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If someone dropped a needle in this chatroom we could hear it.
I wouldn't be surprised if some of the Lard Azz Nokia Attorney's monitoring this board have died of boredom.
Somethings big must be on the horizon. Mickey says "This stock is a screaming buy!!!"
Good post Data Rox! Very intuitive, even good advice - perhaps UB reads this board as well...
MSchere,
I noticed that IDCC used the same verbiage after the Markman hearing w/Tantivity as they did after the Markman Hearing w/ERICY - that the results did not materially affect the amount sought.
However, with ERICY it was disclosed what amount they were seeking, and they received much much less than that upon settlement.
With Tantivity the amount sought is not known (to my knowledge), but I feel now that statement is boilerplate posturing and therefore you should not read too much into the statement.
Nicmar,
Not everyone that hit the sidelines or became quiet is necessarily walking away from their invesment. It's just that well, near term calls do not seem to be a good play and there is no reason not to step back and enjoy the summer while it's still left. Market always seems to heat up as summer vacation ends and higher volume drives the market.
Take a little breather if ya like, but don't get lost too long. Ya better try swimming - it's awful hot these days.
OT: Nicmar
One off topic - I have two apple and two pear trees of which there are many bushy branches really close to the ground - cannot even mow under the apple trees. Should I leave them that way, or trim them up a bit? You can reply to frobinso@mindspring.com if ya don't want to anger the masses.
I've never owned an orchard or fruit trees, but enjoy having them.
Wi-Fi Network Security story
2 hours, 4 minutes ago
http://news.yahoo.com/s/ap/20050707/ap_on_hi_te/techbits_wi_fi_theft
ST. PETERSBURG, Fla. - Police have arrested a man for using someone else's wireless Internet network in one of the first criminal cases involving this fairly common practice.
ADVERTISEMENT
Benjamin Smith III, 41, faces a pretrial hearing this month following his April arrest on charges of unauthorized access to a computer network, a third-degree felony.
Police say Smith admitted using the Wi-Fi signal from the home of Richard Dinon, who had noticed Smith sitting in an SUV outside Dinon's house using a laptop computer.
The practice is so new that the Florida Department of Law Enforcement doesn't even keep statistics, according to the St. Petersburg Times, which reported Smith's arrest this week.
Innocuous use of other people's unsecured Wi-Fi networks is common, though experts say that plenty of illegal use also goes undetected: such as people sneaking on others' networks to traffic in child pornography, steal credit card information and send death threats.
Security experts say people can prevent such access by turning on encryption or requiring passwords, but few bother or are unsure how to do so.
Wi-Fi, short for Wireless Fidelity, has enjoyed prolific growth since 2000. Millions of households have set up wireless home networks that give people like Dinon the ability to use the Web from their backyards but also reach the house next door or down the street.
It's not clear why Smith was using Dinon's network. Prosecutors declined to comment, and a working phone number could not be located for Smith. <-- my comment: without poking around his WI-FI Network to find it...
OT: Hardball,
Thanks for reply - and I agree there would have been more of a roller-coaster ride had they released it earlier, with the inevitable dips probably no worse than our lows of the last two days. Sure miss those steep hills and and the butterflies in my stomach.
What happened to that statement by Janet Point that we would hear news within an hour or two?
Water under the bridge though and I'm sure she was following someone's elses call on the timing. I can imagine how important it truly was to get a very carefully worded message out there.
The pain will pass. Hoping that many are investigating, and realizing the strength of our position, and I feel we have been represented well by F & J in our other legal proceedings too.
Sometimes I think that if we got more actively engaged in the public arena through periodic news releases we would generate more market and investor interest, and would have a receptive audience waiting when big news does come. How much silence, from a news release perspective, did we suffer through awaiting this one event. If we are about "more than Nokia" why don't we put out news release about things "other than Nokia" and litigation?
Isn't that where Public Relations and Investor relations, and Marketing start to come into play. Those are the departments at Nokia that have tried this case publicly and won over the last couple of days - why are we not in that game, especially as a company now offering products and solutions - not just the underlying tech?
wiredwest,
It seems like with Broadcom just yesterday filing and antitrust suit against the Q, alleging it is a monopoly, might make the Q have second thoughts about further consolidation. While I hope this does not happen, I can totally understand at this point being open to anything that will give us a little more due respect.
I think the respect has been fought for and earned, and a lot of little people are still kicking us around that are so spineless that when the tables are soon turned they will be the first to they saw it coming all along.
