Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Conference call was very impressively orchestrated by all. In the past I have made a couple off-hand remarks questioning Fagan's abilities and I will say that I felt he was well prepared, polished, and executed extremely well, based upon reading the transcript. UB also was very confident yet not arrogant at all.
I am soooo glad to hear UB speak so much about shareholder value, and at this stage of hitting our market I am completely happy with a stock repurchase, as there are still some uncertainties ahead - why place yourself in the expectation of providing an ongoing annuity (implied from the day you declare one that it should henceforth be a perpetual stream.
Wait until you KNOW you can support that. The shareholder buyback is an event that can still be controlled based upon performance that is still forward-looking. It's the right move for our current position - as it is an anti-dilutive gesture that, taken with his shareholder value message, I really appreciate.
I like that we're moving from a toll station to a technology enabler, with tangible value adds, products, and chips, to help drive a licensing program for the underlying IPR that we developed and gained acceptance for, in full witness and competition among peers in the standards bodies.
It was the best I have heard and I feel more confidence in both the CEO and the CFO. Great Job!
Terps,
All I can say is congratulations and that I wish I had your problems. I know many exited Morgan Stanley a year or so back - I have no idea how their recovery is shaping up?
re: Bulldozer,
I sure was over the top on that bloodsucking greed statement and any attack on individuals could only be based on perception rather than any hard facts I have put together. My apologies to all for that - all of which comes out of frustration over what I consider to be the only downside and the highest risk to the most promising investment that I hold.
I'm not selling my shares any time soon but I applaud any individuals that "do the math" and attempt to correct abuse. Seeing what's in the numbers is a talent too - the board does not consist of only lawyers adding value.
CORP stood up professionaly for what he believes in through an available avenue with the intent of making a difference, and forcing an improvement, to curb the direct transfer of wealth occuring from shareholder to management via accountability and less entrenched tenures. I personally felt it was a bold move for an individual to make, and if there was no malicious intent it becomes an example of the true leadership.
Shareholder's could be and should be realizing a higher return on investment, and public companies are not supposed to be run with shareholder's as the bottom of the list of priorities - not taking anything away from employees - and I'm not implicating the employees/engineers as the ones abusing the shareholder's in my venting.
Sorry for the overkill, and thanks for allowing me to vent a little. I'm back to lurking. It's the bashing of an example where someone put the math directly in front of all to make a valid point that made me step up.
I do like the focus of the board and the coverage of legal developments. I also feel LG license was true validation and more will follow - the lawyer's contributions are awesome, as always.
One of Warren Buffets main criteria for selecting a company to invest in is to have a responsible management taking actions that are non-dilutive to shareholders. It's the managements bloodsucking greed that has had people waiting for years, and some dying before ever seeing a return on their investment.
IDCC recently came to the feeding trough again, and threw out the surprise 15 million to pacify the circumstances surrounding their slothful actions, while they could have surprised the market by beating the expected numbers - yet instead they fed themselves again.
I have to side with CORP on his point and I could care less about the timing - it's the stinking truth and everyone defends their actions while the Holy Grail is always in the distance for the shareholder's but a perpetual fountain for management - if the company was run with Shareholder Interests in mind we would all be much wealthier by now.
I know - I have to shut-up because HC was re-elected, but I think his position and the compensation levels he has been responsible for is a total conflict of interest with Shareholders. We've all been through these conversations ad-nauseum - and I think the consensus was that CORP Buyer has every right to make a good point, just not over and over again.
There are many long-term shareholder,s that feel management is greedy and don't give a rats about shareholder's. HG stated it publicly that shareholder's fall below both management and other employees in the hierarchy - essentially at the bottom and it's obvious to some the company is essentially still run like a private company, owned by Harry Campagna - an independent director by title.
I, for one, would appreciate a temporary tumble so that I can hop back on some leaps without getting skinned alive on premiums.
Ya know, I made a couple of negative comments about Fagan a week or so back (sort of kidding, but a jab nevertheless), and after reading his credentials, and a similar onslaught the other day, I was quite impressed w/the guys background that someone posted on the board and regret making any negative remarks at all about the guy. I wish him all the success.
