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InterDigital Announces Date for Third Quarter 2022 Financial Results
Source: GlobeNewswire Inc.?
InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company will release its third quarter 2022 financial results before market open on Thursday, November 3, 2022.
InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time (ET) to discuss the company's performance.
For a live Internet webcast of the conference call, visit www.interdigital.com and click on the “Webcast” link on the Investors page. The company encourages participants to take advantage of the Internet option.
For telephone access to the conference call, visit www.interdigital.com and click on the “Dial In Registration” link on the Investors page. Registration is necessary to obtain a dial in phone number and PIN to join.
An Internet replay of the conference call will be available on InterDigital’s website under Events in the Investor’s section. The replay will be available for one year.
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
investor.relations@interdigital.com
+1 (302) 300-1857
InterDigital inks 7-year, $938M patent deal with Apple
MIKE DANO, Editorial Director, 5G & Mobile Strategies
10/3/2022
Apple plans to spend nearly $1 billion over the next seven years for a license to InterDigital's patents. The move potentially indicates the iPhone maker's continued willingness to engage with the likes of Ericsson and Nokia for similar patent-licensing deals.
"On September 30, 2022, InterDigital, Inc. (the "Company") renewed a patent license agreement with Apple, Inc," InterDigital wrote in a brief SEC filing Monday. "The Company expects to recognize approximately $134 million in revenue each year over the seven-year term of the license, which commenced on October 1, 2022."
InterDigital did not provide additional details. However, the issue had been pressing against the R&D company. InterDigital focuses on developing high-end technologies, including those in the 5G realm, and then earning revenues on its patents through licensing deals.
"Apple has been our licensee since 2007 before the shift of the very first iPhone," InterDigital CEO Liren Chen said in August during his company's most recent quarterly conference call, according to a Seeking Alpha transcript. "So, such a long-term relationship here there has been multiple renewals happening. We feel confident about the current negotiation based on how much our technology has advanced; frankly, they have become even more important with the connected world with a lot of market video content being consumed on the device."
He also pointed out that InterDigital's deal with Samsung – the world's other big smartphone maker – is also up for renewal in the fourth quarter of this year.
"It's worth noting that both Apple and Samsung has a much higher concentration of the premium devices in their worldwide sales. So these devices will make more and better use of our high-end technology," InterDigital's Chen suggested.
InterDigital's stock was up slightly Monday to around $47 per share following its announcement with Apple.
Into the future
It's unclear how InterDigital's deal with Apple might affect the iPhone maker's ongoing negotiations with Ericsson. The two are almost a year into a new patent-licensing battle wherein Ericsson is working to derive higher patent-licensing revenues from Apple via its 5G patent holdings.
And Ericsson appears to be firming up its position against Apple. Late last month, the United States International Trade Commission (ITC) issued a new order that puts Ericsson "in great shape," according to Florian Mueller, an intellectual property expert who maintains the Foss Patents website.
Mueller argued that, at this stage, Apple is facing some serious legal setbacks, and it's possible that the iPhone vendor will reach some kind of cross-licensing patent agreement with Ericsson before the December start of a trial on the topic.
Mueller has also speculated that Apple may soon need to ink a new deal with Nokia for 5G patents also. Nokia, for its part, is working to assert its 5G patents against a range of smartphone makers. In that effort, the company recently managed to convince a German court to ban the sale of Oppo smartphones in that country in order to force Oppo to the negotiating table.
https://www.lightreading.com/5g/interdigital-inks-7-year-$938m-patent-deal-with-apple/d/d-id/780810
bim524 - I may very well be wrong but my understanding of a fixed fee license takes into account both the inclusion of 5G and the future volume of units sold during the license time period.
bim524 - Adding 5G to the Apple license increases the fixed fee by 20%. The situation with Samsung should be the same which I anticipate to be another $14 mil annually.
Lenovo needs to be resolved with a 5G license plus recognition for past royalty catch up. I anticipate (hope) that this is completed prior to year end 2022. JMHO
Off topic??? - Apple loses second bid to challenge Qualcomm patents at U.S. Supreme Court
By: Blake Brittain | October 3, 2022
WASHINGTON - The U.S. Supreme Court on Monday again declined to hear Apple Inc (NASDAQ:AAPL)'s bid to revive an effort to cancel three Qualcomm (NASDAQ:QCOM) Inc smartphone patents despite the settlement of the underlying dispute between the two tech giants.
The justices left in place a lower court's decision against Apple after similarly turning away in June the company's appeal of a lower court ruling in a closely related case challenging two other Qualcomm patents.
Qualcomm sued Apple in San Diego federal court in 2017, arguing that its iPhones, iPads and Apple Watches infringed a variety of mobile-technology patents. That case was part of a broader global dispute between the tech giants.
Apple challenged the validity of the patents at issue in this case at the U.S. Patent and Trademark Office's Patent Trial and Appeal Board.
The companies settled their underlying fight in 2019, signing an agreement worth billions of dollars that let Apple continue using Qualcomm chips in iPhones. The settlement included an Apple license to thousands of Qualcomm patents, but allowed the patent-board proceedings to continue.
