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.
Dish: yep. I am still out here. Doing well. Have not been in IDCC or stocks for that matter. Been trying to make money the old fashioned way.
Best to all.
Dave
OT - Thought you guys might appreciate this:
http://www.commongroundcommonsense.org/forums/lofiversion/index.php/t71745.html
Final Flight By Stuart Witt
Feb. 17, 2007, 0350 curbside at 24th and M, Washington DC. 16 degrees with a light breeze. Going home after my second week of freezing temps. Fly my aircraft, ride a horse, climb a mountain and get back to living. I'm tired of the cold.
0425 paying the taxi fare at Dulles in front of the United Airlines counter, still cold.
0450 engaging the self-serve ticker machine and it delivers my ticket, baggage tag and boarding pass. Hmmm, that Marine is all dressed up early…? Oh, maybe,,, Hmmm, "Good morning captain, you're looking sharp."
Pass security and to my gate for a quick decaf coffee and five hours sleep. A quick check of the flight status monitor and UA Flight 211 is on time. I'm up front, how bad can it be? Hmmm, that same Marine, he must be heading to Pendleton to see his lady at LAX for the long weekend all dressed up like that….? Or maybe not?
"Attention in the boarding area, we will begin boarding in 10 minutes, we have some additional duties to attend to this morning but we will have you out of here on time."
That captain now has five others with him. BINGO. I get it, he is not visiting his lady, he's an official escort. How I remember doing that once, CACO duty. I still remember the names of the victim and family, The Bruno family in Mojave …, all of them, wow, that was 24 years ago. I wonder if we will ever know who and why?
On board, 0600: "Good morning folks this is the captain. This morning we have been attending to some additional duties and I apologize for being 10 minutes late for pushback but believe me we will be early to LAX. This morning it is my sad pleasure to announce that 1st Lt. Jared Landaker, USMC, will be flying with us to his Big Bear home in Southern California.
''Jared lost his life over the skies of Iraq earlier this month and today we have the honor of returning him home along with his mother, father, brother and uncles.
''Please join me in making the journey comfortable for the Landaker family and their uniformed escort. Now sit back and enjoy our ride, we are not expecting any turbulence until we reach the Rocky Mountains and at that time we will do what we can to ensure a smooth ride. For those interested you can listen in to our progress on button 9."
Up button 9: "Good morning UA 211 you are cleared to taxi, takeoff and cleared to LAX as filed." From the time we started rolling we never stopped. 1st Lt. Landaker began receiving his due.
Four hours and 35 minutes later, over Big Bear Mountain, the AB320 makes a left roll and steep bank and then one to the right, Nice touch captain
"Five minutes out from landing, the captain: "Ladies and gents, after landing I'm leaving the fasten seatbelt sign on and I ask everyone in advance to yield to the Landaker family. Please remain seated until all members have departed the aircraft. Thank you for your patience, we are 20 minutes early."
On roll out, I notice red lights, emergency vehicles everywhere. We are being escorted directly to our gate, no waiting anywhere, not even a pause. Out the left window, a dozen Marines in full dress blues. Highway Patrol, police, fire crews all in full dress with lights on. A true class act by everyone, down to a person, from coast to coast. Way to go United Airlines for doing the little things RIGHT, because they are the big things; Air Traffic Control for getting the message, to all law enforcement for your display of brotherhood.
When the family departed the aircraft everyone sat silent, then I heard a lady say, "God Bless You and your Family, Thank You." Then another, then another, then a somber round of applause. The captain read a prepared note from Mrs. Landaker to the effect, "Thank you all for your patience and heartfelt concern for us and our son. We sincerely appreciate the sentiment. It is nice to have Jared home."
After departing the aircraft, I found myself, along with 30 others from our flight, looking for a window. Not a dry eye in the craft. All of us were bawling like babies. It was one of the most emotional moments of my life. We all stood silent and watched as Jared was taken by his honor guard to an awaiting hearse. Then the motorcade slowly made its way off the ramp.
I have finally seen the silent majority. It is deep within us all. Black, Brown, White, Yellow, Red, Purple, we are all children, parents, brothers, sisters, etc … we are an American family.
What you don't know is that on the flight I was tapped on the shoulder by Mrs. Landaker who introduced herself to me after I awoke. Her words were, "I understand you have sons in the service. Please tell them we appreciate their service. We are so proud of our kids who chose to serve at this time. We were so proud of Jared and today we find ourselves in a fog of disbelief. Jared was three days from returning home."
Early in our taxi out from the gate at Dulles, the gent next to me (a Fairfax City Council Member and acquaintance of the Thuot family) and I were talking to the flight attendant and mentioned that we had sons serving on active duty, "What do you say? How tragic, they must be devastated." He said many of the passengers had told him the same thing so somewhere in the flight he shared his tidbits with Mrs. Landaker. Our flight attendant had been struggling with what to say, to find the right words, so he told the Landaker family of passengers who were parents of service members who connected with their grief as parents. After I gathered myself, I stepped back to their row, two behind me and introduced myself to Mr. Landaker (a Veteran of South East Asia as a Tanker) and Jared's uncle and brother. What a somber moment. Their Marine captain escort was a first rate class act. He had been Jared's tactics instructor and volunteered for this assignment, as he said, "Sir, it is the least I could do, he was my friend and a great stick. He absolutely loved to fly, It's an honor to be here on his last flight."
