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since the arbitration is not about patent validity, then i dont see how or why the UK rulings are relevant....
correct me if im wrong, but the "hockey stick" and "calculator with a lot of digits" were used to describe overall 3g industry growth--NOT idcc's revenues......as for watershed event/nok and sam owe us x, well thats not over yet.....and to assume management has failed on that is ludicrus......
management's BS? or this board's BS?? eom
before you consider this to be "bad" news, why dont you look at nokia's litigation history and check how sucessfull they were......bottom line, they werent.....this is their standard procedure.....not just for us, but for everyone......remember how long it took them to start paying qcom??? they're a bunch of slimy a...holes that have no regard for intellectual property......i hope the ICC kills them...
if ericy is any indicator, then im perfectly fine with a delay.....i dont know why everyone is so scared over that scenario......
verizon is NOT a licensee, nor should they be, b/c they do not manufacture wireless equipment....
OT: whats idcc's beta?
http://finance.yahoo.com/q/bc?t=5d&s=IDCC&l=on&z=m&q=l&c=&c=%5EIXIC
likely mkt related.....imho.....eom
i dont think anyone ever said it was NOT institutional.....i know many of us were trying to figure out which "type" of institution it was.....and my PROFESSIONAL guess was hedge funds/other ST prop firms.....
wow, DD
again, you nailed it.....we are the most micro-analyzed company by far....and overall sentiment here DOES have an impact....
re: institutions.....people should know the difference betw mutual funds and hedge funds.....the mutual funds for the most part should still be here....maybe some are trading around their positions before the arb.....but imo, they're usually in for the long haul......i believe some here STILL fail to grasp though the power hedge funds and smaller proprietary trading firms can have on a stock like this....these guys dont have the names like morgan, merrill, lehman, fidelity, heartland--yet they are VERY big and powerful....
thats pretty much what ive been trying to say all day....excellent post...
ronny-
If the selling volume is coming from hedge funds, I do consider them to be institutional investors.
i understand......the point i was trying to make is that many hedge funds nowadays care about the next 2 minutes instead of the next 2 years......they realize they can drop 20k short on a stock like this and completely set everyone in a panic.....while they certainly have the strength and power of many traditional institutions, they many times do not "act" like them.....thats why i highly doubt there were big funds selling much on really a non-event....
in this particular case, i consider hedge funds to be 'non-institutional.' i predict they're the ones that prey (and have been preying) on the board 'sentiment.'
ams/ranger-
considering our small float--absolutely.
doesnt really matter imo, although yahoo lists it as 5.898....
bob, i follow both in real time.....and yes, we have been close...
nieves and davids.....sometimes im not sure why we even bother.....a bigger mystery is how that guy passed the bar exam....
naz went from up 15 points to down 15!!!
mschere-
unbelievable how quickly this board goes from most intelligent internet chat room to the dumbest.
markets are up a ton, likely due to crude oil tanking huge...eom
S&P futures went from up 10.00 or so to down 6.50.......thats quite a big market move......
gman, yep.....there was a quote that came out from FA that mentioned they were raising rev's due to upped guidance, yet cut the stock rating due to valuation.....i understand marsala's POV, and have no problem w/it....
yeah, things are 'ok.' hope all is well in NC..
first albany raises price target to $21, earnings estimates for 04 and 05, yet cuts us to neutral....interesting..
thanks mschere....so taking that into account, would you still value IDCC at 20% of QCOM's mkt cap? tia
mschere, question--how much of QCOM's revenue comes from its IPR licensing vs other things, like chip sales?
also....taking into account yesterday and today's all time high of the euro vs the dollar--how much has nokia now in effect saved by going to arbitration? TIA.
this ties into something mschere used to point out frequently......especially now that the euro is at an all time high vs the dollar.....btw mschere....by your caculations, taking into account today's all time high euro, how much has nokia saved by stalling?? muchas gracias.
jim.....i could be wrong, but i believe this mostly has to do w/ our move back into the russell 2000 and nothing else.....mho, hope all is well...
DD, you said:
What could make IDCC change its position on this reserve? IDCC now feels that EXCLUDING INCOME FROM ARBITRATIONS AND LAWSUITS, that it anticipates generating taxable income to use up $27 million of this reserve. In order to use up $27 million of the reserve, at an effective tax rate of 34% as stated in today's release, IDCC expects on a conservative basis to generate $79 million (27 million/34%) taxable income in the future.
is there a timeframe for the "future?" does this 27 million reserve expire after a certain amount of time? if not, then what would be your guess as to the timeframe? tia.
where's jimlur? i wonder if he can mention that to one of our analysts in time for the CC....
im actually changing my prediction (+ or - .50 on the day)......i have a feeling smarter heads will prevail esp when you consider QCOM made the same accounting change recently (yet they're just off 52 wk highs).....but keep trying though.....i know you enjoy the potential for pain....
mschere....where does it say that the company will provide 2005 guidance during the CC? tia..
i agree gman, but part of that is our fault for setting such a negative tone, and welcoming such an event.....its like we say: "thank you sir, may i have another!!"
although i have to admit that these types of events are not as bad as they used to be......institutions know whats up, and they know nothings changed.....you can bet they'll be buying on weakness....
(edit) i think they did show pro forma earnings in the PR...."$29.2 - 29.7" i believe is what revenue wouldve been, which is w/in the company's range of 27-30 mill/qtr.
sjratty--its a self-fulfilling prophecy.....as long as everyone here keeps expecting it to happen (despite the fact its "unwarranted"), it will happen.....so if you want it to fall, keep it up....mho
im just hoping by now that institutions that read this board know specifically whose posts to read (Desert_Dweller, rmarchma, mschere, etc) and whose NOT to read......
gman....look a little closer to the PR (and to DD's explanation)....bottom line--everything we're losing this qtr in terms of earnings will be made up next qtr.....any institution that sells on this is flat out dumb, and ultimately uninformed. this doesnt change anything.
OT: good morning amigo.....tc has a lifetime ban on IHUB....you can find him over at the old RB club board:
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB00004
hope all is well.
OT: DAMN--you beat me to it, LOL!! eom
10 yr patent lawsuits are not the norm. im guessing any future litigation wouldnt last more than maybe 2-3 yrs...
the system will enforce it if necessary. this isnt 1992 w/poorly written patents/contracts, no markman hearing(s), and an idiot judge who doenst know the difference betw a portable landline phone and a mobile phone. the times are different. and if you dont believe it, ask NEC, sharp, HTC, etc...