InterDigital Inc (IDCC)

[Paullee]

Our crack licensing team did it again ! Really, any reason we have one????

And will we be collecting any money at all for the next 18 months. They can't even write an 8 k that makes sense!


"On January 1, 2023, InterDigital, Inc. (the “Company”) and Samsung Electronics Co. Ltd. (“Samsung”) agreed to have a panel of arbitrators establish the royalties to be paid by Samsung for a worldwide license to certain of the Company’s patents from and after January 1, 2023, as well as any other terms to a patent license agreement on which the parties are unable to agree. The determination by the panel will be in the form of a patent license agreement and will be final, binding and non-appealable, subject to certain limited exceptions. The parties have agreed to conduct the arbitration in a diligent manner. The Company expects the arbitration to conclude within approximately 18 months.

Each of the parties has also agreed not to initiate certain claims against the other party during the arbitration. Any licenses under our joint licensing program with Sony relating to digital televisions and standalone computer display monitors will not be included in the scope of the arbitration."