Desert Dweller:
Fagan is not going to know exactly when to book it unti Ronny provides him further accounting guidance. Of course, they don't invite Ronny to the trough to feed...what an injustice
Ricardo, Nokia's action already resulted in my boycott of there phones, and I even filled out a customer survey upon their new product notification why I would not purchase their products. I'm sure I'm not the only IDCC Shareholder, or Qualcom shareholder that has done so.
Data, Yang has arrived on the board!!!
Gotta love the balance in the Universe...
Mschere: Now that's a good omen!
Thanks for the post!
Robert, sure it's legal they'll just be listening to everything you say. LOL
I feel your pain JaeJae. I was really loaded up expecting a positive outcome of Nokia arbitration. It took most of my play money. I had enough on the line to buy a new truck and an nice engagement ring. I lost the truck, and get married June 24th.
I know - some would have bought the truck...
jaejae,
I certainly have been in your shoes in months past. And I'm down heartily this year because of it. Ya got to move past it cause there was no foul.
Jimlur,
Thanks for all you do! This rides going to take off, someday soon. If the market laughs at this one it's only to load the boat.
Look what recently happened to RMBS, when the outlook started looking positive, even before the hand is played out. A very recent double just on a more promising outlook, and a license agreement.
Hope the recognition now comes around to us.
Navakov - Great Post! The best
Was reviewing the board and market when 8-K hit. Been joyously reading the board ever since. Somebody needs to call and wake Nicmar up - I'm surprised the lucky guy wasn't out buying options today. Holding no options myself, but I bought more Roth shares about four weeks ago when things were looking flat and at least feel good about that.
Congrats to all the longs!
OT: Art,
Yep, still a road warrior supporing a software implementation for the Navy. I really enjoy it alot (except the travel gets old). Just booked ticks to D.C. to evaluate what the next rollout has to offer for our command, and I will hopefully support that rollout as well.
Recently became engaged to my high school sweetie in November. I realized what I missed out on the first time, and didn't make the same mistake twice. A wonderful eight year old girl will make a family of three. I just turned forty three and it's nice to finally find someone to share the joys of life with. God willing, little Cassi sure wants a brother or sister to play with.
I'll have to talk Nicmar out to the farm for BBQ this spring so he can supervise while I trim my two apple trees.
My3Sons - ever tried the Country Quencher?
Great news today
Nicmar, glad to hear it man. Nice timing...
sinnett4, you can only say that in hindsight.
revlis, I would not bet against you on that one. Just making a point that there were really only two litigation matters that would prevent forward momentum and one's down even without further progress w/Lucent over the IDCC patent portfolio.
Revlis,
There may really be some meat behind this settlement that will become apparent later - obviously everyone is wanting clarity, analysts especially. How is an analyst supposed to jump on board if we are not going to explain the full scope of a legal settlement?
But on a morepositive note, If there are any obvious outstanding issues that may be holding up a 3G deal with someone like ERICY - anticipated from HG remarks of their integrity, the valuation of Tantivity patents could have been a source of delay, and with valuation now established it's one less potential obstacle to a 3G agreement w/ERICY.
I always believed that IDCC agreed to step up to the litigation table defending Tantivity's original patents as part of the original agreement with Tantivity, and that final settlements with those parties on the valuation of that deal rest on this outcome. Hence it always had to be an arms-length away, and the two portfolio's will be valuated separately.
It wasn't until later that IDCC made a full acquisition and it then became even fuzzier on how much the total payout for the Tantivity patents actually are, or if valuation still rests on the outcome of this case.
I think a subsequent Lucent agreement will be structured similar to ERICYs, with the possible exception that it may be an actual cross-licensing agreement versus an option to excercise a Technology Reference Platform agreement (sorry I don't recall the term exactly). The possibility of a cross-license agreement also raises the possibility of a lower dollar amount if Lucent has patents that IDCC feels would be valuable to them.
