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InterDigital Inc

InterDigital Inc (IDCC)

106.46
0.55
(0.52%)
Closed March 29 04:00PM
106.46
0.00
(0.00%)
After Hours: 06:10PM

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Key stats and details

Current Price
106.46
Bid
105.86
Ask
107.14
Volume
387,110
106.26 Day's Range 107.50
66.82 52 Week Range 119.86
Market Cap
Previous Close
105.91
Open
106.32
Last Trade
63
@
106.46
Last Trade Time
Financial Volume
$ 41,311,199
VWAP
106.717
Average Volume (3m)
473,210
Shares Outstanding
25,487,354
Dividend Yield
1.41%
PE Ratio
-
Earnings Per Share (EPS)
-
Revenue
-
Net Profit
-

About InterDigital Inc

InterDigital Inc is a research and development company focused on wireless visual and related technologies. it designs and develops technologies that enable connected immersive experiences in a broad range of communications and entertainment products and services. The company derives revenue from pa... InterDigital Inc is a research and development company focused on wireless visual and related technologies. it designs and develops technologies that enable connected immersive experiences in a broad range of communications and entertainment products and services. The company derives revenue from patent licensing and sales with contributions from technology solutions licensing and sales and engineering services. However the majority of revenue is recurring in nature as it is from current patent royalties and sales as well as technology solutions revenue. Interdigital is focused on two technology areas: cellular wireless technology and Internet of Things technology. Show more

Sector
Patent Owners And Lessors
Industry
Patent Owners And Lessors
Headquarters
Wilmington, Delaware, USA
Founded
1970
InterDigital Inc is listed in the Patent Owners And Lessors sector of the NASDAQ with ticker IDCC. The last closing price for InterDigital was $105.91. Over the last year, InterDigital shares have traded in a share price range of $ 66.82 to $ 119.86.

InterDigital currently has 25,487,354 shares outstanding.

IDCC Latest News

InterDigital to Showcase Innovations in High Definition and Sustainable Video Streaming Alongside Partners at NAB 2024

WILMINGTON, Del., March 26, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, announced plans to showcase their...

InterDigital Declares Regular Quarterly Cash Dividend

WILMINGTON, Del., March 20, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that its Board of...

InterDigital’s Xiaofei Wang Appointed Chair of the IEEE 802.11 Artificial Intelligence and Machine Learning (AIML) Standing Committee

WILMINGTON, Del., March 20, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, applauded the appointment of Xiaofei...

Interdigital to Speak at the 36th Annual Roth Conference

WILMINGTON, Del., March 11, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that the company will...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 144 - Report of proposed sale of securities

="/Images/box-unchecked.jpg" alt="Checkbox not checked">65008/15/2023Not Applicable* If the securities were purchased and full payment therefor was not made in cash at the time of purchase...

InterDigital’s Atle Monrad Elected Chair of 3GPP’s SA6 Working Group

WILMINGTON, Del., March 05, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, announced the election of Atle Monrad...

InterDigital Honors Wireless and Video Innovation Leaders Michael Starsinic and Fabrice Le Léannec as Inventors of the Year

WILMINGTON, Del., Feb. 22, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, annually honors the company’s...

Keysight and InterDigital to Demonstrate AI in 6G Systems at Mobile World Congress 2024

Demonstration of training and operation of artificial intelligence signal processing models inside a 6G physical layer AI models are trained with simulated and real-world data Operation of...

At MWC, InterDigital to Showcase Innovation Empowering Connected Experiences ‘At Work, At Rest, and At Play’

WILMINGTON, Del., Feb. 19, 2024 (GLOBE NEWSWIRE) -- As the boundaries between physical, digital, and virtual worlds are increasingly blurred, InterDigital innovation in wireless, video, and AI...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
11.461.39047619048105107.5104.25301011105.24712014CS
4-1.48-1.37113211043107.94108.6101.9561858104.41869384CS
121.661.58396946565104.8119.86100.855473210106.54154795CS
2626.6833.441965404979.78119.8674.65393005101.64320197CS
5233.5445.995611629272.92119.8666.8236521793.92931962CS
15643.2568.422717924463.21119.8640.2329059476.58570722CS
26041.363.382443216765.16119.8631.0427435969.812986CS