I'm still thinking that a little more patience will be greatly rewarded, and after briefing.coms negative spin that will include holding steadfast today. Hopefully there will be pleasant surprises as well. Hope the article has been passed along by someone to investor relations a IDCC for consideration of a rebuttal, since the report contains a significant error that is material in nature.
Mschere,
I initially did not put much stock in HG's comment about ERICYs integrity, feeling that it was just part of the dog and pony show associated with selling a result that was much less than expected.
In contrast, this NOKIA arbitration result was a bit more than I expected.
The further comments by Merrit today, on what I believe to be carefully chosen wording, actually did give me something to hang a little hope on regarding a future 3G agreement with E/SNE once the NOKIA arbitration is concluded. Obviously, after today - looking for some new hope to hang my hat on, even though I think the money hitting our account, and reported as earnings per share will not go unrewarded in our shareprice.
Reading the exact wording of HG at settlement of E/SNE reminds me that occasionally lightning strikes twice in the same place. There is much more than an ERICY 3G agreement that could draw electricity to Benjamin Franklin's kite, but quite a long tail of rags and metal objects dangling, such as:
. A win on appeal of Summary Judgement
. Dismissal of the Delaware lawsuit that was a scorched earth play by Nokia from the start.
. Settlements on 2G and/or 3G with any of twenty or so companies IDCC has mentioned they are in discussions with.
. Amiable settlement and resolution with Samsung, prior to going to arbitration over the remaining 3G rate terms.
. Upheld patents from the JPO, and subsequent Panasonic agreement, and other licensees that will be triggered into action by the resolution.
The list goes on, and on
IDCC has taken a high and professional road, following one bold statement made by Howard, that many feel was an arrogant mistake (much like what NOKIA espouses daily toward their demise), but likely exposed NOKIA's underlying colors all along. I would like to think that Samsung, after witnessing it all and upon review of what was gained, would also take a higher road.
Not a single analyst made mention today of the total percentage of the market we now have under license, and their leading position in the market - which speaks loudest to those remaining, or the added position of strength both legally, and financially that we now have to defend our IPR that InterDigital is duly owed royalties on by those remaining.
I think the storm will not last long, and the shareprice will soon have fair and following winds.
And in reflection upon Nokias response to arbitration...an acknowledgement of "unwarranted royalties" does not bag you $252 Million dollars.
The briefing.com spin late today is an obvious composition of someone that was glued to the message board, and hoping to stir replies for a follow-up after lightning strikes twice - leavng himself open for a different outcome with a ?. I would encourage Rmarchma and others to respond with some of the reasons TO OWN IDCC stock, that he is nearly begging for as material for his follow-up column that he's obviously wanting to get started on.
"Mother Nature Bats Last" is a phrase that comes to mind.
Add me to the roster, Jimlur
Corp Buyer,
While I had no time to cover all of your ranting "back in the day" when the opinions that cast our shareholder votes were being formed, I stood up for you on issues that I felt as a shareholder needed to be voice at that crucial time. But that time has come and gone, there is no votes pending - only the Market talking now and this news is bigger than the IHUB could influence.
All I can say now is that I took stock on how those votes were actually voted, and compared them with my own vote, then I moved on. Some went my way - some did not. I can now completely enjoy my favorite folks on the board because their is no longer disagreement in opinion between us - majority spoke and as a long I want the company to be successful and the management deserves my support now that they have all been validated.
You have tried all weekend so far to rain on an upcoming parade, and while you say you are not trying to do that - you appear to be dedicating your entire weekend to placing a cloud of doubt over a fabulous event. You should consider stepping back into lurking for a couple of weeks and join back into the mix when the parade is over. I know, that has been suggested to you already without sinking in.
Truth is, the events that the ERICY settlement were supposed to bring about, but Wall Street simply would not believe until someone showed them the money, have now transpired. The ICC just "showed wall street the money". The 13 year ERICY cloud is long gone, and I believe that Wall Street will believe that sunnier days are yet ahead of us, and there may be, and should be a higher multiple awarded to us, based upon a majority of the big players that are now paying. "Chances are that straggling smaller ducks are gonna fall in line". Maybe even surprises from former foes.
Further, while an average Joe investor like me has no idea, at this point in time, how to trade on the international market while our own markets are closed, I bet a brokerage house like Wells Fargo certainly knows how to cover in Europe, by stocking up on shares when you know for certain that they are going to have to issue a serious revision to their prior Sell recommendation in short order. Brokerage houses that may have been watching on the sidelines, may be stocking up to get off the fencepost.
