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October 26, 2011 |
HOME PAGE
Media Reports.
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NEW on HOME and FOCUS STOCK
Pages
Links to current Media
Reports and articles
October 26, 2011 InterDigital Revenue Exceeds Estimates as Possible Sale Talks Continue “It’s great news that they continue to mull options (including sale of the Company), and great news that the business is doing well,” said MPartners' Isenberg. “They have a portfolio of amazing patents, tools of the next competitive battle in communications.” Bloomberg
See 30 recent MEDIA
ARTICLES about InterDigital on our HOME page
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September 28, 2011 |
HOME PAGE
Media Reports.
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NEW on HOME and FOCUS STOCK Pages
Links to current Media Reports and articles
September 28, 2011 InterDigital: Confusion Reigns Over Potential Consortium Bids. A source close to the transaction tells Forbes that there are multiple bidders involved in the acquisition process, and that the parties involved are forming more than one group of bidders for the company's patents.
September 28, 2011 InterDigital Suitor Trying to Build Consortium. Other consortia are also in the process of being formed and evauating whether to move forward with an offer. dealReporter/Financial Times Note: Article date (August) is incorrect on link.
See 30 recent MEDIA ARTICLES about InterDigital on our HOME page
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September 24, 2011 |
HOME PAGE
Media Reports.
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NEW on HOME and FOCUS STOCK Pages
Links to current Media Reports and articles
September 21, 2011 Research in Motion Patents Worth Just $2.5 billion, Analyst Says.
Apple could improve its position in LTE patents significantly by acquiring InterDigital. IDCC owns 9% of all essential LTE patents, which alone are worth $3.1 billion. Forbes.
See 30 recent MEDIA ARTICLES about InterDigital on our HOME page
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September 19 2011 |
HOME PAGE
Media Reports.
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Links to current Media Reports and articles
September 19, 2011 InterDigital: Waiting Is the Hardest Part The first round bids are due later this week. Companies rumored to place a bid include
wireless communication power houses. Todd Johnson Seeking
Alpha
September 15, 2011 Ericsson to Bid for InterDigital Patents, according to Bloomberg. Ericsson has lately been looking to strengthen
its position in the increasingly competitive telecom-market. Evertiq.com
News
See 30 recent MEDIA ARTICLES about InterDigital on our HOME page
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September 13 2011 |
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Media Reports.
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Links to current Media Reports and articles
September 13, 2011 HTC Open to Buying OS, Patents President of HTC America: "We'd rather leverage our own inventions than buy patents....But if we have to, we'd consider it (the InterDigital patent portfolio)." IDG Intl News Service
September 12, 2011 Is a Tech Buyout Frenzy on the Horizon? Interest around mobile-patent specialist InterDigital
has been white hot all summer. Motley Fool
See 28 recent MEDIA ARTICLES about InterDigital on our HOME page
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September 11, 2011 |
HOME PAGE
Media Reports.
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Links to current Media Reports and articles
September 9, 2011, Intel Said to Weigh InterDigital Bid Intel, Samsung, Ericsson, HTC, Apple and Microsoft apparently reviewing confidential IDCC data. Google may be "losing interest." Some buyers may be teaming up. Bid could be $5 billion+ (or $100/share -ed.).
Bloomberg
See 26 recent MEDIA ARTICLES about InterDigital on our HOME page
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August 24, 2011 |
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Media Reports.
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Links to current Media
Reports and articles
August 24, 2011 The Next Tech Patent Powerhouses Following InterDigital in September, PANL, SanDisk and CREE may be attractive takeover targets with strong patent pools. Forbes
See 24 recent MEDIA ARTICLES about InterDigital
on our HOME page
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August 23, 2011 |
HOME PAGE
Media Reports.
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Links to current Media Reports and articles
August 23, 2011 How the Great Patent Wars of 2011 Could Affect Your Portfolio (Steve Jobs' response) could be buying InterDigital, Eastman Kodak or the Palm assets or perhaps something completely off the radar. Either way, expect Apple to come back swinging and expect Samsung to take the gloves off soon. Seeking Alpha
See 23 recent MEDIA ARTICLES about InterDigital on our HOME page
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August 21, 2011 |
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ANALYST
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2 new  analyst reports
August 19, 2011 From the Intra-day note of Aug 19:Samsung Declines to Participate in the Bidding Process " We think that the statements attributed to Samsung suggest that: o It believes that the InterDigital patents are pretty important and o InterDigital could get expensive BUY $118 target
August 18 From the Morning Note of August 18 : IP Continues To Be Hot
1 new media article
August 9, 2011 Will Apple Snag InterDigital in Hot Patent Pursuit? "It's not just about the patents," said InterDigital's Indekeu. "We're looking at what we can do with the entire company. That includes the patents, but also its engineering resources and licensing fees." MacNewsWorld
See 22 recent MEDIA ARTICLES about InterDigital on our HOME page
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August 16, 2011 |
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M Partners: Ron Shuttleworth Analyst Report "Intra-Day Note" Google Acquires Motorola Mobility: Rationale Explained
From the "Intra-Day Note" of August 15, 2011
Rating: BUY 12 month target share price: $118
Investors discounted InterDigital shares following Aug 15th news thatr Google was buying Motorola Mobility.This is a significant buying opportunity for investors because InterDigital management has disclosed that the "Strategic Alternatives" process is " moving along as planned and that there are multiple bidders" according to the analyst. "The InteDigital share price reaction.to the Google acquisition od MMI is misplaced and disconnected from the value of the poirtfolio.... To an acquirer using IntewrDigital IP as a weapon, the portfolio is worth between $118 and $167. We have a BUY recommendation and a $118 share price target."
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August 15, 2011 |
HOME PAGE
Media Reports
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NEW on HOME PAGE:
Links to current Media Reports and articles updated
with CNBC interview of Ocean Tomo's Jim Malackowski discussing merrger and acquisition activity, including InterDitgital following Google's proposed acquisition of MMI Motorola today. PLUS Motley Fool article on InterDigital's acquisition potential; now.
August 15, 2011, CNBC VIDEO Ocean Tomo's Jim Malackowski interview re: Google - Motorola - InterDigital There's still more m & a activity to come...Google could still benefit from IDCC acquisition and others will look at IDCC, too.