The board upheld the patents in 2020, and Apple appealed to the patent-specialist U.S. Court of Appeals for the Federal Circuit. Cupertino, California-based Apple argued it had proper legal standing to appeal because San Diego-based Qualcomm could sue again after the license expires, potentially as soon as 2025.
A Federal Circuit three-judge panel, in a 2-1 ruling, dismissed the case last year for a lack of standing, finding that Apple's risk of being sued again was speculative and the challenge would not affect its payment obligations under the settlement.
Qualcomm has again argued that Apple has not shown a concrete injury to justify the appeal, just like in the "materially identical" case that the high court rejected.
Item 8.01.
Other Events.
On September 30, 2022, InterDigital, Inc. (the “Company”) renewed a patent license agreement with Apple, Inc. The Company expects to recognize approximately $134 million in revenue each year over the seven-year term of the license, which commenced on October 1, 2022.
Paullee - Thanks for posting. EOM
InterDigital Board of Directors Declares Regular Quarterly Cash Dividend
Source: GlobeNewswire Inc.
InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share on its common stock, payable on October 26, 2022, to shareholders of record at the close of business on October 12, 2022.
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
investor.relations@interdigital.com
+1 (302) 300-1857
Monterey2000 - Good post and I believe each of your observations are correct. I would add the following:
* Today's number of outstanding shares has never been this low at 29.66 million
* Institutional stock ownership has never been this high at 89.31%
* Short Interest has more than doubled during the past 4 months going from 1.06 million at the end of April to 2.41 million by mid August
Taking these statistics into consideration, if an institution needs to make an investment change to accommodate cash withdrawals or investment allocation concerns, the price of IDCC will change much more rapidly than it has in the past. JMHO
Reply to:
...........
??
August 2, 2022
United States Securities and Exchange Commission
Division of Corporation Finance
Office of Real Estate & Construction
100 F Street, N.E.
Washington, DC 20549
Attention: Frank Knapp
Re:
InterDigital, Inc.
Form 10-K for the Fiscal Year Ended December 31, 2021
Filed February 17, 2022
File No. 001-33579
Dear Mr. Knapp:
This letter responds to a letter from the staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission dated July 20, 2022, concerning the InterDigital, Inc. (“InterDigital” or the “Company”) Form 10-K for the fiscal year ended December 31, 2021 filed February 17, 2022. For the convenience of the Staff, we have repeated the Staff’s comment below in bold text and followed it with the Company’s response.
Form 10-K for the Fiscal Year Ended December 31, 2021
Notes to Consolidated Financial Statements
2. Summary of Accounting Policies and New Accounting Guidance
Compensation Programs, page 65
1.
Please tell us how you considered the guidance in SAB Topic No. 14.D.2 Question 6 in your determination to use the simplified method rather than historical exercise data to estimate the expected term of stock options. In addition, please tell us what consideration you gave to enhancing your footnote to disclose why the simplified method was used.
Response:
The Company advises the Staff that it has determined that it is appropriate to use the simplified method to estimate the expected term of the option awards because the Company has concluded that it does not have sufficient historical option exercise data for the very limited subset of employees receiving stock option grants to provide a reasonable basis on which to estimate the expected term of its options.
InterDigital | 200 Bellevue Parkway, Suite 300 | Wilmington, DE 19809 | USA | T: +1 302.281.3600 | F: +1 302.281.3763
InterDigital began to issue stock option awards to a limited subset of its employee base (i.e. less than ten employees) in January 2013, after having not issued stock options in over seven years. The Company’s prior grants of stock options were to a much broader population (i.e. most levels of the organization) and typically had a contractual term of ten years. The new grants beginning in 2013 generally had a seven-year contractual period and were initially limited to the executive team only (i.e. less than ten employees). For the last five years, options grants have been further limited to an even smaller subset, with a maximum of one to three executives per year receiving grants. The stock options granted have been “plain vanilla” as described within SAB Topic No. 14.D.2 Question 6. For these reasons, we do not believe our historical exercise patterns provide a reasonable basis to estimate the term of these grants to executives.
Provided that we continue to grant options on a very limited basis, we will enhance our disclosure for future periods as follows:
For stock options considered to be “plain vanilla” options, the Company estimates the expected term based on the simplified method as The expected life of our stock option awards is based on the simplified method as prescribed by Staff Accounting Bulletin Topic 14. The simplified method was used because the Company does not believe it has sufficient historical exercise data to provide a reasonable basis for the expected term of its grants.
Should you have any questions regarding foregoing matters or wish to discuss further the response above, you may contact me at (302) 281-3621.
Very truly yours,
/s/ Richard J. Brezski
Richard J. Brezski
EVP, Chief Financial Officer
InterDigital | 200 Bellevue Parkway, Suite 300 | Wilmington, DE 19809 | USA | T: +1 302.281.3600 | F: +1 302.281.3763
Any observations?
..............