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IDCC Discussion

View Posts
Chill56 Chill56 15 hours ago
Agreed, but every little bit helps.
👍️0
teecee56 teecee56 16 hours ago
chill....that fine and dandy....but with 100 pct institutional ownership that generrally freely lent....not sure it matters....also if held in ira...not "supposed "to be lent out without you signing an hypothication agreement
👍️0
Chill56 Chill56 17 hours ago
I know most of you know this, but if you put your shares up for sale, they can't be lent out to the shorts. I have 99% of my shares up for sale at $200.00
👍️0
teecee56 teecee56 19 hours ago
dws....because of the short interest....the amount of shaes "floating around out there".....is close to 119% of the outstanding shares...those shares are held by longs...lets say...guys like us
👍️0
lumpy3 lumpy3 22 hours ago
one of the 2 reports must be inaccurate
sure hope market watch is right , but that 99.83% institution ownership seems extremely high
if that were the case whats holding this down ?
👍️0
Paullee Paullee 23 hours ago
Top 10
31-Dec-23 inc/dec 30-Sep-23

BlackRock Inc. 4,431,012 -358,817 4,431,012
Vanguard Group 3,342,295 -17,809 3,342,295
Pacer 358,909 358,909 358,909
State Street Corp 1,008,862 -4,029 1,008,862
Dimensional 969,637 -62,279 969,637
Disciplined Growth 677,226 -48,660 677,226
Boston Partners 666,935 -22,583 666,935
Boston Trust 643,899 -1,067 643,899
Geode 556,979 -5,757 556,979
Shannon River 642,265 -373 642,265
👍️0
dws dws 1 day ago
I would guess 74%
👍️0
Gamco Gamco 1 day ago
dws - The last sentence was a "cut & paste" from the article. What do you believe institutional ownership to be now?

https://www.marketbeat.com/instant-alerts/nasdaq-idcc-sec-filing-2024-03-26/
👍️0
dws dws 1 day ago
I beg to differ with the last sentence.
👍️0
Gamco Gamco 2 days ago
Pacer Advisors Inc. Has $125.01 Million Position in InterDigital, Inc. (NASDAQ:IDCC)

Written by MarketBeat
March 26, 2024

Pacer Advisors Inc. raised its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 220.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,151,777 shares of the Wireless communications provider's stock after purchasing an additional 792,868 shares during the period. Pacer Advisors Inc. owned 4.48% of InterDigital worth $125,014,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of IDCC. Norges Bank purchased a new position in InterDigital in the fourth quarter valued at approximately $14,439,000. Marshall Wace LLP purchased a new position in shares of InterDigital in the 2nd quarter valued at $16,076,000. Two Sigma Investments LP purchased a new position in shares of InterDigital in the 1st quarter valued at $6,199,000. Vanguard Group Inc. grew its holdings in shares of InterDigital by 2.2% during the third quarter. Vanguard Group Inc. now owns 3,343,395 shares of the Wireless communications provider's stock worth $268,274,000 after purchasing an additional 72,720 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of InterDigital by 6.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,031,916 shares of the Wireless communications provider's stock worth $75,226,000 after purchasing an additional 65,217 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.
👍️0
badgerkid badgerkid 3 days ago
Short interest for 3/15/24 is 4.73 million shares, down from 4.90 million on 2/29/24. FWIW
👍️0
my3sons87 my3sons87 3 days ago
Gamco thanks for your posts.
👍️0
Gamco Gamco 3 days ago
InterDigital to Showcase Innovations in High Definition and Sustainable Video Streaming Alongside Partners at NAB 2024

Source: GlobeNewswire Inc.

InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, announced plans to showcase their contributions to video streaming and sustainability technologies alongside partners at NAB 2024. As critical contributor to Advanced HDR by Technicolor® solutions and longtime member of the Ultra HD Forum, InterDigital will showcase advancements in high dynamic range (HDR) production, distribution, and display solutions and AI-enhanced energy efficient streaming technologies at NAB 2024, taking place in Las Vegas from April 13 – 17.