Sjratty, there is some wisdom in this approach and IDCC has always offered to license patents individually, even though they push for convenience licenses. I think actions like these keep them on the right side of the fence regarding Patent Misuse. The following link brought to the board by DataRox in post 127739 asserts that one cannot force a company to license a bundle of patents that are not essential along with essential patents:
http://fedcir.gov/opinions/04-1361.pdf
If the link doesn't work see the original post by DataRox...
Regards
Re: Jimlur
I thought Samsumg's remaining arbitration was them arguing that they are 3G licensee by virtue of MFL clause. Isn't this the issue that is still in dispute?
Tks for your insight!
Re: DogCharlie,
No, I have not spoken with MickeyBritt, and was just reminiscing a little. I enjoyed his personality on the board.
If someone dropped a needle in this chatroom we could hear it.
I wouldn't be surprised if some of the Lard Azz Nokia Attorney's monitoring this board have died of boredom.
Somethings big must be on the horizon. Mickey says "This stock is a screaming buy!!!"
Good post Data Rox! Very intuitive, even good advice - perhaps UB reads this board as well...
MSchere,
I noticed that IDCC used the same verbiage after the Markman hearing w/Tantivity as they did after the Markman Hearing w/ERICY - that the results did not materially affect the amount sought.
However, with ERICY it was disclosed what amount they were seeking, and they received much much less than that upon settlement.
With Tantivity the amount sought is not known (to my knowledge), but I feel now that statement is boilerplate posturing and therefore you should not read too much into the statement.
Nicmar,
Not everyone that hit the sidelines or became quiet is necessarily walking away from their invesment. It's just that well, near term calls do not seem to be a good play and there is no reason not to step back and enjoy the summer while it's still left. Market always seems to heat up as summer vacation ends and higher volume drives the market.
Take a little breather if ya like, but don't get lost too long. Ya better try swimming - it's awful hot these days.
OT: Nicmar
One off topic - I have two apple and two pear trees of which there are many bushy branches really close to the ground - cannot even mow under the apple trees. Should I leave them that way, or trim them up a bit? You can reply to frobinso@mindspring.com if ya don't want to anger the masses.
I've never owned an orchard or fruit trees, but enjoy having them.
Wi-Fi Network Security story
2 hours, 4 minutes ago
http://news.yahoo.com/s/ap/20050707/ap_on_hi_te/techbits_wi_fi_theft
ST. PETERSBURG, Fla. - Police have arrested a man for using someone else's wireless Internet network in one of the first criminal cases involving this fairly common practice.
ADVERTISEMENT
Benjamin Smith III, 41, faces a pretrial hearing this month following his April arrest on charges of unauthorized access to a computer network, a third-degree felony.
Police say Smith admitted using the Wi-Fi signal from the home of Richard Dinon, who had noticed Smith sitting in an SUV outside Dinon's house using a laptop computer.
The practice is so new that the Florida Department of Law Enforcement doesn't even keep statistics, according to the St. Petersburg Times, which reported Smith's arrest this week.
Innocuous use of other people's unsecured Wi-Fi networks is common, though experts say that plenty of illegal use also goes undetected: such as people sneaking on others' networks to traffic in child pornography, steal credit card information and send death threats.
Security experts say people can prevent such access by turning on encryption or requiring passwords, but few bother or are unsure how to do so.
Wi-Fi, short for Wireless Fidelity, has enjoyed prolific growth since 2000. Millions of households have set up wireless home networks that give people like Dinon the ability to use the Web from their backyards but also reach the house next door or down the street.
It's not clear why Smith was using Dinon's network. Prosecutors declined to comment, and a working phone number could not be located for Smith. <-- my comment: without poking around his WI-FI Network to find it...
OT: Hardball,
Thanks for reply - and I agree there would have been more of a roller-coaster ride had they released it earlier, with the inevitable dips probably no worse than our lows of the last two days. Sure miss those steep hills and and the butterflies in my stomach.
What happened to that statement by Janet Point that we would hear news within an hour or two?
Water under the bridge though and I'm sure she was following someone's elses call on the timing. I can imagine how important it truly was to get a very carefully worded message out there.
