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They can still sign licenses electronically !
If their cleaning crew quits, they may be up shit's creek without a paddle !
And how is their licensing of the 5-G going ?
Titan Medical Announces Departure of Director Domenic Serafino
Business Wire
February 11, 2020
Titan Medical Inc. ("Titan" or the "Company") (TSX: TMD) (Nasdaq: TMDI), a medical device company focused on the design and development of a single-port robotic surgical system for application in minimally invasive surgery ("MIS"), announces that Domenic (Dom) Serafino has resigned as a Director of the Company. Titan has begun the process of seeking qualified candidates to fill this vacancy.
In tendering his resignation to the Board, Mr. Serafino cited the increased amount of time he will be spending as CEO and a Director of Venus Concept following its November 2019 merger and subsequent transition to being publicly traded on Nasdaq.
"Dom has been a valuable member of Titan’s Board of Directors since June of 2018. We thank him for his service to our Company and our shareholders, and extend best wishes for continued professional success," said David McNally, President and CEO of Titan Medical.
don't you mean BUY - BUY OR BYE - BYE ? ?
SO, AT 40 MILLION SHARES AT A FIRESALE PRICE OF 500 MILLION, IT GIVES 12.5 PER SHARE.
COST PER SHARE IS $0.50 PER SHARE, nixw profit of #12 per share.
I THINK I WILL SCOOP 100,000 SHARES THIS WEEK.
GREAT TIP.
THANKS.
PS: When will the fire sale take place? I can't wait.
InterDigital Appoints Rob Stien Chief Public Policy Officer
GlobeNewswire
February 4, 2020
WILMINGTON, DEL., Feb. 04, 2020 (GLOBE NEWSWIRE) -- InterDigital, Inc. (IDCC), a mobile and video technology research and development company, today announced the appointment of Rob Stien as Executive Vice President, Chief Public Policy Officer.
Mr. Stien joined InterDigital in May 2014 as Vice President of Government Relations & Regulatory Affairs, with more than 15 years of experience in law, government, and the telecom and tech industries. Prior to joining InterDigital, Rob served as Vice President and General Counsel for Artemis Strategies, advising Fortune® 500 companies on government relations and strategic communications, as well as Director of Congressional Affairs for SAP America, where he worked closely with senior executives and government officials to address U.S. policies and regulations and developed many relationships with key industry associations and coalitions. From 2001 to 2005, Rob also served as counsel and Deputy Chief of Staff to U.S. Representative Lee Terry (R-Nebraska), a senior member of the House Energy and Commerce Committee.
Mr. Stien holds a Bachelor’s degree in Business Administration and Management from the University of Florida Warrington College of Business, and received his Juris Doctor degree from the Catholic University of America Columbus School of Law.
posilock -- No money in the bank (where is your $50 million?, no funding (where is your $45 milliion that you said was coming soon?), development suspended.
Sounds to me like this is their last ditch effort to save face and beg for money and apologize to shareholders.
They need $125 million ! Then what? Another $125 million or more?
Like the TITANIC, looks like their ship is sinking fast ! ! !
I wish them luck !
posi -- type error; should have been $45 million.
None the less, show me in writing where they have that much cash in the bank.
From the press release:
posilock: Please back this up with PROOF that Cambridge gave them the 450 million in cash.
We shareholders need to see it in writing from a reliable source.
dndodd: he said in his post:
dndodd: Sorry if you feel I was shouting. I have glaucoma in both eyes and reading normal print is difficult. With capital letters, I am at least able to read what I typed.
WHO TOLY DOU ABOUT THE CASH IN THE BANK?
CAN'T BE ANYONE FROM TITAN; THEY CAN'T MAKE SUCH AS STATEMENT TO ONLY ONE INDIVIDUAL. SEC RULES.
GIVE US THE PROOF!
WHO TOLY YOU THEY HAVE MONEY IN THE BANK AND ARE EXPECTING MORE SOON?
