Mon, Nov. 9, 9:13 AM
- InterDigital (NASDAQ:IDCC) expects Q4 revenue of $89M-$91M, above a 3-analyst $84.8M consensus. The expected revenue is almost entirely recurring, and doesn't account for any potential new licensing deals or arbitration awards.
- The 3G/4G patent owner has soundly beat its revenue guidance the last two quarters. Q3 revenue of $100.4M compared with guidance (provided in August) of $77M-$80M.
- Shares haven't yet moved premarket.
Fri, Oct. 30, 8:47 AM
Thu, Oct. 29, 5:30 PM| Thu, Oct. 29, 5:30 PM | 19 Comments
Wed, Sep. 30, 6:57 PM
- InterDigital's (NASDAQ:IDCC) Covinda Wireless JV with Sony, formed in 2013 and initially focused on machine-to-machine (M2M) connectivity, will now also research 5G technologies (expected to see major deployments towards decade's end).
- The revised deal also features a patent license from InterDigital, The company has already been investing in 5G R&D, as it tries to strengthen its patent portfolio for the air interface and offset the expiration of older patents.
Wed, Sep. 23, 4:32 PM
Fri, Aug. 28, 6:15 PM
- InterDigital (NASDAQ:IDCC) -2.9% AH after the U.S. International Trade Commission rejects the company’s request to block U.S. imports of Nokia-branded phones, lost an eight-year battle to claim patent royalties.
- IDCC, which gets nearly all of its revenue from patent licensing, has sued companies that refused to pay royalties, contending that its inventions are an essential component of standardized 3G and 4G wireless technologies.
- "Today’s decision is disappointing but is expected to have a limited impact on our going-forward business, given the decline of the Nokia mobile device business under Microsoft’s control and its limited market position,” CEO William Merritt says.
- The case was filed in 2007 before Nokia sold its handset business to Microsoft.
Fri, Aug. 28, 5:40 PM
Tue, Aug. 25, 5:44 PM
- InterDigital's (NASDAQ:IDCC) revenue guidance is below a 2-analyst $83.8M consensus. The company notes the forecast is based primarily on royalty reports received to date, and doesn't account for new license deals, patent sales, arbitration rulings, etc.
- Worth noting: In May, InterDigital guided for Q2 revenue of $89M-$91M, while providing a similar caveat. The company wound up reporting Q2 revenue of $118.6M.
- Shares haven't yet moved after hours. They rose 3.3% in regular trading ahead of the announcement.
Thu, Aug. 20, 7:08 PM
- Microsoft (NASDAQ:MSFT) accuses InterDigital (NASDAQ:IDCC) of violating a pledge to license its 3G/4G patents on FRAND terms, and claims the company has "engaged in an unlawful scheme to acquire and exploit monopoly power over technology necessary for companies to make 3G and 4G cellular devices."
- Microsoft has frequently sparred in court with InterDigital, as did Nokia before Microsoft bought the company's phone unit.
- In April, an ITC administrative law judge Microsoft phones infringe two InterDigital patents, and that InterDigital had fulfilled its obligation to offer to license the patents under reasonable terms. A commission ruling is expected on Aug. 28.
- IDCC -1.1% after hours to $47.85.
Thu, Jul. 30, 8:32 AM
Fri, Jun. 12, 12:23 PM
- InterDigital (NASDAQ:IDCC) has rallied towards $59 after announcing (along with its quarterly dividend) it's adding $100M to its buyback authorization, raising its available funds to $179.8M.
- InterDigital's buyback authorization is good for repurchasing over 8% of shares at current levels. The 3G/4G patent owner had $911M in cash at the end of Q1, and $473M in long-term debt.
Thu, Jun. 11, 4:35 PM| Thu, Jun. 11, 4:35 PM | Comment!
Mon, May 11, 5:14 PM
- Two weeks after posting its Q1 results, InterDigital (NASDAQ:IDCC) says it expects Q2 revenue of $89M-$91M, below a 2-analyst $93M consensus.
- Nearly all of the revenue is expected to come from recurring sources. The guidance is only based on royalty reports received to date, and doesn't assume any new deals, arbitration rulings, or settlements.
- InterDigital is down fractionally AH. Shares closed today $1.50 below a 52-week high of $57.62.
Wed, Apr. 29, 8:33 AM
Tue, Apr. 28, 5:30 PM
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Mon, Apr. 27, 4:00 PM
- An ITC administrative law judge has ruled Microsoft phones (offered via Nokia's former phone unit) infringe two InterDigital (IDCC +0.2%) patents, and that it wouldn't be against the public interest to place import bans on the phones. The full commission will rule on the matter later.
- In February, InterDigital lost an appeal of an adverse ITC ruling on a separate infringement suit against Microsoft and ZTE. Last week, a jury ruled ZTE didn't infringe a patent for which a mistrial was declared last October (infringement verdicts had been given for 3 other patents).
- After initially selling off today, InterDigital has turned positive in response to the ITC news. Q1 results arrive on Wednesday.
InterDigital Inc designs and develops technologies that enable and enhance wireless communications and capabilities. The Company is a contributor of intellectual property to the wireless communications industry.
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