The pain will pass. Hoping that many are investigating, and realizing the strength of our position, and I feel we have been represented well by F & J in our other legal proceedings too.
Sometimes I think that if we got more actively engaged in the public arena through periodic news releases we would generate more market and investor interest, and would have a receptive audience waiting when big news does come. How much silence, from a news release perspective, did we suffer through awaiting this one event. If we are about "more than Nokia" why don't we put out news release about things "other than Nokia" and litigation?
Isn't that where Public Relations and Investor relations, and Marketing start to come into play. Those are the departments at Nokia that have tried this case publicly and won over the last couple of days - why are we not in that game, especially as a company now offering products and solutions - not just the underlying tech?
wiredwest,
It seems like with Broadcom just yesterday filing and antitrust suit against the Q, alleging it is a monopoly, might make the Q have second thoughts about further consolidation. While I hope this does not happen, I can totally understand at this point being open to anything that will give us a little more due respect.
I think the respect has been fought for and earned, and a lot of little people are still kicking us around that are so spineless that when the tables are soon turned they will be the first to they saw it coming all along.
I'm still thinking that a little more patience will be greatly rewarded, and after briefing.coms negative spin that will include holding steadfast today. Hopefully there will be pleasant surprises as well. Hope the article has been passed along by someone to investor relations a IDCC for consideration of a rebuttal, since the report contains a significant error that is material in nature.
Mschere,
I initially did not put much stock in HG's comment about ERICYs integrity, feeling that it was just part of the dog and pony show associated with selling a result that was much less than expected.
In contrast, this NOKIA arbitration result was a bit more than I expected.
The further comments by Merrit today, on what I believe to be carefully chosen wording, actually did give me something to hang a little hope on regarding a future 3G agreement with E/SNE once the NOKIA arbitration is concluded. Obviously, after today - looking for some new hope to hang my hat on, even though I think the money hitting our account, and reported as earnings per share will not go unrewarded in our shareprice.
Reading the exact wording of HG at settlement of E/SNE reminds me that occasionally lightning strikes twice in the same place. There is much more than an ERICY 3G agreement that could draw electricity to Benjamin Franklin's kite, but quite a long tail of rags and metal objects dangling, such as:
. A win on appeal of Summary Judgement
. Dismissal of the Delaware lawsuit that was a scorched earth play by Nokia from the start.
. Settlements on 2G and/or 3G with any of twenty or so companies IDCC has mentioned they are in discussions with.
. Amiable settlement and resolution with Samsung, prior to going to arbitration over the remaining 3G rate terms.
. Upheld patents from the JPO, and subsequent Panasonic agreement, and other licensees that will be triggered into action by the resolution.
The list goes on, and on
IDCC has taken a high and professional road, following one bold statement made by Howard, that many feel was an arrogant mistake (much like what NOKIA espouses daily toward their demise), but likely exposed NOKIA's underlying colors all along. I would like to think that Samsung, after witnessing it all and upon review of what was gained, would also take a higher road.
Not a single analyst made mention today of the total percentage of the market we now have under license, and their leading position in the market - which speaks loudest to those remaining, or the added position of strength both legally, and financially that we now have to defend our IPR that InterDigital is duly owed royalties on by those remaining.
I think the storm will not last long, and the shareprice will soon have fair and following winds.
And in reflection upon Nokias response to arbitration...an acknowledgement of "unwarranted royalties" does not bag you $252 Million dollars.
The briefing.com spin late today is an obvious composition of someone that was glued to the message board, and hoping to stir replies for a follow-up after lightning strikes twice - leavng himself open for a different outcome with a ?. I would encourage Rmarchma and others to respond with some of the reasons TO OWN IDCC stock, that he is nearly begging for as material for his follow-up column that he's obviously wanting to get started on.
"Mother Nature Bats Last" is a phrase that comes to mind.
