Replies to post #379832 on InterDigital Inc (IDCC)

[LTE]

olddog967:

The Pegatron confirmation was very quick as far as
federal courts go:

<<Pegatron Arbitration Award

On April 18, 2013, our wholly owned subsidiaries InterDigital Technology Corporation and IPR Licensing, Inc. filed an action in the U.S. District Court for the Northern District of California to confirm an arbitration award against Pegatron Corporation (“Pegatron”). The arbitration award issued on April 17, 2013 from a three-member panel constituted by the American Arbitration Association's International Centre for Dispute Resolution in a proceeding we initiated to resolve a dispute surrounding our 2008 patent license agreement with Pegatron.

Under the award, Pegatron was required to pay us approximately $29.9 million , including $23.5 million for past royalties through June 30, 2012, $6.2 million of interest, and additional amounts for certain arbitration costs and expenses. On May 15, 2013, InterDigital received $29.9 million.

On May 24, 2013, Pegatron responded to InterDigital's petition to confirm the award, and, on June 24, 2013, the U.S. District Court
for the Northern District of California entered an Order confirming the award and entered judgment in the matter.>>

[la-tsla-fan]

Thanks, olddog, that makes me feel a lot better.

Now the remaining concerns are :

1. The low offer is below what established licensees have been paying
2. Arbitrators pick the low offer

However, I would be very surprised if management committed to a low-ball offer after getting burnt badly by the Apple agreement.

So here we go again. The IDCC roller-coaster ride continues! What would I do without it?

MO

[IDoCare]

Do you know reason(s) why the original IDCC/NOK 2G arbitration, many years ago, was appealed by NOK (more than once I think)?