InterDigital Applauds Launch of Halcyon Principles for Connected Intelligent Technologies
New guidelines for building modern digital technologies cites InterDigital as principal sponsor
Company Release - 1/28/2020 9:15 AM ET
WILMINGTON, Del., Jan. 28, 2020 (GLOBE NEWSWIRE) -- InterDigital Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced its praise for the release of the Halcyon Principles, a set of guidelines for the ethical development of modern digital technologies. InterDigital served as the principal sponsor of the new industry-focused best practices, presented by Halcyon to help guide digital technology companies in building trust among stakeholders and continuity across industries around intelligent technologies.
The Halcyon Principles were developed as the result of a two-day dialogue with leaders from across the U.S. government, industry, civil society, academics, and think tanks to create a set of guidelines to help maximize the societal benefits and mitigate any risks associated with the deployment of integrated digital technologies. The principles outline four steps digital technology companies of any size and at any stage of business development can use to engage in the creation and deployment of connected intelligent technologies, while addressing privacy, competition, and other concerns. Namely, the principles offer important guidance around performance accountability, consumer safety, privacy and security, ensuring positive benefits to society, and interoperability and competitiveness.
“We are excited to welcome the new Halcyon Principles, which should help guide the ethical development of some of our industry’s most beneficial and highly anticipated digital technologies,” said Rob Stien, Vice President of Government Affairs at InterDigital. “As our innovations evolve and our technological capabilities expand to include AI and machine learning, edge and cloud computing, 5G networks, and beyond, we need clear and collaborative guidance to ensure the benefits of this growth are understood and broadly shared. We’re honored to sponsor this vital initiative, which we believe will encourage ethical policies around the development of intelligent technologies by businesses across the industry, including our own.”
Halcyon, the organization responsible for convening the dialogue, is a Washington, D.C.-based nonprofit dedicated to lifting up people and ideas that drive the world forward. Halcyon has previously hosted dialogues on topics like the futures of robotics, food, and transportation, and is the home of the Halcyon Incubator for social enterprise ventures.
“The public has legitimate questions about privacy, transparency, and accountability when it comes to intelligent technologies,” said Halcyon Chief Operating Officer Josh Mandell. “We convened this dialogue to help identify a middle ground that could give consumers the clarity and security they want, while recognizing the speed of innovation in this field.”
The Halcyon Principles will be released as part of the 16th State of the Net Conference, an annual internet policy forum dedicated to fostering a dialogue on the internet ecosystem’s most pressing policy issues. The conference, hosted by the Internet Education Foundation, features perspectives from Congressional staff, policy makers, and tech industry leaders.
To view the complete Halcyon Principles, please click here.
InterDigital Announces Date for Fourth Quarter and Full Year 2019 Financial Results
Company Release - 1/27/2020 5:30 PM ET
WILMINGTON, Del., Jan. 27, 2020 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company will release its fourth quarter and full year 2019 financial results before market open on Thursday, February 20, 2020. InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time to discuss the company's financial performance and other company matters.
For a live Internet webcast of the conference call, visit http://www.interdigital.com and click on the link to the live webcast on the Investors page. The company encourages participants to take advantage of the Internet option.
For telephone access to the conference, call +1 (800) 353-6461 within the United States or +1 (334) 323-0501 from outside the United States. Please call by 9:50 a.m. ET on February 20th and give the operator conference ID number 6761771.
An Internet replay of the conference call will be available on InterDigital’s website in the Investors section. In addition, a telephone replay will be available from 1:00 p.m. ET February 20th through 1:00 p.m. ET February 25th. To access the recorded replay, call +1 (888) 203-1112 or +1 (719) 457-0820 and use the replay code 6761771.
thanks
Haven't seen a press release on IDCC website. Are you sure of the date?
