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5G Health problem for us & IDCC?????
Thoughts?
https://www.5gspaceappeal.org/the-appeal
INTERNATIONAL APPEAL
Stop 5G on Earth and in Space
There are 100,091 signatories from at least 187 countries as of June 7, 2019.
To the UN, WHO, EU, Council of Europe
and governments of all nations.
We the undersigned scientists, doctors, environmental organizations and citizens from (__) countries, urgently call for a halt to the deployment of the 5G (fifth generation) wireless network, including 5G from space satellites. 5G will massively increase exposure to radio frequency (RF) radiation on top of the 2G, 3G and 4G networks for telecommunications already in place. RF radiation has been proven harmful for humans and the environment. The deployment of 5G constitutes an experiment on humanity and the environment that is defined as a crime under international law.
Executive summary
Telecommunications companies worldwide, with the support of governments, are poised within the next two years to roll out the fifth-generation wireless network (5G). This is set to deliver what is acknowledged to be unprecedented societal change on a global scale. We will have “smart” homes, “smart” businesses, “smart” highways, “smart” cities and self-driving cars. Virtually everything we own and buy, from refrigerators and washing machines to milk cartons, hairbrushes and infants’ diapers, will contain antennas and microchips and will be connected wirelessly to the Internet. Every person on Earth will have instant access to super-high-speed, low- latency wireless communications from any point on the planet, even in rainforests, mid-ocean and the Antarctic.
What is not widely acknowledged is that this will also result in unprecedented environmental change on a global scale. The planned density of radio frequency transmitters is impossible to envisage. In addition to millions of new 5G base stations on Earth and 20,000 new satellites in space, 200 billion transmitting objects, according to estimates, will be part of the Internet of Things by 2020, and one trillion objects a few years later. Commercial 5G at lower frequencies and slower speeds was deployed in Qatar, Finland and Estonia in mid-2018. The rollout of 5G at extremely high (millimetre wave) frequencies is planned to begin at the end of 2018.
Despite widespread denial, the evidence that radio frequency (RF) radiation is harmful to life is already overwhelming. The accumulated clinical evidence of sick and injured human beings, experimental evidence of damage to DNA, cells and organ systems in a wide variety of plants and animals, and epidemiological evidence that the major diseases of modern civilization—cancer, heart disease and diabetes—are in large part caused by electromagnetic pollution, forms a literature base of well over 10,000 peer-reviewed studies.
If the telecommunications industry’s plans for 5G come to fruition, no person, no animal, no bird, no insect and no plant on Earth will be able to avoid exposure, 24 hours a day, 365 days a year, to levels of RF radiation that are tens to hundreds of times greater than what exists today, without any possibility of escape anywhere on the planet. These 5G plans threaten to provoke serious, irreversible effects on humans and permanent damage to all of the Earth’s ecosystems.
Immediate measures must be taken to protect humanity and the environment, in accordance with ethical imperatives and international agreements.
Guilder on Huawei
From today's Wall Street Journal
Huawei is an Asset, not a Threat
https://www.wsj.com/articles/huawei-is-an-asset-not-a-threat-11558390913
U.S. vs. China - 5G Domination
From Today's WSJ - some good info in the article
https://www.wsj.com/articles/the-5g-race-china-and-u-s-battle-to-control-worlds-fastest-wireless-internet-1536516373
Fish-
Congratulations!
May 8th is a special date - our 53rd.
Hope you catch a ton!
Cap
Chinese Telecom Threatens U.S. Security
From today's WSJ
Giving Huawei the green light would allow Beijing to spy on Americans.
By Patrick B. Pexton
Nov. 7, 2017 6:51 p.m. ET
When President Trump meets with Chinese leaders this week, he should consider an issue that has worried U.S. lawmakers for years: the possibility of the Chinese telecommunications company Huawei entering the U.S. market.
Huawei is a telecom giant, so naturally part of this worry is about competition. It’s the third-largest smartphone maker worldwide and also makes the back-end switches, routers and other equipment that make cellular networks function.
But the real concern is national security. Since 2011, when the House Intelligence Committee first began looking at Huawei, members of Congress have been concerned that by using Huawei equipment, Americans could invite the Chinese company to siphon information about them back to the Chinese government.
Huawei calls itself an employee-owned company, so its books are opaque to the public; and it’s run by a private board whose members were first disclosed in 2011. Its founder and CEO has longtime ties to China’s military, which is true of many Chinese companies. But U.S. lawmakers think Huawei’s ownership is particularly problematic because of the role telecommunications technology plays in national infrastructure.
In 2012 the House Intelligence Committee, after a monthslong investigation, for national security reasons urged U.S. companies not to form partnerships with Huawei and another big Chinese telecom company called ZTE. It also urged the Committee on Foreign Investment in the U.S. to block acquisitions, takeovers or mergers of U.S. companies with Huawei and ZTE.
In 2012, the Australian government banned Huawei from bidding on equipment for its national broadband network out of security concerns.
In 2013 the U.S. government barred the purchase of Huawei equipment by several U.S. government agencies, citing cybersecurity risks.
This year, T-Mobile won an industrial-espionage lawsuit against Huawei by showing that the Chinese company had stolen technological secrets from clean rooms at T-Mobile’s testing center.
And Commerce Department officials are currently investigating whether Huawei broke American trade controls on Cuba, Iran, Sudan and Syria, according to the New York Times.
Lawmakers are also worried because Huawei is a prime bidder for South Korea’s new 5G nationwide cellular network. This matters to the U.S. because in a confrontation with North Korea, the U.S. military may need to use this infrastructure to communicate.
Huawei has dismissed American concerns, arguing that it is a legitimate business with the right to compete in the U.S. under WTO rules. This is true.
But Congress and Mr. Trump should be vigilant. In the 2016 elections, Russia hacked the Democratic Party, Twitter, Facebook and Google, all without owning a major network provider in the U.S. But giving Huawei a large telecommunications presence could make America an easy target for Chinese spying.
Congress and Mr. Trump should continue to monitor Huawei and consider taking legal steps to block its entry into the U.S. market.
Mr. Pexton is defense and foreign policy editor for CQ Roll Call and a former Washington Post ombudsman.
Appeared in the November 8, 2017, print edition.
https://www.wsj.com/articles/chinese-telecom-threatens-u-s-security-1510098689
Mark Zuckerberg just signed the death warrant for the smartphone
by Matt Weinberger
From: Business Insider
It's no secret that Mark Zuckerberg is pinning Facebook's future prospects on augmented reality — technology that overlays digital imagery onto the real world, like Snapchat's signature camera filters.