In the short term, tomorrow is a day where many will have an opportunity to "change their toon" on the European exchanges in order to profit from a positive market reaction and short squeeze that is about to ensue on Tuesday.
Why don't you step back and enjoy the ride, rather than wear yourself out spreading fear, uncertainty, and doubt. It's a very untimely moment for a long to be doing that, which is why just about anyone could come to the conclusion that you have a counterproductive agenda.
Kindly give it a rest for awhile.
Jimlur, Thanks for all you have done for all of us. I have always had a great deal of respect for you, and spoke with you once by phone during our first big runnup. Hope to have a chance to meet you some time in celebration of this investment community.
Regards,
Wayne Robinson
OT easing into a change of subject...When the dust settles upon the scorched earth of the lonesome prairie...it will be said, hopefully over laughs around the campfire, the howling coyotes, the clinking of longnecks hitting together (and w/my luck the sound of broken glass)that the lowest stoop of all in this entire ordeal was that Nokia's legal team had the audacity and poor judgement to pick up some embellished hearsay off an investors message board and make an issue of it before the judge as the gospel truth.
Losers!!! The big L on the forehead
I was hoping that even before the arbitration announcement the judge would independently say, Outta Here!!! to that particular case.
Let's hope there's no corruption or manipulation in this arbitration process as prophecied by Malko14., and let justice rule the day
Justice ruling the day?
(I'll try to keep my mouth in check on our lost property rights on the homefront, but if there's a March on Washington I would join in to add a shout on this ruling that will hopefully be overturned before too much damage is done.)
I hope individual states will speak loudly the other way, and I'm one who misses the days when the States held the federal government to more limited powers, and the jury heard all evidence and ruled on both law and fact (not bound by this judges court). Oops - I guess I slipped a little...seems everything is upside down now...JMHO
We the people
Strong Jury (of peers) to keep judicial arm in check "able to rule on both law and fact", as quoted by MANY Chief Justices througout our history (even recent ones). A missing part of "We the people" now.
State Gov
Federal Gov (limited to about a ten mile square U.S. DC jurisdiction), before the Soc. Security program effectively put us all under that jurisdiction.
Now a tip of the voting scale can simply wipe out individual property rights across this country just before closing up session like it was just shuffling some last minute paperwork.
This dogies going to sleep...sorry for going off-topic
Jimlur - you may delete this post if ya like...but I hope you went nightie night
OT: Missouri is quite a drive to PA., but I'm also looking over those New Holland's. My toy this year is a New Holland 256 Hay rake w/dolly wheels - and it works great.
I did get one other toy that might even make Nicmar jealous, I purchased a Kubota Z28 diesel, zero turn lawn mower, w/72 inch deck - it's a quiet animal and really saves time on my weekends home.
Art,
I've spent the last three nights on the John Deere website building my own tractor. Nothing really to say on the boards cause I want our train to come in like all the other shareholder's who haven't given up on hoping.
My massey is in the shop w/no hydraulics - got 80 percent of my first cutting bailed before she went out.
I cannot bring myself to applaud every move of management as being a highly orchestrated event anymore. They put their pants on just like me, make mistakes, and are a very highly compensated bunch of folks with more dry powder to smother a rally with than I could ever muster.
I can only hope that some news comes along hot enough to ignite it.
I agree w/Dave Davis that it's not the time to be discouraged, or to sell.
Here's to hoping for news that will fundamentally change the value of the shares we all own - since management will make out either way - here's to hoping for the low man on the totem pole - the shareholder.
Cheers
Is there any possibility IDCC had purchased patents from BTG for 8 million bucks, and decided now to also purchase a qualified representative of them? There's so much speculation with this stock that I might as well toss a little bait out there too...
I have always noticed on yahoo that after hours volume will continue to update through a/h trading, but the days closing price is maintained. Following Nieves notice, and yahoo's normal delay I say the volume jump from somewhere around 32x,xxx. I can only hope it's a confidential friend or relative of one of the Arbitrars...and that they are buying calls this month instead of writing them.
Dave, would you please add me to your recipient list: frobinso@mindspring.com. Thanks for your contributions.
ot: scuse the typo
Mschere,
I'm just sitting in the peanute gallery, but when you say 802.xx, my perception was that you were implying all of them, not just one.
With all due respect
Wayne
Anyone: Are the arbitration proceedings conducted in a way that encourages settlement between parties? Are strong messages sent to one or both parties at this point of the arbitration proceedings - as it was rather obvious the two parties were not seriously talking.