Advanced HDR Streaming Solutions
A collaboration between Philips, InterDigital and Technicolor, Advanced HDR by Technicolor® is a suite of HDR solutions that leverage machine learning to maximize image quality and enhance the consumer viewing experience. At NAB, partners InterDigital and Philips will highlight progress in industry adoption of Advanced HDR solutions that support the bandwidth-efficient distribution of HDR content for any type of video streaming service provider or live broadcast production workflow. The solution enables end-to-end HDR and SDR production with a single master workflow and ensures optimal source fidelity on both SDR-to-HDR and HDR-to-SDR conversions. Advanced HDR by Technicolor remains the only solution delivering HDR broadcasts of any content, any time, and anywhere over the ATSC 3.0 NextGen TV stations.

Our contributions to Advanced HDR streaming solutions can be experienced at the ATSC booth at W3056 in West Hall, at the Ultra HD Forum booth at W4007 in West Hall, and by invitation at the Advanced HDR by Technicolor Meeting Room at W2476.

In addition, InterDigital will deliver a presentation as part of NAB’s Broadcast Engineering and IT conference. The session, “HDR-SDR conversion: Live HDR Single Master Production Conversion Interoperability Challenges” will take place on Tuesday, April 16 from 10:00 AM - 10:20 AM PST in room W222-W223.

Sustainable Streaming Solutions
At NAB booth W4007, members of the Ultra HD Forum will showcase current and future-looking solutions and strategies that support the sustainable delivery of Ultra HD content. As a member of the Ultra HD Forum, InterDigital leads and contributes to three of the demonstrations on display, including:

“Pixel Value Reduction in HDR Content” and the ways we leverage InterDigital’s AI expertise to adjust pixel luminance to reduce energy consumption with minimal impact on visual quality.

“Energy Efficient Enhanced Media Streaming” alongside partner ATEME to display the impact of luminance adjustment on energy usage and the strategic insertion of video metadata to enhance content delivery and viewer experiences.

“Viewing Condition Impacts on Display Energy Consumption” alongside collaborator CTOIC to illustrate the influence of ambient lighting on modern TV energy usage.

To register and learn more, please visit the NAB 2024 website here.

About Advanced HDR by Technicolor
A collaboration between Philips, InterDigital and Technicolor, Advanced HDR by Technicolor® is a suite of High Dynamic Range (HDR) production, distribution and display solutions that leverages machine learning (ML) technology to maximize image quality and enhance the consumer viewing experience. There are two major components to Advanced HDR by Technicolor:

The Intelligent Tone Management (ITM) tool provides a dynamic, tunable, real-time solution to up-convert SDR content to HDR with full freedom and flexibility to manage contrast, brightness and color saturation.

The Single Layer HDR (SL-HDR) is a dynamic and tunable real-time tool that implements the ETSI SL-HDR standards to generate and deliver a single, consistent, high-quality broadcast stream starting from any mix of input content (such as live, movies, news) across a wide range of HDR formats (HDR10, HLG, S-LOG3). SL-HDR1 transforms HDR input streams into SDR-plus-metadata streams. SL-HDR compatible receivers provide consumers with high-quality HDR images that can be adapted to optimize the display capabilities of their devices. Thanks to the unique backward compatibility feature of SL-HDR1, consumers who do not have HDR devices can enjoy the highest quality SDR experience.

To learn more about Advanced HDR by Technicolor visit: https://advancedhdrbytechnicolor.com/

About Ultra HD Forum
Founded in 2015, the Ultra HD Forum accelerates Ultra HD adoption by establishing best practices for the future of television. The Forum is a crucible for interoperability testing and standard synchronization.

For more information, please visit https://ultrahdforum.org or @UltraHDForum on LinkedIn.