At this year's F8 conference, taking place this week, Zuckerberg doubled down on the company's ambitious 10-year master plan, which was first revealed in 2016. On this timeline, Facebook expects to turn artificial intelligence, ubiquitous internet connectivity, and virtual and augmented reality into viable parts of its business over the next decade.
And to accelerate the rise of augmented reality, a big part of the plan, Zuckerberg unveiled the Camera Effects platform; basically a set of tools for outside developers to build their own augmented reality apps that you can access
from the existing Facebook app's camera, theoretically opening the door for Facebook to host the next "Pokémon Go" phenomenon.
And while this announcement seems pretty innocuous, make no mistake: Facebook is, once again, putting itself into direct competition with Google and Apple, trying to create yet another parallel universe of apps and tools that
don't rely on the smartphones' own marketplaces. As The New York Times notes, Zuckerberg has long been disappointed that it never built a credible smartphone operating system of its own.
©
This time, though, Facebook is also declaring war on pretty much everyone else in the tech industry, too. While it'll take at least a decade to fully play out, the stuff Facebook is talking about today is just one more milestone on the
slow march towards the death of the smartphone, and the rise of even weirder and wilder futures.
Cumputer Generated Pressure
InterDigital (IDCC) was the biggest IBD 50 loser, down more than 13% in furious trade.
It triggered a sell signal as it fell more than 8% below a 98.10 buy point.
The wireless modem maker reported Q4 results early Thursday
Thanks Mickey- unfortunately, the wife has need of the funds for Christmas!
I have to sell a few shares(probably about45) out of a small IRA for Required Minimum Distribution before the end of the year. I hate to even let one share go!(Been in since '99)Not a big deal for you heavy hitters, but I'm like a dog with a bone when it comes to our IDCC shares!
Anyone have a feel for when profit taking will spike in the last 8 trading days in light of the recent run-up in SP.
Thanks OD
ZombyW - I believe it is easier for Qualcomm to license because the licensees need the hardware chip
that QC has manufactured and they won't receive it unless they license. IDCC has no such chip. I'm sure OldDog or Data_Rox can shed more light on this.
Mickey- Count me in on the list praying for a most successful outcome. Second only to that, while the rest of us may benefit financially, I want as much for you to have the satisfaction of saying:
"I told you so!!"
Jeffree - Don't ever stop posting
You posts are among the most enjoyable on this board. I
appreciate you analysis and love your military analogies.
The enemy said surrender - the general Said "Nuts"!
"Damn the torpedos - full speed ahead!"
Hope you're having a great week-end
Submitted
That was Chairman Clontz
Apple Negotiation Start Date
IDCC has been in negotiations with Apple at least since the 2013
ASM. I was there taking notes.
In response to a question from an attendee about where IDCC was in
their negotiations with Apple, he responded something to the effect -
- we are currently in talks with Apple - we don't wait a month before
a license expires to begin negotiations.
ASM – BM & Allen Prothis
Following is a paraphrased exchange after the meeting:
Question- In choosing between a one time dividend and doubling the quarterly dividend, would it be fair to say that the decision was made that way because there is more activity in the pipeline- i.e. a one time dividend only has to be supported once, whereas the quarterly dividend has to be supported on an ongoing basis- one does not worry about canceling a one time dividend - reducing an ongoing dividend is something to try to avoid.
BM – the decision was made on the sustainability of revenues.
Question- Can you give us a feel for when and how much M2M will contribute to revenues?
BM – there are two aspects to M2M – Connectivity & Data
M2M is slower to roll out than previously thought. Right now there are a lot of proprietary companies in the connectivity space who do not want to change so they can continue making money. IDCC is pushing forcefully for standardization. There
may not be much revenue opportunity on the connectivity side.
On the other hand, Allen is working on establishing something on the data side. Picture data silos for every conceivable pertinent category- i.e. Trucking would have its own data silo- health care would have its own data silo etc. etc. There would probably be a better opportunity for revenues on the service side of that rather than in the data itself.
So because of lack of standardization and where we are data wise, meaningful revenues are probably 3-5 years out.
Allen P. – I’ve been living on airplanes and just got back from the UK. It’s almost unfathomable how HUGE this market is going to be. EVERYTHING will have a chip in it – from your car down to your toaster.
Right now, an Audi automobile has more software code in it than an F-15 fighter jet!!
My thought/question-
While we might get substantially less in revenue per connection/data/service, than licensing revenue for each cell phone, would not the M2M market be 10,000 times greater???
I am sure some of you math wizards could quantify this and give us a ballpark figure.
InterDigital's CEO Discusses Q1 2014 Results - Earnings Call Transcript
May. 1, 2014 5:23 PM ET
Executives
Patrick Van de Wille – Vice President, Communications & Investor Relations
William J. Merritt – President and Chief Executive Officer
Richard J. Brezski – Chief Financial Officer
Analysts
Timothy J. Quillin – Stephens Investments
Charlie Anderson – Dougherty & Co
Eugene Fox – Cardinal Capital Management LLC.
InterDigital, Inc.(IDCC) Q1 2014 Earnings Conference Call May 1, 2014 10:00 AM ET
Operator
Good day, and welcome to the InterDigital First Quarter 2014 Earnings Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Mr. Patrick Van de Wille. You may begin, sir.
Patrick Van de Wille - Vice President, Communications & Investor Relations
Thank you, Steve. Good morning, everyone, and welcome to InterDigital’s first quarter 2014 earnings conference call. With me this morning are Bill Merritt, our President and CEO and Rich Brezski, our CFO. Consistent with last quarter’s call, we’ll offer some highlights about the quarter and our outlook, and then we will open the call up for questions.
Before we begin our remarks, I need to remind you that in this call, we will make forward-looking statements regarding our current beliefs, plans and expectations, which are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results and events to differ materially from results and events contemplated by such forward-looking statements.
These risks and uncertainties include those set forth in our earnings release published this morning, and those detailed in our Annual Report on Form 10-K for the year ended December 31, 2013, and from time-to-time in our other filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and except as required by law, we undertake no obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
And with that, let me turn the call over to Bill.
William J. Merritt - President and Chief Executive Officer
Thanks, Patrick, and good morning everyone. It was a busy quarter from many perspectives with a good number of very positive developments. Let me highlight a few of the more important ones. First, as to the overall financial performance, we had a very, very solid revenue growth year-over-year, driven by our relationship with Pegatron, which we’ll get into the details on that, but it does bode very well for the business between that and our existing licensees, we entered the year with a very solid licensee base with good upward growth potential.
