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Digest of Current MEDIA
reports and articles on our Focus Stock: InterDigital (IDCC
November 15, 2011 VIDEO MPartners' mobile tech analyst Ron Shuttleworth discusses InterDigital on Canadian TV business channel BNN InterDigital is one of three recommended stocks. Acquisition taking time as patents are reveiewed.
November 14, 2011 John Paulson's 10 Best New Investment Ideas "Paulson picked up 3 million shares of InterDigital in the third quarter, which was worth about $140 million as of Sept. 30."
November 11, 2011 InterDigital's Patents Are Reasons to Buy Christopher Versace:" The bottom line is that assets like those found at InterDigital are scarce, and I would recommend that investors scoop up shares at current levels, as prospects for significant upside remain". Real Money Pro
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
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.
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 companies patents. Forbes
September 23, 2011 4 Star Stocks Poised to Pop: InterDigital Has most desirable patent portfolio. Market cap under $3 billion could potentially be worth $20 billion. Tremendous potential... maybe over 500%. Motley Fool
September 23, 2011 Is InterDigital the Only Patent Play Left? a single company or a group. Wide range to patents (2G, 3G, 4G, IEEE-802) In the news a lot lately. Where there is smoke there is usually fire. Benzinga
September 22, 2011 VIDEO MPartners' mobile tech analyst Ron Shuttleworth discusses InterDigital on Canadian TV business channel BNN InterDigital one of few patent troves available for acquisition. Share price worth over $100
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.
September 21, 2011 Essential LTD in Focus as Smartphone Patent Wars Heat Up If Apple were to acquire InterDigital's solid LTE patent portfolio, it would create the strongest smartphone intellectual property portfolio, allowing Apple ... International Business Times
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
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)."
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
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 - editor), Bloomberg
August 25, 2011 InterDigital Case against ZTE, Hauwei Gets Trade Agency Review ITC agrees to investigate IDCC patent infringement complaint seeking to block Nokia, ZTE and Hauwei from importing phones into U.S. Bloomberg
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
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
August 19, 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
August 18, 2011 VIDEO MPartners' mobile tech analyst Ron Shuttleworth discusses InterDigital on Canadian TV business channel IDCC patents will be weapons for suitors. Share price target $118
August 18, 2011 InterDigital Seen as a Defensive Weapon Against Google Patent Juggernaut If either Apple or Quakcom acquires InterDigital, Google may end up owing it more than it owes Google Read Write Enterprise
August 17, 2011 IDCC: A Crown Jewel to be had in the Growing Patent War There are ample suitors for InterDigital's patent pool which is not only solid in 3G but evgen stronger in 4G. Suggest MMI shareholders sell and buy IDCC instead. Versace: Thematic Investor
August 17, 2011 InterDigital Shares Surge on Report Saying Qualcomm, Nokia Considering Bid The shares have surged 70% since Company announced July 19 it was exploring potential sale. Bloomberg
August 17, 2011 Samsung's Chairman Lee Eyes Deals to Boost Software Prowess Asked management to seek measures including acquisitions Reuters
August 15, 2011 CNBC VIDEO Ocean Tomo's Jim Malackowski's interview. 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
August 10, 2011 Patent Wars Heat Up as Google Courts InterDigital " InterDigital is crucial for Google's lagging patent portfolio" FORBES
August 8, 2011 Is Google Gunning for the Right Patents vs. Apple, Microsoft? " InterDigital ... includes not only a a sizable patent portfolio but a research and development group ... that produces many hundreds of new patent applications. With these patent researchers, Apple, Google or Microsoft could accelerate the pace at which they obtain new patents." Mobile News
August 8, 2011 Potential InterDigital Buyout by Samsung "Analysts ... value InterDigital at approximately $5 billion ($100/share -ed) with the potential to increase if Google, Apple, or Microsoft (NASDAQ: MRFT) decides to make an offer." Benznga
August 4, 2011 IDCC may fetch $5 billion. Its patents "deeper and stronger" than Nortel's. Bloomberg
August 3, 2011 VIDEO Levy on Google, includes interview on InterDigital's business model and share appreciation. Bloomberg Clip Syndicate
August 3, 2011Washington Post
August 1, 2011 InterDigital on the Block Wireless/DSP Newsletter
July 26, 2011 InterDigital Sues To Seek Block Of 3G Device Imports Fox News
July 21, 2011 WSJ: Google in Talks to Buy InterDigital Reuters
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Look here on IHub for up to date information and commentary on InterDigital that you will not find anywhere else
Digest of RECENT EVENTS
(Most recent events are last in order)
Auction of bankrupt Nortel patents brought mind-boggling $4.5 billion, establishing wireless patents as far more valuable than previously thought MORE.
InterDigital announces it could be acquired. Stock surges. MORE
WSJ reports Google is in talks with
InterDigital re: possible acquisition. MORE
Apple and Google may be vying to aquire patent-rich InterDigital MORE
InterDigital sues patent infringing Nokia, Huawei, ZTE
to ban their imports MORE
Bloomberg reports Samsung also in talks with InterDigital, as Google and Apple discuss possible IDCC acquisition MORE
On January 13, 2011 the CAFC heard a very important appeal that could force Nokia, via an embargo of its products, to pay InterDigital, our FOCUS STOCK, a half billion or more dollars.