IF THEY PRACTICE TRANSPARENCY, THEN LETS SEE THIS IN THEIR ANNUAL REPORT TO SHAREHOLDERS IN THE FORM OF LICENSEE INFORMATION (NAMES OF COMPANIES, TYPE OF LICENSE (which g'S), license periods, and type of royalty(fixed, per unit, etc.).
jmo
A Trio of Stocks to Enhance the Quality of Your Portfolio
GuruFocus.comJanuary 17, 2020
InterDigital
InterDigital Inc (NASDAQ:IDCC) was the third company I found. Based in Wilmington, Delaware, the company is a designer and provider of technologies that enable and enhance wireless communications.
InterDigital has a current ratio of 3.0, which is higher than the industry median of 1.06.
InterDigital' trailing 12-month working capital was $845 million and its trailing 12-month long-term debt was $317.4 million as of the last full fiscal year ended on Dec. 30, 2018.
View photos
GuruFocus assigned a positive rating of 5 out of 10 for the company's financial strength and a high rating of 8 out of 10 for its profitability.
Shares of InterDigital Inc were trading at a price of $59.59 per unit at close on Thursday for a market capitalization of $1.86 billion.
According to the Peter Lynch chart, the stock is not cheap.
View photos
Wall Street issued a buy recommendation rating and an average target share price of $94.60.
Disclosure: I have no positions in any securities mentioned.
Limejuice: Thanks for the B Riley link. Great to see it in print.
pmontx16: how can something that is not even a 'tried and tested' true product be worth billions of dollars and still have a market cap of 20 million?
Wall Street is the better judge of the value is as it stands right now. No product, no sales, no buyers, no nothing except an idea (for lack of a better description) that is not yet approved by the FDA.
IF the psatents were that valuable, wouldn't someone like JnJ, Baxter Labs, Abbott Labs, and other big names, in addition to wannabe's be sitting on Titan's doorsteps with money in hand to buy them out?
At this point, billions are only a pipe dream and wishful thinking from someone that is down and frustrated by the faialures of their investment.
lurker: where can we find the analysis where this is discussed? It would be good to read the entire report or article.
Sounds like something mickeybritt kept bringing to the board.
tia
At this point, I would recommend holding shares and here's why:
If your average price is $10, you are down $95% at the $0.50 level;
If your average price is $5' you are down 90% at the $0.50 level
If you didn't sell at year end to take a tax loss, wait until year-end 2020 and decide at that point whether to sell for the tax loss or hold for another year.
IF, by some reason for a hail mary (or maybe a rosary of hail mary's) the stock moves up respectfully, then your loss es will be cut down by the amount of share price increase;
IF there is a sale, you MIGHT get something from the liquidation;
IF the company goes 100% belly-up, your loss is at 100% and you take a tax loss on the entire investment.
The smart money got out before the raises and reverse splits. The dreamers hung on hoping for a grand slam in the 9th inning of game 7 of the world series.
As to a class action lawsuit, you will get little if anything in a settlement id there is ANY monwy derived from the company.
JMO
Those Who Purchased InterDigital (NASDAQ:IDCC) Shares Three Years Ago Have A 39% Loss To Show For It
Simply Wall St.•
January 11, 2020
For many investors, the main point of stock picking is to generate higher returns than the overall market. But if you try your hand at stock picking, your risk returning less than the market. We regret to report that long term InterDigital, Inc. (NASDAQ:IDCC) shareholders have had that experience, with the share price dropping 39% in three years, versus a market return of about 50%. The silver lining is that the stock is up 1.9% in about a week.
View our latest analysis for InterDigital
While InterDigital made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. It would be hard to believe in a more profitable future without growing revenues.
Over the last three years, InterDigital's revenue dropped 28% per year. That's definitely a weaker result than most pre-profit companies report. With revenue in decline, the share price decline of 15% per year is hardly undeserved. The key question now is whether the company has the capacity to fund itself to profitability, without more cash. The company will need to return to revenue growth as quickly as possible, if it wants to see some enthusiasm from investors.
You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).