The bottom line was obviously affected by the continued high litigation spend at more traditional levels would have been comfortably profitable and delivered positive cash flow. By taking to account and opportunities, how do we leverage our history of innovation, our long history of licensing and our well-established lead structure into a more certain long-term revenue stream delivered at a much lower cost. We’ll take a few things, some of which we control, some of which we can influence that are all which are achievable. Let me go through them.
The first one, of course, is to demonstrate the value of our technology. I think our invented history speaks for itself, but recent court decisions to validate that as well. Specifically on the power ramp-up patent, which cover a critical invention in WCDMA systems. We are now seeing a consistent pattern of successful litigation despite an adverse decision in the 800 investigation in December, which we appealed.
We’ve had success in the Federal Circuit. Then earlier this year, we saw a success with the ITC in the remand case against Nokia. There the ITC confirmed it would follow the Federal Circuit decision on two of the power ramp-up patents, positioning us well against Nokia in that case.
We also saw Judge Andrews in the Delaware District Court confirmed our claim’s instructions on those same patents in the infringement case we had against the ZTE in Delaware. These developments are also pertinent to the 868 investigation where those patents are asserted against both Samsung and ZTE, and which is slated for an initial determination in mid June.
So on infringement and validity, we believe we have built a very strong case. Of course, litigation is never certain; particularly in a politically charged environment, but I think we’ve done all we can do. And if the ITC can just call balls and strikes, we think we should prevail.
The second factor is easy. We need to be objectively reasonable and we are. It’s always been our approach to negotiate in good faith and at fair value. We offer flexible licensing terms, partnering arrangements, and even arbitration. In fact the vast majority of our licenses come without litigation is testimony to our reasonable ones.
So, all being reasonable and flexible is not the problem. Instead, historically and to some extent even more recently, we have not seen the same reasonable and flexible behavior uniformly from potential license fees. In fact, the legal systems team cannot even require it, that maybe changing.
Over the past few months, arbitration has begun to pop up more frequently as a means of resolving these disputes. It did so between us and Huawei, and between Samsung and Nokia. In a recent European investigation, Samsung has agreed to arbitrate disputes involving in standard-essential patents prior to seeking an injunction.
Nokia also made a similar commitment in China with the sale – in connection with the sale of its handset business. We have also agreed to offer arbitration in China. Those commitments certainly apply only to the patent holder. There is no requirement that the other party agreed or arbitrate. However, these commitments start to create a set of standard practices or code of conduct. If a party is willing to arbitrate a license under its standard essential patents, shouldn’t agree to do the same when it needs your license.
A consistent code of conduct becomes very important within the larger framework with standard essential patents are being analyzed. Almost uniformly in the U.S. and abroad, the holders of SEPs are being seen as entitled to the full set of remedies as any other patent holders so long as we. One, they have been willing to license the patents on fair, reasonable and non-discriminatory terms. And two, the other party has not been willing to license the patent for such terms.
Indeed, in a recent federal circuit case, the court acknowledged that standard essential patents do not require any special framework in determining whether injunction is available, the standard Supreme Court eBay test would apply. And further acknowledged that an unwilling licensee could be the subject of an injunction. So what that all means? It’s simple and its rationale.
So patent holders and potential licensees should now be heavily incentive to act reasonably. What is a reasonable? Well, that can be highly fact dependent, it should meet at a high level that has a license or has made a reasonable proposal consistent with all its other license agreements, refusing a license on those terms is evidence of a potential licensees unreasonableness.
It should also mean that the patent holder has offered arbitration as a means of resolving the differences between the parties, refusing to arbitrate may be correctly perceived as unreasonable behavior. So between the strength of our patent position, the reasonableness of our licensing practices and willingness to arbitrary and the increasing pressure on potential latencies to act reasonably in turn, we think we’re in a strong position. If those elements come together, our goal would be to lock in a strong, more predictable revenue stream in a much lower cost than what we see today. It also makes our business less dependent on single events, like any particular ITC or court decision.
Our second priority is to move the company beyond simply patent licensing as our revenue source. You have seen some of the shifts we have made over the past few years; most notably last year’s addition of InterDigital solutions to drive commercial relationships around our technology. After a year of our solutions group exploring the market value of the technology that we have created and assessing the pipeline with new technology we are building and their market readiness, we learned a lot to ready for the next step.
So first, we’re making some adjustments with regards to our research. As you saw, we recently added Dr. B.K. Yi as Chief Technology Officer and Head of InterDigital Labs. We will also be separating InterDigital Labs from the rest of our R&D activities. InterDigital Labs and all employees responsible for standards, standards development and long-term research will be moved under leadership of Larry Shay. In effect this place is InterDigital’s entire core licensing business under Larry. That business will be fully vertically integrating, meaning it will control everything from the investment that makes in the research to the monetization of that investment; including patent licensing, patent sales, and other needs.
We will also add business development and transaction execution resources to that group to help develop more steady-like relationships with perspective licensees as well as assist in buying and selling patent. I think this is consistent with our desire to be, a reasonable creative and flexible and driving relationships around our research and patents. And BK is a terrific new hire in that regard as it is long tenure in the mobile industry particularly his leadership grow at LG heading our North American R&D activities, gives us even greater insight in connections into those customers it can help drive stickier relationships.
Secondly, we’re making some adjustments to our innovations group, which is led by Scott McQuilkin. First Jim Nolan will move it from InterDigital lab to head up InterDigital solutions, which will work alongside a nation partners in corporate development under Scott to uncover new market opportunities. We’re also redeploying some resources from InterDigital labs, where the focus is pure research on a timeline of seven to eight years ahead of the market to InterDigital solutions where the focus will be development of technologies that are more immediately relative to the market and with the timeline to product and revenue will be much shorter.
Like Larry’s business unit, Scott business unit will control all of the resources needed to grow these new businesses. Importantly, given the different focus, it will operate completely independent from our core licensing business.
We also expect that these efforts will be far less R&D intensive than our historic research activities meaning less costly. The great example of the change in focus is our InterDigital things area, as we discussed on numerous occasions InterDigital has done many years of research into core IOT technology, both on our own basis and as part of the Convida joint venture – Convida wireless joint venture with Sony.
And we think that there is intellectual property platform can be a source of a tremendous licensing opportunity going forward. However, what became apparent to us through our work with InterDigital solutions was I think it was an immediate market opportunity that would leverage the research we had already done, and that we wanted to take advantage of as quickly as possible.