1115: On my connecting flight, my mind raced. How lucky I was to have had an opportunity to fly my father to Spain and ride the carrier USS John F. Kennedy home in 1981. The same year Jared was born. How lucky I was to have my father on the crows landing when I made my final cat shot in an F-14. Jared's father never had that chance. Jared was at war, 10,000 miles away.
When Mr. Landaker and I were talking he shared with me, "When Jared was born he had no soft spot on his head and doctors feared he would be developmentally challenged. He became a physics major with honors, a high school and college athlete, and graduated with distinction from naval aviation flight school. He was short in stature, but a Marine all the way." Visit his life story on line at www.bigbeargrizzly.net . Bring tissue.
February 7, 2007, Anbar Province, Iraq. 1st Lt Jared Landaker, United States Marine Corps, Hero, from Big Bear Calif., gave his life in service to his country. Fatally wounded when his CH-46 helicopter was shot down by enemy fire, Jared and his crew all perished. His life was the ultimate sacrifice of a grateful military family and nation.
His death occurred at the same time as Anna Nicole Smith, a drug using person with a 7th grade education of no pedigree who dominated our news for two weeks while Jared became a number on CNN. And most unfortunately, Jared's death underscores a fact that we are a military at war, not a nation at war. Until we become a nation committed to winning the fight, and elect leaders with the spine to ask Americans to sacrifice in order to win, we shall remain committed to being a nation with a military at war, and nothing more. (And possibly no funding if congress has their way!)
1st Lt. Landaker, a man I came to know in the skies over America on 17 February 2007, from me to you, aviator to aviator, I am unbelievably humbled. It was my high honor to share your last flight. God bless you.
Semper Fi.
Yes.
Last year, InterDigital filed its award confirmation suit on July 1, and it showed up on PACER on July 5th.
1:05-cv-06180-WHP Interdigital Communications Corporation et al v. Nokia Corporation
William H. Pauley, III, presiding
Date filed: 07/01/2005
Date terminated: 12/28/2005 Date of last filing: 05/10/2006
History
Doc.
No. Dates Description
-- Filed: 07/01/2005
Entered: 07/05/2005
Case Designated ECF.
-- Filed: 07/01/2005
Entered: 07/05/2005
Case Designation
-- Filed: 07/01/2005
Entered: 07/05/2005
Summons Issued
1 Filed: 07/01/2005
Entered: 07/05/2005
Petition to Compel/Confirm/Modify/Stay/Vacate Arbitration
2 Filed: 07/01/2005
Entered: 07/05/2005
Notice (Other)
3 Filed: 07/01/2005
Entered: 07/05/2005
Declaration in Support of I.F.P.
4 Filed: 07/01/2005
Entered: 07/05/2005
Notice (Other)
5 Filed: 07/01/2005
Entered: 07/05/2005
Rule 7.1 Disclosure Statement
6 Filed & Entered: 07/07/2005
Certificate of Service Other
7 Filed & Entered: 07/07/2005
Certificate of Service Other
8 Filed & Entered: 07/07/2005
Terminated: 08/03/2005
Motion to Seal Document
9 Filed & Entered: 07/07/2005
Declaration in Support of Motion
10 Filed & Entered: 07/07/2005
Certificate of Service Other
11 Filed: 07/07/2005
Entered: 07/08/2005
Notice of Case Assignment/Reassignment
12 Filed: 07/13/2005
Entered: 07/14/2005
Order
13 Filed: 07/20/2005
Entered: 07/25/2005
Terminated: 08/19/2005
Motion to Appear Pro Hac Vice
14 Filed & Entered: 08/02/2005
Rule 7.1 Disclosure Statement
15 Filed & Entered: 08/02/2005
Terminated: 12/28/2005
Motion to Vacate Arbitration
16 Filed & Entered: 08/02/2005
Declaration in Support of Motion
17 Filed & Entered: 08/02/2005
Memorandum of Law in Support of Motion
18 Filed & Entered: 08/02/2005
Response to Petition to Compel/Confirm/Modify/Stay/Vacate Arbitration
19 Filed & Entered: 08/02/2005
Notice of Appearance
20 Filed & Entered: 08/03/2005
Notice (Other)
21 Filed: 08/03/2005
Entered: 08/04/2005
Stipulation and Order
22 Filed: 08/03/2005
Entered: 08/04/2005
Order on Motion to Seal Document
24 Filed: 08/05/2005
Entered: 08/08/2005
Scheduling Order
26 Filed: 08/12/2005
Entered: 08/16/2005
Terminated: 08/19/2005
Motion to Appear Pro Hac Vice
27 Filed: 08/12/2005
Entered: 08/16/2005
Terminated: 08/19/2005
Motion to Appear Pro Hac Vice
28 Filed: 08/12/2005
Entered: 08/16/2005
Terminated: 08/19/2005
Motion to Appear Pro Hac Vice
29 Filed: 08/12/2005
Entered: 08/16/2005
Terminated: 08/19/2005
Motion to Appear Pro Hac Vice
30 Filed: 08/12/2005
Entered: 08/16/2005
Terminated: 08/19/2005
Motion to Appear Pro Hac Vice
-- Filed: 08/19/2005
Entered: 08/22/2005
Transmission to Attorney Admissions Clerk
-- Filed: 08/19/2005
Entered: 08/22/2005
Transmission to Attorney Admissions Clerk
-- Filed: 08/19/2005
Entered: 08/22/2005
Transmission to Attorney Admissions Clerk
-- Filed: 08/19/2005
Entered: 08/22/2005
Transmission to Attorney Admissions Clerk
-- Filed: 08/19/2005
Entered: 08/22/2005
Transmission to Attorney Admissions Clerk
-- Filed: 08/19/2005