NasdaqGS:IDCC Income Statement, January 11th 2020
NasdaqGS:IDCC Income Statement, January 11th 2020
More
This free interactive report on InterDigital's balance sheet strength is a great place to start, if you want to investigate the stock further.
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, InterDigital's TSR for the last 3 years was -35%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!
A Different Perspective
While the broader market gained around 27% in the last year, InterDigital shareholders lost 20% (even including dividends) . However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 3.1%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. Shareholders might want to examine this detailed historical graph of past earnings, revenue and cash flow.
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
https://finance.yahoo.com/news/those-purchased-interdigital-nasdaq-idcc-143640975.html
I believe that 'INSIDERS' are defined as senior level management (Directors, CEO, CFO, COO, and Upper Management Decision Makers of the company). These are people who make policy decisions and know what is truly going on within the company.
I as a shareholder could own 10% of this company, not be affiliated in any way be employed by the company, or have any decision making abilities. I WOULD BE NOTHING MORE THAN AN INVESTORS WHO OWNS A LARGE CHUNK OF THE COMPANY but have strict reporting guidelines on buying or selling shares of the copany.
A janitor or maintenance worker or bathroom cleaner working for the company could own 10 shares of stock IS NOT CONSIDERED an insider. He is just an employee who happens to own a token amount of shares because he thinks it is a good idea or investment.
if A FIRM (INSTITUTIONAL OR OTHERWISE) HAS a atake of 5% or more, they are required to file some document about owning 5% or more of the outstanding shares of the company.
dndodd: how about ------
SCREAMING BUY -- by mickeybritt!
hrbart: 1 down; 3 to go (Huawei, Lenovo, and Xiaomi) before we are let into the promised land.
It's not 'if' but 'when' these things come to be. Let's hope it doesn't take as long as ZTE did.
I'm still holding a lot! You still in big time or just a smaller stake?
GOOD TO HEAR FROM YOU. Hope 2020 is good to you!
I think the court filing was the LASt part of the lawsuit. It is a confirmation that the deal was done and everything is over.
I don't think the courts need to know any particulars about the financial transactions.
JMO
It is difficult to put together a guidance report giing information WITHOUT reporting important information.
Soon they will provide a report with redacted figures !
lol
this is great ! ! ! do i buy monday at the open ? ? I have $50 grand to invest. my shovel is poised for a major scooooop ! ! !
OR maybe they are too busy tring to secure additional funds or trying to sell this company or its patents that they have NO TIME to deal with press releases and explanations ! ! !
MAYBE BECAUSE OF THE FOLLOWING STATEMENT AS TO UPDATING GUIDANCE THAT MANY COMPANIES ADOPT
TWe undertake no duty to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise except as may be required by applicable law, regulation or other competent legal authority.
InterDigital to Present at 22nd Annual Needham Growth Conference
Company Release - 1/3/2020 4:30 PM ET
WILMINGTON, Del., Jan. 03, 2020 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company will be presenting at the 22nd Annual Needham Growth Conference in New York, NY on January 15, 2020. The presentation will take place at 4:10 PM ET, and will be webcast live and accessible through the Investors section of the company's web site, www.interdigital.com. An archived replay of the presentation will also be available following the conference.
My shovel is ready to SCOIOOOOOPPP !
Who is holding this stock at the $0.50 level?
I'll hang in there, waiting for 40.25 and not bottom fish at $0.20.
SCOOOOOOOP ! ?
'Titan Medical ... has entered into a Common Share Purchase Agreement ... with Aspire Capital Fund ...where Aspire Capital has committed to purchase up to US$35.0 million of common shares of Titan at Titan’s request from time to time, until June 23, 2021 This new Agreement replaces the prior Common Share Purchase Agreement announced on August 29, 2019, which has been terminated upon entering into this Agreement.
wondering what the august 2019 agreement covered in terms of time and amounts !
Also, will they be around in 2021 or is this just a way of getting some pocket money to pay salaries and bills?
From the price movement, doesn't appear that this is any promising news for the share price !