United States securities and exchange commission logo July 20, 2022 Richard J. Brezski Chief Financial Officer InterDigital, Inc. 200 Bellevue Parkway, Suite 300 Wilmington, DE 19809 Re: InterDigital, Inc. Form 10-K for the Fiscal Year Ended December 31, 2021 Filed February 17, 2022 File No. 001-33579 Dear Richard J. Brezski: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to the comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to the comment, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2021 Notes to Consolidated Financial Statements 2. Summary of Significant Accounting Policies and New Accounting Guidance Compensation Programs, page 65 1. Please tell us how you considered the guidance in SAB Topic No. 14.D.2 Question 6 in your determination to use the simplified method rather than historical exercise data to estimate the expected term of stock options. In addition, please tell us what consideration you gave to enhancing your footnote to disclose why the simplified method was used. Richard J. Brezski InterDigital, Inc. July 20, 2022 Page 2 In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Frank Knapp, Staff Accountant at (202) 551-3805 or Jennifer Monick, Assistant Chief Accountant at (202) 551-3295 with any questions. FirstName LastNameRichard J. Brezski Sincerely, Comapany NameInterDigital, Inc. Division of Corporation Finance July 20, 2022 Page 2 Office of Real Estate & Construction FirstName LastName
Any guesses about which Chinese company this new license agreement is with or in what products this Sequans chip is in? Thanks in advance.
Advanced HDR by Technicolor and the Future of TV
Advanced HDR by Technicolor and the Future of TV
AUGUST 24, 2022 / POSTED BY: INTERDIGITAL COMMS
From conversation with InterDigital Vice President of Technology Alan Stein
The evolution of television has been fostered by innovations that fundamentally enhance the visual impact of our viewing experiences. A ground-breaking innovation in television evolution was sparked by the introduction of high dynamic range (HDR) production and display solutions that enhance the viewing experience with crisper content and more vibrant colors on high-definition televisions. Alongside complementary innovations across the video ecosystem, InterDigital is a leading contributor to an award-winning suite of HDR technology solutions that are today unlocking new opportunities for the video ecosystem.
Looking Backwards
But first, a look back at history.
The earliest television content was exclusively broadcast in black-and-white after television sets gained widespread adoption in the 1940s following WWII. After the introduction of the color television in the 1960s, television manufacturers had to accommodate state-of-the-art color television broadcasts on both color-capable televisions, as well as on older, black-and-white televisions. It was imperative to create a solution that ensured broadcasts designed for color-capable televisions could also be decoded and applied “backwards” to display a comparable quality picture on black-and-white displays.
The concept of “backwards compatibility” has fueled innovation in the video ecosystem by offering solutions that support the highest quality of content while also optimizing broadcasts to older versions of devices and capabilities. Fast forward to today, and the latest innovations in television are still being bolstered by backwards-compatible technology techniques to foster the highest quality broadcast regardless of display type.
In fact, contributions made by InterDigital and industry partners Philips and Technicolor to the award-winning Advanced HDR by Technicolor* solutions have helped democratize device access to some of the highest quality, most visually enhanced content. As audiences begin to demand and consume more high-definition content, InterDigital’s Advanced HDR contributions ensure that consumers who receive HDR content on a standard-dynamic range (SDR) device, or even SDR content received on an HDR device, can enjoy the highest-quality visual experience.
What is Advanced HDR by Technicolor?
A suite of HDR production, distribution, and display solutions developed through the research and technology contributions of InterDigital and Philips, Advanced HDR by Technicolor fundamentally enhances the image quality and the viewing experience for both HDR and SDR video content. A valuable television technology, our state-of-the-art solutions can format both SDR and HDR content without compromising the viewing experience of each unique display, regardless of device capability.
In production, HDR depends on the type of content being watched, whether live or pre-broadcast, produced in a studio or outdoors. In a live sports context, producers are primarily concerned with ensuring lighting levels are consistent, so they do not distract from the viewing experience, whether on an HDR or SDR television. As such, our HDR solutions may be leveraged for live broadcasts of outdoor sports, as it uses machine learning to mitigate dynamic changes in natural light and to deliver high quality images for live events in real time.
In fact, the solutions provided by Advanced HDR by Technicolor were recently adopted by Sinclair Broadcasting Group, a media conglomerate owning TV stations in more than 100 U.S. markets, with critical coverage of live news, sports, and more. By incorporating our HDR solutions within their broadcasts, a Sinclair station may use the ATSC 3.0 standard to deliver HDR and high-definition content to all viewers, but a local subscriber with an SDR television can still receive the HDR content optimized for their SDR device. Regardless of the caliber of the viewing device, the solutions we provide through Advanced HDR by Technicolor ensure the viewing experience is optimized.
?
Alternatively, cinematic productions pose different challenges than live broadcasts. In situations where a cinematographer is involved, artistic decisions around light and color are more easily controlled, with some scenes presenting more brightly lit scenes while others are saturated with dark colors and lower intensity light.