So, at this point in the proceedings does anyone think that one or both parties have been instructed of relative weaknesses of one case versus the other, for the purpose of encouraging a settlement between parties, or are the proceedings an information gathering/collection of arguments followed by a rendering of a judgement?
Sorry if I have asked the same thing twice...
OT: Tangent, I live in Silex, Missouri. It's about an hour north of St. Louis, Busch Stadium. My sister lived in Shelby, NC for several years - her husband still works for PPG, now in Lake Charles.
If you ever think you would pass through this time of year I could give you more exact directions. You are welcome to come see the show anytime. Of course, as a young kid we would put lightning bugs in jars, or smash them, or mash them into paste and rub that glowing stuff on our faces till we looked like indians with warpaint on.
Missouri seems to have a good taste of all the seasons. I took last week off for vacation to do my first cutting of hay. The heat just about got the best of me. I really needed to have a water jug with me and I learned a lesson (lesson being that a beer only diet dehydrates you, eventually).
I work each week at the Mayport naval base in Jacksonville, Florida, but Silex is my home, and for now only a weekend pleasure. The things we do to make our dreams come true.
I enjoy my current job helping out the command in tracking their shipwork on an ERP software solution.
It's great to have an opportunity to help out in even the smallest way. I remember when I took this job on contract, telling my sister that Dad, who served in the Navy would be proud. He has passed on, but she called me back a few minutes later in tears because it was his birthday and neither of us had realized it. Sometimes you reach for meaning in a silly coincidence when you have a loss. My mom who hates to see me travel, in general, even felt the job was meant to be when I accepted it on Dad's B'day. We also lost a nephew at sea several years ago off the USS Abraham Lincoln, and overall this experience has been good for me.
My sister and family is coming to visit in six weeks and I plan to bring them on base to see whatever ships are in port, where I know it will have special meaning to them.
Sorry for rambling - it's late and I'm hitting the hay.
Captainslog,
Thanks - that's the most encouraging message regarding their own anticipation of the award coming at any moment, and while it is frustrating for all of us to wait, hopefully it will be well worth it.
They have to be sharing many of the same feelings we are.
regards,
Wayne
OT: It was my own little taste of revenge for the misery I felt while reading the board over the weekend.
OT: The quiet before the storm...
This weekend on the farm, walking down the hill from the barn under the midnight stars, I looked across the field of darkness below me into a sea of a million fireflies. As the visual sense adjusted to the darkness before me, the show intensified into the discovery that I was in the midst of it. The excitement of the energetic and fluid light show that surrounded me was balanced with calm silence that heightened the senses. It was like gazing across a lake reflecting the shimmering moonlight without the sound of a single wave touching the shore unknowingly left behind.
Maybe Samsung will capitulate with IDCC and focus their legal efforts on a RAMBUS defense. A pleasant surprise would sure be nice.
Rambus Adds Samsung Electronics to Patent Infringement Litigation
http://biz.yahoo.com/bw/050606/66252.html?.v=1
Even though I do not agree with you on the HC issue. You are one of my favorite reads, and I admire all the knowledge you bring to the board. I am one of your biggest fans on the board.
Respectully
The continuity was broken already, and we already took the hit and recovered from it.
A loss in the HC vote would be a majority of shareholders (against all odds of the default proxy vote for Harry) saying that the compensation practices are rewarding Sr. Management in a non-performance based way, and in a way that does not prioritize adding shareholder value.
Just one example: The only time I was granted options at a company, they became exercisable upon reaching a certain shareprice - not immediately exercisable at today's price, or $2.50 a share (today's price if we lose, just kidding). (i.e. the strike price was set above current shareprice - they take on value only if the shareprice increases). That's called alligning compensation with shareholder (or shareprice performance. Idcc never did this in their granting of options - they were a continuous gift. Setting strike price on options granst above current market price used to be a norm some years ago and moving away from that is a form of options abuse, and takes out shareholder interests entirely.
Of course, now that the options (expensing)game has been scrutinized as reaching the level of abuse - let's dodge the bullet and give everyone RSUs (regardless of meeting any defined goals) and while we're at it - let's establish bonuses so they are already set to be granted (as you may have read when WM salary structure was recently announced).
That's Continuity - a perpetual stream of rewards not based upon performance.
One, or both of us are beating a dead horse, so I'll go back to lurking. I thought the board would have moved past the great HC debate by now. I know your opinions are highly valued, and I highly value your contributions to the board.