August 15, 2011, InterDigital Shares plunged. What You Need To Know. While Motorola Mobility's patents may lessen Google's interest in InterDigital, other consortium members -- along with InterDigital licensees such as Samsung Electronics, LG Electronics, and HTC -- are potential buyers of InterDigital. Motley Fool
See 15 recent MEDIA ARTICLES about InterDigital on our HOME page
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August 11, 2011 |
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Technical Analysis
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NEW on HOME PAGE:
Technical Analysis
Is stock technical analysis helpful to you? "Clay Trader" of Bull Warrior provides excellent VIDEO analysis of InterDigital share price trends It's free.
See the August 11, 2011 video
"IDCC is maintaining strength in this very, very bearish market"
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August 10, 2011 |
HOME PAGE
Media Reports.
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NEW on HOME PAGE:
Links to current Media Reports and articles updated
with wide circulation FORBES.com picking up Trefis Team article:
August 10, 2011 Patent Wars Heat Up as Google Courts InterDigital " InterDigital is crucial for Google's lagging patent portfolio"
See 13 recent MEDIA ARTICLES about InterDigital on our HOME page
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August 9, 2011 |
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ANALYST COVERAGE page has been updated to include
51 analyst reports on InterDigital
dated from 2009 to present
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August 7, 2011 |
Our HOME PAGE has been thoroughly updated during the week of August 1st.
Cascading links in left column will be undated during week of August 8th !
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NEW on HOME PAGE:
Links to current Analyst Reports
Links to current Media reports and articles
Digest of recent events affecting InterDigital
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August 3, 2011 |
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M Partners: Ron Shuttleworth Analyst Report "Intra-Day Note" Samsung Enters the Process
From the "Intra-Day Note" of August 3, 2011
Rating: BUY 12 month target share price: $118 (was earlier raised from $65 last week)
Last night Bloomberg news speculated that Samsung is currently evaluating InterDigital's patent portolio with possible intent to become involved in the acquisition process. Analyst gives reasons why Samsunbg's possible interest is highly probable. Analyst also describes an added value in Samsung's possible acquiring of InterDigital: the highly capable and experienced cadre of 180 engineers and scientists working on cutting edge wireless technology.
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August 2, 2011 |
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ANALYST COVERAGE page has been updated to include most recent reports from M Partners, Barclays Capital and Davenport and Co. |
  
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August 2, 2011 |
Our HOME PAGE is being thoroughly updated during the week of August 1st.
Check out our progress!
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Coming to HOME PAGE:
Links to current Analyst Reports
Links to current Media reports and articles
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July 28, 2011 |
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M Partners: Ron Shuttleworth Analyst Report "Morning Note" IDCC Cancels Conference Call and Guidance
From the "Morning Note" of July 28, 2011
Rating: BUY 12 month target share price: $118-$167 (raised from $65 earlier in week)
"Last night InterDigital reported Q2 2011 earnings, which were slightly ahead of our expectations. More interestingly, Company reported that it is suspending regular conference calls. We believe the Company's silence levates the likelihood that it is engaged with one or more parties seeking to acquire all or part of the Company."
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January 4, 2011
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All three REPLY BRIEFS to CAFC in re: Intl. Trade Commission
are now available on WirelessLedger
Read the brief from each of the three sides to this dispute and judge for yourself whether InterDigital will prevail in this month's very important hearing, forcing Nokia finally to pay royalties for past 3G phone software patents.
On January 13, 2011. The Court of Appeals for the Federal Circuit (CACF) will hear the InterDigital appeal of last year's ITC ruling in the InterDigital request that all Nokia's cell phone imports be embargoed until Nokia pays for past infringement of its 3G patents.
IDCC Reply Brief (8-30-2010) (thanks to Monterey 2000)
ITC Reply Brief (7-13-2010) (thanks to quilix)
Nokia Reply Brief (7-13-2010 (thanks to quilix)
Also read an excellent post by NukeJohn in reference to the upcoming important hearing.
NukeJohn on IHub writes in reference to the IDCC brief:
"After reading this brief, I have no doubt that the CAFC will overturn the ITC ruling. The thing that jumped out at me is that if Judge Luckern's claim construction is used, then IDCC's own preferred embodiment would not even infringe. How can that be? The answer is....it's not possible.
"Nokia knows things only get worse for them if oral arguments don't go well." 09/03/10 |
December 20
2010 |
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The Street.com TV interview with Jim Cramer Monday mornng, Dec. 20, 2010
The Street.com Jim Cramer interviewed about his Mad Money recommendation of InterDigital the previous day.
Cramer repeats highlights on previous day's Mad Money analysis andhis strong recomendation of IDCC.
(See immediately below for highlights of that Mad Money recommendation of InterDigital) |
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December 17
2010 |
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CNBC: Mad Money with Jim Cramer December 17, 2010
On his December 17, 2010 CNBC network popular television program, Mad Money, host Jim Cramer deftly analyzed the prospects of InterDigital in a remarkably comprehensive report.
View the 7 minute network TV segment here.
The best opportunities for speculation, Cramer said Friday, are small-cap junior growth stocks that have yet to be discovered by analysts at any of the major brokerage firms.
Cramer focused carefully on InterDigital. Although one of the best plays on the mobile Internet tsunami, Cramer noted that none of the major firms and just four boutique analysts follow this stock. Yet InterDigital gets paid royalties on half of all 3G phone shipments. Four of the five largest handset makers license its products, including Research In Motion (RIMM) , Samsung, LG Display (LPL) and Apple (AAPL) . And he says that InterDigital makes 40 cents on every iPhone and 3G-enabled iPad sold.
Cramer reportts that the King of Prussia, Pa.-based company is an intellectual-property firm with 17,000 issued patents and patent applications. InterDigital develops wireless technologies that allows mobile devices to communicate with cellular networks, for example. It also makes bandwidth-allocation technology that manages the handover of signals between cell towers. After developing this technology, InterDigital licenses it to handset makers, among other wireless-communications companies. For every licensed 3G device sold, InterDigital gets paid a royalty that's often 1 percent of the device's selling price.