About InterDigital®
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
        Roya Stephens
        Email: Roya.Stephens@interdigital.com
        Phone: +1 (202) 349-1714

👍️0
Gamco Gamco 3 days ago
InterDigital to Showcase Innovations in High Definition and Sustainable Video Streaming Alongside Partners at NAB 2024

WILMINGTON, Del., March 26, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, announced plans to showcase their contributions to video streaming and sustainability technologies alongside partners at NAB 2024. As critical contributor to Advanced HDR by Technicolor® solutions and longtime member of the Ultra HD Forum, InterDigital will showcase advancements in high dynamic range (HDR) production, distribution, and display solutions and AI-enhanced energy efficient streaming technologies at NAB 2024, taking place in Las Vegas from April 13 – 17.
👍️0
Paullee Paullee 4 days ago
Avanci “very pleased” with 5G progress, but seeking first Chinese licensee
Headline only
👍️0
Gamco Gamco 1 week ago
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF NORTH CAROLINA

WESTERN DIVISION
No. 5:23-cv-00493-FL

INTERDIGITAL, INC.,
INTERDIGITAL VC HOLDINGS, INC.,
INTERDIGITAL PATENT HOLDINGS,
INC., and INTERDIGITAL MADISON
PATENT HOLDINGS SAS,
Plaintiffs,
v.
LENOVO GROUP LIMITED,
LENOVO (UNITED STATES) INC.,
MOTOROLA MOBILITY LLC, and
LENOVO PC HK LIMITED,
Defendants.

JURY TRIAL DEMANDED

LENOVO’S NOTICE REGARDING A PARTIAL STAY PENDING ARBITRATION

For purposes of full disclosure and to preserve judicial resources, Defendants Lenovo
(United States) Inc., Lenovo PC HK Limited, and Motorola Mobility LLC (collectively,
“Lenovo”) hereby provide notice that in the co-pending proceeding before the International
Trade Commission (“ITC”), they have moved the Administrative Law Judge (“ALJ”) for an
order terminating the USITC Investigation with respect to three of the five asserted patents that
are also at issue in this case—U.S. Pat. Nos. 10,250,877 (the “’877 patent”), 8,674,859 (the
“’859 patent”), and 9,674,556 (the “’556 patent”) (the “Arbitral Patents”). Lenovo provides
further notice that, contingent upon the ALJ terminating the USITC Investigation in the ITC as to
the Arbitral Patents, Lenovo also intends to seek a partial stay of this litigation as to the same

Case 5:23-cv-00493-FL Document 79 Filed 03/20/24 Page 1 of 3

2

patents here. As this notice seeks to explain, such a stay would implicate Lenovo PC HK
Limited’s pending motion for judgment on the pleadings. See ECF No. 69.
On March 12, 2024, Lenovo moved to partially terminate the co-pending International
Trade Commission Investigation, Ex. A., captioned In the Matter of Certain Electronic Devices,
Including Smartphones, Computers, Tablet Computers, And Components Thereof, Inv. No. 337-
TA-1373 (U.S.I.T.C. Sep. 2023) (the “1373 Investigation”), which involves the ’877, ’859, and
’556 patents asserted in this litigation. Lenovo filed its termination motion in response to
recently produced documents from Plaintiffs, and a prior settlement agreement between Plaintiff
and Defendant that—in Defendant’s view—requires the parties to resolve disputes over the
Arbitral Patents through negotiation and arbitration.
If the administrative law judge enters an order terminating in part the 1373 Investigation
for arbitration, Lenovo hereby provides notice that it intends to seek a stay of this litigation with
respect to the ’877, ’859, and ’556 patents pending resolution of that arbitration. Lenovo does
not intend, however, to seek a stay of this litigation with respect to the other two asserted patents
not subject to the arbitration agreement—U.S. Pat. Nos. 9,173,054 (the “’054 patent”) and U.S.
8,737,933 (the “’933 patent”).
Lenovo’s potential future stay request would implicate the portion of Lenovo PC HK
Limited’s pending motion for judgment on the pleadings that the ’877 patent is ineligible under
35 U.S.C. § 101, but it would not implicate the portions of the motion asserting that the ’054 and
the ’933 patents are invalid for claiming patent-ineligible subject matter under 35 U.S.C. § 101.
See ECF No. 69.1

1 Lenovo PC HK Limited’s motion was filed on February 23, 2024. Plaintiffs’ response
to that motion was filed on Friday, March 15, 2024, and Lenovo’s reply is due on March 29,
2024.