Entered: 08/22/2005
Transmission to Attorney Admissions Clerk
31 Filed & Entered: 08/19/2005
Notice (Other)
32 Filed: 08/19/2005
Entered: 08/22/2005
Order on Motion to Appear Pro Hac Vice
33 Filed: 08/19/2005
Entered: 08/22/2005
Order on Motion to Appear Pro Hac Vice
34 Filed: 08/19/2005
Entered: 08/22/2005
Order on Motion to Appear Pro Hac Vice
35 Filed: 08/19/2005
Entered: 08/22/2005
Order on Motion to Appear Pro Hac Vice
36 Filed: 08/19/2005
Entered: 08/22/2005
Order on Motion to Appear Pro Hac Vice
37 Filed: 08/19/2005
Entered: 08/22/2005
Order on Motion to Appear Pro Hac Vice
38 Filed & Entered: 08/26/2005
Affidavit of Service Other
39 Filed & Entered: 08/29/2005
Memorandum of Law in Oppisition to Motion
40 Filed & Entered: 08/29/2005
Declaration in Opposition to Motion
41 Filed & Entered: 08/29/2005
Notice (Other)
42 Filed: 09/02/2005
Entered: 09/06/2005
Stipulation and Order
-- Filed & Entered: 09/06/2005
Cashiers Remark
-- Filed & Entered: 09/06/2005
Cashiers Remark
44 Filed & Entered: 09/12/2005
Reply Memorandum of Law in Support of Motion
45 Filed & Entered: 09/12/2005
Notice (Other)
46 Filed & Entered: 09/12/2005
Reply Memorandum of Law in Support of Motion
47 Filed & Entered: 09/16/2005
Notice (Other)
48 Filed: 09/21/2005
Entered: 09/22/2005
Stipulation and Order
49 Filed: 09/22/2005
Entered: 09/23/2005
Order
50 Filed & Entered: 12/14/2005
Terminated: 12/14/2005
Motion to Seal Document
-- Filed & Entered: 12/15/2005
Note to Attorney to Re-File Document - Non-ECF Document Error
-- Filed & Entered: 12/28/2005
Transmission to Judgments and Orders Clerk
51 Filed & Entered: 12/28/2005
Order on Motion to Vacate Arbitration
52 Filed & Entered: 12/28/2005
Clerk's Judgment
-- Filed & Entered: 01/26/2006
Terminated: 05/05/2006
Transmission of Notice of Appeal and Docket Sheet to USCA
-- Filed & Entered: 01/26/2006
Terminated: 05/05/2006
Transmission of Notice of Appeal to District Judge
53 Filed & Entered: 01/26/2006
Terminated: 05/05/2006
Notice of Appeal
54 Filed & Entered: 01/26/2006
Terminated: 05/05/2006
Appeal Record Sent to USCA - Electronic File
55 Filed: 05/05/2006
Entered: 05/10/2006
USCA Mandate Withdrawing Appeal
-- Filed & Entered: 05/10/2006
Transmission of USCA Mandate/Order to District Judge
--------------------------------------------------------------------------------
PACER Service Center
Transaction Receipt
09/07/2006 12:13:54
PACER Login: mc3344 Client Code:
Description: History/Documents Search Criteria: 1:05-cv-06180-WHP
Billable Pages: 2 Cost: 0.16
--------------------------------------------------------------------------------
IDCC downgraded by Hilliard Lyons:
http://finance.yahoo.com/q/ud?s=IDCC
Paul Hastings advises Pixelplus on Nasdaq IPO
Hong Kong, December 28, 2005 -- Paul, Hastings, Janofsky & Walker LLP (Paul Hastings) has advised Pixelplus Co. Ltd., a Korean fabless semiconductor company, in relation to its US$36 million initial public offering of American depository shares on Nasdaq. The offering was completed on December 27, 2005. Pixelplus, a company that was not previously listed on any stock exchange, designs and develops complementary metal oxide semiconductor (CMOS) image sensors for use primarily in mobile camera phones. It is raising capital to, among others things, expand its sales, distribution and technical support network and develop its research and development capabilities. Paul Hastings’ team of US-qualified Korean lawyers led by partner Jong Han Kim, with Daniel Kim, Young Suh and Joseph Suh, advised Pixelplus on the transaction. Jong Han Kim, partner and head of the Paul Hastings’ Korea practice, commented: “We are very pleased to represent a Korean company of Pixelplus’ calibre in one of the rare direct U.S. listings on Nasdaq by a Korean private company. Paul Hastings’ Korean team has represented a number of major Korean companies in their international capital markets activities over the last few years, including a U.S. listing for Webzen and international listings for KCC and INI Steel, as well as cross-border joint ventures for major Korean companies such as SK Telecom and Samsung Life. This latest deal highlights our firm’s growing expertise in handling international capital markets transactions for Korean companies.” Pixelplus’ offering brings the total amount raised in IPO’s completed by Paul Hastings for Asian companies to US$2.3 billion for 2005, in a total of sixteen transactions. Paul, Hastings, Janofsky & Walker LLP, founded in 1951, is a global law firm with nearly 1,000 lawyers located in 17 offices in Asia, Europe and the United States. Paul Hastings has one of Asia’s largest international legal practices, with a team of over 130 lawyers located in Hong Kong, Beijing, Shanghai and Tokyo. The firm has won a number of awards for recent innovative transactions across the region, including Korea. The Webzen IPO won best mid cap IPO for 2004 by Asiamoney magazine.
