InterDigital Inc (IDCC)

[JeffreyHF]

As in 3G, the commercial value of a portfolio is generally determined through arms' length bilateral negotiations, between sophisticated corporations, each having access to the advice of engineers, consultants, and lawyers. The stronger the IPR, the easier the licensing, and the greater the rate and revenues. In their long course of litigation and negotiation for 3G and 4G licensing, Nokia argued that "patent counting" should be employed, and that Nokia had more of them than Qualcomm. They had studies that backed them up on a quantitative analysis of IPR. When they did sign a peace treaty and 15 year license a couple years ago, however, Nokia paid Qualcomm an up front $2.5 bil dollars, transferred many patents outright, and agreed to pay ongoing royalties for the duration of the agreement, for all 3G and 4G standards.
Show me the licenses, and the revenues. Until then, the long term effect of building unrealistic expectations is negative, though I appreciate the short term pumping of the stock price.