Even though I do not agree with you on the HC
Up to this point I never thought we would come out of this arbitration with anything regarding 3G. However, as the clock ticks by now your deductive reasoning seems very plausible. Here's to 2G & 3G, along w/the withdrawal of U.S. and U.K. litigation.
Hey everybody, ya gotta catch this one
TeeCee just got "Jimlured" by Atomic Bob over on the AB board...
Now Jimlur, that phrase is not meant to be derogatory, I'm just having a chuckle about the whole thing and hope that both you and Teecee sees some humor in getting himself chapped too(or again!).
Teecee, hope ya don't mind me jokin around a little
OT Nicmar,
I'm one of those that barely got out w/my shirt after our sole analyst dropped coverage over an embarassing moment when he could not explain the run-up. I was working in Baltimore at the time and was not able to watch the market at all that day - and when I checked that evening it seemed like it was October of 29 (uh, three years before my dad was born).
I was so thankful that while I was sitting on a nest egg I never imagined I would have, I had been approved for a loan on my Missouri farm and was still able to scrape up enough to close on the loan by exiting completely after satisfying all the margin calls. What a hard lesson learned.
I bought back in slowly for the Ericson settlement and was able to take profits and get approved for another loan for an addition to my farm. Profiting enough for a 20 percent down payment on a loan is not the same as winning enough to pay outright, but I'll take it. Life is so short and very few of those opportunities come around.
I commute each week from Silex, MO to Jacksonville, Fl to pay for my dream come true. Back in again and hoping now for the opportunity to pay down those loans a little bit faster, and hopefully get off the road alot sooner.
My original farm is worth nearly three times what I paid for it back then, so I can still say the IDCC investment provided a wonderful lifestyle change, and what I consider the opportunity of a lifetime. This time around I am in without the use of margin, and yet leveraged a little with call options and leaps.
I'm taking all next week off for vacation to do my first cutting of hay for the season, and hoping I have this extra cause for celebration. Either way - up or down - I'll be perfectly happy on my tractor - feelin sexy and trying out my new toy - a used New Holland 256 five bar Hay Rake w/dolly wheels. It's the small things in life that really count.
I know I've chatted with you in the past, and I know you'r just across the river somewhere in "God's country". It's good to see you posting again, even though I'm not sure you remember me.
Rooster,
If you also bold the word Previously, it is apparent this release does not preclude the possibility that the results have been already communicated to the parties involved in the arbitration. Just a very optimistic thought and possibility. After all, IDCC has three days following notification of the arbitration ruling to publicly disclose.
OT: Ya well, he is probably guilty as charged there - I suppose I am referring to the character he displayed, and that he sincerely believed his own story and was not purposely mis-leading (IMO). That much is missed. From there, everyone had to consider the source.
From an recent post of yours, it sounds like you are still holding a few extra shares on account of him too. His optimism had a tendency to rub off a little.
Have a good one...I'm off to catch a few winks of sleep.
Has anyone noticed the short poem by IDCCKING on the Yahoo thread? It's worth a chuckle. Just a little late night entertainment...
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=4686767&tid=idc&sid=4686...
Bobsil,
Good post, I feel similarly about Mickeybritt too. He had no dishonorable agenda, and was outspoken in his belief that "IDCC was a screaming buy". I still feel that it is quite possibly true and my bets are still placed as a long.
I consider it a risk worth taking.
Anyone: Isn't the Lucent/Tantivity trial part of the original deal IDCC struck w/Tantivity, prior to acquisition, to uphold/defend their claim of infringement in return for part of revenue resulting from thier infringed product line?
I just wanted to make sure that this lawsuit is about patents that IDCC evaluated, saw value in, and also felt that infringement was being committed by lucent, and Tantivity was not in a strong enough financial position to go it alone, so IDCC stepped in as part of the deal that ultimately led to an acquisition of same.
Is my memory failing, or am on base on this particular suit. The outcome will ultimately determine the profitibility of the original deal, and subsequent acquisition.
Also, Was it the AIM product line/Antenna technology that came forth as a result of this acquisition?
Thanks in advance for helping me to understand the scope of the lawsuit.
Jimlur,
I'm no lawyer, but that reply brief surely articulated some of the common sense shortcomings about Nokia's recent lawsuit that just weren't quite right to begin with. I hope the judge sees it the same way that I do, and tosses'em outta there.
How do ya think you can pick a fight over just a few patents, then claim it applies to all the rest? The whole suit seems ridiculous, and some excellent points were made highlighting who the shark in the water really is.