JMO
Titan Medical Announces New Common Share Purchase Agreement With Aspire Capital Fund of up to US$35 Million
Business Wire Business Wire•December 23, 2019
Titan Medical Inc. ("Titan" or the "Company") (TSX: TMD) (Nasdaq: TMDI), a medical device company focused on the design, development and commercialization of a robotic surgical system for application in minimally invasive surgery ("MIS"), announces that it has entered into a Common Share Purchase Agreement (the "Agreement") with Aspire Capital Fund, LLC ("Aspire Capital") where Aspire Capital has committed to purchase up to US$35.0 million of common shares of Titan at Titan’s request from time to time, until June 23, 2022. This new Agreement replaces the prior Common Share Purchase Agreement announced on August 29, 2019, which has been terminated upon entering into this Agreement.
Other terms of the Agreement provide that:
Titan will control the timing and amount of the sale of its common shares to Aspire Capital.
On any business day, Titan shall have the right to direct Aspire Capital to purchase up to 100,000 common shares with a value not exceeding US$500,000.
The purchase price shall be equal to the lesser of: (i) the lowest sale price of the common shares on Nasdaq on the purchase date, or (ii) the average of the three lowest closing sale prices of the common shares on Nasdaq during the 10 business days prior to the purchase date.
In addition to the regular purchases, Titan shall also have the right to require Aspire Capital to purchase up to an additional 30% of the trading volume of the common shares for the next business day at a purchase price equal to the lesser of: (i) the closing sale price of the common shares on Nasdaq on the purchase date, or (ii) 97% of the next business day’s volume weighted average price on Nasdaq (each such purchase, a "VWAP Purchase"). In no event shall the purchase price for a VWAP Purchase be lower than the maximum allowable discount allowed by the Toronto Stock Exchange (the "TSX").
Titan shall have the right, in its sole discretion, to determine a maximum number of common shares and set a minimum market price threshold for each VWAP Purchase and there are no limits on the number of VWAP Purchases that Titan may require.
Aspire Capital will not be allowed to own more than 9.99% of the issued and outstanding common shares of the Company at any time without approval of the TSX.
The total number of common shares that may be issued under the Agreement shall not exceed 24.99% of the Company’s outstanding common shares as of the date of the Agreement unless the Company obtains shareholder approval in accordance with the rules of Nasdaq and the TSX.
In no event shall the purchase price for any common shares issuable under the Agreement be lower than the maximum allowable discount permitted by the TSX.
There are no warrants, derivatives, or other share classes associated with this Agreement.
Under the terms of the Agreement, Titan will immediately issue 973,000 common shares to Aspire Capital as a commitment fee (the "Commitment Shares").
Any sale of common shares by Aspire Capital is expected to be made to arm’s length parties. There are no rights of first refusal, participation rights, penalties or liquidated damages in the Agreement. Titan maintains the right to terminate the Agreement at any time, at its discretion, without any additional cost or penalty.
Titan will file a prospectus supplement (the "Prospectus Supplement") to the Company’s Form F-3 shelf registration statement (File No. 333-232898), which was declared effective on August 2, 2019 by the U.S. Securities and Exchange Commission, qualifying the offer and sale of common shares to Aspire Capital (including the Commitment Shares).
Under the Agreement, no common shares will be sold by Aspire Capital on the TSX or on other trading markets in Canada. The TSX has conditionally approved the issuance of common shares pursuant to the Agreement, and Nasdaq has completed its review pertaining to the listing of the common shares issuable under the Agreement and the Commitment Shares without any comments.
A copy of the Prospectus Supplement will be available on EDGAR at www.sec.gov or may be obtained upon request to Titan at the following address:
155 University Avenue, Suite 750
Toronto, Ontario M5H 3B7
Canada
Tel: (416) 548-7522
E-mail: info@titanmedicalinc.com
This press release does not constitute an offer to sell or the solicitation of any offer to purchase any securities, nor will there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
WHY NOT TITAN YOU ASK ?