Although a point off its 52-week high, Cramer said there are a number of potentially major catalysts that could soon send the stock higher. One of is that the company anticipates a settlement to its lawsuit with Nokia (NOK), which accounts for 36 percent of all 3G phone shipments. "According to InterDigital, the discussion with Nokia is now mostly about what price they need to pay for using their technology. Both companies will meet in court next month."
While Cramer considers this a speculative play, he thinks it's a relatively safe bet. InterDigital has no debt and $13 in cash per share, which is one-third of the share price. On Monday, the company said it will pay a quarterly dividend of 10 cents, which gives the stock a 1-percent yield. It expects to ultimately pay a dividend that yields 2 percent or 3 percent, which is on par with other dividend-paying tech companies.
"IDCC is a cheap and relatively undiscovered way to play the mobile Internet tsunami," Cramer said. "It’s paying a dividend, and I think ... it’s got a very bright future."
-adapted from Drew Sandholm |
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December 15
2010 |
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M Partners: Ron Shuttleworth Analyst Report "Morning Note"
InterDigital licensee HTC projects 60 million shipments for 2011
From the "Morning Note" of DECEMBER 15, 2010
Rating: BUY 12 month target share price: raised from former $48.00 to new $54.00
MPartners previous earnings estimates were based on projected shipments og 10 million 3G units in 2011.
Digitimes Telecom reports that HTC suppliers are now preparing for 60 million 3G un its in 2011.
MPartners is increasing its 2011 forecast for per unit InterDigital licenses from 10 million 3G units to 40 million 3G units from HTC.
This significant uptick in planned shipments representsan incremental $6.00 in value to the current sum-of-the parts valuation of the stock.
As a result, MPartners maintains its BUY recommendation and increases its 12 month share price target to $54 from $46.
MPartners reminds investors that their current sum-of-the-parts analysis EXCLUDES a potential licensing deal expected from Nokia at some point in the future.
See full two page "Morning Note" Report of Dec. 15, 2010 |
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November 2
2010 |
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M Partners: Ron Shuttleworth Analyst Report "Morning Notes" following Earnings Report and Company Conference Call issued October 29, 2010
From the "Morning Notes"
Rating: BUY 12 month target share price: $48.00
CEO Bill Merritt expressed confidence in the Company's furyre performance, stating that the Company's prospects have never been better. This confifdence is reflected in the initiation of a quarterly dividend and also supported by data points:
Nokia: Company very optimistic about chances in court, ongoing discussions about possible settlement with Nokia are are positive and Complany hopes to conclude an out of court settlement with Nokia proior to Dec 9th hearing.
3G licensing: Company expects 20% Y/Y in 3G handset sales for next 4 years. IDCC has 55% of handset sales worldwide licenses now and continues to target 100%. A settlement with Nokia woukld add an addition 34%.
LG Renewal: Currently licensing negotiations are very "productive" |
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November 16
2010 |
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M Partners: Ron Shuttleworth Analyst Report "Morning Note" following Earnings Guidance and Analyst with management for two days meeting with potential investors issued November 15, 2010
From the "Morning Note"
Reiterates Rating: BUY 12 month target share price: $48.00
Revenue guidance was ahead of expectations.
There is a strong possibility of new licensee signings during the quarter.
Analyst accompanied management on two days of marketing with 18 institutional investors and learned:
*LG must and will renew 3G licenses. Inclusion of 4G/LTE may result in small delay of renewal.
*There is no dispute that Nokia is in violation of IDCC patents. The current litigation track is intended to establish timelines and scope of infringement for negotiations to close gap in what each side claims is reasonable
*M2M licensing becomes larger contributor to revenue
*IDCC expects to get 100% of 3G licensed
*With consortium of interested parties, IDCC has submitted a bid for certain Nortel LTE patents
*The typical dividend range for technology companies is between 2% and 3%
Recommendation: Despite recent runup in share price M Partners believes IDCC continues to be undervalued and reiterates BUY and $48 price target.
Nokia settlement not included in price target altho M Partners believes that it is "almost a certainty that Nokia and InterDigital will come to an agreement on 3G and possibly some 4G licensing." |
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November 2
2010 |
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M Partners: Ron Shuttleworth Analyst Report "Morning Notes" following Earnings Report and Company Conference Call issued October 29, 2010
From the "Morning Notes"
Rating: BUY 12 month target share price: $48.00
CEO Bill Merritt expressed confidence in the Company's furyre performance, stating that the Company's prospects have never been better. This confifdence is reflected in the initiation of a quarterly dividend and also supported by data points:
Nokia: Company very optimistic about chances in court, ongoing discussions about possible settlement with Nokia are are positive and Complany hopes to conclude an out of court settlement with Nokia proior to Dec 9th hearing.
3G licensing: Company expects 20% Y/Y in 3G handset sales for next 4 years. IDCC has 55% of handset sales worldwide licenses now and continues to target 100%. A settlement with Nokia woukld add an addition 34%.
LG Renewal: Currently licensing negotiations are very "productive" |
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November 2 , 2010 |
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 "best posts" related to this topic:
InterDigital is asking the US Courth of Appeals for the Circuit Court to overfule the Internatioanl Trade Commission (ITC) and to rule that Nokia is infringing InterDigital patents, with a penalty of embargooing Nokia cell phones imported into the United States until the matter is resolved between InterDigital and Nokia. A ruling favorable to InterDigital could result royalties due IDCC from Nokia for previous and future cell phones amounting to perhaps one billion dollars in new revenue for InterDigital.
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October 14 , 2010 |
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Complete Version
InterDigital's BLUE BRIEF replying to CAFC in re: Intl. Trade Commission Case
NukeJohn: "Although the company names were redacted in this public version, one of my favorite things in this brief is the way IDCC told the CAFC that numerous other companies have licensed these same 3G patents in question. We can't see the names because they were redacted, but the CAFC was given a long list of licensees. The CAFC has got to wonder why Apple, RIM, HTC, Toshiba, Casio/Hitachi, Pantec, LG, Sharp, NEC, Panasonic, Kyocera, etc. were all willing to license.....yet Nokia will not sign a license. IMHO, the CAFC will properly construe the claims in their de novo review, and Nokia will be left holding a very big bag." 10/12/10
NukeJohn on IHub wrote earlier about the digested version of this brief, without section on the other companies.