?An example of the importance of HDR technology solutions was revealed during a climactic battle scene in Season 8 of HBO’s Game of Thrones. Specifically, show producers were criticized for the very low levels of ambient light during what was heralded as the longest battle sequence ever filmed in cinematic history, “The Battle of Winterfell”. Viewers of the episode largely complained that critical scenes were dark and unclear, with show producers suggesting that the culprit could be improperly configured display devices, streaming from a lower bitrate source, or a combination of these factors. From another perspective, the show directors also claimed that the darkness of the episode was artistically enhanced to convey the horror and confusion of war, but the intended artistic effect likely did not arrive to viewers without properly-configured HDR technology and devices.
Most televisions are factory-configured to showcase the best display in a brightly lit showroom, but most television buyers don’t adjust or optimize their television settings for typical viewing in a darker living room after installation. In the example from Game of Thrones, many of the televisions and devices used to watch the episode were not configured to showcase the dark and shadowy tones of the battle scenes as the show creators intended.
Content is a critical component of the video ecosystem, and as consumers begin to expect more immersive video, the ability to preserve a content creator's original intent in SDR, while also delivering high-quality HDR content, helps democratize access to immersive viewing experiences. InterDigital’s contributions to Advanced HDR by Technicolor offer critical solutions to optimize content delivery for both HDR and SDR devices, while preserving the creative intent of the content creator.
What’s Next?
Like many groundbreaking innovations, HDR is challenged with the chicken-or-the-egg approach to adoption of this new technology and its enabled content. Interested audiences may be wary to purchase HDR televisions until there is a greater amount of HDR content to consume, while broadcasters are apprehensive to publish HDR content if more consumers do not have the appropriate devices on which to enjoy them. Critically, our HDR solutions help to accommodate both SDR and HDR device types while seeding the ground to support the crisper, more immersive HDR content that audiences desire as more consumers transition from SDR to HDR devices.
As we innovate towards the future, newer platforms and greater diversity in device types will emerge. Our contributions to the solutions provided by Advanced HDR by Technicolor provide a critical ingredient to deliver the best television viewing experience, regardless of circumstance.
*Advanced HDR by Technicolor is a trademark owned by Technicolor and licensed to Philips
Amazon launches AWS Private 5G so companies can build their own 4G mobile networks
Paul Sawers@psawers / 7:05 AM EDT•August 12, 2022
Amazon’s cash-cow cloud division AWS has launched a new service designed to help companies deploy their own private 5G networks — eventually, at least.
AWS first announced AWS Private 5G in early preview late last year, but it’s now officially available to AWS customers starting in its U.S. East (Ohio), U.S. East (N. Virginia), and U.S. West (Oregon) regions, with plans to roll it out internationally “in the near future.”
But — and this is a big “but” — despite its name, AWS Private 5G currently only supports 4G LTE.
“It supports 4G LTE today, and will support 5G in the future, both of which give you a consistent, predictable level of throughput with ultra low latency,” AWS chief evangelist Jeff Barr wrote in a blog post.
With AWS Private 5G, companies order the hardware (a radio unit) and a bunch of special SIM cards directly from AWS, and AWS then provides all the necessary software and APIs (application programming interfaces) to enable businesses to set up their own private mobile network on-site. This incorporates the AWS Management Console, through which users specify where they want to build their network and their required capacity, with AWS automating the network setup and deployment once the customer has activated their small-cell radio units.
Crucially, the AWS-managed network infrastructure plays nicely with other AWS services, including its Identity and Access Management (IAM) offering which enables IT to control who and what devices can access the private network. AWS Private 5G also channels into Amazon’s CloudWatch observability service, which provides insights into the network’s health among other useful data points.
In terms of costs, AWS charges $10 per hour for each radio unit it installs, with each radio supporting speeds of 150 Mbps across up to 100 SIMs (i.e. individual devices). On top of that, AWS will bill for all data that transfers outwards to the internet, charged at Amazon’s usual EC2 (Elastic Compute Cloud) rates.
So in effect, Amazon is promising industries — such as smart factories or other locations (remote or otherwise) with high-bandwidth requirements — instant, localized 5G, while shoehorning them onto its sticky cloud infrastructure where the usual fees apply.
Public vs private
It’s clear that 5G has the potential to transform many industries, and will be the bedrock of everything from robotics and self-driving cars, to virtual reality and beyond. But public 5G networks, which is what most consumers with 5G-enabled devices currently rely on, have limited coverage and the bandwidth may be shared by million of users. On top of that, companies have little control over the network, even if their premises are within range of the network. And that is why private 5G networks are an appealing proposition, particularly for enterprises with mission-critical applications that demand low-latency data transfers round-the-clock.
AWS Private 5G uses Citizen Broadband Radio Service (CBRS), a shared 3.5 GHz wireless spectrum that the Federal Communications Commission (FCC) authorized in early 2020 for use in commercial environments, as it had previously been reserved for the Department of Defense (DoD). So this update essentially opened CBRS to myriad use-cases, including businesses looking to build new 5G services, or extend existing 4G/LTE services.
At the same time, the FCC announced key Spectrum Access System (SAS) administrators who would be authorized to manage wireless communications in the CBRS band, a process effectively designed to protect “high priority” users (e.g. the DoD) from interference. Any device connecting to the CBRS spectrum needs authorization from a SAS administrator, which today includes Google, Sony, CommScope, Federated Wireless, Key Bridge Wireless, and Amdocs.