Immediately after the hearing concluded, the IDCC share price rose strongly on very heavy volume, leading observors to conclude that investors closely following thie CAFC legal action believed IDCC would win this case.
(Aug. 6) Since it has been over six months since the hearing, observors are expecting a ruling in the near future.
Make your own judgment on how the court will rule by reading NukeJohn's careful analysis as well as the three "Reply Briefs" the parties have filed in prep for this hearing:
Get a handle on wireless tech before you invest
Understanding Intellectual Property
The Standards Setting Process
Financial Planner cautions "Great Wealth will not equal happiness".
November - December
of InterDigital (IDCC)
Find their analyst reports exclusively here on WirelessLedger.com
November 9, 2011 M Partners Ron Shuttleworth Analyst Report "Morning Note" We Can't Seem to Shake Our Takeout Target. Rating: BUY Target $118. "So here is the wildcard--InterDigita;'s price range may be much higher that our target, which casts new light on complaints by poential interested parties regarding price. ..... The 'walkaway'' (entire enterprise) price range may be much higher than the market believes. The good news is that interested parties still appear to be above the "walkaway" price, otherwise the Company would have concluded the process by now."
October 27, 2011 M Partners' Ron Shuttleworth Analyst Morning Note
Q3'11 Earnings Results Exceed Expectations. BUY rating and target price of $118 continues.
Regardless of the status of the process currently being managed by Evercore and Barclays , management continues to operate business as usual and is creating incremental value that interested parties should notice. The company has highlighted faster than expected adoption of LTE technology, while re-iterating its “leading position” in LTE.
Why LG Has Suddenly Been Added to the IPR Litigation. Remains BUY and target remains at $118.
IDCC's actions here reinforce that the process continues and Company is willing to take steps to satisfy potential acquirers.
October 3, 2011 M Partners' Ron Shuttleworth Analyst Morning Note InterDigital Undervalued Relative to Other Patent Portfolios
September 27, 2011 M Partners' Ron Shuttleworth Analyst Morning Note Process Continues. Stock Fundamentally Undervalued The company continues to explore multiple strategic options, which include the sale
September 26, 2011 M Partners Ron Shuttleworth Intra-Day Analyst Report DealReporter Rumour Company Says Process Continues Essence of the rumor report is described. IDCC indicates it would not put its patents up for sale unless it felt they were worth substantially more than fundamental value of the Company. MPartners puts that worth at $65 a share. This is buying opportunity. Target remains at $118.
September 23, 2011 M Partners Ron Shuttleworth Analyst Report "Morning Note" IDCC Announces Technology Conference Participation. Its still "business as usual" Event has no bearing on Evercore/Barclay acquisition process.
September 22, 2011 M Partners Ron Shuttleworth Analyst Report "Morning Note" BOD Declares Regular Quarterly Dividend. Dividend declaration does not impact acquisition process.September 16, 2011 M Partners Ron Shuttleworth Analyst Report "Morning Note" Google may have been forced to buy Motorola. Rating: BUY Target $118. New proxy statement indicates that MMI was acquired for neither its operating capabilities, nor its patents, but to prevent it from “going rogue” and damaging the Android ecosystem. Google still needs patents.
From the "Morning Note" of August 26, 2011
Rating: BUY 12 month target share price: $118 (raised from $65 in July)
International Trade Commission (ITC) agrees to investigate IDCC patent infringement complaint seeking to block Nokia, ZTE and Hauwei from importing phones into U.S.
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
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 InterDigital IP as a weapon, the portfolio is worth between $118 and $167.
August 3 ,2011 Intra-Day Report Samsung evaluating possible acquisition of IDCC. Importance of 180 engineers in deal. BUY $118
July 28, 2011 Morning Note IDCC cancels conference calls due to potential sale of Company Buy Target $118
July 25, 2011 Morning Note Analyst raises target price from $65 to $118 Buy Target $118
Process Ongoing Overweight continuees but target lowered from $55 to $45.
July 28, 2011 Earnings and "Conf call cancelled" news Overweight Target $55 (but under review. Barclays is assisting with potential buyout of IDCC)
October 27, 2011 Core Business Declines While Sale Process Continues Rating continues "neutral." Target n/a
Sale process drags on as consortiums are given time to form. Portfolio encumbrancies limit upside
July 28, 2011 Earnings and Conf call suspended due to potential sale of Company Neutral Target: NA (Davenport has remained neutral throughout the past 12 months)
This could be your best
Summer 2011 investment...
may be a prime cash cow for the
summer-fall of 2011
Read WirelessLedger's exclusive and comprehensive guide for investor research on this relatively unknown mid-cap company. IDCC owns patented technology essential to 100% of the wireless devices and infrastructure on the market today.
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(InterDigital Communications Corp) (Nasdaq:IDCC
Is stock technical analysis helpful to you? "Clay Trader" of Bull Warrior provides excellent VIDEO analysis of InterDigital share price trends It's free.
"IDCC is maintaining strength in this very, very bearish market"
(Note: This was aired before IDCC announced the Company is for sale and the share price rose 50%)
Jim Cramer deftly analyzes InterDigital in a network TV Mad Money segment on Dec. 17th 2010.
Continue your IHub research with this excellent
the WirelessLedger current Focus Stock
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Archived to Spring 2009
InterDigital Communications Corporation