"After reading this brief, I have no doubt that the CAFC will overturn the ITC ruling. The thing that jumped out at me is that if Judge Luckern's claim construction is used, then IDCC's own preferred embodiment would not even infringe. How can that be? The answer is....it's not possible.
"Nokia knows things only get worse for them if oral arguments don't go well." 09/03/10 |
October 4, 2010 |
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ANALYST REPORTS
The most recent Analyst Reports are available on WirelessLedger.com.
Find descriptions and links to the reports HERE.
Archived analyst reports are also available
at this link |
  
 
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September 28, 2010
New page for our FOCUS STOCK |
WirelessLedger.com believes that our current FOCUS STOCK - InterDigital - has the most promising "risk to reward" ratio in the wireless industry today.
 The wireless industry's
new CASH COW |
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September 3, 2010
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InterDigital's REPLY BRIEF to CAFC in re: Intl. Trade Commission case
NukeJohn on IHub writes in reference to this brief:
"After reading this brief, I have no doubt that the CAFC will overturn the ITC ruling. The thing that jumped out at me is that if Judge Luckern's claim construction is used, then IDCC's own preferred embodiment would not even infringe. How can that be? The answer is....it's not possible.
"Nokia knows things only get worse for them if oral arguments don't go well." 09/03/10 |
July 30, 2010 |
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ANALYST REPORT
Davenport and Company: Jonathon Skeels
Remaining neutral
“Expiring license agreements and intended uses for cash balance keep us on the sidelines. IDCC reported better than expected 2Q10 results with upside driven by revenues from new licensees and past infringement sales. While our 2010/2011
estimates move higher to reflect this improving performance, we remain cautious on the shares due to concerns over expiring license agreements and the intended uses for the cash balance.”
- Jonathon Skeels, Analyst
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ARCHIVED REPORTS
August 23, 2009 |
See all analysts' reports
at this link |
ANALYST UPDATE (See the full report at this link)
Reiterate BUY Target $36 share price
"Nokia wins round at International Trade Commission. InterDigital intends to appeal in attempt to overturn ruling on at least one of sixteen claims. Judge rules Nokia does not infringe on four of InterDigitals patents. He ruled that four patents (covering sixteen claims in the patent infringement case) are valid but that Nokia's 3G handsets do not infringe.... Claims construction is an increasingly appealable and winable issue at the ITC.... If Nokia and InterDigital settle, we believe a deal could be worth over $30 million for 3G..... We believe there is value to be unlocked at InterDigital, given its $6 per share cash positioon (no debt) $3 net cash due from Samsung in 2010, 3G and 4G licenses still to be signed". |
See the Tom Carpenter / Hilliard Lyons report of August 20, 2009 at this link |
August 13, 2009 |
See all analysts' reports
at this link |
ANALYST UPDATE (See the full report at this link)
Tom Carpenter's July 29, 2009 report has just now become available to us. He wll surely write a revised report following August 14, when we will see either a settlement between Nokia and InterDigital or else a finding concerning InterDigital's request that all Nokia 3G cell phones be denied importation into the U.S. until Nokia pays 3G licensing fees.
In this report, Tom Carpenter reiterates his BUY rating RAISES the target share price to $38, up from $35. His rationale for inceasing the target price includes the strong 2Q09 earnings report plus possible settlement of the ITC case against Nokia. Carpenter notes that 2Q09 revenue of 74.9 millioon grew by 28% year over year. while EPS of $0.60 surpassed 2Q08's $0.13. In the report he provides further rationale for his share price target based on projected revenue and earnings, using a multiplier of about 16. He believes a likely settlement with Nokia will bring in about $300 million over 4 years, figuring royaties of $0.35 to $0.50 per cell phone. The report is certainly worth the read for his further detailed analysis of InterDigital.
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See the Tom Carpenter / Hilliard Lyons report of July 29, 2009 at this link |
| August 7, 2009 |
CNBC: What is your best idea for this Friday? August 7, 2009
Christopher Trompeter, managing director of Tradition Capital Management:
"Using the wireless idea as a jumping off point, we like InterDigital Communications Corporation, a company that has a portfolio of wireless patents that they license to mobile device manufacturers.
The catalyst for ther stock to move higher in the short term is that there is a suit that InterDigital filed against Nokia that an administrative law judge is going to rule on sometime next week. We think that there is going to be a settlement, perhaps in advance of the ruling between the two companies, in which Nokia will pay InterDigital a per handst licensing fee." View this CNBC Video |
 MORE on analyst Christopher Trompeter |
| August 3, 2009 |
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ANALYST UPDATE (see the full report at this link)
BUY Target: $39.13 share price
WirelessLedger.com comment of this report: This is the the first of what we expect to be a number of computer driven analyses (vs analysis by a human) of InterDigital based on its rapid increase in earnings, largely from the licensing of Samsung. This computer driven report does not recognize that there will be a judgment August 14th by the U.S. Intl Trade Commission that could lead to as much as $400 million in extra revenues for InterDigital. The target share value of $39 would not seem to recognize that potential revenue/earnings event either). |
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This report states: "We rate InterDigital (IDCC) a BUY. This is driven by a few notable strengths. which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The Company's strengths can be seen in multiple areas such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins.
We feel that these stengths outweigh the fact that the Company is trading at a premium valuation based on our review of current price compared to such things as earnings and book value.
July 19, 2009 |
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COMPLETE ANALYST REPORTS
Although these reports are four or more months old, they appear to be the most recent reports available from these four analysts.
Expect new reports following IDCC's quarterly earnings report and conference call the last week of July.
Find descriptions and links to all of the reports HERE. |
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March 5, 2007 |
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ANALYST REPORTS
Four most recent Analyst Reports are available here on WirelessLedger.com.
Find descriptions and links to all of the reports HERE. |
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December 31 , 2006
Additional "best posts" related to this topic:
Posts with information and insights about Risks vs Rewards investing in InterDigital. Is there now more risk in buying or in sellng ? Long term - buy or sell? Posts updated through December 31 , 2006. 23 new posts
December 29, 2006
Additional "best posts" related to this topic:
Posts with information and insights about the coming standard: 4G.
 On December 21, 2006, international service provided SK Telecom announced that it has contracted with IDCC to design the first 4G implementation. Implications of this major announcement discussed in posts here.