Case 5:23-cv-00493-FL Document 79 Filed 03/20/24 Page 2 of 3

3

Date: March 20, 2024 /s/ Raymond M. Bennett

Raymond M. Bennett (NC Bar No. 36341)
WOMBLE BOND DICKINSON (US)
LLP
555 Fayetteville Street, Suite 1100
Raleigh, NC 27601
Telephone: 919-755-2158
Facsimile: 919-755-6068
Ray.Bennett@wbd-us.com
Jacob S. Wharton (NC Bar No. 37421)
WOMBLE BOND DICKINSON (US)
LLP
One West 4th St.
Winston-Salem, NC 27601
Telephone: 919-747-6609
Jacob.Wharton@wbd-us.com
Adam Shartzer
FISH & RICHARDSON P.C.
1000 Maine Ave SW
Washington, D.C. 20024
Telephone: 202-626-6380
shartzer@fr.com
Special Appearance Pursuant to L.R. 83.1
Jack R. Wilson IV
FISH & RICHARDSON P.C.
1000 Maine Ave SW
Washington, D.C. 20024
Telephone: 202-626-6415
jwilson@fr.com
Special Appearance Pursuant to L.R. 83.1
Forthcoming
Attorneys for Defendants
Lenovo Group Limited
Lenovo (United States) Inc.
Motorola Mobility LLC
👍️0
Gamco Gamco 1 week ago
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF NORTH CAROLINA

WESTERN DIVISION
NO. 5:23-cv-00493-FL

INTERDIGITAL, INC.,
INTERDIGITAL VC HOLDINGS,
INC., INTERDIGITAL PATENT
HOLDINGS, INC., and
INTERDIGITAL MADISON
PATENT HOLDINGS SAS,
Plaintiffs,
v.
LENOVO (UNITED STATES) INC.,
MOTOROLA MOBILITY LLC, AND
LENOVO PC HK LIMITED,

Defendants.

)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
JURY TRIAL DEMANDED

JOINT CLAIM CONSTRUCTION STATEMENT

Pursuant to Local Patent Rule 304.3 and the Court’s Case Management Order (Dkt. 33) in
the above-captioned case, Plaintiffs InterDigital, Inc., InterDigital VC Holdings, Inc., InterDigital
Patent Holdings, Inc., and InterDigital Madison Patent Holdings SAS’s (collectively, “Plaintiffs”
or “InterDigital”) and Defendants Lenovo (United States) Inc., Motorola Mobility LLC, and
Lenovo PC HK Limited (collectively, “Defendants” or “Lenovo”) hereby provide their Joint Claim
Construction Statement. In particular, the Parties herein identify proposed constructions of each
claim term, phrase, or clause which they have collectively identified for claim construction
purposes. A table containing the Parties’ proposed constructions and intrinsic evidence of each
construction is attached as Appendix A. The Parties also herein provide an identification of

Case 5:23-cv-00493-FL Document 78 Filed 03/18/24 Page 1 of 5

- 2 -

extrinsic evidence to support their proposed constructions. InterDigital’s identification of extrinsic
evidence is attached hereto as Appendix B. Lenovo’s identification of extrinsic evidence is
attached hereto as Appendix C. The Parties each reserve the right to rely on intrinsic and extrinsic
evidence relied upon by the other party.
The Parties anticipate that the claim construction hearing will require no more than 6 hours.
The Parties reserve the right, but do not intend, to call any experts for live testimony. The Parties
may submit declarations from their identified experts explaining the technological background for
the ’877, ’859, and ’556 Patents, a description of how a person of ordinary skill in the art would
understand the disputed claim terms, and the identification of the function and structure, if any,
associated with the terms subject to means-plus-function treatment, which are identified in
Appendix A hereto.