News Press Releases
Kiwi Law Firm Takes Award For Take-Care Attitude
Legal BlogWatch - A New Zealand law firm that encourages its professionals to take naps if they are sleepy has won the country's top work-life balance award.
Enron TrialWatch
The Electronic Workplace
Privacy Law Blog
Blawg Law Blog
Technolawyer Blog
Blog Catalog Legal Blogs
Legal Match
Is That Legal?
© LawFuel.com | Site by Customers.co.nz | Contact Us
http://www.lawfuel.com/show-release.asp?ID=4967
spree: This is probably a stretch, but one of their attorneys has represtented Samsung, as well as LG and Qualcomm.
http://www.paulhastings.com/professionaldetail.aspx?professionalId=134586
Stockmaster: Welcome. If you have not already come across this, here's a great place to start:
Analyst reports
http://www.investorshub.com/boards/read_msg.asp?message_id=13028915
2006 3G World Congress in Hong Kong in December:
http://www.3gpp2.org/public_html/news/Speaker_Booklet_2006.pdf
If anyone is interested in sending material on InterDigital to telecom analysts, here's a list I compiled last year. This list does not include the analysts that currently cover IDCC. If you would like it in a Mail Merge file in MS Word, send me an e-mail at dld6049@aol.com
Mr. Jonathan Geurkink
Ragen-Mackenzie
999 3rd Avenue
Suite 4000
Seattle, Washington 98104
Ms. Cherrie Prinz
D. A. Davidson
Two Centerpointe Drive
Lake Oswego, Oregon 97035
Mr. Hasan Imam
Thomas Weisel Partners
390 Park Avenue
17th Floor
New York, New York 10022
Mr. Blaine Carroll
Oppenheimer & Company
1 Federal Street
22nd Floor
Boston, Massachuesetts 02110
Mr. Pierre Maccagno
Needham & Company
445 Park Avenue
3rd Floor
New York, New York 10022
Mr. Jeff Kvaal
Lehman Brothers
745 Seventh Avenue
18th Floor
New York, New York 10019
M Sandy Harrison
Pacific Growth Equities
Four Maritime Plaza
San Francisco, California 94111
Mr. Matthew Hoffman
Moors & Cabot Capital Markets
111 Devonshire Street
Boston, Masachuesetts 02109
Mr. Tim Long
Banc of America Securities
9 W. 57th Street
30th Floor
New York, New York 10019
Mr. Cody Acree
Legg Mason
100 Light Street
#B2
Baltimore, Maryland 21202
Mr. Jeffrey Schlesinger
UBS Warburg
1 Finsbury Avenue
London, England EC2M2PP
Mr. Wojtek Uzdelewicz
Bear Stearns & Company
383 Madison Avenue
33rd Floor
New York, New York 10179
Mr. Michael Ounjian
Credit Suisse First Boston
11 Madison Avenue
#28
New York, New York 10010
Mr. Edward Snyder
Charter Equity Research
1433 Jefferson Street
San Francisco, California 94123
Mr. Ehud Gelblum
J. P. Morgan
One Busch Street
17th Floor
San Francisco, California 94104
Mr. Gregory Teets
A. G. Edwards & Sons
One North Jefferson
Attn: Contact Center
St. Louis, MO 63103
Mr. Ittai Kidron
CIBC World Markets
300 Madison Avenue
7th Floor
New York, New York 10017
Mr. Craig Berger
Citigroup Global Markets
One Sansome Street
Suite 3400
San Francisco, California 94104
Mr. Christopher Montano
Wells Fargo Securities
600 California Street
Suite 1600
San Francisco, California 94108
Mr. William Benton
William Blair & Company
343 Sansome Street
12th Floor
San Francisco, California 94104
Mr. Jason Tsai
ThinkEquity Partners
343 Sansome Street
Suite 800
San Francisco, California 94104
Oppenheim Research
Mr.
Nicolas von Stackelberg
Postfach 20 01 29
D-60605 Frankfurt am Main
Germany
Mr. Richard Edwards
Smith Barney Citigroup
33 Canada Square
Canary Wharf
London
E14 5LB
United Kingdom
Mr. Ian McLeod
Jefferies International
8 rue Halevy
7500 9 Paris
France
Mr. Walter Piecyk
Fulcrum Global Partners
535 Madison Avenue
8th Floor
New York, New York 10022
Mr. Alain Argile
Credit Lyonnais
6 rue de Hanovre
1st Floor
F-75002 Paris
France
Mr. Mark Davies-Jones
J. P. Morgan
125 London Wall
5th Floor
London
EC2Y 5AJ
United Kingdom
Mr. Timothy Luke
Lehman Brothers
745 Seventh Avenue
18th Floor
New York, New York 10019
Mr. Karl Motey
Wachovia Securities
555 California Street
Suite 2300
San Francisco, California 94104
M. Inderbir Singh
Prudential Equity Group
One New York Plaza
17th Floor
New York, New York 10292
M. Kulbinder Garcha
Credit Suisse First Boston
One Cabot Square
London E14 4QJ
United Kingom
Mr. Albert Lin
American Technology Research
450 Sansome Street
Suite 1500
San Francisco, California 94111
Mr. James Lindsay
Morgan Stanley
25 Cabot Square
Canary Wharf
London
E144QA
United Kingdom
Mr. Timothy Boddy
Goldman Sachs
133 Fleet Street
Peterborough Court
London
EC4A2BB
United Kingdom
Mr. T. J. Schafer
Edward Jones
12555 Manchester Road
St. Louis, MO 63131
Mr. James Kelleher
Argus Research
61 Broadway
Suite 1700
New York, New York 10006
Mr. Richard Windsor
Nomura Securities
1st Martin's-le-Grand
London
EC1A4NP
United Kingdom
Arete report on 3G from January 2005. InterDigital mentioned:
Go to the bottom of the page to Example works. Telecom Equipment.