Although early pieces of what will likely become 4G are already being implemented, it is the convergence of all the wireless technologies into one device which will combine immense capacity, breakneck speed, and complete mobility -- and thus become 4G.
Posts updated through December 29, 2006. 40 important new posts for understanding 4G and its implications for IDCC investors!
| December 26, 2006 |
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ANALYST UPDATE (See the full report at this link) 
Michael F Ciarmoli and Bradley L Mook reiterate their "outperform" rating and $39 share price target. Investment Conclusion: We believe InterDigital is well positioned to grow its recurring royalty revenues by licensing 3G and emerging next generation wireless technologies to mobile handset OEMs.
* This morning SK Telecom announced it has chosen InterDigital Communications to develop a system/software solution designed to support nationwide handover between WiBro and UMTS networks throughout Korea. We believe this is a significant event for InterDigital for two reasons:
* First, InterDigital's patent portfolio has additional monetization opportunities beyond the current 3G efforts which seems to be garnering most of the Street's attention right now. In our opinion convergence is inevitable, as numerous 802.X and other wireless protocols emerge as next generation mobile technologies. InterDigital is firmly positioned with a base of 802.21 patents - technology that supports media independent handover - that will not only provide a critical interoperability role in Korea, but should also be transferable to other geographies as build-outs progress.
* Second, we view this event as a major step in successfully building the company's technology solutions business segment.
* We reiterate our Market Outperform rating on shares of IDCC. We continue to remain confident that InterDigital will have success in signing new 3G licensees and that the company's prospects of monetizing its vast IP portfolio are intact. Additionally, we believe the Samsung settlement will be resolved in 2007 in the form of a straight 2G settlement or 2G/3G combination. Our 12 month price target of $39 is base on a sum of the parts analysis which can be found on page 3. December 21, 2006
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December 12, 2006 |
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ANALYST UPDATE (See the full report at this link)
Tom Carpenter RAISES his rating to Long-term BUY and RAISES his share PRICE TARGET to $40, citing a number of reasons, including: *Share price pullback presents buying opportunity. IDCC now undervalued; * IDCC will ultimately collect on its 2G money owed ($150-$200 million) by Samsung, as it did from Nokia. Could possibly negotiate settlement that includes 3G; * IDCC is investing heavily in product development that could complement its licensing activity; * IDCC is in the enviable position of generating more cash flow than it needs to fund its current business model. Cash at end of 3Q 2006 is $5.58 per share; * Believes the firm can earn between $0.50 and $1.25 per handset sold by licensees; * InterDigital's annual earnings share in the $2 to $3.50 range. * IDCC could sign 3G licensing agreements with two major manufacturers in 2007 (probably Sony Ericsson and Samsung) with Nokia potentially signing in late 2007 or 1H 2008 and Motorola in 2008; * Risk: the increasingly contentious licensing landscape throughout the industry.
December 8, 2006 |
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| December 6 , 2006 |
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ANALYST UPDATE (See the full report at this link)
Frank Marsala, First Albany Capital, reiterates "strong buy" and reiterates target of $40 We adjusted our model to reflect the company's guidance.... IDCC shares sold off more than we would have thought on the guidance, in part because of the consensus estimate being skewed by one estimate that includes the revenues. from the settlement of the company's litigation with Samsung.
. December 6, 2006
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| December 7, 2006 |
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ANALYST UPDATE (See the full report at this link)
Michael F Ciarmoli and Bradley L Mook reiterate their "outperform" rating and $39 share price target. InterDigital is well positioned to grow its recurring royalty revenues by licensing 3G and emerging next generation wireless technologies to mobile handset OEMs. Recurring royalty revenues have grown steadily over the past six quarters and although the timing of future licensing deals and threat of litgation is a concern, we believe that investors should have confience that these revenue strams will continue to grow
December 6, 2006 |
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| December 6 , 2006 |
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ANALYST UPDATE (See the full report at this link)
Casey Ryan, Nollenberger, reiterates "Buy" recommendation and reiterates share price target of $40. We are lowering our 4Q revenue and EPS estimtes for InterDigital to $62 million and $0.32.... Product revenue opportunity may get boost from 3G launch in China.... We view Chinese 3G and TD-SCDMA development as a strong positive for InterDigital
December 6, 2006
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November 22 , 2006
Additional "best posts" related to these topics:
Samsung Arb and Licensing Posts updated through November 22 , 2006
Posts with information and insights about Risks vs Rewards investing in InterDigital. Posts updated through November 22, 2006.
Posts with information and insights about Nokia Licensing New court papers in Delaware Nokia-IDCC suit prompts new posts. Posts updated through November 22 , 2006
3G Licensing (including the Infineon-InterDigital deal) Posts updated through November 22, 2006
How will new technology affect IDCC Posts updated through November 22, 2006
November 22, 2006
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ANALYST REPORTS
Five most recent Analyst Reports are available here on WirelessLedger.com.
Find descriptions and links to all of the reports HERE.
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November 20 , 2006
Additional "best posts" related to this topic:
Posts with information and insights about Nokia Licensing New court papers in Delaware Nokia-IDCC suit prompts new posts. Posts updated through November 20 , 2006 7 new posts
3G Licensing (including the new Infineon-InterDigital deal) Posts updated through November 20, ,2006 7 new posts
November 19 , 2006
Additional "best posts" related to these topics:
TD-SCDMA and China Posts updated through November 19, 2006 13 new posts
How will new technology affect IDCC Posts updated through November 19, 2006 3 new posts
November 18 , 2006
Additional "best posts" related to this topic:
Posts with information and insights about Risks vs Rewards investing in InterDigital. Posts updated through November 18 , 2006. 20 new posts
November 16 , 2006
Additional "best posts" related to this topic:
Posts with information and insights about Nokia Licensing New court paper in Delaware Nokia-IDCC suit prompts new posts. Posts updated through November 16 , 2006 8 new posts
| November 2 , 2006 |
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ANALYST UPDATE
Frank Marsala, First Albany Capital, reiterates "strong buy" and reiterates target of $43.