Dated: March 18, 2024

Respectfully Submitted,
/s/ Jack R. Wilson, IV
Raymond M. Bennett (NC Bar No. 36341)
WOMBLE BOND DICKINSON (US) LLP
555 Fayetteville Street, Suite 1100
Raleigh, North Carolina 27601
Telephone: 919-755-2158
Facsimile: 919-755-6068
Ray.Bennett@wbd-us.com
Jacob S. Wharton (NC Bar No. 37421)
WOMBLE BOND DICKINSON (US) LLP
One West 4th St.
Winston-Salem, North Carolina 27601
Telephone: 919-747-6609
Jacob.Wharton@wbd-us.com
Adam Shartzer

/s/ M. Scott Stevens
M. Scott Stevens
NC State Bar No. 37828
Kirk T. Bradley
NC State Bar No. 26490
ALSTON & BIRD LLP
Vantage South End
1120 South Tryon Street, Suite 300
Charlotte, NC 28203
Telephone: 704-444-1025
Fax: 704-444-1935
scott.stevens@alston.com
kirk.bradley@alston.com
Philip C. Ducker
CA State Bar No. 262644
Katherine G. Rubschlager

Case 5:23-cv-00493-FL Document 78 Filed 03/18/24 Page 2 of 5

- 3 -

FISH & RICHARDSON P.C.
1000 Maine Ave SW
Washington, D.C. 20024
Telephone: 202-626-6380
shartzer@fr.com
Special Appearance Pursuant to L.R. 83.1
Jack R. Wilson IV
FISH & RICHARDSON P.C.
1000 Maine Ave SW
Washington, D.C. 20024
Telephone: 202-626-6415
jwilson@fr.com
Special Appearance Pursuant to L.R. 83.1
Attorneys for Lenovo (United States) Inc.,
Motorola Mobility LLC, and
Lenovo PC HK Limited

CA State Bar No. 328100
ALSTON & BIRD LLP
560 Mission Street, Suite 2100
San Francisco, CA 94105
Telephone: 415-243-1000
Fax: 415-243-1001
phil.ducker@alston.com
katherine.rubschlager@alston.com
Special Appearance Pursuant to L.R. 83.1
Forthcoming
Ryan W. Koppelman
CA State Bar No. 290704
ALSTON & BIRD LLP
333 S. Hope St., 16th Floor
Los Angeles, CA 90071
Telephone: (213) 576-1000
Facsimile: (213) 576-1100
ryan.koppelman@alston.com
Special Appearance Pursuant to L.R. 83.1
Forthcoming
Neal A. Larson
GA State Bar No. 599069
TX State Bar No. 24106190
ALSTON & BIRD LLP
1201 West Peachtree Street
Atlanta, GA 30309
Telephone: (404) 881-7000
Facsimile: (404) 881-7777
neal.larson@alston.com
Special Appearance Pursuant to L.R. 83.1
Forthcoming
Jenny J. Wang
NC State Bar No. 61255
ALSTON & BIRD LLP
555 Fayetteville Street, Suite 600
Raleigh, NC 27601
Telephone: (919) 862-2200
Facsimile: (919) 862-2260
jenny.wang@alston.com
Attorneys for Plaintiffs
InterDigital, Inc. InterDigital
👍️0
Monterey2000 Monterey2000 1 week ago
InterDigital Declares Regular Quarterly Cash Dividend
InterDigital Declares Regular Quarterly Cash Dividend
Company Release - 3/20/2024
WILMINGTON, Del., March 20, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per share on its common stock, payable on April 24, 2024, to shareholders of record at the close of business on April 10, 2024.

About InterDigital®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

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IDCC Declares Dividend
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my3sons87 my3sons87 1 week ago
Thanks
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dws dws 1 week ago
On IDCC site.
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my3sons87 my3sons87 1 week ago
Since AI is the new big thing for the investment market IDCC should be highlighting AIML to the investing public
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my3sons87 my3sons87 1 week ago
DWS where did you find the IDCC story you posted?
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dws dws 1 week ago
InterDigital’s Xiaofei Wang Appointed Chair of the IEEE 802.11 Artificial Intelligence and Machine Learning (AIML) Standing Committee
Company Release - 3/20/2024
Newly established Standing Committee dedicated to studying the integration of AIML and Wi-Fi technologies
WILMINGTON, Del., March 20, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, applauded the appointment of Xiaofei Wang to serve as Chair of the IEEE 802.11 Standing Committee on Artificial Intelligence and Machine Learning (AIML). Xiaofei previously served as Chair of the IEEE 802.11 Topic Interest Group on AIML.