Add me to the roster, Jimlur
Corp Buyer,
While I had no time to cover all of your ranting "back in the day" when the opinions that cast our shareholder votes were being formed, I stood up for you on issues that I felt as a shareholder needed to be voice at that crucial time. But that time has come and gone, there is no votes pending - only the Market talking now and this news is bigger than the IHUB could influence.
All I can say now is that I took stock on how those votes were actually voted, and compared them with my own vote, then I moved on. Some went my way - some did not. I can now completely enjoy my favorite folks on the board because their is no longer disagreement in opinion between us - majority spoke and as a long I want the company to be successful and the management deserves my support now that they have all been validated.
You have tried all weekend so far to rain on an upcoming parade, and while you say you are not trying to do that - you appear to be dedicating your entire weekend to placing a cloud of doubt over a fabulous event. You should consider stepping back into lurking for a couple of weeks and join back into the mix when the parade is over. I know, that has been suggested to you already without sinking in.
Truth is, the events that the ERICY settlement were supposed to bring about, but Wall Street simply would not believe until someone showed them the money, have now transpired. The ICC just "showed wall street the money". The 13 year ERICY cloud is long gone, and I believe that Wall Street will believe that sunnier days are yet ahead of us, and there may be, and should be a higher multiple awarded to us, based upon a majority of the big players that are now paying. "Chances are that straggling smaller ducks are gonna fall in line". Maybe even surprises from former foes.
Further, while an average Joe investor like me has no idea, at this point in time, how to trade on the international market while our own markets are closed, I bet a brokerage house like Wells Fargo certainly knows how to cover in Europe, by stocking up on shares when you know for certain that they are going to have to issue a serious revision to their prior Sell recommendation in short order. Brokerage houses that may have been watching on the sidelines, may be stocking up to get off the fencepost.
In the short term, tomorrow is a day where many will have an opportunity to "change their toon" on the European exchanges in order to profit from a positive market reaction and short squeeze that is about to ensue on Tuesday.
Why don't you step back and enjoy the ride, rather than wear yourself out spreading fear, uncertainty, and doubt. It's a very untimely moment for a long to be doing that, which is why just about anyone could come to the conclusion that you have a counterproductive agenda.
Kindly give it a rest for awhile.
Jimlur, Thanks for all you have done for all of us. I have always had a great deal of respect for you, and spoke with you once by phone during our first big runnup. Hope to have a chance to meet you some time in celebration of this investment community.
Regards,
Wayne Robinson
OT easing into a change of subject...When the dust settles upon the scorched earth of the lonesome prairie...it will be said, hopefully over laughs around the campfire, the howling coyotes, the clinking of longnecks hitting together (and w/my luck the sound of broken glass)that the lowest stoop of all in this entire ordeal was that Nokia's legal team had the audacity and poor judgement to pick up some embellished hearsay off an investors message board and make an issue of it before the judge as the gospel truth.
Losers!!! The big L on the forehead
I was hoping that even before the arbitration announcement the judge would independently say, Outta Here!!! to that particular case.
Let's hope there's no corruption or manipulation in this arbitration process as prophecied by Malko14., and let justice rule the day
Justice ruling the day?
(I'll try to keep my mouth in check on our lost property rights on the homefront, but if there's a March on Washington I would join in to add a shout on this ruling that will hopefully be overturned before too much damage is done.)
I hope individual states will speak loudly the other way, and I'm one who misses the days when the States held the federal government to more limited powers, and the jury heard all evidence and ruled on both law and fact (not bound by this judges court). Oops - I guess I slipped a little...seems everything is upside down now...JMHO
We the people
Strong Jury (of peers) to keep judicial arm in check "able to rule on both law and fact", as quoted by MANY Chief Justices througout our history (even recent ones). A missing part of "We the people" now.
State Gov
Federal Gov (limited to about a ten mile square U.S. DC jurisdiction), before the Soc. Security program effectively put us all under that jurisdiction.
Now a tip of the voting scale can simply wipe out individual property rights across this country just before closing up session like it was just shuffling some last minute paperwork.
This dogies going to sleep...sorry for going off-topic
Jimlur - you may delete this post if ya like...but I hope you went nightie night