"Sell-off overdone" Reiterates strong buy
. November 2, 2006 |
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| November 2 , 2006 |
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ANALYST UPDATE
Casey Ryan, Nollenberger, reiterates "Buy" recommendation and reiterates share price target of $40. .Reports in-line 3Q; No Samsung resolution; Valuation compelling again. November 2, 2006 |
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| November 2,, 2006 |
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ANALYST UPDATE
"Well-positioned to grow its recurring royalty revenues by licensing 3G and emerging next generation wireless technologies to mobile handset OEMs. Reiterates "Market Outperform" and lowers share price target from $41 to $39. November 2, 2006 |
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November 1 , 2006
Additional "best posts" related to this topic:
Posts with information and insights about Samsung: Licensing of 2G and 3Gand Arbitration (Most recent update: November 1, 2006) 14 new posts
November 1, 2006
NEW "best posts" topic: Moving toward 4G with IEEE 802.xx Standards and More
The fourth generation (4G) of wireless telecommunications devices has not yet been defined officially or conclusively. Not unusual since parts of what it will be are still theoretical. The best definition so far appears to be: "a network that allows data transfer rates of 1Gbps in nomadic circumstances and 100 Mbps in mobile  environments." The various potential pieces of 4G so far include: NTDD, WTDD, HSDPA, HSUPA, WiFi, WLAN, WiBro, WiMAX, mobile WiMAX, TD-CDMA, OFDMA, MIMO, IMS, VolP, GPS, DBDM, mesh networks, 802.11k, 802.16c/e, 802.21 (MIH), UMA and steerable antennas) Standards for various parts of what 4G is likely to be, however, have already matured into worldwide standards. Even these standards, however, are at best, in early release form, with substantial refinements yet to come. Although early pieces of what will likely become 4G are already being implemented, it is the convergence of all the wireless technologies into one device which will combine immense capacity, breakneck speed, and complete mobility -- and thus become 4G.
October 31
2006 |
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ANALYST UPDATE October 30, 2006
Casey Ryan, Nollenberger, reiterates "Buy" recommendation and reiterates share price target of $40 InterDigital is scheduled tp report 3Q results before the market open on Wednesday, November 1. Key issues include an update on the progress of the legal dispute with Samsung and a discussion of any potential new 3G relationships. |
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October 10 , 2006
26 additional "best posts" related to this topic:
Information and insights on Future 3G licensing and royalty revenue PLUS InterDigital announced October 4, 2006 that it has extended its licensing arrangement with Infineon (IFX) This allows InterDigital to integrate its own 3G baseband design (WCDMA, HSDPA and HSUPA) with Infineon's 2G suite to offer a complete dual-mode 2G/3G wireless modem platform suite, including the 3G protocol stack. This extended licensing agreement is positive for InterDigital, as it will enable the company to offer a more complete product, and will improve its chances to add new 3G licensees for its technology solutions suite.
October 7
2006 |
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ANALYST UPDATE October 5, 2006
Casey Ryan, Nollenberger, reiterates "Buy" recommendation and reiterates share price target of $40 Yesterday, InterDigital announced that it has expanded its licensing relationship with Infineon, ... enabling InterDigital to provide a complete 2G wireless baseband solution for mobile handsets. ... We believe that a final settlement with Samsung remains the most critical objective for InterDigital management to focus on over the next three to six months.
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October 4,
2006 |
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ANALYST UPDATE October 4, 2006
Frank Marsala, First Albany Capital, reiterates strong buy and reiterates target of $43. InterDigital announced today that it has extended its licensing arrangement with Infineon (IFX).... allows InterDigital to integrate its own 3G baseband design (WCDMA, HSDPA and HSUPA) with Infineon's 2G suite to offer a complete dual-mode 2G/3G wireless modem platform suite, including the 3G protocol stack.... This extended licensing agreement is positive for InterDigital, as it will enable the company to offer a more complete product, and will improve its chances to add new licensees for its technology solutions suite. |
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September
26,
2006 |
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BNY Jaywalk Update (1 page) dated September 25, 2006
 Reiterates consensus "Buy" rating for InterDigital. Compares InterDigital with other companies in the technology industry, where IDCC rates an excellent 93.4 out of 100 on scale.
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September
18
2006 |
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BNY Jaywalk (1 page) Report of September 18, 2006
Reiterates consensus "Buy" rating for InterDigital. Compares InterDigital with other companies in the wireless communications industry, where IDCC rates very good 90 out of 100 on scale. Jaywalk is providing statistical analysis of a company's fundamental data to investment professionals. See also: Sabrient uses BNY Jaywalk computer-driven quanitative methodology to identify stocks that appear poised to outperform or underperform the market. See the Sabrient BNY Jaywalk September 6, 2006 8 page report for more of similar information/graphics. |
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September 17, 2006
Additional "best posts" related to these topics:
Information and insights on Future 3G licensing and royalty revenue (Most recent update: September 17) 15 new posts
Information and insights by our posters on the important question "How will new technologies affect InterDigital?" (Most recent update: September 17) 10 new posts
Posts with a variety of insights on "Risk and Reward" " related to investing in InterDigital. Has IDCC gone up to far too fast? How much further will it go? What is the risk? (Most recent update: September 17) 2 new posts
Posts with information and insights about Samsung: Licensing of 2G and 3G (Most recent update: September 17) 2 new posts
Information and insights about TD-SCDMA, the "Chinese Standard" in which InterDigital may have more patents than any other firm worldwide. (Most recent update: September 17 ) 1 new post
Nokia: Past and Future Licensing and Royalties Includes information and comments on Nokia-InterDigital litigation in Delaware (Lanham Act) and the UK (3G patent challenge by Nokia).(Most recent update: July 25) 0 new posts
September
16
2006 |
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Sabrient Systems: New Analyst Coverage of InterDigital
Initiates with "Buy" Sabrient Systems is an independent research firm providing statistical analysis of a company's fundamental data to investment professionals. Sabrient uses computer-driven quanitative methodology to identify stocks that appear poised to outperform or underperform the market (vs. retail analysts' "hands on" approach). Excellent graphics. Report (via BNY Jaywalk) dated September 6, 2006.
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September 15,
2006 |
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ANALYST UPDATE
Casey Ryan, Nollenberger, reiterates "Buy" recommendation and reiterates share price target of $40.