I don’t want to preempt the records or eventful – eventual market loans. But this is the opportunity that Allen Proithis, this is leading InterDigital solutions to lead and we’re very excited about that. The new opportunities will operate us as a start-up essentially graduating from InterDigital solutions family and innovations group. We hope this is model, we are going to achieve going forward in other areas.
And some of those other areas will be related to the network servicing which it is strength of our company and some will be around content delivery, which is a growing area of expertise at InterDigital the moment we see some very exciting technology. In the first quarter, we had the opportunity to demo some of these technologies at the Mobile World Congress in Barcelona. On the network side, we were able to demonstrate the shared spectrum used with guaranteed quality of service, which we think is an industry first and a necessary step in making that technology operator ready.
InterDigital is without question, one of the leaders in Spectum research. In addition, we unveiled a technology, the Perceptual Pre-Filter that can reduce bandwidth consumption for 4K with video streaming by up to 40%. So overall with both the positive progress on the licensing side and the opportunities that were targeting our new structure and we very excited about the future of the company.
With that, we turn the call over to Rich.
Richard J. Brezski - Chief Financial Officer
Thanks, Bill. We reported recurring revenue of $57 million in the quarter, representing a strong increase of 22% over first quarter 2013. In addition, we also signed a worldwide patent license agreement with Fujitsu in early April. We are currently evaluating the accounting for that agreement, but we expect it will contribute to both recurring revenue and past sales in second quarter 2014.
Our first quarter 2014, operating expenses of $57.9 million were down $3 million from the prior year after excluding a $1.5 million repositioning charge in first quarter 2013. This decrease was driven by lower litigation expenses of $16.9 million in the current quarter. Although high in absolute terms, this is our lowest level of quarterly litigation spend in over a year.
Absent new matters, we expect to see further declines during the balance of the year, as we move to the post-hearing phase of our 868 case at the International Trade Commission. We will also see continued improvements in the efficiency in which we develop new technologies, including both technologies that are patentable and those that generate commercial opportunities for InterDigital.
Bill touched upon the evolution of the latter of these two. It is important to know that these projects, each represent a relatively small investment and reflects our efforts to shorten the average time to month for every dollar we invest in development. Ultimately, the quantum of our development funding is dictated by both the return we expect to achieve and the efficiency with which we can successfully pursue it.
Nonetheless while our quarter-to-quarter spending can fluctuate based on project cycles let me be perfectly clear in stating that we do not envision any significant long-term increase in development spending at this time moving on to taxes, our effective tax rate return closer to historical levels in the quarter after being abnormally high last year. As we previously discussed, the high effective rate in the prior year was driven by the large amount of technology solutions revenue resulting from the 2013 arbitration award. Having said that, we expect a higher effective tax rate next quarter due to an anticipated $2.5 million charge associated with the tax settlement we reached in April. We are also investigating whether research and development credits may once again be available to us and if so whether these credits could benefit our way in the future, but I expect it will take another quarter to support such a conclusion.
The net effect of these and other items was a small net loss that represented roughly breakeven performance for the quarter. We have a business that has been, and we believe will continue to be very profitable. We fully acknowledge there’s work to be done, but the business is on very solid financial footing and well positioned to realize maximum benefits from future successes. From our breakeven position, we can expect a drop about $0.65 to the bottom line from every dollar we earn from new licensing deals. As Bill mentioned, if the legal and political environment holds the patent holders and product manufacturers to similar standards of conduct, we like our chances of success.
With that, I’ll turn the call back over to Patrick.
Patrick Van de Wille - Vice President, Communications & Investor Relations
Thanks very much, Rich. Before I open the call to questions, Bill, let me ask you to address the topic that wasn’t covered in your comments. One thing that shareholders have been asking about is the signal trust and our infrastructure licensing efforts. Could I ask you for an update on that?
William J. Merritt - President and Chief Executive Officer
Sure. So just as a reminder to people on the call, we kept the signal trust a while back as a vehicle for licensing our infrastructure portfolio. It was set up as a – basically it’s a separate entity that we do not control, signal trust, and allowed us to basically monetize what we thought was pretty valuable portfolio. So they are up in line. I’d say two of the objectives was, one was to monetize the portfolio, the other one was to create some incentives to our folks during a period of time when Signal Trust was formed, but didn’t – but we still retained some rights on the portfolio that was the success with Fujitsu.
So we got down the license up during that period. So, we’re in the normal licensing cycle now reaching out to customers and that cycle, it’s not a one-month sales cycles. It takes time, but we’re encouraged by having in line, and we’ve always encouraged by buying the assets that went into the Trust.
Patrick Van de Wille - Vice President, Communications & Investor Relations
Fantastic. Thanks very much. Steve, with that we’ll open the call to questions.
Question-and-Answer Session
Operator
(Operator Instructions) Our first question is from Tim Quillin. Your line is open.
Timothy J. Quillin - Stephens Investments
Hey, good morning. Thank you for taking my question. I just want to ask you about your discussions with major potential licensees including Samsung, Nokia and Apple. Right now those awaiting the initial determination on 868 or is even possible to have some kind of agreement in place before that decision, and is arbitration a possibility with any of those big three licensees?
Richard J. Brezski - Chief Financial Officer
Okay. So I’ll go with your last question. I think arbitration is becoming more standard offer from that, and so that is an option with respect to any of the folks that you’ve talked about, and one that we would be happy to do. I think that what happened with the upcoming decision is people are mindful of it, they don’t necessarily wait for it. It just becomes a question of the creating up incentive on the part of both parties to get something done ahead of it. It does, great. If it doesn’t, then we’ll have some more facts, both decisions to deal with. I’d also tell you that the environment that I talked about in the script in terms of the legal system evolving to incenting reasonable behavior on both sides is definitely having its effect we think in the market.
So the question is we’ll have a sufficient effect? We’ll see. And whether the pending decision in 868 also creates sufficient incentive we will see as well. But right now, certainly from those environments standpoint, we probably feel better about the environment than we have in a while.
Timothy J. Quillin - Stephens Investments
Okay, great. And then on Fujitsu, which revealed to give us a sense of the estimated ongoing level of royalties and is it a per unit customer? And then also if you fear for the bracket up what the past sale impact might be in 2Q 2014, that will be great?