IEEE 802.11 is the working group dedicated to standards for wireless local area networks (WLAN). The Working Group recently approved the creation of an AIML Standing Committee dedicated to reviewing and describing use cases for AIML in IEEE 802.11 based Wi-Fi systems, investigating and analyzing applications and feasibility of new AIML features, generating periodic reports, and leading other engagements regarding AIML-related standards activities.

“Congratulations to Xiaofei on this important recognition and his continued leadership in both the field of AIML and IEEE 802.11 standards development,” said InterDigital’s Chief Technology Officer Rajesh Pankaj. “We feel confident in Xiaofei’s skill and expertise in guiding critical discussions and exploring the opportunities and potential for AIML in Wi-Fi.”

In addition to chairing the AIML standing committee, Xiaofei served as secretary for the IEEE 802.11 Enhanced Broadcasting Service Task Group (IEEE 802.11 TGbc). He has been recognized for this role and his significant contributions on power-efficient broadcasting and comment resolution with an IEEE 802.11 TGbc Leadership Award.
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jealmc79 jealmc79 1 week ago
“Well it seems like now most of the upward gyrations of the IDCC stock price involving the convertibles notes are now over”

I believe you are wrong. The upward gyration should start after the notes are converted and before the warrants expire. Should also be some short covering at that same time associated with the converts.
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Monterey2000 Monterey2000 1 week ago
Well it seems like now most of the upward gyrations of the IDCC stock price involving the convertibles notes are now over, so now its back to the fundamentals of the business, signing new and renewing licenses. This unfortunately has to include positive litigation outcomes. Links to My3sons and Gamco's posts of what would help move the stock price higher. I am hopeful for these and other positive outcomes sooner than later.

my3sons post
Gamco's post
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jealmc79 jealmc79 1 week ago
“”did it pay for itself" ?.”

I don’t see how. I guess your math is different than mine. As long as you’re happy, I guess, that’s all that counts.
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teecee56 teecee56 1 week ago
jeal..."did it pay for itself" ?....id say at the current moment in time....yes..the hedges paid off....1 year ago ..NO....2 years from now WTFknows...
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Gamco Gamco 2 weeks ago
I listened to the IDCC presentation that Mr. Chen did at The Roth Conference this afternoon. It was an audio only presentation and is available for replay. The video compression has a lot of potential but Leren was vague as to when that could hit the bottom line and I can understand why. I did not pick up any other new information.
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jealmc79 jealmc79 2 weeks ago
“In the end, will it have made money for the company?”

No, looks like a big waste of time and cash to me. It also doesn’t look like it was needed to buy back the stock either. The company already appears to have had enough cash of their own to do that. It also probably facilitated a lot of the short sales. If this was done to facilitate a bunch of dilution like some guys on here want to believe then why are they bothering to buy shares back if all they really want to do is dilute shares. Do they just like buying shares back at prices higher than they sold them at?
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jealmc79 jealmc79 2 weeks ago
There will be no dilution unless the warrants finish in the money. The converted notes and exercised calls cancel each other out. Look at the chart in the 10k. It’s plain as day.
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teecee56 teecee56 2 weeks ago
jeal...the whole trade was constructed around hedging out dilution from conversion when the stock price moves beyond the stated conversion price on the notes....since the price of the stock is well beyond the stated conversion price at this point....im sure the trade was created with this scenario in mind if early conversion occurred....and can be "deconstructed" in a orderly manner....which we might have seen some of already
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scooby5 scooby5 2 weeks ago
I really don’t understand the purpose of these moves. I thought that the company had borrowed the money for expansion or acquisitions. In the end, will it have made money for the company?
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jealmc79 jealmc79 2 weeks ago
If the 2027 notes were converted around the $102 range then IDCC would owe the note holders about 1.4 million shares, after paying the $460 million principal back, but would turn around and get the same number of shares back by exercising the call options. The warrants are not in the money currently. I don’t know what it would cost IDCC to buy them back. I doubt IDCC wants those warrants sitting out there for 3 more years after the notes and calls are settled. I don’t really know when the warrants are supposed to expire though or if the expiration would be affected by converting the notes early.

