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Nokia's press release
United - U.S. International Trade Commission rules in favor of Nokia
15.08.2009 | 00:53 Uhr
New York, NY, USA - Nokia announced today that a United States International Trade Commission (ITC) judge issued an Initial Determination in favour of Nokia in the action brought by InterDigital against Nokia. The case, filed by InterDigital, alleged that Nokia infringed four patents that InterDigital asserts to be essential for the UMTS (3G) mobile standard. The judge found that there is no infringement of the four alleged patents and therefore, Nokia is not in violation of section 337 of the Tariff Act.
The judge's Initial Determination, issued on August 14, 2009, is consistent with a previous judgment in the United Kingdom that found several InterDigital patents not to be essential to the UMTS mobile standard.
"As a leading innovator Nokia respects valid and used IPR and expects others to do the same", said Ilkka Rahnasto, vice president, Nokia Legal and Intellectual Property. "We are willing to compensate other contributors with what is fair and reasonable for such IPR, however in the case of unrealistic and unwarranted demands, we are prepared to ensure through litigation that our rights are protected. We believe this initial determination by the ITC combined with earlier UK court decisions provide a strong indication that the asserted value of InterDigital's 3G patent portfolio may have been over-estimated."
The judge's Initial Determination will now be forwarded to the full Commission for review. The Commission is scheduled to make its Final Determination by around December 14, 2009. Ahead of the Final Determination, Nokia will continue to present its case to the ITC.
About Nokia Nokia is a pioneer in mobile telecommunications and the world's leading maker of mobile devices. Today, we are connecting people in new and different ways - fusing advanced mobile technology with personalized services to enable people to stay close to what matters to them. We also provide comprehensive digital map information through NAVTEQ; and equipment, solutions and services for communications networks through Nokia Siemens Networks.
Media Enquiries:
Nokia Communications Tel. 1 914 368 0423 Email: press.services@nokia.com
If the ALJ made his ruling this morning could both parties ask him not to release his ID until they had completed additional negotiations?
I think you are correct. If there is no news of any sort, either from the courts or IDCC/Nokia, then that would mean a weekend settlement confab. Would not want to be a short or out of the stock if this is the case as there will be gap up on Monday morning.
It is now 11:00am at the court and no news. I am leaning toward a weekend stay request from IDCC/Nokia. IMO
Nice manipulation by the MMs.
08/13/09 11:17:56 31.133 31.13 31.16 250
08/13/09 11:18:14 31.133 31.13 31.16 0
08/13/09 11:18:46 31.133 31.13 31.15 0
08/13/09 11:18:48 31.133 31.13 31.15 0
08/13/09 11:18:50 31.145 31.13 31.15 100
08/13/09 11:18:50 31.1352 31.13 31.15 200
08/13/09 11:19:49 31.011 30.95 31.04 9037
08/13/09 11:19:50 30.96 30.96 31.04 9900
08/13/09 11:19:51 30.98 30.97 31.03 100
Gosh dang it...I was going into IHUB withdrawal.
dclarke....Many thanks.
After Hours Trade Reporting
Pre-Market Charts | After Hours Charts After Hours
Last: $ 31.50 After Hours
High: $ 31.50
After Hours
Volume: 3,841 After Hours
Low: $ 30.92
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
18:18 $ 31.50 100
18:12 $ 31.15 100
17:46 $ 31.15 100
17:25 $ 31.32 100
17:22 $ 31.10 150
17:19 $ 31.10 200
16:54 $ 30.94 100
16:54 $ 30.94 100
16:48 $ 30.94 100
16:48 $ 30.94 100
16:48 $ 30.94 100
16:46 $ 30.94 100
16:46 $ 30.94 400
16:44 $ 30.94 100
16:44 $ 31.16 282
16:44 $ 30.94 900
16:29 $ 30.92 509
16:12 $ 31.0767 200
16:12 $ 30.92 100
mysons87...I agree that the Ockham is not worth reading. I should not have posted the dribble. Although this is the type of misinformation we have been fighting for years.
Jimlur, if you can, delete my Ockham post.
If there are acquisitions that are immediately accretive to our bottom line I am all for going after them. But that is a management decision. However, I would prefer a dividend rather than buying a pig-in-a-poke.
Next installment due January 2010 with final installment July 2010.
Yes. $216.6 million cash on hand end of quarter equals roughly $5 per share. Add another $100 million (Samsung, in July) or about $2.30 per share equals over $7.30.
There are still nearly 18,000 shares at 29.00...if we bust through we could run up to 29.20 but then fall back. But they keep shoveling in shares below 29 to keep us down. I still believe though we will go through 29 before the end of trading day.
The MMs, who are the shorts and the option writers, need to clear their positions before we can move higher...IMO.
If you were a major wall street firm covering Nokia what would your recommendation be to Nokia and/or their shareholders? Settlement or go to a decision? Nokia has made provisions for IPR issues and a settlement would have little effect on their balance sheet but a ban would cut a few dollars off their share price...IMO. If I were a shareholder I might be a little nervous and start calling on Nokia to settle.
I see it as more opportunities for manipulation.
Very interesting. From 25 to 30 $1 increments are available. All other strike prices are standard.
Goduke: Amazing story.
88,000 shares traded in the last 5 minutes.
texb....nice work. I have also noticed that trend but never anaylzed it the way you have, although I have a general rule to never buy IDCC before 9:30am (CST).
Yesterday may be attributable to the Russell Index rebalancing and today may be attributable to end of the quarter purchases in anticipation of a Nokia settlement. IMO.
The overall market.
InterDigital Board Has 6 Members, 4 Of Them IndependentLast update: 6/18/2009 11:18:31 AM(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)June 18, 2009 11:19 ET (15:19 GMT)
Any possibility that it could be Russell Index adjustment?
RMARCHMA......Excellent post. This post should be distributed to all the institutions who own shares and read at the ASM. Enough is enough!!!!!!!!
Looks as if the shorts are gradually covering going into the ITC trial.
Where's the argument for objection? All I read was a summary of what has transpired between Nokia and IDCC.
Nagowitz, from Heartland, was on the last conference call, twice I believe. If they did sell out it could be the cause of the pressure on the selling price and our big haircut.
You are giving IDCC management lots of credit in knowing the vagaries of market behavior. Please, I am not bashing here but I have never seen them as market savvy.
Right on the mark!
Someone jumping the gun before employment data is released?
From some old JAG rumors there have been bids. We will never know from management if there has been a bid unless we are asked to vote on a takeover bid.
That is a possibility.
I really question Heartland disposing of 1.7 million shares during the last reporting quarter. Although in hind sight maybe they bailed some shares for their protection before the ITC decision date and before they knew of the settlement.
I believe he said the S&P would gain about 15% to approximately 1000 points around Mar 9.
Here is the interview from CNBC for those who are intersted.
http://www.cnbc.com/id/15840232?video=1020388644&play=1
I remember seeing the same video. He was a Jewish scholar and is not associated with Wall Street. He has done some consulting from what I remember of the interview. But he was emphatic that his system/historic representations have been accurate 100% of the time.
Could also be that IDCC has $300 million in cash, no debt and an EPS that will more than double this year regardless of what Nokia does. Maybe some money managers are saying we need a piece of this.
Shouldn't that have been in the stimulus package?
I tend to agree with you. I believe there is a hidden agenda.