Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Piper Jaffrey cuts IDCC to "underperform"
If you consider 3G foregiveness and interest, among other things, Nokia did not pay more.
Thats not how the process works. If there is new evidence that is directly relevant to the disputed claims (as is the case here), one or both parties can move to submit the evidence, and the panel can hear it if it so chooses. That would move the opinion out of the ICC's hands, because it has to be revised. I think it is more likely than not that such a revision is what is causing the delay here.
Not true. Samsung has a legitimate claim that Nokia paid less than they lost in the aribtration given the 3G forgiveness, and interest issues.
I respectfully disagree. One aspect of the Samsung arbitration is for Samsung to get the same deal as Nokia. The terms of the Nokia deal changed approximately 5 weeks ago with the Nokia settlement. As a result, the facts relating to one of the primary issues in the arbitration changed. Thus, the parties may have likely needed to provide the arbitration panel with new information to calculate what Samsung owes. In that case, the decision is not tardy, just taking additional time to account for the new facts that recently arose out of the Nokia settlement. I think it is just as, if not more, likely that the "delay" is being caused by the new facts from the Nokia deal than it is from any potential 2G/3G settlement.
Not that insider sales have mattered, but Bob sold approx 40% of his holdings (approx 80,000 shares)
For those contemplating the Samsung delay. While a possible 2G/3G settlement is one option, the other may simply be that the Nokia settlement required extra briefing by the parties, particularly with respect to the MFN rate. That is, Nokia paid less than what the arbitration panel awarded (e.g., there is some monetary value to the 3G true up), so the Samsung panel has to consider what Nokia's actual rate was. The delay may simply be in calculating Samsung's 2G numbers using Nokia's actual rate. I am not advocating this is what is, in fact, occurring. Just one option.
Actually, Spree said if the stock isn't up 1 or 2 points, he'd stop posting. But, since the market was so dreadful, we can give him a break.
i'm not saying we wont see green. Spree predicted one or two points up without news, i'm pretty confident we wont see that (without news)
While I'm not happy about the stock price (and wish you were right for my own investment purposes), the nice silver lining will be you not posting for a month. See you in August.
There is a lot for sale at 35. Should be interesting to watch if, when or how we break through it.
Not true. First, IDCC did not move for summary judgment, it moved to dismiss. IDCC can't move for summary judgment until discovery is over, many months from now. Moreover, Special Master has no such power.
There is nothing to be sealed. Discovery is not filed with the Court, just a notice saying it has been served. In anticipation of your next question, I understand the discovery will be served on the Special Master per the Order, but that still will NOT be on file with the Court. Short answer, there is nothing for you to view.
Moreover, if anyone thinks this will remotely speed up the case, it won't. This is typical discovery questioning, Nokia will list every statement IDCC has every made remotely close to saying it has important or essential patents, and then give a catch all that Nokia needs more discovery to learn more. Happens all the time. It's routine. And, will not advance the case toward early resolution.
I'm glad I was wrong on the stock price. As for legal issues, even I would not dare to predict that. I have no idea what is going on. Could be ICC delay or discussions between the party, no way to tell. As for Nokia, I expect that case to go on for a good deal longer.
Unfortunately, it looks like our run has hit a bit of stall or slide. We need some news to keep the momentum going.
I don't think....
this is entirely good news, but rather balanced. On the positive side, with a good news announcement it creates a lot of pressure and will likely exaggerate any move to the upside. On the negative side, without news, the greater percentage of short interest holders will put a greater influence on the price to the downside, making it harder for us to hit higher highs. Let's not forget, the shorts create at least an artificial barrier to moving further upward by their desire to keep the price down...having a greater artificial wall to climb is not an all out positive. That said, let's hope they get caught inside a good news announcement to our benefit.
With a heading like that, you might want to put ("old news") first
Is this a new rating? When was it released?
Volume has slowed down significantly. We were at over 1 million at lunch, and only approx 200,000 since then.
There is no written reply, this is a notice of deposition, which is oral. That said, there is a transcript which will inevitably be sealed (as you indicated).
To assume that is to assume that rational people sold in advance of good news that would raise the stock price. I think there is neither good nor bad news in the very near future and that the executives just thought this was a good price to sell some portion of their shares.
Well, I hope you all are right. I, for one, am skeptical and expect a bumpy day. Hopefully a strong market will provide some support.
But, it was a lot more than 5%. It was 17% of Merritt's and 27% of Fagan's holdings. If they knew good news was coming, why would they sell such a large position?
What is your theory as to why any rational person would sell stock if he or she knows good news is about to be released that would raise the stock price?
I dont think a sale in and of itself doesn't exude confidence or is even a problem, this is a form of compensation. Its the size of the sales that bothers me. If nothing else, we've given the option writers and shorts a reason to run this down a bit tomorrow. If we can hold on in the face of this, I will be quite impressed (hope i will be).
While those numbers are better, I still consider them significant.
What troubles me is that Meritt sold 50,000 shares. Again, I dont care if he sells some, but $1.5m and a decent percent of his overall holdings is another story.
I dont care if they sell, this is part of their compensation. BUT, and this is a big BUT, these are HUGE sales. Fagan sold more than 50% of his holdings, and our CEO sold nearly 40% of his holdings. That does not exude confidence. There is no reason these guys needed $1.5 million right now.
I guarantee that will not happen. This is routine.
That's not what's happening here. Its a simple discovery dispute, and the Special Master resolved it. Nothing will come of this, except that IDCC will have a little more facts as to what Nokia is basing its claim on.
the special master is just overseeing discovery. IDCC asked Nokia to provide it with the statements it contends are false, and the Special Master is apparently agreeing that IDCC is entitled to that information.
No, that's not correct. Nokia does not have to "prove" anything. It simply has to provide IDCC and the Court with the statements on which it bases its Lanham Act claim. These are simply assertions, and nothing has to be proved until trial in 14 months (at the earliest). And, note that Nokia will undoubtedly say that there are numerous other assertions it is currently unaware of, and intends to learn about them through discovery. This is an initial disclosure and only requires NOkia to provide its current assertions. Nothing more.
interesting. We've trading for 2.5hrs and have approx 700,000 shares. We have 4 left, meaning, at this pace, another approximately 1.2 million. Which equals 1.9 million.
Now trading........
down 50 cents in premarket, with the ask slowly falling (though, on less than 2000 shares). I dont mind if we have one give back day after this great run, i just hope its a small amount ($1 or less). So, long as we stay above $30.50, I'm happy.
Down .22 cents in pre-market, but bid already back up to $30.50. And, the trade was only 800 shares.
2nd IDCC mention in on-line IBD:
InterDigital Communications (IDCC) jumped 1.34 to 30.67, its tenth straight advance. Last week, the wireless communications equipment maker guided second-quarter sales between $291 million and $293 million, well above views of $244.6 million.
IDCC in today's Investors Business Daily
The full article mentions many stock movers, and as to IDCC states:
InterDigital Communications (IDCC) climbed 80 cents to 29.81, a six-year high. The wireless communications equipment maker guided second-quarter sales between $291 million and $293 million, well above views of $244.6 million.
several trades of over 15,000 in after hours. Any information or speculation as to why all of the sudden there is so much volume, and so many purchases of 5000 shares or greater?
FWIW, my broker indicated that the "slow down" during lunch time might have been the result of trading through a large block. She indicated that such an activity would not be uncommon when a stock hits a new high, and that she was seeing evidence of a block changing hands.
$30 printed