Richard J. Brezski - Chief Financial Officer
Yeah. Unfortunately, Tim, I can’t provide any other details about Fujitsu at this time. We are working through the finalization of the accounting. And at some point, we’ll be issuing guidance for the next quarter. Whether or not it’s available at that time, we’ll probably update before too long to include the impact of Fujitsu.
Timothy J. Quillin - Stephens Investments
Okay. Thank you. And then, could you just – mean was normal seasonality is in your per unit customers, is it that both this first quarter and fourth quarter the stronger quarters?
William J. Merritt - President and Chief Executive Officer
Yeah. We’ve looked at seasonality over the years and had not found any consistent effect there in part, because it’s – our customers as in the market as a whole has traditionally been growing. So that kind of throws you off given the high growth rate in the industry and particularly in the 3G and 4G space.
By that – what I will clarify for you or remind you of which I’m sure you’re aware of, Ken, on a per unit customers, they report to us for instance, in the first quarter, their fourth quarter sales and that becomes the basis for our first quarter revenue.
Timothy J. Quillin - Stephens Investments
Right, right. Okay. And on the notion of dropping $0.65 to income on each licensing – additional licensing dollar. I guess, first of all, it’s added a pre-tax income and if so, why wouldn’t it be a higher number?
William J. Merritt - President and Chief Executive Officer
No, no, that after tax…
Timothy J. Quillin - Stephens Investments
Okay.
William J. Merritt - President and Chief Executive Officer
And really what we’re accounting for is the federal rate there.
Timothy J. Quillin - Stephens Investments
Okay.
William J. Merritt - President and Chief Executive Officer
Variable cost.
Timothy J. Quillin - Stephens Investments
That makes a lot more sense, thank you. And then just lastly, I wasn’t quite sure how to interpret the language around the development expenses. I do understand that you don’t expect to grow those over time, but should we expect with greater efficiency around that process for those costs to decline?
William J. Merritt - President and Chief Executive Officer
I think that’s a possibility. I think that’s working through that now, part of the reason for separating out the research from the development of taxes that put more of a spotlight on that development spending as well as on the research spending and it happened here before. I think it’s going to happen with even higher degree of figure is – very solid business plans particularly around the development side to make sure that at the richest point that the return we are getting on that investment is very good, very strong.
So one hand, if all the projects that we’re working on look really, really, really solid and it looks like it’s the right thing to do. Then I think on the spend pace we’re on that we said, you know at some of these still make sense. Then we would make a shift, but as I said, the idea is – it certainly doesn’t go up, it either stays flat or it goes down.
Timothy J. Quillin - Stephens Investments
Okay, great. Thank you very much.
Operator
(Operator Instructions) Our next question is from Charlie Anderson from Dougherty & Co. Your line is open.
Charlie Anderson - Dougherty & Co
Yeah, good morning. Thanks for taking my questions. Yeah, as it relates to future guidance, I think Rich you guys were through May 16th as when you put it out last year, so if I hear you right are you saying you’re kind of stay on that schedule and if you have Fujitsu result by than you’ll say what it is, and if you don’t, you’ll say, this excludes Fujitsu. Is that the way to kind of think about it.
William J. Merritt - President and Chief Executive Officer
Yeah, I’d say that’s typically around that time period that we released and sometimes even we’re earlier depending on when reports come in. I would say that we will probably stick to that timeframe. Potentially, we could see an end to the resolution to the Fujitsu accounting and if that’s going to be a week away, maybe we delay just a short period of time to include it.
Charlie Anderson - Dougherty & Co
Okay, fair enough. And then in terms of the expenses that you’re very specific about development. So I wonder if you could just talk to us, are you implying that – Q1 level we kind of flat at that level the rest of the year or are you taking more about year-over-year basis.
William J. Merritt - President and Chief Executive Officer
Yeah, I would have focused on, totally on Q1 I rather the levels that we’ve been running at and I acknowledge that there are some quarter-to-quarter fluctuations just depending on project cycles in the timing of some of those efforts.
Charlie Anderson - Dougherty & Co
Got it and then use of cash. Did you guys have any share repurchase in the quarter and kind of where you stand on that? And also want to ask about the dividend, I think you first put that in a few years ago and then you also did the special dividend. Just kind of where you are on dividend policy in those things to be seen to be sort of trending upward in your business?
William J. Merritt - President and Chief Executive Officer
Yes. So as far as the share repurchases, we didn’t have any activity during the quarter. Your number, we had a bit of activity back in Q4. And with regard to the dividend – and frankly our management of cash in general, it’s something that we’re always looking at. So we haven’t announced any change to our dividend policy. We’ve held the ten tenth dividends, clearly dividends since we put in place. I want to say it will handles about three years ago, but it’s something that we’ll continually evaluate.
Charlie Anderson - Dougherty & Co
Got it. And then, Bill, I just wondered if you could update us on Huawei arbitration, how that’s tracking? Is it still at the end of the year a good decision you think.
William J. Merritt - President and Chief Executive Officer
Yeah, I think authorization is there and I think year-end or beginning of the year, the first quarter next year is I think the – the timeframe to some extent it’s now within the control, the arbitrators and while they will adhere to parties desired schedule. They do have a little bit of freedom in this also. So I think it’s generally within timeframe we reasonably put out though that leveled not much.
Charlie Anderson - Dougherty & Co
Got it. Thank you so much.
Operator
Our next question is from Eugene Fox from Cardinal Capital. Your line is open.
Eugene Fox - Cardinal Capital Management LLC.
Just a couple of housekeeping. Could I get what D&A and share-based compensation were in the quarter, please?
William J. Merritt - President and Chief Executive Officer
I’m sorry, DNA?
Eugene Fox - Cardinal Capital Management LLC.
Right, depreciation and amortization as well as stock-based comp.
William J. Merritt - President and Chief Executive Officer
Yeah, sure. So what I can tell you, if you look at our financial metrics schedule which is posted, you can get the patent amortization there. You also will be able to get when we file our two depreciation and amortization of the cash flow, but we haven’t announced that yet. The two will be filed, if not today, then probably tomorrow. And then stock-based compensation will be in the cash flow schedule as well.
Eugene Fox - Cardinal Capital Management LLC.
Okay. Last question. You had a – about a $50 million increase in deferred revenues, but it didn’t seem like you signed any new customers. Can you just give us a sense for where that’s coming from?
William J. Merritt - President and Chief Executive Officer
Yes. So we have – our policy is to recognize accounts receivables that are due within 12 months. So sometimes on longer term fixed price deals, we’ll recognize accounts receivable as the rolling forward 12-month period moves, and that can have an impact on deferred revenue.
