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I believe the 1b+ is recurring only, if I am not mistaken, per the investor day presentation. Hence, the total revenue (recurring plus catchup) and the per share earning of $19 as stated on the last post would be higher..AMHO..
IMO...assuming 408 million in Recurring in 2024 (assuming same as 2023), from investor day presentation, to grow Recurring from 408m to 1billion+ in 6 years, the CAGR would be roughly 16. Assuming 60% margin, before tax earning would be 600m. Assuming 21% tax, after tax would be 480m and using the 25m shares, the after tax earning would be roughly 19...Using a PE of 10, the share price should be 190 and if using the PE of 16, the share price would be 300...The key will be execution by the management team to reach the target in 2030.
Excellent presentations on investor day..Undervalued company compared to peers..IMO.. the stock will go much higher compared to the current price..AMHO
From investor day, Target: 1B+ revenue company by 2030..500m recurring in smartphones by 2027...eom
IMO when the current negative analyst raises the target causing the stock to run up like last time, for me, it is time to take profit and sell...
IMO if you have patience to wait, IOT, video, AI immersive, and future 6G will be the growth engine for the company. The share price potential of this company, IMO, has not been fully realized with its growth potentials and low share counts...I believe that not too many retailers are left in the stock, currently mostly are institutional investors. Wish all the deceased IDCC investors could share this moment..
Some reflections on the UK Lenovo case by IDCC's chief licensing officer Eeva Hakoranta... Interesting perspectives from her..
https://www.interdigital.com/post/some-reflections-on-interdigitals-resounding-court-of-appeal-win-over-lenovo-in-the-uk?_hsmi=317300589
This is from the original UK judge prior to the appeal
Hold out, it seems to me, has been a principal driver for the flexibility and creativity used by InterDigital in its licensing. As I have described, InterDigital’s licensing approach has been heavily influenced by two obstacles: (a) the lack of the ability (until recently) to obtain a global FRAND ruling and (b) the perceived influence of national limitation periods. SEP licensors now have the ability to litigate to determine global FRAND terms and, if my ruling regarding limitation is upheld on appeal, there will be much less incentive for implementers to engage in hold out. However, that second point has undoubtedly been a, or the, principal reason for the practice which has grown up of waiving or heavily discounting past royalties. Mr Djavaherian said in his cross-examination that it is a common occurrence that past royalties are either waived or discounted, whether there is a dispute or not. Nonetheless, the influence of those two points continues to be reflected in InterDigital’s approach to licensing.
This is from Keysight's PR in February this year.... AI integrated into 6G system
Keysight has collaborated with mobile, video and AI technology research and development company InterDigital Inc. (Nasdaq: IDCC) to show how Artificial Intelligence (AI) channel estimators can be trained, integrated into a physical layer, and evaluated with an over-the-air demonstration at Mobile World Congress Barcelona 2024 (MWC24)
As AI technology matures, it is being integrated into wireless communications systems and will be a foundational technology for 6G. One of the applications of AI in wireless is channel estimation. When the channel estimation block is replaced with a neural network (NN), site-specific training data used for the NN can optimize its performance and robustness to new use cases.
I hope IDCC can reap the benefits of this future tech by their current research and their partner with Philips in immersive codec
.
"AI 2041 ten visions of our future" by Dr. Lee has identified AR, VR and immersive tech as one of them... The following article discusses the immersive tech AR and VR
https://www.wemersive.com/post/the-future-of-ai-in-immersive-technologies-augmented-reality-and-virtual-reality
IMO..if IDCC can execute in the video space as described in the annual report, the value should be much higher than the current PPS
From IDCC annual report:
Our strength in video is based not only on our status as a leading contributor to the most advanced video compression standards including HEVC and VVC, but also on our leadership in areas like energy aware media, open source compression, and the application of AI to an
array of video technologies. With a significant amount of Internet data transmitted as video and with the ongoing convergence of wireless and video innovation, we believe this video leadership gives us a formidable platform not only on the device side but also in a greenfield opportunity in cloud-based video services which we believe can deliver meaningful revenue.
Have never met TC...but I appreciate his contributions on this board...Rest in peace...
Pretty good trading volume today especially towards the close and after hours...EOM
IMO, the revenue goal of 620m can easily be attainable. The Q is how much more that they can achieve above the 620m number...
In the next 3Qs, they need to achieve 356 m....assuming recurring at 100m per Q and catch up revenue of 15m per Q with signing of additional licensees this year...IMO, the 620m number is a very conservation estimate..
Per 10Q, company repurchased shares at an average price of 104.27 in 1Q
Per 10Q, During first quarter 2024, we incurred $65.7 million of nonrecurring revenue share costs associated with the catch-up revenues recognized in the period.
IMO, probably revenue sharing with Sony.