www.arete.net
Dang, Paul. You get the prize for least frequent poster:
Alias Born On: Thursday, January 02, 2003
Boards Moderated: 0
Total Posts: 2
Next 50 | Previous 50 Search this Member's Posts:
Posts by Paul_UofM69 Board
Date/Time
DNDODD... you DO speak for the silent majority InterDigital Communications (IDCC)
8/21/2006 3:24:09 PM
I have been lurking on the RB board InterDigital Communications (IDCC)
1/2/2003 4:20:15 PM
Next 50 | Previous 50
Search: Subjects Members Public Msgs My Private Msgs Quote/Chart/Ticker
© 2006 Investors Hub, Inc.
About Us User Agreement Contact Us iHub FAQ Advertising You are logged in as Dave Davis
Among the all the seated audience members, one man stands:
'Hi. My name is Dave. This November I will have been an IDCC-aholic for 7 years.'
Audience replies in unison:
'Hi, Dave.'
Ron or anyone: A couple questions re: Marsala's 3rd quarter earnings.
1) Is Marsala including the $12 million from the NOKIA settlement? and,
2) Is he factoring out the revenue that is going to begin falling off in the 3rd quarter?
Apologies in advance if this has already been discussed.
Dave
Talked to Janet about the number of outstanding shares. She started to explain all the calculations, but my eyes started to glaze over.
It's not simple, but the jist of it is that the buyback is essentially offset by the number of options exercised by both officers, which are public, and by employees, which are not public.
As the price of the stock goes up, the more options held by officers and employees become 'in the money,' the more dilutive those option become.
Bottom line: Don't expect the number of outstanding shares (basic or diluted) to go down anytime soon.
Sorry I cannot be more helpful, but I am just not as inclined as I once was to invest the brain cells needed to understand this stock.
Dave
We need some interim revenue guidance for the 2nd quarter.
If anyone talks to the company, please make this suggestion.
InterDigital's 2nd quarter recurring royalty revenue is based on its licensee's 1st quarter sales revenues. Rich Fagan should have all the reports in by now, and should be able to provide some top-line revenue guidance (and, perhaps bottom line guidance).
And while he's at it, I think an update on the buyback would also be in order.
There's nothing new on PACER.
Thanks. Helpful post.
To: Janet Point
From: Dave Davis
Date: July 3, 2006
Subject: Investors Packet
Hi Janet. Would you please forward an investors packet to Mr. David Kretzman.
Thanks.
http://money.aol.com/fool/investing/canvas3/_a/picking-stocks-before-home-room/20060627161109990001
By Roger Friedman
Leslie recently read a Motley Fool discussion board post and was thoroughly impressed. "Once again, thank you for your wonderful input," she wrote. "You have taught me more [about investing] in two weeks than I have learned in the past two years."
Like most people who have online encounters with the investor who goes by the name Pencils2, Leslie didn't know she was thanking a middle-schooler.
On the surface, 13-year-old David Kretzmann is a normal teen: He lives in his tennis shoes, hates his household chores (especially if they involve the dishwasher), hopes to someday play in the NBA, and keeps a messy room. But it's not your typical teenager's clutter.
Financial foraging
"Oh, gosh, it is a mess," said the Boy Buffett about his bedroom in his parents' California home. "You open the door, look to the right, and find a big pile of unfolded clothes. You'll see a pile of 40 annual reports, prospectuses, and SEC filings that I flip through in my spare time. You'll see a lot of savings account statements, as well as an unmade bed. It's a mess, but it's fun to forage through every morning."
He's put that bedside research to good use, investing his dollars-a-week allowance wisely and enlightening community members day in and day out -- at least until bedtime. Is he wise beyond his years? You bet. Case in point: A Motley Fool representative actually began discussions with David about a job ... before he realized that child-labor laws would get in the way.
"I'm not surprised by how he's jumped into the investing world," said David's dad, Tim, explaining that his son's never been one to do something only halfway -- household chores aside. "When he was 2 or 3 years old, for example, he got into Tigger from Winnie-the-Pooh. First, he watched Tigger, then he started talking like him, then he learned his moves, and then he actually got to be Tigger for Halloween. He couldn't possibly take the Tigger suit off, so we had to get another one so we could wash [the original] once in a while. And we'd show up at all sorts of events with this little guy bouncing around like Tigger. 'Yeah, that's my youngest,' I'd say. 'He's kind of into Tigger, heh-heh.'"