Eugene Fox - Cardinal Capital Management LLC.
Okay. Last question. Bill, any further thoughts on – or change in your views on the upcoming Apple expiration?
William J. Merritt - President and Chief Executive Officer
No, I think it’s the same. I mean, as we talked about before, there is not a lot of revenue we’re recognizing under that contract. So the expiration has a little impact on the top lines as far as revenue going away. It can have the opposite effect because of the relationship we have with Pegatron, so to the extent that there is products that are licensed under the Apple agreement, which become unlicensed on July 1, and Pegatron have some other licensees which shipping those products, the result can actually be an increase in revenue from this. So it’s a little bit different in our typical contract expiration. And again, as we’ve talked about the Apple environment, we think we’ve got a very good position with respect to Apple. And I think again the on regulatory climate, people needing to be reasonable is also going to be helpful there.
Eugene Fox - Cardinal Capital Management LLC.
Okay. Nice job, gentleman. Look forward to hearing positive news on Samsung. Thank you.
William J. Merritt - President and Chief Executive Officer
Thanks.
Operator
And there are no further questions at this time. I would now like to turn the call back over to Mr. Patrick Van de Wille for any closing remarks.
Patrick Van de Wille - Vice President, Communications & Investor Relations
Thank you, Steve and thanks to our investors and analysts for joining us today. And just a remind you on Rich Brezski, as mentioned this little moment ago. Last quarter we produced a financial metrics document, which we made available under the events tab of the Investor section of the websit, near the link where you obtain login information for the conference call.
So we’ve updated the document today with a rolling nine quarters of financial metrics. So, the latest quarter can be compared with three different financial years. And you can access them at same location. So, once again if you go to the investors section, click on fundamentals, and then quarterly results near the top, you can find the financial metrics schedule. Thanks again to everyone and have a great day.
Operator
This does conclude today’s program. You may now disconnect and have a wonderful day.
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Net Money Flow
How can IDCC have a net money flow in the green of $353,287 and still decline by 10 cents?
Samsung has TEN full page phone ads in today's WSJ
F6 - Thanks, apparently the video didn't take
BRAVO LOOP!! Here is a great story continuing the good fight of the Founding Fathers!!
My wife & I were in France in May and Normandy was on our itinerary. When
we arrived home, we found an email from one of my college classmates,an ex-marine,
who sent the item below. If you haven seen it, it is great story- both sad and
wonderful at the same time.
In the clip,when you are standing in the American Cemetery in Colleville sur Mer in France,
you can see the English Channel on the horizon. The beach just over the bluffs is part of Omaha
Beach, where the Americans suffered the most casualties during the D-Day Invasion.
About 800 Americans were buried in a mass grave on the beach that day. They
were later reburied in the American Cemetery with over 9300 other American souls.
There is a sculpture at the entrance of the Cemetery of a young muscular male thrusting
upward out of the waves - one arm outstretched like Superman. The title:
The "Spirit of American Youth Rising From the Waves". Very moving!
My brother's Godfather came in on the third wave on D-Day up over the bluffs and right through this Cemetery. He was captured by German Paratroopers at the last hedgerow in Normandy
on July 23,1944. He was held in POW camps for nine months in Limburg, Germany
and Falkenberg, Germany. His neighbor who lived five doors away from him in our home town
traveled this same path 9 months later with the 69th Division and liberated him from the POW
Camp !
Our guide, whose grandmother was present during D-Day, tearfully said to her that she could
not understand why these young American boys were coming over here to fight and die
for France.
Normandy was so grateful, it awarded it's own medal to every one who fought in Normandy.
The Godfather received his medal from a Green Beret and said, " I am proud to be decorated by a Green Beret"! The Green Beret responded, "The honor is all mine! !
He survived, came home, married, had one daughter and lived to be about 78 yo.
Cap
Please take the time and watch this video..... you will be glad you did! Until Death do us part!!!!
This is quite a story about ‘’another generation’’ which will be missed for all time,
and the term ‘’till death do us part’’ is not always applicable. What a gentle soul.
http://www.youtube.com/embed/8TT1XFS1LA0< /FONT>
Olddog – Transcript
Thank you for the transcript.
This is the first year that I am aware of a transcript being available for the ASM. Was this because this was the first year the ASM was webcast? The transcript provides much more accurate and comprehensive information compared to my feeble efforts.
If future ASM will be webcast and transcripts will be available, it makes no sense for me to continue my usual report. I would confine my efforts to items and areas that do not appear on the transcript.
WILMINGTON FINAL
With Bill Merrit after the meeting-
Q- Any chance the ITC will delay the decision on June 28th?
BM– Highly unlikely. They are required by statue to maintain a certain time
Schedule. They would have to file an application with the full commission to
do so.
Q.- After the INTEL sale, you said we had another potential one in the pipeline but
then stated that the market softened. What is the status?
BM- The part that has softened is the straight cash exchange for patents. Companies
are reluctant because it invites close regulatory scrutiny. The interest in our
patents remains at the same level as at the time of the Intel sale. They prefer
deals like our Sony deal which is not a naked cash transaction. Naturally they’re
more complex and require more time.
Opining on the Google/Motorola deal (not real clear on this)
Doing the math of 12B for patents doesn’t seem to make sense. Immediately after the deal, the patents were thrown under the bus at the ITC. Was that the intent all
along- a defensive strategy to protect it’s SEARCH capabilities so other companies couldn’t come after them? Maybe they were that smart – maybe they weren’t.
WILMINGTON II
QUESTIONS AND ANSWERS:
WEBCAST ?
Companies not under license.
Bill Merritt –
Larry Shay has a deep pipeline as soon as they ship product, he will go get them.
Shareholder ?
Patent Trolls –Lot of public discussion – how do the courts see it?
Bill Merritt –
We are different – just look at our R&D and licensing history. This is a record that cannot be ignored when courts are looking at individual companies.
When companies license – how many do they typically use out of 20,000 patents?
Bill Merritt –
9 – 10 thousand have been declared to standards bodies. So quite a few are licensed.
More than 3 or 4?
BM- YES
QUESTION -
Arbitration and Litigation Update
Bill Merritt –
We only go to arbitration and litigation when we believe we have a very strong case.
QUESTION –
Are you nervous or squirming or are he other parties about June 28?
Larry Shay –
We are not squirming.
WEBCAST QUESTION –
What about the use of cash?
