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This is all foreplay. If earnings and guidance are strong, so will be the market reaction.
I always appreciate your patent updates, DR, both for Qualcomm and InterDigital. It's nice to see so many display/Mirasol patents in this batch. Mirasol is a great growth opportunity, if they can produce displays at a reasonable pace and price.
Thus, the issue of patent counting versus commercial value. Still waiting for InterDigital to declare its position on a fair 4G rate.3G has taught me the only metric that is important to licensing, is what revenues flow from a company's portfolio.Blanket assertions that LTE will be greater in rate/ease than 3G is simply hollow hope, until/unless proven otherwise. IDCC was supposed to be in its sweet spot with 3G. We now can see how overstated that was. Incidentally, I agree with all who feel IDCC stock is undervalued, and continue to hold my long position as a result.
If one were to take the revenues earned from IDCC's 3G licenses with 50% of the available market, and double it, then compare it to the revenues booked by Qualcomm's QTL segment, one could loosely have a sense of the relative values of their respective 3G patent portfolios.
If you want to discuss your emotional view of QCOM stock, take it to the QCOM board. The issue is, what are the reasonable expectations for IDCC's ability to sign LTE licenses with all players, and on what terms/rates? And, what lessons should we learn from IDCC's experiences with 3G licensing?
It is not meaningful nor productive to make quantitative comparison between IDCC's patent portfolio, and that of Qualcomm. Didn't you learn from what happened in 3G licensing? It is the commercial importance ("value","quality")of the relevant patents, not their absolute number, that determines both the the ease of licensing them, and appropriate terms, including rate.
Right, Ericsson - that "honorable company".
My question was sincere, and made as an IDCC shareholder. If you want to discuss QCOM, take it to that board.
If the rumours that Infineon will be replaced as the baseband supplier in the next iPhone prove true, how much revenue per quarter will IDCC lose from what they currently yield from iPhone sales? When does the fixed fee licensing agreement we have with Apple expire?
TIA
I was simply pointing out that options expire this Friday, so volume may be greater as they unwind.
Options expire Friday. Don't pay attention to the volume until next week.
Broadcom just announced a definitive agreement to acquire Beecem.
Why has IDCC still failed to disclose its LTE royalty demands/expectations? And, why the utter lack (other than Pantech) in signing any LTE stand alone licenses?Is this, like 3G, reflective of the disconnect between the quantity of applicable essential/relevant patents, and their quality/commercial value?
So, you are stating that if there is a CAFC reversal, then there can be no retrial, no appeal to the full Commission, and no "Presidential waiting period"?
Even if the CAFC were to reverse, wouldn't there still need to be a new ITC trial, followed by an opportunity to appeal to the Commission, followed by the expiration of the Presidential Waiting Period, before any remedies became effective?
IDCC may or may not win the appeal, but assuming they will, because their briefs say they should, is silly. Reversals happen less frequently than are cases affirmed.The same people who opined that IDCC couldn't lose at trial, are now saying the same on appeal. Overturning the trial court is always betting against the odds.
You're whistling past the graveyard.Betting for an appellate reversal is always betting against the odds.
When Qualcomm bought Iridigm, it appeared they were willing to spend much time and money evolving the science into reality. If they could pull it off, and find a way to scale up with good color saturation, and produce product at a competitive cost, there would be a large addressable market, and high barriers to entry. Just today, Samsung announced it would abandon its color e-ink development efforts, and instead manufacture color LCD screens next year for e-readers. Low power, outdoor readable, color screens are the grail for a variety of mobile device form factors.
Now, after building a $1 bil 4.5G factory with Foxlink, called Sollink,where they began to manufacture 5.7" color Mirasol screens 4 months ago, they have decided to build a higher capacity factory for $2bil of our money. To me, this signals the most promising new growth opportunity I've seen in the past decade. I feel we're on the brink of a new paradigm.
That's not an opinion;it's pure, irresponsible conjecture. Opinions are based upon facts, not pipe dreams.
The latter. LTE is an international standard.(And, Clearwire is merely "testing" LTE, and has not "thrown in the towel on WiMAX", since it continues to open new WiMAX markets.)
If Intel were to buy Infineon, what would happen if ARM refused to grant the new company a license?
