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InterDigital, Inc. (IDCC)

- NASDAQ
  • 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, 6:15 PM | Comment!
  • Fri, Aug. 28, 5:40 PM
    | Fri, Aug. 28, 5:40 PM | 12 Comments
  • 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.
    | Tue, Aug. 25, 5:44 PM | Comment!
  • 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, Aug. 20, 7:08 PM | 2 Comments
  • Thu, Jul. 30, 8:32 AM
    • InterDigital (NASDAQ:IDCC): Q2 EPS of $0.89 beats by $0.11.
    • Revenue of $118.6M (-38.9% Y/Y) beats by $10.35M.
    • Press Release
    | Thu, Jul. 30, 8:32 AM | Comment!
  • 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.
    | Fri, Jun. 12, 12:23 PM | Comment!
  • Thu, Jun. 11, 4:35 PM
    • InterDigital (NASDAQ:IDCC) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 1.42%
    • Payable July 22; for shareholders of record July 8; ex-div July 6.
    • Additionally, board has approved to increase its existing stock repurchase program by $100M
    | 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.
    | Mon, May 11, 5:14 PM | 2 Comments
  • Wed, Apr. 29, 8:33 AM
    • InterDigital (NASDAQ:IDCC): Q1 EPS of $0.78 beats by $0.01.
    • Revenue of $110.4M (+90.9% Y/Y) beats by $1.75M.
    • Press Release
    | Wed, Apr. 29, 8:33 AM | Comment!
  • Tue, Apr. 28, 5:30 PM
  • 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.
    | Mon, Apr. 27, 4:00 PM | Comment!
  • Wed, Apr. 22, 6:51 PM
    • A Delaware jury has ruled ZTE didn't infringe InterDigital's (NASDAQ:IDCC) '151 patent. Back in October, ZTE was ruled to infringe InterDigital's '966, '847, and '244 patents, but a mistrial was declared on the '151 patent (USPTO filing).
    • InterDigital: "While we're disappointed by today's jury decision, we feel overall that our Delaware actions against ZTE are successful in highlighting the strength of InterDigital's contributions to worldwide core wireless technology ... We look forward to the damages phase of the proceedings and hope that, overall, the results of our Delaware actions will be helpful in facilitating discussions with ZTE and others that lead to fair and reasonable license agreements with InterDigital."
    • IDCC -1.9% AH to $51.65 AH. Shares briefly fell in regular trading following initial reports about the ruling (before InterDigital issued a PR), but closed up 1%. Q1 results arrive on April 29.
    | Wed, Apr. 22, 6:51 PM | Comment!
  • Tue, Mar. 24, 4:19 PM
    • InterDigital's (NASDAQ:IDCC) European unit has been awarded EU funding for 2.5 years of R&D work related to project XHAUL, which aims to "develop a 5G integrated backhaul and fronthaul transport network to flexibly and dynamically interconnect the 5G radio access and core network functions."
    • XHAUL aims to cut network total cost of ownership (TCO) by 30%, while also improving network efficiency and lowering latency. InterDigital has already been investing in 5G R&D, with the goal of adding to its 5G patent portfolio. The technology is expected to see large-scale deployments starting around 2020.
    | Tue, Mar. 24, 4:19 PM | 1 Comment
  • Thu, Mar. 12, 11:40 AM
    • Ed Kamins, the head of business consulting firm UpFront Advisors, and Gil Amelio, a tech industry vet who ran Apple before Steve Jobs came back, are stepping down from InterDigital's (IDCC +0.2%) board following the company's June annual meeting.
    • No successors have been named. Kamins has been on the board since 2003, and Amelio since 2011.
    | Thu, Mar. 12, 11:40 AM | Comment!
  • Wed, Mar. 11, 4:28 PM
    • InterDigital (NASDAQ:IDCC) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 1.51%
    • Payable April 29; for shareholders of record April 15; ex-div April 13.
    | Wed, Mar. 11, 4:28 PM | Comment!
  • Fri, Mar. 6, 12:13 PM
    • InterDigital's (IDCC -2%) $275M offering of senior convertible notes due 2020 features an interest rate of 1.5% and an initial conversion price of $72.37 - 38% above current levels.
    • Shares are down 5% since the offering was first announced on Wednesday afternoon.
    | Fri, Mar. 6, 12:13 PM | Comment!
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Company Description
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.