And this is a key component of the new AWS Private 5G service — it’s fully-integrated into the SAS administration process, with AWS managing everything on behalf of the customer, including taking on responsibility for interference issues among other troubleshooting tidbits relating to spectrum access.
So Amazon’s new private 5G offering is perhaps something of a misnomer as it stands today, insofar as it currently only supports 4G LTE. But the OnGo Alliance (then called the CBRS Alliance) completed its 5G specs for CBRS more than two years ago now, and the intervening months have been about setting the foundation to enable fully commercial 5G services — just yesterday, Samsung Electronics America announced a partnership with Kajeet to deploy a new private 5G network on CBRS.
But while “AWS Private 5G” is a nod to what it’s built to support in the future, the current branding may cause some consternation among interested parties seeking local 5G deployments today.
https://techcrunch.com/2022/08/12/amazon-launches-aws-private-5g-so-companies-can-build-their-own-on-site-mobile-networks/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuMXN0aGVhZGxpbmVzLmNvbS8&guce_referrer_sig=AQAAAD22vgEx8OrcizvHtGXPbX7wfCx0xvLA1mXsYWSP64QvyLbnMyc8x9WyEcRN3t-1dCEjJ4OUAyS11xApGdkCpE6nG9ayx5rZxogjXvnymeXYYEpsnA8179tpD4Ffq4i2ABMjcicDow3mPSnwBFCl-fmbGJPxIhHqzNImmg1KTtaH
IDCC new 52 week low. EOM
Monterey2000 - I agree that Technicolor must be the source. Appreciate your thoughts concerning this.
This may have already been posted:
<iframe width="640" height="360" scrolling="no" frameborder="0" style="border: none;" src="https://www.bitchute.com/embed/ze1Ycyy59Ibs/"></iframe>
I noticed that B of A was involved in the renewal of the convertible bond issue earlier this year. I am guessing that part of that discussion was for B of A to begin coverage of IDCC common stock. B of A looked at their stable of analysts and thought that Tal Liani was best positioned to assign IDCC coverage because he had been covering QCOM. He should have taken that assignment seriously. JMHO
Today's 10 Q, page 10:
First six months of 2022
Non-cash acquisition of patents $30,100,000
Any thoughts? From who? What patent family?
Amazon guess: drone delivery system
Monterey2000 - I agree with you about the lack of understanding that the B of A analysts had prior to being on this conference call was glaring! I also want to note that both Liren and Rich were most kind in their replies to them. B of A coverage could be very beneficial to IDCC in the future if their analysts would do just a little bit of homework.
If B of A likes what they see in tomorrow's press release, they should at least enhance their rating of IDCC's stock above "under preform" with a new "target price". Either that or discontinue coverage.
Hope that this link works:
Simply Wall St: These 4 Measures Indicate That InterDigital (NASDAQ:IDCC) Is Using Debt Safely.
https://simplywall.st/stocks/us/software/nasdaq-idcc/interdigital/news/these-4-measures-indicate-that-interdigital-nasdaqidcc-is-us
Item 4.01 Changes in Registrant’s Certifying Accountant.
Effective February 1, 2022, BIO-key International Inc’s (the “Company”) independent registered public accounting firm, Rotenberg Meril Solomon Bertiger & Guttilla, P.C. Certified Public Accountants (“Rotenberg”), combined with Marcum LLP. Rotenberg continued to operate as an independent registered public accounting firm as a wholly-owned subsidiary of Marcum LLP.
Rotenberg continued to serve as the Company’s independent registered public accounting firm through the filing of the Company’s Report on Form 10-Q for the quarter ended March 31, 2022. On July 20, 2022, the Audit Committee of BIO-key approved the engagement of Marcum LLP to serve as the independent registered public accounting firm of the Company for the year ended December 31, 2022.
During the two years ended December 31, 2021 and through the date of this report, the Company did not consult Marcum LLP with respect to any of (i) the application of accounting principles to a specified transaction, either completed or proposed; (ii) the type of audit opinion that might be rendered on the Company’s financial statements; or (iii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) or an event of the type described in Item 304(a)(1)(v) of Regulation S-K.
Rotenberg’s transition into Marcum has progressed and Rotenberg has formally resigned on July 20, 2022, as our independent registered public accounting firm and the services previously provided by Rotenberg will now be provided by Marcum LLP.
Rotenberg’s report on our financial statements for the fiscal years ended December 31, 2021, and 2020 did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to audit scope or accounting principles.
During the years ended December 31, 2021 and 2020 and the subsequent interim period through the quarter ended March 31, 2022 (i) we did not have any disagreements with Rotenberg on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to Rotenberg’s satisfaction, would have caused them to make reference thereto in their reports on the Company’s financial statements for such periods, and (ii) there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.