But from Tigger to stock tickers, David's diligence never faded. He has his dad to thank for the latter: "A couple of years ago, I wanted desperately to dive in and learn as much as I could about the investing world, but I was continually frustrated by my lack of hours in the day to give to it. I spent some time on the computer, invested in some stocks, and gave it the energy I could. It didn't take long before David was looking over my shoulder, asking questions, and wanting to open his own account. Then, he did what he's always done ... he jumped right in."
Chatting with the Boy Buffett Despite his relative inexperience in the market (and in life, for that matter), the disciple of Buffett and Lynch has a grasp of stocks that would be the envy of investors much David's senior. The Motley Fool recently sat down with him for an interview.
TMF: What kind of investor would you say you are? Growth? Value? Dividend? Other?
David: I'm a little bit of everything. I am a long-term, buy-and-hold investor for sure. I own a turnaround (Denny's (DENN), growth (Hansen (HANS), dividend (India Fund (IFN), and value (Cendant (CD). Other than that, I make sure I have a diversified portfolio with companies that fit into different strategies.
TMF: What stocks have been your favorites -- and your biggest disappointments?
David: I own 19 companies in all. My best-performing stock is NVIDIA (NVDA), a Stock Advisor recommendation that has more than doubled for me.
Since I am investing for the long term, I don't have any disappointments yet. If I have a stock five years from now that hasn't done well, I will be disappointed, but not right now.
TMF: How do you decide what would make a good investment?
David: I look at the company and ask myself, "Will people still want this product in five to 20 years?" I love old, experienced businesses as well. For instance, one of my holdings, Makita (MKTAY), was founded in Japan in 1915. Makita makes small tools (such as saws, sanders, drills) that are high quality and people have wanted for 90 years. Makita has $730 million in cash and only $30 million in debt. I like for a company to have at least 10 times more cash than debt. This provides a margin of safety.
Then I look at management. Another one of my holdings, Hansen, has a CEO who has been in that position since 1990. He has done a terrific job. (Hansen has gone up more than 6,000% during the past six years, making it the top-performing stock in that time frame.) I like a company if its management has been on board for at least three to five years. I check to see the competitive field. If a company has some competition, I look to see if its product is unique enough to help it improve income and earnings.
TMF: What do you hope to do with all of your investing gains? Do you want to retire when you're 22 or pay for your own college tuition or buy a giant house for your family?
David: You know, I haven't really thought about that. Right now, I'm hoping to hold all of my stocks for at least 20 years. I agree with the great investors that buying a share of a stock is not buying a lottery ticket; you are becoming an owner of that company. I want to stay an owner of my companies until I die, if possible. That is what investing is all about, and why I believe in buying what you know. You want to feel very comfortable with your stock holdings. That is absolutely my top priority.
In 20 years, he'll only be 33. And while no one can say whether his room will be clean and his dishwasher loaded, there's a strong chance that people will still be thanking him for his investing advice.
David Kretzmann has his own TMF discussion board, Pencils Palace, and is using the Stock Advisor methodology of buying whatever stocks give him the best chance of beating the market, regardless of investing strategy. For a 30-day guest pass to Stock Advisor, including access to all of David and Tom Gardner's recommendations and a chance to chat with David Kretzmann in the Stock Advisor online community, click here.
Roger Friedman does not own shares of any company mentioned in this article. Cendant is an Inside Value recommendation. The Fool has a strict disclosure policy.
Mschere: IMO, Bill Merritt's joining the BOD of Amberwave is the beginning of a courtship between the two companies.
If Amberwave wins its lawsuit against Intel, and if InterDigital were to acquire Amberwave (or acquire the right to bundle and re-sell Amberwave's IPR for strained silicon), I think it might be a way for InterDigital to add value to its relationship with chip fabricators like Philips, Infineon, and others (TSMC, etc.).
BTW, wasn't there something in the news in last year or so about strained silicon?
I think it had something to do with Pamela Anderson...
To All:
Please file this under: "For What it's Worth."
Bill Merritt has been appointed to the Board of Directors of a privately held company called Amberwave:
http://www.investorshub.com/boards/read_msg.asp?message_id=11769944
Amberwave has IPR in "strained silicon," which increases the mobility of charge carriers in semiconductor devices by "stretching" or "straining" the atomic structure of silicon. The technology can increase the operating speed and/or reduce the power consumption of a vast array of semiconductor-based products.
http://www.investorshub.com/boards/read_msg.asp?message_id=11769944
Amberwave has sued chip maker Intel Corp. for allegedly infringing a patent for enhancing the performance of semiconductor devices. The case is being tried in Delaware federal court.
http://www.amberwave.com/newsevents/ipLawBulletin.html
According to the attached PACER file document #119, the attorney representing Amberwave against Intel is Jack Blumenfeld of Morris Nichols Arsht & Tunnell. This, is the same attorney representing Nokia against InterDigital in Delaware (See attached file titled 'Nokia Complaint.'
Also, the Amberwave v. Intel case has been referred to mediation (See attached document #123). It appears that the mediator to which the Amberwave v. Intel case has been referred to the same mediator, Pat Thynge, is the same mediator to which the Nokia v. InterDigital case has been referred. See document #53.
Lastly, I spoke with Janet about this, and about the rules about officers of IDCC taking equity positions in other firms. She said that there is a Code of Conduct at IDCC, and there are also some employment agreements, that prevent officers from owning large equity positions of competing firms. But she said Amberwave does not fit into that category. So there is nothing to prevent IDCC officers from having equity positions in Amberwave.