Terry Clontz –
Free cash flow is the most important measure for shareholders. Management needs x amount to keep the company healthy and growing. Beyond that, we return money to the shareholders in a way that makes sense through the use of buybacks, dividends, special dividends, and share price increases.
SHAREHOLDER QUESTION – SONY AND RIMM Fixed vs. running revenues per unit
Bill Merritt –
We look at the projected cost of sales as presented by a third party, IDCC intelligence and sometimes the other company itself. Then we do a discounted cash flow to the present to get the value and then make a decision. We don’t favor fixed vs. running revenues one over the other but we think to do what makes the most sense in each situation. We used to give large discounts for prepayments but we do not do that as much anymore because of the economic strength of our company.
QUESTION – APPLE NEGOTIATIONS IN 2014 –
Bill Merritt –
This is an important license opportunity for IDCC. We have had and are having direct conversations with APPLE. Court decisions in the past and the one coming up on June 28, if in our favor, will help a great deal. With all of our execution we have positioned ourselves very well for the negotiations with APPLE.
QUESTION –
DEWITT CAPITAL 200,000 + shares
Is Pegatron a way of licensing APPLE?
Bill Merritt –
Yes.
What about compression technology?
This will be very, very important to our growth. It will reduce band width by over 50% through multiple facets – proprietary IP plus standards plus ?
Court systems in politics –
Do we lobby?
Bill Merritt –
Yes, we have enhanced it with other companies who share our views, as well as, people in academic institutions who share our view. I talk to trade magazines and this is a muti pronged approach to shape the dialogue.
Terry Clontz –
We are always trying to mitigate the risk.
SAM -
When will we get revenue from it?
Allen Prothis –
May be on a fixed or per unit basis and may also be affected by customization. Mobile operators will be the target as they will benefit the most.
WEBCAST QUESTION –
Litigation expense –
Bill Merritt –
It is up because of the high level of activity. It is a very important investment for our company. Expenses are driven by both sides in the dispute. We do what we have to do which is an expense but we also have to respond to what the other side does which adds to our expenses. We are not a litigious company. We have only sued 6 companies in our history.
Our law firms are the best in the business.
THANKS TO MY WIFE ELIZABETH FOR TAKING MY DICTATION TO FACILITATE THESE POSTS!
WILMINGTON I
JUNE 13, 2013
IDCC ASM Meeting – 11:00 a.m.
Crowne Plaza Hotel
Claymont, Delaware
Capacity – 96 chairs
Attendance
Total 48
Comp Repres -16
Auditors -2
Outside Counsel -2
Shareholders 28 (lowest I’ve seen since I’ve been attending)
Wilmington I
Business Meeting:
41,000,150,000 shares outstanding
Proposition I – Election of Eight Directors
Rounded 000
Clontz -
For – 22,000,749,000 – 97%
Against – 494,000
Abstain – 209,000
Amelio -
For - 22,000,743,000 – 97%
Against – 500,000
Abstain – 220,000
Belk -
For – 22,000,744,000 – 97%
Against – 152,000
Abstain – 556,000
Kamins -
For – 22,000,460,000 – 96%
Against – 455,000
Abstain – 537,000
Kritzmacher -
For – 22,000,729,000 – 97%
Against – 665,000
Abstain – 559,000
Merritt -
For – 22,000,560,000 – 96%
Against – 356,000
Abstain – 537,000
Rankin -
For – 22,000,460,000 – 96%
Against – 446,000
Abstain – 552,000
Roath -
For – 22,000.336,000 – 95%
Against – 896,000
Abstain – 222,000
Proposition II –Approval of Executive compensation
For – 21,986,000-94%%
Against – 855,000
Abstain – 611,000
Proposition III –Approval of auditors
For – 36,200,000
Against – 450,000
Abstain – 537,000
Clontz Presentation: see slide 3 & 4 on IHUB
Merritt Presentation: see slides 5-18 on IHUB (paraphrased)
Success to date is the result of our R & D and subsequent licensing which is in IDCC’s DNA – a culture of innovation not looking to what phone is sold next week but to the next great service to get into the standards is down the road. The foot print and execution may change but not the DNA. We have spent $650,000,000 in RND in the last ten years.
Tech companies have typically gone through a transition from hardware to software to service. The mobile space is moving through that transition. We have achieved a lot of growth through 3G. We are now extending that growth to 4G UMTS (WCDMA) and LTE. As shown on the chart we have extended 4G to 10 companies. Hardware has dominated up until now but software and service are becoming more important. This presents a great opportunity for us and is where we are aiming as the mobile space is a massive market that does everything big. IDCC DNA is what has enabled the business model for companies like Facebook. We bring new R&D to add to them on a continuing basis.
Our new management structure enables us to take advantage of this R&D and move it to market by licensing but also our solutions group (which is very nimble) leverages it. We have very big plans for it and a diversified approach not only to compliment licensing but also drive it as a separate company.
SONY is an example of this approach. They needed a license for their interest for M2M. We have a large segment of patents and IPR management skills that facilitated this partnership which was executed by our Solutions Group.
We are driving expansion in New Areas by Moving Up the Layers – slide 17
Our management team is a different team than we have had before and are leaders in the industry.
BILL MERRITT –
I have been with the company 16 years and I am more excited than ever!
Drunken Sailor
The big difference is the sailor stopped spending when he ran out of money!!!
Chinese smartphone makers Huawei, ZTE target top tier
http://news.yahoo.com/chinese-smartphone-makers-huawei-zte-target-top-tier-201207025--finance.html
Huawei- fastest cell phone in world
http://news.yahoo.com/huawei-reveals-fastest-smartphone-world-171144973--finance.html
Sent to the WSJ
macromay2's edited version of Loop's original comments
were sent to the Wall Street Journal. The person I sent it to would be in charge of covering business matters of this nature. I have included below only my introduction to Loop's comments.
Thanks Loop and macromays for your efforts!
Dear Ms ******:
There is a great deal of angst and discussion in America today about foreign corporations stealing/benefitting from US technology without proper remuneration to our inventors. As we speak, some, if not all, the issues involved are capsulized in the Nokia(NOK) vs Interdigital Communications(IDCC) case currently before the International Trade commission .
Below are some major arguments and some history involving the case that was put together by a retired lawyer who has followed the Nokia/IDCC relationship for the past 14 years and forwarded to a number of Senators, among others. An investigation and reporting into that relationship and exposure to sunlight of the shenanigans and out right theft would serve as a poster child for what ails US Policies in insufficiently protecting US inventors/inventions and entrepreneurs.