IMO may be IDCC should acquire Beamr Imaging to compliment their AI Video patent assets.
IMO Revenue and EPS wise, IDCC is much stronger than OLED. It is still undervalued and should be traded at around the same price as OLED.. AMHO
IMO would it be cheaper for Tesla to buy out IDCC?
Still here..but not as much as before..will hold the rest till the end...
IMO don't know whether Huawei is a fixed or a per unit licensee. if Huawei is a per unit licensee of IDCC, their new successful product launch would benefit IDCC..However, their new products will hurt the revenues of both Qualcomm and Apple. AMHO
IMO if IDCC has what Meta wants, the stock could worth over 200..
IMO that makes sense to me especially they mentioned in the call that the to be appointed board member has broad video experience. May be they envision a large potential there and the market has not realized that value yet.
I am still puzzled by the urgency to accelerate buyback...IMO
IMO,,not too many retail investors here anymore. most have moved on..
couple of points from the call this morning:
1) high court hearing this week regarding interest, cost and permission to appeal. Waiting for decision to take the next step.
2) fast track oppo in UK court and the court is currently focusing on payment amounts.
3) commitment to accelerate buyback and dividends due to licensing momentum
4) the new board member with his previous experience at Tivo and Experi, if elected, will help penetration to the video area.
5) Cash balance $950 as of March31. Expect additional 1.4 billion cash receipts under the current agreements.
6) expect strong 2Q quarter. will continue to purchase shares with remaining 177m
New presentation slides for today's sidoti conference
https://d3ka4b6b7wffw2.cloudfront.net/0001405495/100117352613/03f27455-ecf9-428c-8928-a308ae99f926.html
Is Lenova granted the same rate as Apple/samsung due to discriminatory performance?
According to IDCC press release,
The Court ruled that Lenovo:
should pay a total of $138.7 million for a license to InterDigital’s portfolio of 3G, 4G and 5G patents, and
should pay in full for past sales dating back to 2007
Is the past amount not included? This is contrary to what the reuters news indicated...Am I missing something here?
jeffries -- PT from 80 to 85..EOM
Hopefully we'll see an increase in dividend in the future.. AMHO...From the call this am:
Since we announced our first dividend in December 2010, we have returned nearly $1.4 billion to shareholders through buybacks and dividends. In that time, we've reduced our outstanding share count for more than 45 million to fewer than 30 million shares. At current prices, our $400 million authorization would further reduce our share count below 25 million shares. With lots of opportunity to drive our cash flow even higher, capital allocation, and specifically returning cash to shareholders, will continue to be among the foremost topics for the management team and our Board.
https://seekingalpha.com/article/4578629-interdigital-inc-idcc-q4-2022-earnings-call-transcript
IMO, after the dutch auction, they may increase the dividends..
I am puzzled as to why the need and urgency to raise price....Are they testing the buyout price for going private or for the potential acquirers?? ?? AMHO
why are they keep reducing shares? taking it private or making it easy for any acquiring entities...jmho
Since IDCC is currently staffed with ex-qcom personnel and XCOM director, is XCOM looking at IDCC for its cash as well as listing potential?
IMO nothing has changed for IDCC for a while except that they have been signing more licenses. IDCC has always underperformed the market for the last two years. The analyst has not stated anything new. The near term catalysts r levono and other potential holdouts.. Obviously today has been a short attack..I did pick some shares up.
Well I did pick up a few too at this level....EOM
Correction to Post 429310: thx to zdog
Revenue: 500m
Op Exp: 75m x 4 (300m)
Income: 200m
Tax rate: 25% (my guess only)
Total Sh: 31m
Per Sh Earning: 5
Share Price based on
PE: 10 ---- 50 + 13 cash = 63
PE: 12 ---- 60 + 13 cash = 73
PE: 15 ---- 75 + 13 cash = 88
IMO the potential for IDCC is always there if management can execute
Revenue: 500m
Op Exp: 75m
Income: 425m
Tax rate: 25%
Total Sh: 31m
Per Sh Earning: 10
Share Price based on
PE: 10 ---- 100
PE: 12 ---- 120
PE: 15 ---- 150
Over the years, the revenue goal has been hard to achieve and has been revised downwards multiple times ..Hopefully, the new CEO would be able to achieve wonders and lead us to record revenues..Just have to wait and see...
AMHO
IMO, assume idcc is valued at 65 without any new licenses, with the addition of assumed $2 per share earning, put in a pe of 10, the fair valuation of idcc, IMO, should be at 85...AMHO
IMO, assuming
1)the avg price of $200US per smart phone,
2)2.5 per unit rate with 200$ phone
3)30mil per year sales,
the total fee would be 75mil per year without discount..In addition, there would be fee for previous years' usage..Hence, we may be looking at $2 per share additional earning per year..AHMO