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Unwired Planet, Inc. (UPIP)

  • Mon, Nov. 23, 11:13 AM
    • The U.K. High Court has ruled Samsung and Huawei infringe a standards-essential 4G patent asserted by Unwired Planet (NASDAQ:UPIP).
    • UPIP states it's "not yet known" whether Samsung/Huawei will appeal, and that (per U.K. law) it will be "entitled to reimbursement of a substantial portion of its legal expenses" related to this portion of the case.
    • The ruling covers the first of five U.K. infringement trials scheduled to occur through the summer of 2016. A sixth trial covering the proper application of FRAND licensing principles for standards-essential IP is set for Oct. 2016.
    • In 2013, UPIP bought 2,185 mobile patents and applications from Ericsson, as well as a commitment to receive another 100 "patent assets" annually from 2014-2018; Ericsson receives a portion of the revenue produced by the patents. UPIP received an adverse ruling in May for a suit filed against Apple, and one last December for a suit filed against Google.
    | Mon, Nov. 23, 11:13 AM | Comment!
  • Mon, Nov. 9, 6:08 PM
    • Along with its FQ1 results, Unwired Planet (NASDAQ:UPIP) announces it has named Jim Wheat, the CFO of HPC system maker SGI from 2008-2012, its new CFO, effective Nov. 2. Wheat replaced interim CFO Kip Witter III.
    • The mobile IP licensing firm ended FQ1 with $77.3M in cash and short-term investments, down from $85.5M at the end of FQ4. Long-term notes payable stood at $31M.
    • Recognized revenue of $1.3M stemmed from the Lenovo licensing deal, and backs out $0.3M in revenue-sharing payments to Ericsson. Patent licensing expenses rose by $0.3M Y/Y to $7.8M; G&A spend fell by $2.6M to $2.5M.
    • Shares haven't yet moved after hours.
    • FQ1 results, PR
    | Mon, Nov. 9, 6:08 PM | Comment!
  • Mon, Nov. 9, 4:13 PM
    • Unwired Planet (NASDAQ:UPIP): FQ1 EPS of -$0.09 misses by $0.01.
    • Revenue of $1.3M (+4.0% Y/Y) beats by $0.05M.
    • Press Release
    | Mon, Nov. 9, 4:13 PM | Comment!
  • Tue, Aug. 25, 4:09 PM
    • Unwired Planet (NASDAQ:UPIP): FQ4 EPS of -$0.08 in-line.
    • Revenue of $0.8M
    • Press Release
    | Tue, Aug. 25, 4:09 PM | Comment!
  • Tue, Jun. 2, 5:08 PM
    • A day after Boris Teksler officially took over as CEO, Unwired Planet (NASDAQ:UPIP) states it has given Teksler options to buy 5.05M shares; that's equal to nearly 5% of UPIP's current share count.
    • The options sport an exercise price of $0.6797 (matching yesterday's close), and will expire in 10 years. A third of the options will vest after one year, and the rest in quarterly installments over the following two years.
    | Tue, Jun. 2, 5:08 PM | Comment!
  • Wed, May 27, 10:44 AM
    • The judge presiding over Unwired Planet's (NASDAQ:UPIP) infringement suit against Apple has granted Apple's motion for summary judgment of non-infringement on 3 out of 4 asserted patents. UPIP is "exploring all options available to us, including appealing them to the Federal Circuit."
    • For the fourth patent, Apple was deemed to be not liable for inducing infringement by iPhone users - this meshes with a 2014 Akamai/Limelight Supreme Court ruling. Though UPIP's direct infringement case for the patent remains, the company says "a trial is not warranted unless and until a successful appeal regarding inducement occurs."
    • UPIP adds it thinks the rulings "further exemplify the current uncertain and adverse climate in the U.S. that we perceive exists regarding patent holders’ rights, particularly with respect to narrowing (or even eliminating altogether) the scope of protection for these types of application-layer patents." It declares the decisions "underscores one of the reasons why we moved our primary enforcement focus to Europe in the beginning of 2014."
    • Yesterday: Unwired Planet up 33% over last two trading days
    | Wed, May 27, 10:44 AM | Comment!
  • Tue, May 26, 10:54 AM
    • Microcap mobile IP licensing firm Unwired Planet (UPIP +23.2%) rallied strongly on Friday, and is posting even bigger gains today. No news explaining the move has yet hit the wires.
    • 375K shares have already been traded today, topping a 3-month daily average of 220K. UPIP is 8 days removed from announcing VPs Daniel Mendez and Tom Robbins are resigning, paving the way for incoming CEO/Apple vet Boris Teksler to "assume principal responsibility for intellectual property activities." Teksler takes office on June 1.
    | Tue, May 26, 10:54 AM | Comment!
  • Mon, May 18, 9:25 AM
    • Daniel Mendez and Tom Robbins, until now the GMs of Unwired Planet's (NASDAQ:UPIP) IP licensing unit, have resigned.
    • Boris Teksler, who was named CEO in April and will take office on June 1, will "assume principal responsibility for intellectual property activities." Teksler was once in charge of Apple's patent licensing/strategy.
    | Mon, May 18, 9:25 AM | Comment!