InterDigital initiated with an Underperform at BofA
Jul. 25, 2022 2:01 PM ETIDCCBy: Pranav Ghumatkar, SA News Editor
BofA analyst Tal Liani initiated coverage of InterDigital (IDCC) with an Underperform rating.
The R&D and patent provider within the wireless, video, and AI industries has a robust recurring revenue model from charging fixed-fee rates for access to its patent portfolio, said Liani,
The analyst models growth to decelerate to only 2% in 2022/23 as growth is largely a function of new customer deals.
He also expect solid 5G growth, but remains cautious on the long-term runway, arguing that valuation and long-term growth catalysts remain concerns.
InterDigital's SA Quant Rating says Buy whereas, Wall St. Analysts Rating stands with Strong Buy (1 Very Bullish, 1 Bullish).
Since the start of 2022, InterDigital's shares were down around 20%, and over a period of one year, shares were down around 10%.
Shares are currently -7.65% to $58.09 today.
Upgrades & Downgrades
InitiatedB of A Securities: to Underperform7/25/2022ReiteratesB. Riley: to Buy1/15/2020MaintainsB. Riley FBR: to Buy8/2/2019UpgradeDougherty: Neutral to Buy2/23/2018UpgradeSidoti & Co.: Neutral to Buy8/8/2017UpgradeB. Riley FBR: Neutral to Buy5/5/2018DowngradeDougherty & Co.: Buy to Neutral10/5/2016DowngradeB. Riley FBR: Buy to Neutral5/5/2018MaintainsBarclays: to Equal-Weight9/23/2016MaintainsBarclays: to Equal-Weight9/9/2016InitiatedB. Riley FBR: to Buy5/5/2018MaintainsBarclays: to Equal-Weight1/5/2016MaintainsBarclays: to Equal-Weight11/11/2015MaintainsBarclays: to Equal-Weight10/9/2015InitiatedSidoti & Co.: to Buy9/29/2015MaintainsBarclays: to Equal-Weight6/12/2015MaintainsBarclays: to Equal-Weight4/30/2015MaintainsBarclays: to Equal-Weight10/31/2014MaintainsBarclays: to Equal-Weight7/29/2014UpgradeM Partners: Hold to Buy7/5/201
So today (7/25/22) at 11:55 AM EST, with volume traded at 97,410 after the market has been open less than 2 and a half hours, the volume weighted average price for IDCC common stock is $59.91. Tal Liani from B of A works fast.
Tal Liani is the analyst's name.
He said "the stock simply has no growth catalyst ahead".
No link available.
Bank of America initiated coverage for IDCC as underperform with a price target of $60.00.
Link not available
InterDigital’s Xiaofei Wang Appointed Chair of the IEEE 802.11 Topic Interest Group (TIG) for Artificial Intelligence and Machine Learning (AIML)
Source: GlobeNewswire Inc.
InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, applauded the appointment of Xiaofei Wang to serve as Chair of the Topic Interest Group for Artificial Intelligence and Machine Learning (AIML) in IEEE 802.11, the IEEE working group dedicated to standards for wireless local area networks (WLAN).
The IEEE 802.11 AIML TIG is responsible for identifying and exploring potential use cases for AIML for Wi-Fi and will specifically describe AIML use cases applicable in 802.11 Wi-Fi systems. In addition, the topic interest group will investigate the technical feasibility of features that enable support for AIML.
“We congratulate Xiaofei for this important leadership appointment, as it is a significant recognition of his research career and dedicated participation throughout 802.11 standards development,” said Rajesh Pankaj, Chief Technology Officer, InterDigital. “This position will greatly increase InterDigital’s contribution to the operation of IEEE 802.11 working group and standardization process for new technologies, such as AIML for WLAN.”
In addition to his leadership role in the AIML TIG, Xiaofei also serves as secretary for the IEEE 802.11bc Task Group.
The AIML TIG commenced its research activities in July and is expected to conclude in March 2023.
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Roya Stephens
Email: roya.stephens@interdigital.com
+1 (202) 349-1714
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INTERDIGITAL, INC. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits (form 8-K)
07/15/2022 | 04:35pm EDT
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
On July 13, 2022, the Board of Directors (the "Board") of InterDigital, Inc. (the "Company") approved and adopted an amendment and restatement of the Company's amended and restated bylaws (the "Amended and Restated Bylaws"). Among the changes contained in the Amended and Restated Bylaws are the following:
? The Amended and Restated Bylaws revise the deadline for advance notice of
business and nominations for an annual meeting of shareholders to generally not
later than the close of business 90 days nor earlier than the close of business
120 days prior to the one-year anniversary of the preceding year's annual
meeting; provided, however, that in the event that the date of the annual
meeting is more than 30 days before or more than 60 days after such anniversary
date, notice by the shareholder must be so received not earlier than the 120th
day prior to the annual meeting and not later than the later of the 90th day
prior to the annual meeting or, if later, the tenth day following the day on
which public announcement of the date of the meeting is first made by the
Company. As a result of the amendments, for consideration at the 2023 Annual
Meeting of Shareholders, director nominations or the presentation of other
business must be received by the Secretary of the Company no earlier than
February 1, 2023, and no later than March 3, 2023. In addition, the Amended
and Restated Bylaws revise the deadline for advance notice of director
nominations for a special meeting of shareholders where directors will be
elected to generally not earlier than the close of business 120 days prior to
such special meeting and not later than the close of business 90 days prior to
such special meeting, or, if later, the tenth day following public announcement
of the special meeting.
