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Thu, Aug. 21, 9:37 AM
- InterDigital (IDCC +0.5%) expects Q3 revenue of $74M-$76M, above a sole analyst estimate of $70.9M. Recurring revenue is expected to total $70M-$72M, down slightly from Q2's $74.3M.
- The 3G/4G IP owner says the guidance doesn't include any contribution from an arbitration award related to its licensing deal with Taiwanese manufacturer Arima.
Thu, Aug. 14, 5:41 PM
- The ITC has decided not to place import bans on Nokia and ZTE phones alleged by InterDigital (NASDAQ:IDCC) to be infringing its IP. (official ruling)
- The decision comes after an ITC administrative law judge ruled against InterDigital in June. Shares plunged in response. Discussing the judge's ruling, the ITC says it has decided "reverse certain findings, to take no position on others, and to terminate the investigation with a finding of no violation."
Thu, Aug. 7, 8:06 AM
Wed, Aug. 6, 5:30 PM
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Fri, Jun. 13, 1:51 PM
- An ITC administrative law judge has ruled against InterDigital (IDCC -10.8%) in an infringement case against Nokia. The commission still has to make a final ruling.
- Shares dove last December after the commission ruled against InterDigital in a suit against Nokia, Huawei, and ZTE. Before today's move, they were up sharply in June thanks to InterDigital's Samsung deal.
- Yesterday: InterDigital doubles dividend, announces $300M buyback
Thu, Jun. 12, 10:37 AM
Thu, Jun. 12, 10:22 AM
- 9 days after announcing its big Samsung licensing deal, InterDigital (IDCC +1%) announces it's doubling its quarterly dividend to $0.20/share, and launching a new $300M buyback to replace an existing $200M authorization.
- The new dividend implies a forward yield of 1.65%. The first payment is due on July 23 to shareholders on record as of July 9.
- The new buyback is good for repurchasing 15% of shares at current levels. InterDigital had $107M remaining under its old buyback.
- CEO Bill Merritt has said InterDigital is now set to receive $300M/year in revenue from the 50% of the phone market covered by its licensing deals, and hopes to come to terms with still-unsigned Apple.
Tue, Jun. 3, 6:45 PM
- After rising 20.7% in regular trading on news of its Samsung deal, InterDigital (IDCC) is up another 3.4% AH after CEO Bill Merritt provided upbeat comments (video) on CNBC.
- Merritt states the Samsung pact is "potentially a 10-year deal." He adds the licensing terms mesh with InterDigital's traditional rate structure, and suggests the company is now set to get ~$300M/year in revenue from the 50% of the mobile phone market covered by licensing deals.
- The deal covers "future generation devices" (e.g. 5G) through 2017. InterDigital is now hoping to reach "a comprehensive agreement" with Apple.
Tue, Jun. 3, 12:46 PM
Tue, Jun. 3, 9:25 AM
Tue, Jun. 3, 9:23 AM
- InterDigital (IDCC) has struck a multi-year, royalty-bearing licensing deal with Samsung related to the use smartphone giant's sale of 3G, 4G, and "certain future generation" devices.
- The deal ends a long-running dispute with a company estimated by IDC to have 24.5% of the 2013 mobile phone market (in terms of units), and 31.3% of the smartphone market.
- With the Samsung deal in tow, InterDigital now expects Q2 revenue of $172M-$210M, far above prior guidance of $65M-$72M. Recurring revenue is now expected to be in a range of $72M-$80M (up from $55M-$57M), and revenue from past sales $100M-$130M (up from just $10M-$15M).
- The company adds that it still only has "roughly have of the market under license," leaving plenty of room for additional recurring revenue growth.
- 12.3% of the float was shorted as of May 15.
Mon, May. 19, 6:59 PM
- The American Arbitration Association has granted InterDigital (IDCC) a "partial final award" of $14.5M plus interest and related fees/costs in a patent dispute with Taiwanese phone vendor Arima Communications related to Arima's license with InterDigital. (8-K)
- A final award will be issued "once the remaining amounts have been determined."
Thu, May. 1, 8:38 AM
Wed, Apr. 30, 5:30 PM
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Tue, Apr. 8, 5:38 PM
Thu, Mar. 6, 4:10 PM
IDCC vs. ETF Alternatives
InterDigital Inc designs and develops technologies that enable wireless communications and monetizes such technologies used in digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and network.
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