As to the Jack Blumenfeld and Pat Thynge angles, she basically said the field of intellectual property litigation is a small world after all.
FWIW
Dave
P. S. Jim, could you post the documents to which I refer in this post. Thanks.
InterDigital Officers: Possible things to do with the proceeds of your most recent stock sales:
1. Buy a new car (a really nice one).
2. Pay your kids tuition.
3. Buy a new vacation home.
4. Take an equity position in a privately-held high-tech company with exclusive IPR in cutting-edge semiconductor technology.
Hmmmm.....
Somebody just bought my 100 June 35s for .05 per share.
I wonder if they know something I don't know.
FWIW, this is my view as well. Nokia knows that there are some essential patents in InterDigital's portfolio. To Nokia, it's not about winning in Delaware, it's about grinding InterDigital down on the 3G rate.
There will not be a 3G settlement with Nokia anytime soon.
revlis: You think that the two days that the judge has set aside for deposition is enough time to cover all this?
Talked to Janet.
She said that the company has an internal policy that allowed insiders to trade only in very limited windows of time. The windows can typically be 2 -3 days. As an example, the last window prior to this most recent one was for 1/2 a day. So, that is why all these sales are clustered so close together.
Although she could not say specifically why each person sold, she did say that it probably had more to do with the combination of the recent runup in the share price, and negative market conditions.
It's like they said to themselves: "Hey, IDCC has had a nice run and my shares are up about 100% or more, the market is ugly, maybe I should take 10 - 15% of my shares off the table." (These are my words and based on Janet's comments.)
She also referred to the table in the proxy that showed the number of options that each insider owned in addition to the number of shares owned.
This makes the amount of shares sold last Friday even less of a portion of the total amount of wealth that may be created someday for these people when IDCC reaches its full potential.
She also said everyone is grumpy today at a price level for which we were ecstatic only a week or so ago.
I found her comments to be re-assuring. Hope this is helpful.
Dave Davis
Thanks, olddog.
Greed: When Howard and Rip sold, it was a fiasco. I find it hard to believe that the company did not learn from that event.
The Form 4s tell us how may shares each insider owns. Does anybody have the amount of options they each own?
My guess is that the number of options probably is of the same order of magnitude or greater than the number of shares.
vg: My thoughts.
1. The lack of action in After Hours seems to indicate that the sky is not falling.
2. I know just enough about taxes to be dangerous, but there may be a tax advantage to these insiders if they sell shares now, and take the proceeds and buy more shares/options for the future. It would be great to see some more insider buying in the near term.
3. We may gap down a little bit in the morning, but the fundamentals are the same. My guess is that we will have a big volume day tomorrow.
4. Janet was out of the office today. I have no idea what this means, but I thought some might be interested.
Here's an explanation of the transaction codes:
http://www.sec.gov/about/forms/form4data.pdf
L2V: Good post.
InterDigital does not have to prove they have the goods, Nokia has to prove they do not have the goods.
vg: Great minds think alike.
I wonder if there will be more of these pre-planned sales. Is there a separate schedule of pre-planned sales for each individual, or is there some kind of master schedule to which all the insiders subscribe.
Been checking PACER every day. Nothing new in Delaware since 5/30/06.
Have a great weekend all.
Dave
It's a planned sale. NBD
1. The sale of Common Stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 7, 2004, as amended.
"I think I can, I think I can, I think I can..."
C'mon IDCC. Let's be like the Little Train That Could
and get back to green by the close.
Yawwwwnn ....
*DJ Hilliard Lyons Cuts InterDigital Commun To Long-term Buy
05/31/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
(MORE TO FOLLOW) Dow Jones Newswires
05-31-06 1537ET
Copyright (c) 2006 Dow Jones & Company, Inc.
3:30 pm : Market spikes lower going into the close after CNBC reports that Fed Chairman Bernanke said the media misunderstood his remarks last week. The news, accompanying an interview with Chicago Fed President Moskow, has weighed heavily on bonds, lifting the yield on the 10-yr note as high as 5.145%. Further deterioration in bonds has prompted even more aggressive consolidation in the influential Financial sector while CNBC also reporting that Bernanke said it is worrisome that anyone would think of him as dovish has been a catalyst behind the Technology and Consumer Discretionary sectors turning negative. DJ30 -2.97 NASDAQ -11.24 SP500 -3.09 NASDAQ Dec/Adv/Vol 1606/1416/1.69 bln NYSE Dec/Adv/Vol 1432/1793/1.41 bln
New PACER entry in Delaware case. No document, it just says 'Case Referred to Mediation.'
Works for me.
1:05-cv-00016-JJF Nokia Corporation, et al v. Interdigital Comm., et al
Joseph J. Farnan, Jr., presiding
Date filed: 01/12/2005 Date of last filing: 04/28/2006
History
Doc.