What is the wholesale price above which royalties are capped?
AH last was 34.45, and total AH volume was approx. 629,000. Anybody know how many shares traded AH over 34? At 34.45?
TIA
Oh, does IDCC have an LTE chipset? I wasn't aware that they had reentered the chip business, after SlimChip failed to materialize as a competitive product.
Re: routine extensions and what you are missing
Generally, extensions are requested because of the press of other business,illness, vacations, and scheduling conflicts. If one were to refuse an adversary's request, what do you think would happen if he were to need a little collegiality and accommodation in the future? What goes around, comes around. It is best for advocates to save their hard ball tactics for important matters of substance and procedure, not scheduling issues. Lawyers who litigate patent disputes must function in a finite community, and must be able to talk to each other, if they intend to best represent their clients. Reputations for civility or incivility are made by how one conducts himself/herself professionally, and are well known among one's colleagues.And,if one were to act as you suggest, the magistrate or judge would likely grant the extension by motion, anyways.
No way? A low, fixed fee license, with the growth story of the smart phone market? Only the Infineon chip revenue is unit based, and allows IDCC to participate proportionally in Apple's success. But what happens if Infineon loses the baseband chip socket for the iPhone, whether their next iPhone 4G due out this Summer, or a successive one?And, still no license with Apple's ODM. It's something of value, but could be far better.
Mickey, that's as accurate and sophisticated as most of your other posts. I'm an only long investor, who continues to be frustrated that my shares of IDCC are undervalued. If you could get past blind cheer leading and defensive name calling, you'd be a better poster.
He's a fine lawyer. Do you think Nokia won't have fine lawyers? It's the merits of an appeal, along with the judges assigned to the case, that ultimately determine the outcome.
Mickey, when you learn why Qualcomm's trailing GAAP P/E is misleadingly high, and why their market cap is what it is, you'll have some insight into why sophomoric comparative metrics are meaningless.
The appeal from Judge Batts' order, and the appeal from the ITC trial, have nothing in common, other than being appeals. And, though you'd like to characterize Dunner as being more than a good lawyer, he's not.
Jim, Qualcomm does not yet have a publicly announced direct license with Apple. To date, their only Apple related royalties come from the OEM/ODM and Infineon, and only related to the iPhone 3G. That may change soon, however, if Qualcomm chips are found in the upcoming Apple tablet and/or iPhone 4G products, as rumored.
If Nokia had to appeal, they would have lost the negotiating leverage. When IDCC had to appeal, they lost negotiating leverage. I am confident a license will eventually be signed, but leverage affects the timing and terms. Any losing party has the right to appeal,but the odds of winning favor the appellee.(Every trial court loser, while being carried out on a stretcher, vows to appeal.)
Mickey, there's been a judicial finding of fact, based upon the evidence offered by the parties, that none of the claims of the asserted patents was intersected (infringed) by any Nokia product sold in the U.S.A. That's the end of the story, unless IDCC wins the appeal and a subsequent trial, or asserts different patents in a different action and can meet its burden of proof.
They lost the trial. They lost negotiating leverage. They lost time. They lost money. That's more than enough losses.
Thanks for the link that proved the accuracy of my point.I never said IDCC lost all issues, just that they lost the trial. "No infringement" means they lost the case.Don't look to the Rambus case, because the patents and products were different, as was the evidence. We lost on the facts (i.e. on the evidence).
Mickey, you just made that whole rap up.Validity, enforceability, and infringement, were all issues from start to finish, and all were tried. IDCC lost the case on the merits, and now bears the burden of overturning the trial court, and getting a new trial with different claims construction. The odds favor Nokia, since they won at the trial level.In every case, someone wins, and someone loses. Results at trial are inherently unpredictable. That's why it's always preferable to control your own fate, through negotiation and compromise.
Sorry to burst your bubble, but corporations and their money influence were running this country long before the recent SCOTUS decision.
Unfortunately, IDCC was unable to make such a sanctimonious statement after their ITC trial. They forgot the first rule - win.
Mickey, I think you're as dense as a fence post, and Merritt understands the difference between CDMA/WCDMA and OFDMA. You'd better dream up another fantasy, because this dog don't hunt.