Wednesday, July 27, 2011 1:14:48 PM
Posted by Tiernan Ray
In case you missed it, Apple (AAPL) last week filed its 10-Q for the fiscal Q3 that ended in June, and that the company reported last Tuesday.
Barclays Capital’s Ben Reitzes the other day weighed in with observation regarding that filing: Apple paid $2.6 billion to Nortel Networks as its share of the $.4.5 billion collective bid for the Nortel telecom patents, which Apple is buying along with EMC (EMC), Microsoft (MSFT), Ericsson (ERIC), Sony (SNE) and Research in Motion (RIMM).
(Reitzes’s note is actually dated Monday, July 25th, so my apologies to getting to this belatedly.)
Following that train of thought, Reitzes remarks, “With the Nortel sale, other companies are also examining wireless IP sales including InterDigital (IDCC) and Eastman Kodak (EK). We expect Apple to be involved in many of these discussions. With a cash balance of over $76B, the company would be a formidable bidder for any IP it covets.”
I would note that InterDigital reports earnings this afternoon. It should be interesting to see if they have anything further to say on the matter of monetizing their patents.
Apple shares today are down $4.71, or 1.2%, at $398.70.
Recent IDCC News
- InterDigital Announces Convertibility of 3.50% Senior Convertible Notes Due 2027 • GlobeNewswire Inc. • 07/03/2024 08:00:00 AM
- InterDigital signs license agreement with Google • GlobeNewswire Inc. • 07/02/2024 08:00:00 AM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/20/2024 12:30:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 08:10:56 PM
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