital's web site: www.interdigital.com. InterDigital is a registered trademark of InterDigital Communications Corporation.
This press release contains forward-looking statements reflecting the Company's beliefs, plans, and expectations as to royalties owed and to be paid by Nokia and the Company's intentions with respect to Nokia's request for arbitration. Words such as "believe", "intend", "projections" and similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are subject to risks and uncertainties and actual outcomes could differ materially from those expressed in any such forward-looking statements due to a variety of factors including, but not limited to: (i) resolution of the dispute as to the applicability of the terms of the Ericsson and Sony Ericsson licensing agreements to the royalty obligations of Nokia under its license agreement in a manner other than the manner anticipated by the Company; (ii) results from the dispute resolution process which could cause changes in the anticipated amounts owed and/or paid; (iii) any future legal proceedings that could adversely affect the royalty obligations or payments under Nokia's license agreement; (iv) the impact of prepayment discounts or lack thereof and the accuracy of estimates by Nokia related thereto; (v) the actual number and selling price of covered terminal units sold by Nokia; (vi) any actual deviation from the assumptions made by the Company, including those related to product mix, sales prices, and market share of Nokia; and (vii) as well as other factors listed in the Company's most recently filed 10-K. InterDigital undertakes no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Contact:
InterDigital Communications Corporation
Media Contact:
Dawn Goldstein, 610-878-7800
dawn.goldstein@interdigital.com
or
InterDigital Communications Corporation
Investor Contact:
Janet Point, 610-878-7800
janet.point@interdigital.com
--------------------------------------------------------------------------------
Source: InterDigital Communications Corporation
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Its heartwarming to see how some "hardened" traders commisserate over the loss of a pet. It goes to show you how human and vulnerable we all are, and how the little things in life are the most important.
Zeev.......were you an air traffic controller in a previous life...I don't see how you keep track of all the flyers you have in the air....simply amazing. How do you do it?
I agree. Call me a pessimist, or a realist, but, it always seems to be Murphy's law with this stock.
Speaking of barbarians.My wife will take as many infertile pieces of that metal she can get.
Partly. But not the whole 3% IMO
I have an OB in for .75
Current ask @ $1.51. Would you consider a DCB.
SAP is a German business software company.
I know of people who are hooked on on-line and television shopping and the 5% or so difference in price would not be a factor in their shopping habits. The states are looking to streamline the tax collection process and charging a uniform rate for internet sales regardless of the ship to location. IMO taxation is coming.
I don't think the on line shopper will return to brick & mortar outlets to save the difference.
Tax will be passed on to the consumer. Only cost to AMZN would be implementation.
I have Schwab and the report is archived. Why did you assume that it came out today?
License going forward includes TDMA based GSM & GRRS.
They have more than doubled their engineering staff during the past few years during the severe economic downturn in the telecommunications industry. Many of the hires have Phd degrees. They recently settled a lawsuit with and signed Ericsson/Sony/Ericsson as a licensee. That deal was worth 34 million, not including ongoing royalties. I suppose Ericsson just gave them the 34M out of the goodness of their heart? They have NEC,Sharp,Nokia and Samsung under contract for 2G, and are working on 3G contracts. Sounds like you lost money on this stock some years back.
You have no idea what you are talking about.
Ancient history. Do you base your investment decisions on events that happened 8 years ago. Besides, why would they receive a 7 million settlement if they were unethical.
I'll keep you posted if come up with any information.
That might work on AMS...or is he just a gnat?
Speaking of which......any conclusions on IDCC?
Zeev...Once again I must plead my non-technical grasp of the wireless industry. I do believe that WCDMA will comprise approximately 75% of the wireless standard, the balance being Qualcomm's CDMA domestic & Korean market. I rely on the information of the IDCC Board on IHUB. Projecting 3 or 5 years out all things will be wireless (handsets are replacing land lines in many households, PDA's, computers, etc.), and IDCC should receive its fair share of royalties based on the 3G standards. They will get royalties from infrastructure as well as handsets. China, a potential mega market, may likely employ another 3G standard in which Siemens and IDCC have IPR. IDCC has IPR in all flavors of 3G, as they say. If you ask questions on the IDCC Board, you will get better answers than you can get from me. Have you read any of the latest analysts reports? Sorry I can't be more specific. Looking at this investment another way, with a market cap of 10% of Qualcom's, the stock would be selling at $50 a share.
The chairman does not take a salary, so he exercises the options and sells the stock. As for other insiders, they would have fared better if they held the stock. They have not sold with the knowledge that the stock would lose value.In fact, the reverse has been true. Shareholders have recently voted down a 5,000,000 share option program, thinking that management has abused the option perk. Also, many of the insider sales were registered as 10-5b (I think that's the designation), planned sales. They had no idea where the stock price would be when they sold the stock. There has been extensive debate on the IDCC IHUB board about options and insider selling. IMO the stock is being held down due to the Nokia/Samsung negotiations. If they fall in place, others potential licensees will be forced to acknowledge the company's IPR, and then the royalties should increase dramatically IMO.Also, engineers and scientists are given options based on patent submissions, and more on patent approvals.
I've been in this stock for over three years and bought quite a few shares under $5 back in December 2000, with the help of Bill's website. I have personally met Mr. Dalglish and he is a high caliber individual. As for clueless, read the IDCC board on IHUB and you will find intelligent discussion by a cross section of the investing public. Lawyers, CPA's, Engineers, Brokers all. Thanks for your concern.
It is my understanding that it does not. The "smart" antenna technology was acquired in the Tantivy deal. Zeev check out this site www.wirelessledger.com for all you will ever need or want to know about IDCC. Caution, its larger than the first dissertation.
I am not technically qualified to comment on the wireless standards or the industry. According to IDCC they have parts of the engine and transmission (air interface patents) that will drive the 3rd generation of wireless technology as well as royalties owed for 2G patents, yet to be collected from competitors of Ericsson and Nokia. IMO Wall Street is waiting to see the resolution of the Nokia & Samsung
contracts before valuing the company fairly. The short answer is that IDCC could be the next Qualcomm.