' ...Verb Surgical's world-class robotics and data science capabilities combined with Johnson & Johnson's health care leadership and global reach advance the company's vision to make medical interventions smarter, less invasive and more personalized'....
Johnson & Johnson Announces Agreement to Acquire Remaining Stake in Verb Surgical Inc.
PR Newswire PR Newswire•December 20, 2019
Acquisition Advances Its Vision to Make Medical Intervention Smarter, Less Invasive and More Personalized
NEW BRUNSWICK, N.J., Dec. 20, 2019 /PRNewswire/ -- Dedicated to shaping the next frontier of surgery, Johnson & Johnsoni (NYSE: JNJ) today announced an agreement to acquire the remaining stake in Verb Surgical Inc. following a successful strategic collaboration with Verily, an Alphabet company. Verb Surgical's world-class robotics and data science capabilities combined with Johnson & Johnson's health care leadership and global reach advance the company's vision to make medical interventions smarter, less invasive and more personalized.
"We have reached this important milestone thanks to the progress the Verb Surgical team has made with their digital surgery platform and the strong collaboration with Verily, Ethiconii, and the clinicians around the world who shared their passion, deep insights and clinical expertise," said Ashley McEvoy, Worldwide Chairman, Medical Devices, Johnson & Johnson. "We are building a truly differentiated digital surgery ecosystem to change the standard of care for generations to come, and our collaboration with Verily has enabled us to advance our vision to help improve outcomes for patients around the world."
Andrew Conrad, CEO of Verily, added, "With Verb Surgical, we set out with an ambitious mission to successfully harmonize the talent and expertise of two pioneers to design a platform with the potential to transform surgery. This evolution in the collaboration recognizes the significant achievement toward that mission and I'm excited for the future of this technology in Johnson & Johnson's hands."
Combining groundbreaking robotics, enhanced visualization, advanced instrumentation, machine learning, data analytics and powerful end-to-end connectivity, Johnson & Johnson continues to strengthen its digital surgery portfolio. With a community of world-class experts, including Dr. Fred Moll, robotics pioneer leading digital surgery development; Ethicon's deep knowledge in surgery and instrumentation; Verb Surgical's leading-edge robotics and data science expertise; and Verily's digital technology and engineering expertise, Johnson & Johnson is well-positioned to bring its unique insights and experience in science, medical technology and digital solutions to medical interventions, including open surgery, laparoscopic, percutaneous and endoluminal procedures.
"The ability to shape the future of medical interventions with the largest health care organization in the world is what inspired me when Johnson & Johnson acquired Auris Health, Inc.," said Dr. Fred Moll, Chief Development Officer, Johnson & Johnson Medical Devices Companies.iii "With Verb Surgical's talent and technology, we will strengthen our portfolio and our ability to deliver our digital ecosystem to make a clinical difference for patients."
Johnson & Johnson has a presence in almost every operating room in the world and market-leading surgery products used in 75 million procedures each year. The acquisition of Auris Health, Inc. earlier this year accelerated Johnson & Johnson's entry into digital surgery with the Monarch Platform, kicking off a strong cadence of launches that will take place over the next several years. VELYS Digital Surgery will pave the way in orthopaedics with a platform that consists of connected technologies that leverage data insights for patients, surgeons and health care systems across the entire care continuum, before, during and after surgery.
The transaction is expected to close in the first half of 2020, subject to antitrust clearance and customary closing conditions. Financial terms of this transaction are not being disclosed.
About Johnson & Johnson
At Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. That's why for more than 130 years, we have aimed to keep people well at every age and every stage of life. Today, as the world's largest and most broadly-based health care company, we are committed to using our reach and size for good. We strive to improve access and affordability, create healthier communities, and put a healthy mind, body and environment within reach of everyone, everywhere. We are blending our heart, science and ingenuity to profoundly change the trajectory of health for humanity. Learn more at www.jnj.com. Follow us at @JNJNews.
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