No. Dates Description
-- Filed & Entered: 04/28/2006
Case Referred to Mediation
51 Filed: 04/26/2006
Entered: 04/27/2006
Scheduling Order
50 Filed & Entered: 04/24/2006
Letter
49 Filed & Entered: 04/21/2006
Notice of Service
48 Filed & Entered: 04/13/2006
Notice of Service
47 Filed & Entered: 04/10/2006
Letter
46 Filed & Entered: 04/06/2006
Letter
45 Filed & Entered: 03/31/2006
Notice of Service
-- Filed & Entered: 03/30/2006
Case Referred to Mediation
-- Filed: 03/30/2006
Entered: 03/31/2006
Set Deadlines/Hearings
43 Filed & Entered: 03/30/2006
Order Setting Teleconference
44 Filed & Entered: 03/30/2006
Notice of Service
42 Filed: 03/29/2006
Entered: 03/30/2006
Scheduling Order
41 Filed & Entered: 03/27/2006
Letter
40 Filed & Entered: 03/22/2006
Order Referring Case to Special Master
39 Filed & Entered: 03/03/2006
Transcript
-- Filed: 03/01/2006
Entered: 03/02/2006
Scheduling Conference
38 Filed & Entered: 02/23/2006
Order
37 Filed & Entered: 02/17/2006
Letter
36 Filed & Entered: 02/15/2006
Letter
-- Filed & Entered: 02/14/2006
SO ORDERED
-- Filed: 02/13/2006
Entered: 02/14/2006
CORRECTING ENTRY:
35 Filed & Entered: 02/13/2006
Statement
-- Filed & Entered: 02/10/2006
CORRECTING ENTRY:
34 Filed & Entered: 02/10/2006
Terminated: 02/14/2006
Stipulation to Extend Time
-- Filed & Entered: 02/06/2006
SO ORDERED
-- Filed & Entered: 02/06/2006
SO ORDERED
-- Filed & Entered: 02/06/2006
Set/Reset Deadlines
33 Filed & Entered: 02/03/2006
Terminated: 02/06/2006
Stipulation to Extend Time
32 Filed & Entered: 02/01/2006
Terminated: 02/06/2006
Motion for Leave to Appear Pro Hac Vice
31 Filed & Entered: 01/26/2006
Answer to Complaint
-- Filed: 01/23/2006
Entered: 01/24/2006
SO ORDERED
-- Filed: 01/23/2006
Entered: 01/25/2006
Set/Reset Answer Deadline(s)
30 Filed & Entered: 01/20/2006
Terminated: 01/23/2006
Stipulation to Extend Time
-- Filed & Entered: 01/10/2006
SO ORDERED
-- Filed: 01/09/2006
Entered: 01/10/2006
SO ORDERED
-- Filed: 01/09/2006
Entered: 01/10/2006
Set/Reset Answer Deadline(s)
29 Filed & Entered: 01/09/2006
Terminated: 01/10/2006
Motion for Leave to Appear Pro Hac Vice
27 Filed & Entered: 01/06/2006
Order
28 Filed & Entered: 01/06/2006
Terminated: 01/09/2006
Stipulation to Extend Time
25 Filed: 12/21/2005
Entered: 12/22/2005
Memorandum Opinion
26 Filed: 12/21/2005
Entered: 12/22/2005
Order on Motion to Dismiss/Lack of Subject Jurisdiction
24 Filed & Entered: 06/13/2005
Letter
23 Filed & Entered: 06/08/2005
Letter
22 Filed & Entered: 06/03/2005
Letter
21 Filed & Entered: 05/16/2005
Letter
20 Filed & Entered: 05/12/2005
Reply Brief
14 Filed & Entered: 04/28/2005
Answering Brief in Opposition
15 Filed & Entered: 04/28/2005
Appendix
16 Filed & Entered: 04/28/2005
Declaration
17 Filed & Entered: 04/28/2005
Declaration
18 Filed & Entered: 04/28/2005
Declaration
19 Filed & Entered: 04/28/2005
Declaration
13 Filed & Entered: 04/15/2005
Letter
-- Filed: 03/23/2005
Entered: 03/24/2005
SO ORDERED
12 Filed & Entered: 03/23/2005
Stipulation
10 Filed & Entered: 03/15/2005
Terminated: 12/21/2005
Motion to Dismiss/Lack of Subject Jurisdiction
11 Filed & Entered: 03/15/2005
Opening Brief in Support
9 Filed & Entered: 03/02/2005
SO ORDERED
8 Filed: 02/25/2005
Entered: 02/28/2005
Terminated: 03/02/2005
Motion for Leave to Appear Pro Hac Vice
-- Filed: 02/10/2005
Entered: 02/11/2005
Set Deadlines
7 Filed: 02/04/2005
Entered: 02/07/2005
Terminated: 02/10/2005
Stipulation
6 Filed: 01/28/2005
Entered: 01/31/2005
Declaration
4 Filed & Entered: 01/19/2005
Case Assigned/Reassigned
5 Filed: 01/19/2005
Entered: 01/20/2005
Summons Returned Executed
3 Filed: 01/18/2005
Entered: 01/19/2005
Summons Returned Executed
-- Filed: 01/12/2005
Entered: 01/13/2005
Jury Demand
-- Filed: 01/12/2005
Entered: 01/13/2005
Summons Issued
1 Filed: 01/12/2005
Entered: 01/13/2005
Complaint
2 Filed: 01/12/2005
Entered: 01/13/2005
Disclosure Statement
--------------------------------------------------------------------------------
PACER Service Center
Transaction Receipt
05/01/2006 09:49:10
PACER Login: mc3344 Client Code:
Description: History/Documents Search Criteria: 1:05-cv-00016-JJF
Billable Pages: 2 Cost: 0.16
--------------------------------------------------------------------------------
Yeah. His target was $10 about 12 months ago.
Just received a call from Jim Lurgio. He said someone called him to tell him that there is an IDCC investor on hold getting ready to be on Cramer's show.
Anyone near a TV, please listen in and post.
Are we on yet. I am still hearing music.