Samsung is following Nokia's playbook, filing suit to block payment of settlement award to IDCC. We continue to believe that payment from Samsung to IDCC could occur in 4Q2006 but see increased chance it wil slip to 2007 because of last ditch legal efforts by Samsung. We do not expect a material change in the award but concede there could be small concessions in return for final settlement. September 15, 2006 |
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September 14,
2006 |
There have been 1,250 posts on IHub
since Samsung arbitaration decision was announced September 6th
Here's the BEST 55! |
55
"Best *Posts"
related to this topic: |
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Share price lower this week even though ...
- InterDigital Awarded $134 Million Plus Interest in Arbitration Proceeding with Samsung for Sales Through 2005
- Tribunal Also Sets Royalty Rates for Samsung's Sales of GSM/GPRS/EDGE Terminal Units In 2006
- PLUS Tribunal settles issues in IDCC's favor
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- 3G settlement not included WHAT's NEXT?
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| September 7, 2006 |
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THREE new
ANALYST UPDATES
New reports reflect InterDigital's Sept. 6, 2006 2G arbitration $170 million win from Samsung. |
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September 6,
2006 |
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- InterDigital Awarded $134 Million Plus Interest in Arbitration Proceeding with Samsung for Sales Through 2005
- Tribunal Also Sets Royalty Rates for Samsung's Sales of GSM/GPRS/EDGE Terminal Units In 2006
- PLUS Tribunal settles issues in IDCC's favor
- 3G settlement not included Sept 6 2006
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September 5,
2006 |
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ANALYST UPDATE Sept. 5, 2006
Frank Marsala, First Albany Capital, reiterates strong buy and reiterates target of $40.
Continues to believe a favorable 2G Samsung arbitration ruling coming shortly. More conservative take on amount: $60 million vs previous $115 million, but adjusted share total yields same price target. Frank Marsala provides a fascinating estimate of potential 3G royalties from Samsung based on this year's LG royalty deal. Further notes possible new strategy in US for collecting royalties based on Smoot-Hawley in which the ITC may rule to bar imports into the US of patent infringing products. Well worth reading.
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New page for our FOCUS STOCK |
WirelessLedger.com believes that our current FOCUS STOCK - InterDigital - has the most promising "risk to reward" ratio in the wireless industry today.
The wireless industry's
new CASH COW |
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August 28, 2006
Additional "best posts" related to these topics:
Posts with information and insights about Samsung: Licensing of 2G and 3G (Most recent update: August 27)
Information and insights on Future 3G licensing and royalty revenue (Most recent update: August 27)
August 17, 2006
August 14 , 2006
Additional "best posts" related to these topics:
Posts with a variety of insights on "Risk and Reward" " related to investing in InterDigital. Has IDCC gone up to far too fast? How much further will it go? (Most recent update: August 14)
Posts with information and insights about Samsung: Licensing of 2G and 3G (Most recent update: August 14)
Information and insights on Future 3G licensing and royalty revenue Additional reports from June 1st Annual Shareholders Meeting. (Most recent update: August 14)
Information and insights by our posters on the important question "How will new technologies affect InterDigital?" (Most recent update: August 5)
Nokia: Past and Future Licensing and Royalties Includes information and comments on Nokia-InterDigital litigation in Delaware (Lanham Act) and the UK (3G patent challenge by Nokia).(Most recent update: July 25)
Information and insights about TD-SCDMA, the "Chinese Standard" in which InterDigital may have more patents than any other firm worldwide. (Most recent update: June 29 )
| August 4 , 2006 |
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ANALYST UPDATE
Frank Marsala, First Albany Capital, reiterates strong buy and reiterates target of $40.
IDCC reported 2nd Q results yesterday. Revenues were $4 million ahead of Marsala's previous estimates. Aug. 3,2006 |
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| August 4 , 2006 |
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ANALYST UPDATE
Casey Ryan, Nollenberger, reiterates "Buy" recommendation and lowers share price target from $44 to $43. ."InterDigital reported stronger than expected 2Q results. The Company did not provide greater clarity on the timing of a potential setlement with Samsung, which may frustrate some investors." - Casey Ryan Aug. 3,2006
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August 4 , 2006 |
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ANALYST UPDATE
Importantly, InterDigital generated $209.9 million in free cash flow during 2Q06 and $278.7 million in 1H2006.... A 2G arbitration ruling with Samsung could occur over the next two months....IDCC could sign 3G agreements with other top six maufacturers this year." Highly respected Analyst Tom Carpenter reiterates BUY and price target of $34-$39. Aug. 3,2006
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| August 4 , 2006 |
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ANALYST UPDATE
"InterDigital reported 2Q06 results that exceeded the Company's guidance, the consensus estimate, as well as our estimates.... InterDigital's forward-looking philosophy and active involvement in numerous standards bodies should lead to further licensing deals." Reiterates "Market Outperform" and raises share price target to $40 Aug. 3,2006
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July 31, 2006
Additional "best posts" related to this topic:
Posts with a variety of insights on "Risk and Reward" " related to investing in InterDigital. The TWENTY-SEVEN "best posts" (out of 2,300 posts) on the risks and rewards of investing in InterDigital - SINCE THE SHARE PRICE DROP OF EARLY JULY. (Most recent update: July 31)
July 27, 2006
Additional "best posts" related to these topics:
Information and insights by our posters on the important question "How will new technologies affect InterDigital?" (Most recent update: July 26)
Posts with a variety of insights on "Risk and Reward" " related to investing in InterDigital. Has IDCC gone up to far too fast? How much further will it go? (Most recent update: July 25)
Information and insights on Future 3G licensing and royalty revenue Additional reports from June 1st Annual Shareholders Meeting. (Most recent update: July 25)
Nokia: Past and Future Licensing and Royalties Includes information and comments on Nokia-InterDigital litigation in Delaware (Lanham Act) and the UK (3G patent challenge by Nokia).(Most recent update: July 25)
Posts with information and insights about Samsung: Licensing of 2G and 3G (Most recent update: July 25)
Information and insights about TD-SCDMA, the "Chinese Standard" in which InterDigital may have more patents than any other firm worldwide. (Most recent update: June 29 )
| July 14 , 2006 |
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ANALYST UPDATE
Casey Ryan, Nollenberger, reiterates "Buy" recommendation and reiterates $44 share price target.