  • Thu, Apr. 30, 4:22 PM
    • Unwired Planet (NASDAQ:UPIP): FQ3 EPS of -$0.09 beats by $0.01.
    • Revenue of $1.25M in-line.
    • Press Release
    | Thu, Apr. 30, 4:22 PM | Comment!
  • Tue, Apr. 14, 11:20 AM
    • Boris Teksler, formerly a VP at Technicolor and before that Apple's head of patent licensing/strategy, has been named Unwired Planet's (NASDAQ:UPIP) CEO, effective June 1.
    • Teksler effectively takes over from Phil Vachon, who has been serving as principal executive officer. Vachon will remain chairman.
    • Shares have shot higher following the news. They closed yesterday at a 52-week low of $0.55.
    | Tue, Apr. 14, 11:20 AM | Comment!
  • Thu, Mar. 19, 3:24 PM
    • Today's notable tech gainers include NFC reader vendor On Track (OTIV +10.6%), Chinese real estate site owner Leju (LEJU +12.9%), mobile accessory vendor Zagg (ZAGG +5.4%), online furniture giant Wayfair (W +6.3%), and LED/chip/storage equipment maker Veeco (VECO +4.6%). The Nasdaq is up 0.2%.
    • Notable decliners include mobile IP licensing firm Unwired Planet (UPIP -11.8%), flash storage array vendor Violin Memory (VMEM -7.1%), Chinese CDN owner ChinaCache (CCIH -6%), Chinese data center owner 21Vianet (VNET -4%), telecom equipment vendor Adtran (ADTN -4.6%), and VoIP/unified communications hardware vendor ShoreTel (SHOR -4.9%).
    • On Track might be benefiting from Apple Pay enthusiasm. Leju is more than making up the 7% drop it saw yesterday after posting mixed Q4 results, guiding for 21%-25% 2015 growth, and declaring a special dividend. Veeco, which has had accounting issues in the past, disclosed today it had replaced Ernst & Young as its auditor with KPMG.
    • Wayfair is now up 31% since its big March 4 Q4 beat. Zagg is up 46% since its iPhone 6-driven Feb. 24 Q4 beat.
    • ChinaCache announced this morning its Q4 report will arrive on March 26. 21Vianet has gradually moved lower since posting mixed Q4 results last week. Violin is reversing the big gains seen last week following multiple insider buys.
    • Previously covered: Yelp, Envivio, Novatel, Digital Turbine, Sungy Mobile, SuperCom, healthcare tech, Solar3D, China Mobile, Red Hat
    | Thu, Mar. 19, 3:24 PM | Comment!
  • Wed, Feb. 4, 4:13 PM
    • Unwired Planet (NASDAQ:UPIP): FQ2 GAAP EPS of -$0.10
    • Revenue of $1.3M in-line.
    • Press Release
    | Wed, Feb. 4, 4:13 PM | Comment!
  • Dec. 15, 2014, 12:52 PM
    | Dec. 15, 2014, 12:52 PM | 17 Comments
  • Dec. 15, 2014, 10:49 AM
    • Unwired Planet (NASDAQ:UPIP) has received a claim construction order (.pdf) for five of the patents asserted in a 2012 infringement suit against Google. The company states its "initial perception is that these results are disappointingly negative and will materially impact our case." Options are being evaluated.
    • UPIP sued Apple and Google in 2012, alleging the tech giants infringed a slew of patents related to hardware, wireless communications, and cloud services. Earlier this year, it sued Google, Samsung, Huawei, and HTC over six of the patents it acquired from Ericsson.
    • The order is the latest in a string of negative rulings to be received this year by IP licensing firms suing major tech companies.
    | Dec. 15, 2014, 10:49 AM | Comment!
  • Oct. 30, 2014, 4:15 PM
    • Unwired Planet (NASDAQ:UPIP): FQ1 GAAP EPS of -$0.11
    • Revenue of $1.3M in-line..
    • Press Release
    | Oct. 30, 2014, 4:15 PM | Comment!
  • Aug. 15, 2014, 4:09 PM
    • Thanks to the Lenovo deal, Unwired Planet (UPIP +2.5%) ended FQ4 with $146.7M in cash/investments (compares with a $226.4M market cap). Liabilities include $25.7M in long-term debt and a $12.9M fee share obligation.
    • FQ4 patent licensing expenses totaled $6.8M, up from $4.7M a year ago. G&A spend fell to $4.6M from $5M.
    • On the CC (transcript), management noted net proceeds from the Lenovo deal totaled $70M, after backing out $30M in payments to IP licensing partner Ericsson (previous). The company also mentioned "a few" of its U.S. suits should enter trial early next year, and that cases in Germany and the U.K. are set to enter trial in mid-2015.
    • FQ4 results, PR
    | Aug. 15, 2014, 4:09 PM | Comment!
Company Description
Unwired Planet Inc is an intellectual property licensing company with mobile technology patents and patent applications. The patents cover technology associated with mobile communications.
Sector: Technology
Country: United States