Jun. 3, 2014, 9:25 AM
Jun. 3, 2014, 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.
May 19, 2014, 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."
May 1, 2014, 8:38 AM
Apr. 30, 2014, 5:30 PM
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Apr. 8, 2014, 5:38 PM
Mar. 6, 2014, 4:10 PM
Feb. 26, 2014, 9:19 AM
- EU regulators have dropped an antritrust probe of InterDigital's (IDCC) 3G patent licensing fees in response to InterDigital's settlement with Huawei, the company that originally raised the issue with the EU.
- The EU has stepped up its scrutiny of standards-essential patent licensing practices in recent years, as evidenced by its ongoing probe of Samsung's use of standards-essential IP in its legal battles.
- Last week, the Chinese government announced it's in settlement talks with InterDigital.
Feb. 20, 2014, 2:58 PM
- In addition to beating Q4 estimates, InterDigital (IDCC +7%) is guiding for Q1 revenue of $54M-$59M, above a $53.8M consensus. The company says the guidance only accounts for recurring revenue streams (e.g. royalties), and excludes the potential impact of new deals and/or settlements.
- Q4 revenue blew away estimates thanks to the recognition of $36.4M in past royalty revenue, primarily from Pegatron (previous). Royalty and tech solutions revenue rose 34% Y/Y to $63.3M due to arbitration awards in disputes with Apple, Pegatron, and a technology solutions partner.
- Excluding a $12.5M restructuring charge taken a year ago, opex rose 9% Y/Y to $61.7M, thanks in large part to a 16% increase in patent admin/licensing costs to $36.2M.
- Q4 results, PR
Feb. 20, 2014, 8:33 AM| Comment!
Feb. 20, 2014, 12:05 AM| Comment!
Feb. 19, 2014, 5:30 PM| 4 Comments
Feb. 19, 2014, 1:17 PM
- China's anti-monopoly regulator has made its first public remarks about its probe of Qualcomm's (QCOM +0.2%) licensing deals with local OEMs, and the comments (by mentioning the regulator has received complaints Qualcomm "abuses its dominant position in the market and charges discriminatory fees") suggest authorities aren't backing down.
- At the same time, the regulator says it's in talks with another 3G/4G patent owner, InterDigital (IDCC -1.2%), about a potential settlement. InterDigital has previously claimed the Chinese government threatened to arrest or detain its employees over its efforts to collect royalties from Huawei.
- The Qualcomm probe is widely seen as an effort to obtain lower royalty rates as Chinese 4G LTE adoption ramps. Given Qualcomm often doesn't collect royalties on sales of phones supporting China Mobile's TD-SCDMA 3G network, the launch of LTE networks by all three Chinese carriers stands to boost the percentage of local phone sales Qualcomm collects on.
- It also stands to increase Qualcomm's Chinese baseband chip share. The company mentioned on its FQ1 CC (transcript) its mid-range Snapdragon 400 processor had scored 70+ 3G/4G design wins with Chinese OEMs.
Dec. 24, 2013, 12:35 PM
- InterDigital's (IDCC +3.6%) arbitration deal with Huawei, which comes shortly after the ITC ruled against InterDigital in a patent suit against Huawei, Nokia, and ZTE, is expected to eventually yield "a global licensing agreement," says InterDigital CEO Wiliiam Merritt.
- The company's disputes with Nokia (in the process of selling its phone business to Microsoft) and ZTE are still outstanding. Shares remain 7% below where they traded prior to the ITC ruling, and are down 27% YTD in a year the Nasdaq is up over 30%.
Dec. 24, 2013, 9:10 AM
Dec. 24, 2013, 8:07 AM| Comment!
IDCC vs. ETF Alternatives
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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