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Tue, Dec. 16, 5:36 PM
- Pres. Obama recently pressed Chinese president Xi Jinping about attempts by Chinese regulators to limit the royalties collected by foreign companies for the use of their IP.
- National Security Council spokesman Patrick Ventrell: "The United States government is concerned that China is using numerous mechanisms, including anti-monopoly law, to lower the value of foreign-owned patents and benefit Chinese firms employing foreign technology ... President Obama raised these concerns."
- Though Obama reportedly didn't mention Qualcomm (NASDAQ:QCOM) by name, it's the only major U.S. company currently subject to a Chinese antitrust probe related to royalty rates.
- While the probe continues, Qualcomm has stated it thinks Chinese licensees are under-reporting sales of royalty-bearing devices, and that some might be holding off on getting licenses. The company's light FY15 guidance had much to do with its Chinese licensing issues.
- The White House's efforts could also have implications for InterDigital (NASDAQ:IDCC), which has seen its own Chinese royalty-collection issues. China's antitrust regulator suspended a probe of InterDigital in May after the company made a series of licensing commitments.
- Prior Qualcomm/China commentary
Tue, Dec. 9, 2:36 PM
- 3G/4G IP licensing firm InterDigital (IDCC +3.6%) and storage adapter card/switch vendor Emulex (ELX +3.6%) have both rallied after presenting at Barclays' Global Technology Conference (webcast).
- InterDigital CEO Bill Merritt and Emulex CEO Jeff Benck each presented at 1:30PM ET. InterDigital is near its 52-week high of $53.50, and up 80% YTD.
Fri, Dec. 5, 4:21 PM
Thu, Nov. 13, 4:58 PM
- InterDigital's (NASDAQ:IDCC) Q4 guidance is above a sole analyst estimate of $73M, and implies a 16% Y/Y revenue drop at its midpoint.
- The guidance assumes $81M-$84M in recurring revenue (up from Q3's $73.2M), and no contribution from InterDigital's Arima arbitration award (received earlier this year).
- IDCC unchanged AH for now.
Thu, Oct. 30, 8:32 AM
Wed, Oct. 29, 5:30 PM
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Tue, Oct. 28, 12:11 PM
- InterDigital (NASDAQ:IDCC) has won a Delaware infringement suit against ZTE. ZTE was ruled to be infringing claims in 3 asserted InterDigital patents, and ZTE's attempts to have the claims rejected as invalid (on grounds of obviousness) were rejected.
- Earlier this year, InterDigital saw unfavorable ITC rulings for patents asserted against Nokia and ZTE. Q3 results are due on Thursday.
- The court ruling (.pdf)
- Update: InterDigital has issued a PR.
Wed, Sep. 17, 4:27 PM
- Steven Clontz has informed the company of his intention to retire from the board at the end of his term in June 2015. He'll be succeeded by Doug Hutcheson, who joined the board this summer.
- Clontz joined the InterDIgital (NASDAQ:IDCC) board in 1998 and has been chairman since 2010.
- Source: Press Release
Fri, Sep. 12, 4:18 PM
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.
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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