? The Amended and Restated Bylaws also revise the advance notice disclosure
requirements to require the shareholder proposing business or nominating
directors to provide additional information about the shareholder's ownership
of securities in the Company (including ownership of derivative securities) and
material litigation, relationships and interests in material agreements with or
involving the Company. Further, the Amended and Restated Bylaws require the
shareholder to provide additional information regarding any candidate the
shareholder proposes to nominate for election as a director, including all
information with respect to such nominee that would be required to be set forth
in a shareholder's notice if such nominee were a shareholder delivering such
notice and a description of any direct or indirect material interest in any
material contract or agreement between or among the nominating shareholder and
each nominee or his or her respective associates. Additionally, the Amended
and Restated Bylaws require any candidate for the Board, whether nominated by a
shareholder or the Board, to provide certain background information and
representations regarding compliance with all applicable policies and
guidelines of the Company and intent to serve the entire term, and any such
other information as the Board may reasonably request. The Amended and
Restated Bylaws also require the shareholder to provide additional information
regarding the proposed business and any related agreements between the
shareholder and any other beneficial holder or other information relating to
such item of business that would be required to be disclosed in a proxy
solicitation pursuant to the Securities Exchange Act of 1934, as amended. All
disclosures must be updated as of the record date for shareholders entitled to
vote at the meeting and as of the date that is ten business days prior to the
meeting.
? The Amended and Restated Bylaws also provide that, unless the Company consents
in writing to the selection of an alternative forum, the state courts of the
Commonwealth of Pennsylvania in and for Philadelphia County (or, in the event
that the state courts of the Commonwealth of Pennsylvania in and for
Philadelphia County do not have jurisdiction, the federal district court for
the Eastern District of Pennsylvania or other state courts of the State of
Pennsylvania) shall, to the fullest extent permitted by law, be the sole and
exclusive forum for: (i) any derivative action, suit or proceeding brought on
behalf of the Company; (ii) any action, suit or proceeding asserting a claim of
breach of a fiduciary duty owed by any director, officer or shareholder of the
Company to the Company or to the Company's shareholders; (iii) any action, suit
or proceeding arising pursuant to any provision of the Pennsylvania Business
Corporation Law of 1988, as amended, or the Company's articles of incorporation
or bylaws (as either may be amended from time to time); and (iv) any action
asserting a claim against the Company governed by the internal affairs
doctrine, and further provides that the U.S. federal district courts shall be
the exclusive forum for the resolution of any complaint asserting a cause or
causes of action arising under the Securities Act of 1933, as amended,
including all causes of action asserted against any defendant to such
complaint. The Amended and Restated Bylaws also include certain technical,
conforming, modernizing and clarifying changes.
The Amended and Restated Bylaws are filed herewith as Exhibit 3.1. A blackline of the Amended and Restated Bylaws, marked against the prior version of the Company's amended and restated bylaws, is filed herewith as Exhibit 3.2. The foregoing description of the changes contained in the Amended and Restated Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended and Restated Bylaws, which is incorporated herein by reference.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
3.1 Amended and Restated Bylaws of InterDigital Inc., dated as of July 13,
2022
3.2 Amended and Restated Bylaws of InterDigital Inc., dated as of July 13,
2022 (marked to show changes against prior version)
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
https://www.marketscreener.com/quote/stock/INTERDIGITAL-INC-9632/news/INTERDIGITAL-INC-Amendments-to-Articles-of-Inc-or-Bylaws-Change-in-Fiscal-Year-Financial-Stat-40997964/
Free webinar: 5G networks and the new coding standards
Speakers include BT Sport's Matt Stagg, InterDigital's Alan Stein, and Simon Forrest from Futuresource Consulting
BY JENNY PRIESTLEY
PUBLISHED: JUNE 23, 2022 · UPDATED: JULY 5, 2022
TVBEurope and InterDigital are joining forces to host a free webinar to discuss how existing and new forms of audiovisual projects can harness the advances in 5G networking technology.
The webinar, which takes place at 3pm BST on Tuesday 19th July, and is free to join.
A recent report by Futuresource Consulting and commissioned by InterDigital, examines the roll out of 5G networks worldwide and considers the potential intersect between 5G and new video coding standards.
The higher bandwidth available over 5G is expected to unlock higher resolution video services and new forms of media, such as volumetric content and enable new audiovisual experiences for audiences at live events and for virtual participants.
Speakers include the report’s author, Simon Forrest, principal technology analyst at Futuresource Consulting; BT Sport’s mobile and immersive strategy director, Matt Stagg; and Alan Stein, VP technology at InterDigital.
Don’t miss out on this webinar with leading experts sharing their knowledge of how 5G will impact video and TV transmission, create opportunities in extended reality (XR), and lead the transition to new video standards.