Journalism's highest calling is to seek and report the truth. This story is ready made to showcase what outstanding Journalism should be about! I would urge you to consider looking into the matter.
Sincerely,
EC
Huawei ZTE implicated in Hacking
Wall Street Journal 2/4/13
http://online.wsj.com/article/SB10001424127887323701904578275920521747756.html#mod=Opinion_3
“The Journal's evidence is that the cyber-espionage goes well beyond specific stories to a general interest in sources and coverage. As companies from Google GOOG -2.18%to Nortel to BAE Systems have discovered, hacking—both for purposes of monitoring and to steal commercial intellectual property or government secrets—has become the Chinese way.
That was also the conclusion of a bipartisan report last fall from the House Permanent Select Committee on Intelligence. The committee, led by Republican Mike Rogers and Democrat Dutch Ruppersberger, investigated claims by Chinese telecom giants Huawei and ZTE that they were clean companies whose expansion efforts in the U.S. would pose no risk of cyber-espionage or other threats to critical infrastructure.
What it found instead, particularly in Huawei, was a company that was founded by a former director of the Chinese Army's Information Engineering Academy, had close links to the Communist Party, and had made deceptive claims about its ownership. "Companies around the United States have experienced odd or alerting incidents using Huawei or ZTE equipment," the report noted, though it left the specifics of those incidents to a classified annex. The companies deny any wrongdoing.”
Lobbying efforts by Tech Companies
WSJ
Silicon Valley's 'Suicide Impulse'
The industry's affection for Washington keeps growing. Facebook had 38 lobbyists working in 2012.
http://online.wsj.com/article/SB10001424127887323539804578266290231304934.html
It's show time for Interdigital
http://www.fool.com/investing/general/2012/10/22/its-showtime-for-interdigital.aspx
Will Amazon Buy Interdigital for its Patents?
By patentsaddicted
From Another Board
To protect its LTE Tablet computer ? IDCC seems like a logical
place for Amazon to pick up a nice chunk of the limited 3G, 4G, and LTE
patent pool. Interdigital isnt the only company with patents. But they do
have a variety patents. Some of the remaining ones might be useful to
amazon. IDCC has told the market they are getting ready to sell another
batch of non core patents in the near future. Idcc has several notebook
manufacturers licensed, and also boasts some M2M patents, and these are the
kind of things a company like amazon would probably be interested in.
Maybe Amazon is bidding on the next batch and IDCC has told us several
groups are interested in major batch 2. And once major batch 2 goes, the
company will have jettisoned about 25% of their patents. IDCC has told us
during the failed company sale, several companies were interested in groups
of patents, but not everything. After batch 2 goes, it more likely a big
player might be interested in buying IDCC and the remaining core business.
Adding patents would help Amazon protect itself against lawsuits alleging
illegal use of technology. Amazon has been involved in five patent-related
cases this year, and 20 cases last year, according to data compiled by
Bloomberg. Demand for mobile patents has increased, as shown recently by
Google’s $12.5 billion acquisition of Motorola Mobility Holdings Inc. and
its thousands of patents, which closed this year. I bet IDCC would accept
$75-$80/share. The company has a huge short interest about 14% of share
float and is near to breaking out the 36 resistance level. We could a huge
squeeze on Interdigital today or next week, so keep it in your screens !
Did Insider Cluster-Buying take place at IDCC?
http://www.forbes.com/sites/dividendchannel/2012/08/08/bargain-hunters-take-note-insider-cluster-buying-at-adm/?partner=yahootix
InterDigital: Recent Patent Transaction Highlights Value Of IP Portfolio
http://seekingalpha.com/article/715261-interdigital-recent-patent-transaction-highlights-value-of-ip-portfolio?source=yahoo
ASM-KOP FINAL NUGGETS
AFTER THE MEETING WITH BM
IDCC was part of the ROCKSTAR GROUP for the Nortell auction of Patents. When
the bidding got too rich for our blood, we dropped out.
Why did Nortel sell and we didn't?
Nortel auction was a discreet package of patents- nothing else- with a deadline. If one
did not participate before the deadline, game over.
Constrast IDCC- No bankruptcy deadline - what do you do with the amalgam of management, 300
engineers, all the office locations etc. Parties were interested mostly in just patents and not necessarily
all of them- just certain bundles. There was interest in the whole company in the early going, 30s & 40s
but tailed off as we went to the 80s. When the price came down again interest picked up again. No deadline
no pressure to make a decision- Idcc still here - game not over
Earlier, you said a couple of larger bundles of patents were put up for sale and might be finalized in
3 to 6 months or by the end of the second quarter. Is that still on track?
We have one employee focusing on each bundle we're trying to sell. We are working hard at it but
can't predict exactly when they will be finalized.
DIDN'T ASK AND DIDN'T GET THAT ANSWER- REPORTING WHAT I HAD
ASM- KOP- FINAL
FIVE OR SIX OF US ONE ON ONE WITH BM AFTER THE MEETING
MANY ANSWERS WERE PROVIDED BY OTHER POSTERS- WILLPOST ONLY WHAT I THINK WAS NOT MENTIONED
LG ARBITRATION- JUDGE NEVER READ THE COMPLAINT- SAW AN ARBITRATION CLAUSE AND GRANTED IT- WE WILL APPEAL
FTC PONTIFICATING ABOUT BANS BEING ANTICOMPETIVE- THEY HAVE NO DIRECT AUTHORITY, ONLY EXPRESS AN OPINION
ITC HAS THE FINAL SAY
CAN THE ITC POSTPONE THE HEARING IN NOVEMBER? VERY UNLIKLY. JUDGES AT THE FTC CAN DO ANY THING THEY WANT.
THE ITC IS STATUTORILY CONSTRAINED AND MUST ABIDE BY A TIME SCHEDULE.
AND MOST IMPORTANTLY:
THE LG ARB, THE FTC AGAINST BANS, THE HUEIWI? SUIT IN EUROPE AND OTHER LEGAL MANUEVERS IS ALL NOISE.
WE HAVE OUR EYE ON THE BALL AND THAT IS THE ITC HEARING IN NOV. THE ITC HAS A NEW STAFF AND A NEW JUDGE.
WE HAVE A ROBUST PEDIGREE PATENT PACKAGE IN FRONT OF THEM. IT WILL TAKE ONLY ONE STAFF MEMBER TO AGREE
WITH US ON ONE PATENT TO ESTABLISH A TIPPING POINT CREATING TREMENDOUS PRESSURE TO COME TO THE TABLE.
THE END