"A broader agreement with Samsung could be in the works" |
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| July 11 , 2006 |
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ANALYST UPDATE
Frank Marsala, First Albany Capital, reiterates strong buy and reiterates target of $40.
"IDCC shares sold off almost 20% yesterday following a competitor's downgrade. With the IDCC share price at $25.89, we are presenting our valuation case for IDCC shares, and we note that IDCC now trades at a discount to its peers in the intellectual property (IP) space." |
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July 11, 2006
Additional "best posts" related to these topics:
Posts with a variety of insights on "Risk and Reward" " related to investing in InterDigital. Has IDCC gone up to far too fast? How much further will it go? (Most recent update: July 11)
Information and insights on Future 3G licensing and royalty revenue Additional reports from June 1st Annual Shareholders Meeting. (Most recent update: July 4)
Information and insights by our posters on the important question "How will new technologies affect InterDigital?" (Most recent update: July 4)
Information and insights about TD-SCDMA, the "Chinese Standard" in which InterDigital may have more patents than any other firm worldwide. (Most recent update: June 29 )
Nokia: Past and Future Licensing and Royalties Includes information and comments on Nokia-InterDigital litigation in Delaware (Lanham Act) and the UK (3G patent challenge by Nokia).(Most recent update: June 29)
Posts with information and insights about Samsung: Licensing of 2G and 3G (Most recent update: June 29)
| July 4, 2006 |
and
|
Forbes article ("Five Short Squeeze Plays - including IDCC -
Could these five stocks be bear traps?' (July 4th)
and
Investors.com (IBD) article ("Chip, Software Maker (IDCC) Courts A New Identity") (July 3rd)
Articles and related posts in "Risk and Reward - Best Posts" |
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June 28, 2006 WHAT'S NEW? NEW TAB (2nd from left, between HOME PAGE and FOCUS STOCK) in heading of all WirelessLedger pages (see above) to enable quickest access to this "What's New on this Site" page throughout the site. "Real Wealth" will no longer be a TAB on each page but will be described on the home page along with other reports.
June 23, 2006
We are in the process of ARCHIVING older posts in each of the six topics so that pages will load faster.
Completed June 23 Archive (April 28 - June 13th) "How New Tech Will Affect InterDigital"
Completed June 18 - Archive (April 26 - June 3rd) "3G Licensing and Royalties" Best Posts Archive
Completed June 12 - Archive (April 26 - June 4th) "Risk and Reward" Best Posts Archive
June 23, 2006 Real Wealth section. Received five interesting looking books for possible review
PLUS: Continuing work (not visible on site yet) completely reworking and changing format of the Focus Stock Report on InterDigital
| June 19 , 2006 |
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ANALYST UPDATE
Frank Marsala, First Albany Capital, reiterates strong buy and raises target from $35 to $40 based on better market conditions.
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June 18, 2006
We are in the process of ARCHIVING older posts in each of the six topics so that pages will load faster.
Completed June 18 - Archive (April 26 - June 3rd) "3G Licensing and Royalties" Best Posts Archive
Completed June 12 - Archive (April 26 - June 4th) "Risk and Reward" Best Posts Archive
June 16, 2006
Additional "best posts" related to these topics:
Information and insights on Future 3G licensing and royalty revenue Additional reports from June 1st Annual Shareholders Meeting.(Most recent update: June 16 )
Posts with a variety of insights on "Risk and Reward" " related to investing in InterDigital. Has IDCC gone up to far too fast? How much further will it go? Eye witness reports on June 6th Annual Shareholders Meeting, Includes perspectives on management style and potential. Opportunities for major growth. (Most recent update: June 15)
Posts with information and insights about Samsung: Licensing of 2G and 3G (Most recent update: June 15)
Nokia: Past and Future Licensing and Royalties Includes information and comments on Nokia-InterDigital litigation in Delaware (Lanham Act) and the UK (3G patent challenge by Nokia).(Most recent update: June 15)
Information and insights by our posters on the important question "How will new technologies affect InterDigital?" (Most recent update: June 9)
Information and insights about TD-SCDMA, the "Chinese Standard" in which InterDigital may have more patents than any other firm worldwide. (Most recent update: June 6 )
| June 6 , 2006 |
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ANALYST UPDATE
Casey Ryan, Nollenberger, raises target in new report based on higher estimated earnings.
Reiterates Buy Raises target to $44 from $42 |
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 June 5, 2006 ANNUAL SHAREHOLDERS MEETING
Excellent reports from the InterDigital Annual Shareholders Meeting June 1, 2006 are at "Best Posts" Risk and Reward and Future 3G Licensing and Royalties.
| May 24, 2006 |
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ANALYST BRIEF UPDATE
IDCC one of four updated companies in brief new Frank Marsala (First Albany) report
Strong Buy $35 target |
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May 18, 2006 Remodeling of Home Page
Updated exclusive WirelessLedger.com Reports on:
5 Ways to Invest in Wireless
3G: Fact or Fiction
May 17, 2006 Adding logos, pictures, other images to help illustrate text -- especially on home page today.
May 10, 2006 TABS at top of each page have changed. For greater convenience to users, "ANALYSTS" and "BEST POSTS" have replaced the former "ABOUT US" (now lower left column) and "TECH INTRO." (except on this page, which still needs revision )
May 5, 2006
 Transcript of InterDigital Conference Call on 1st Quarter Earnings (May 4, 2006) The future direction of the Company, progress on various fronts (including product development), additional $100 million share buyback and 1st quarter earnings, hosted by an optimistic IDCC Pres/CEO Bill Merritt (above left)
May 7 , 2006
Updating of section on ANALYST COVERAGE , including new reports and beefed up archived reports.
 Tom Carpenter's Hilliard Lyons Updated Analyst Report Reiterates BUY and reiterates $34-$39 target. (May 3, 2006)
April 30, 2006
 Transcript of the InterDigital Conference Call (April 28, 2006) on the newly announced 2G/2.5G $243 settlement with Nokia, hosted by IDCC Pres/CEO Bill Merritt (left)
April 28, 2006   
News Releases and Media Headlines .related to the important news that Nokia has paid InterDigital $253 million for licensing of 2G infrastructure and wireless terminal devices (eg cell phones)
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