Apple Ericsson patent battle intensifies with a legal first for the Cupertino company
Ben Lovejoy - Jul. 12th 2022 5:19 am
9to5Mac: Apple Ericsson patent battle intensifies with a legal first for the Cupertino company.
https://9to5mac.com/2022/07/12/apple-ericsson/
InterDigital Joins Avanci IoT Licensing Platform
Company Release - 9/14/2016
WILMINGTON, Del., Sept. 14, 2016 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that it has joined Avanci, the industry’s first marketplace for the licensing of cellular standards-essential technology for the Internet of Things (IoT). The licensing platform brings together some of InterDigital’s peers in standards-essential technology leadership, and makes 2G, 3G and 4G standards-essential patents available to IoT players in specific product segments with one flat-rate license.
“Avanci is a significant step forward in providing access to standards-essential patents for this new market, which is projected to see dramatic expansion in the next few years,” said Lawrence F. Shay, Senior Executive Vice President, Future Wireless, at InterDigital, Inc. “Avanci brings a leadership team with a long track record of success and provides access to a portfolio of technologies from some of the leaders in mobile R&D, offering licensees simplicity and tremendous value.”
The Avanci licensing programs in specific product segments for the IoT industry will provide access to the entire applicable standards-essential wireless patent portfolios held by all of the platform participants, as well as any additions to their portfolios during the term of the license. InterDigital is pleased to participate in Avanci’s initial licensing program that will include automobiles and smart meters covering 2G, 3G and 4G standards-essential cellular technologies – technologies where InterDigital is an acknowledged global leader.
“Joining Avanci will provide a strong vehicle for licensing of the IoT, and will layer nicely over our existing core licensing program addressing handsets and other connected devices like tablets and laptops,” said William J. Merritt, President and CEO of InterDigital. “With a broader licensing program and our goals with regard to our oneMPOWER™ and wot.io™ technology solutions, InterDigital is continuing to execute on its strong core business while exploring new avenues for growth.”
About InterDigital®
InterDigital develops mobile technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc. oneMPOWER and wot.io are trademarks of InterDigital, Inc.
For more information, visit: www.interdigital.com.
04:41 PM EDT 07/07/2022 (MT Newswires) -- Quaker Houghton (KWR) said late Thursday it appointed Melissa Leneis as chief human resources officer, effective July 5. Leneis most recently served in the same role at InterDigital (IDCC).
[link not available]
patopinion - thanks for posting.
To all - have a safe Fourth of July celebration!
7/1/22 Total IDCC day volume is 151.26 K shares.
At 4:26 (after the close) a single block trade prints with 82.81 K @ $60.55.
This represents 54.75% of shares traded for the entire day.
Have a safe 4th of July holiday.
InterDigital’s Ravikumar Pragada Bestowed the IEEE Benjamin Franklin Key Award for Critical Contributions to 5G
June 30 2022 - 04:00AM
GlobeNewswire Inc.
InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that Ravikumar Pragada, Senior Principal Engineer and Senior Director in InterDigital’s Future Wireless North America Lab, has been awarded the Institute of Electrical and Electronics Engineers (IEEE) esteemed Benjamin Franklin Key Award for the significant contributions he and the Lab have made to 5G wireless research and technology evolution. The Benjamin Franklin Key Award celebrates an electrical engineer within IEEE’s Philadelphia Section for outstanding technical innovation and contributions to technologies that have significant practical applications, with an emphasis on tangible achievements that demonstrate intellectual, industrial, economical or human benefits.
Recognized for his leadership in pioneering key elements in the evolution of radio access connectivity throughout generations of cellular wireless systems, Mr. Pragada maintains a long career of pre-standards research and innovations that have shaped groundbreaking system architectures. In fact, Mr. Pragada was a trailblazer for leveraging the potential of millimeter wave (mmWave) spectrum and beam-based designs in radio access networks. He led the development of InterDigital’s EdgeHaul mmWave mesh-backhaul system and encouraged adoptions of critical mmWave cellular system architectures. mmWave is foundational to 5G and is crucial to achieving the high speed and ultra-low latency requirements that underpin the 5G use cases that will transform the technology landscape for businesses in Philadelphia and worldwide. Mr. Pragada continues to lead efforts on furthering higher frequency research for cellular systems, currently focused on sub-THz spectrum which a key contender for 6G.
“We congratulate Ravikumar for this well-deserved recognition of his long career of significant technology contributions and the ways his research leadership and contributed innovations have fundamentally shaped the networks being commercially deployed today,” said Milind Kulkarni, Head of Wireless Labs, InterDigital. “At InterDigital we pride ourselves on our visionary work in wireless and radio communications and video technologies, and Ravikumar’s years of research expertise and industry collaboration have truly helped define the foundations upon which our 5G future is being built.”
All winners of the IEEE Benjamin Franklin Key award will be featured on the IEEE Philadelphia website and honored at the IEEE awards banquet in the fall.
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Roya Stephens
Email: Roya.stephens@interdigital.com
+1 (202) 349-1714