Replies to post #93873 on InterDigital Inc (IDCC)

[Desert dweller]

Ron, from what you have posted it does seem pretty clear that the revenue would be recorded in the quarter when the agreement is signed.

The other thing that your information does is dispel the myth that IDCC only announces contracts "when the money hits the bank".

From your post:
...We recognize revenues related to Consideration for Prior Sales when we have obtained a signed agreement, identified a fixed and determinable price and determined that collectibility is reasonably assured."

What this means to those who don't understand it is that the money does not have to be received for IDCC to recognize the revenue and announce an agreement. The contract just needs to be signed.

[captainslog]

That is, of course, if NOK signs but then decides to sue itself for signing with IDCC, but then calls the clause at the bottom of the agreement and decides to take itself to arbitration and call everyone on this board as witnesses to it's own absurd stance on limiting IPR so they can then push the hearing out further, but then they decide to appeal their suit and maybe even the arbitration itself in the high court of Turkey because they know the wheels of justice move so swiftly over there.

[lastchoice]

that sure would beat restating every time you settle.

[olddog967]

Ron: In regard to accounting for a possible Nokia arbitration award, in view of the third criteria i.e. "determined that collectibility is reasonably assured." would you still recognize the revenue if Nokia appealed the award? Although the chances of Nokia winning an appeal are small, since accountants are conservative would you wait until the appeal process is finalized before recording the revenue?