The rest of the 2024 notes would involve about 350,000 shares doing the same swap at that same share price. The 2024 warrants, being currently out of the money, will expire sometime in the next 3-5 months or so if not repurchased by IDCC.
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teecee56 teecee56 2 weeks ago
vegas...im gonna stick with the theory that it involves the converts....the options that idc holds as part of the antidultion hedge....are privately written by a third party....and are not exchanged traded....and could have been part of this transaction....remember....the converts are actually being converted by the holders....at much lower prices....its very interesting trying to track all the moving parts of the convert transaction
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badgerkid badgerkid 2 weeks ago
Gamco, the toll that old age is taking isn't a problem, I usually forget sometime during each day just how bad it is.

Good luck.
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vegas options vegas options 2 weeks ago
teecee56, The price was $102.59 for 1.397M shares, 1.403 M shares , 51K shares and a bunch of smaller trades. It was off exchange so it could be anything. The share price is lower than the conversion. It is also possible that the company bought them as they did almost 2 years ago from a hedge fund.
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Gamco Gamco 2 weeks ago
badgerkid - Thank you. I see now that I misposted the dates also. Old age is taking a toll!
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badgerkid badgerkid 2 weeks ago
Vegas, I'm with Teecee, is there any indication of the share price on all of those trades?

Thanks.
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badgerkid badgerkid 2 weeks ago
Gamco, thanks. I did report those numbers on this board on 3/11. Here's the quick guide to reporting dates for short interest:

https://www.nasdaqtrader.com/trader.aspx?id=shortintpubsch

For example, 3/15 short interest totals will be available for viewing on 3/26.
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teecee56 teecee56 2 weeks ago
vegas ..was ther a price on that report?
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teecee56 teecee56 2 weeks ago
that has to have something to do with the converts as far as im concerned...what is total amount of converts?
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my3sons87 my3sons87 2 weeks ago
Triple witching was an active share day.
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Gamco Gamco 2 weeks ago
As of 2/29, IDCC short interest is 4.9 M, up from 4.52 M on 2/15
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vegas options vegas options 2 weeks ago
2.95M shares were reported to the ADF as off exchange trades.
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vegas options vegas options 2 weeks ago
Today's volume almost 3.6M shares.....
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jealmc79 jealmc79 2 weeks ago
Doesn’t make much sense for IDCC to be buying now. Would only cause the warrants to be in the money more which kinda defeats the purpose of the buyback don’t you think.
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scooby5 scooby5 2 weeks ago
Where is that buyback program? Unbelievable that they have brought the price back down to where we were before blowout earnings and updated guidance.
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Gamco Gamco 2 weeks ago
Summary provided by Co-pilot:

Certainly! Here’s a summary of the court order:

Title: Order on Motion to Dismiss for Failure to State a Claim and Order on Motion to Strike

Context: The court considered plaintiffs’ motion to dismiss. As a general rule, an amended pleading supersedes the original and renders it legally ineffective. Defendants Lenovo (United States) Inc. and Motorola Mobility filed amended answer and counterclaims after plaintiffs’ motion. The court denied the motion as moot. However, if plaintiffs file a renewed motion to dismiss regarding count III of amended counterclaims, the parties may rely on their prior briefs instead of refiling them1.

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Gamco Gamco 2 weeks ago
Summary provided by Gemini (previously Google Assistant):

The court order denies the plaintiff's motion to dismiss because the defendants filed amended pleadings that render the motion irrelevant. The order also allows the plaintiff to re-file a motion to dismiss a specific count in the amended counterclaims, with simplified briefing procedures.
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FISH21049 FISH21049 2 weeks ago
So what does this mean? any lawyers that might e able to shed light of are we now out of luck?
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