InterDigital Inc (IDCC) Quote

InterDigital Announces Date for First Quarter 2024 Financial Results
Company Release - 4/19/2024
WILMINGTON, Del. , April 19, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that the company will release its first quarter 2024 financial results before the market open on Thursday, May 2, 2024.

InterDigital executives will host a conference call that same day at 10:00 a.m. Eastern Time (ET) to discuss the company performance.

For a live webcast of the conference call visit www.interdigital.com and click on the “Webcast” link on the Investors page. The company encourages participants to take advantage of the webcast option.

For telephone access to the conference call, visit www.interdigital.com and click on the “Dial-In Registration” link on the Investors page. Registration is necessary to obtain a dial-in phone number and PIN to join.

A replay of the conference call will be available on InterDigital’s website under Events in the Investors section. The replay will be available for one year.

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:
investor.relations@interdigital.com
+1 (302) 300-1857

IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF NORTH CAROLINA
WESTERN DIVISION
INTERDIGITAL INC., INTERDIGITAL VC
HOLDINGS, INC., INTERDIGITAL PATENT
HOLDINGS, INC., AND INTERDIGITAL
MADISON PATENT HOLDINGS SAS,
Plaintiff,
vs.
LENOVO (UNITED STATES) INC.,
MOTOROLA MOBILITY LLC, AND
LENOVO PC HK LIMITED,
Defendants.
Civil Action No. 5:23-CV-004930FL
JOINT NOTICE
Plaintiffs Interdigital, Inc., Interdigital VC Holdings, Inc., Interdigital Patent Holdings, Inc.,
and Interdigital Madison Patent Holdings SAS (collectively, “Plaintiffs” or “Interdigital”) and
Defendants Lenovo (United States) Inc., Motorola Mobility LLC, and Lenovo PC HK Limited
(collectively, “Defendants” or “Lenovo”), by counsel, respectfully submit this Joint Notice and
hereby state as follows:
1. On February 23, 2024, Defendant Lenovo PC HK Limited moved for Judgment on
the Pleadings that U.S. Patent Nos. 9,173,054, 8,737,933, and 10,250,877 are directed to patentineligible subject matter under 35 U.S.C. § 101. ECF No. 69. Lenovo PC HK Limited noted that
the other two defendants—Lenovo (United States) Inc., and Motorola Mobility LLC—would join
the motion once the pleadings closed and InterDigital’s motion to dismiss Count III of Lenovo’s
counterclaims resolved. Id. at 2 n.1. The pleadings closed on March 15, 2024. ECF No. 77. The
Court denied InterDigital’s motion to dismiss on March 25, 2024. ECF No. 81.
Case 5:23-cv-00493-FL Document 91 Filed 04/15/24 Page 1 of 4
2
2. On April 15, 2024, Lenovo (United States) Inc., and Motorola Mobility LLC moved
for Judgment on the Pleadings that U.S. Patent Nos. 9,173,054, 8,737,933, and 10,250,877 are
directed to patent-ineligible subject matter under 35 U.S.C. § 101 on the same basis as Lenovo PC
HK Limited’s prior motion. ECF No. 90.
3. To avoid burdening the Court and the parties with identical briefing on this motion,
the parties hereby stipulate they will rely upon their briefs and exhibits thereto associated with
Lenovo PC HK Limited’s motion (ECF No. 69) in lieu of refiling briefs.
Dated: April 15, 2024 /s/ M. Scott Stevens
M. Scott Stevens
NC State Bar No. 37828
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
Philip C. Ducker
CA State Bar No. 262644
Katherine G. Rubschlager
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 (Pro Hac Vice)
California State Bar No. 290704
ryan.koppelman@alston.com
ALSTON & BIRD
333 South Hope Street
Los Angeles, CA 90071
Case 5:23-cv-00493-FL Document 91 Filed 04/15/24 Page 2 of 4
3
Telephone: (213) 576-1100
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
CA State Bar No. 328002
ALSTON & BIRD LLP
555 Fayetteville Street, Suite 600
Raleigh, NC 27601
Telephone: (919) 862-2200
Facsimile: (919) 862-2260
jenny.wang@alston.com
Special Appearance Pursuant to L.R. 83.1
Forthcoming
Attorneys for Plaintiffs InterDigital, Inc.
InterDigital VC Holdings, Inc., InterDigital Patent
Holdings, Inc., and InterDigital Madison Patent
Holdings SAS
/s/ Raymond M. Bennett
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
Case 5:23-cv-00493-FL Document 91 Filed 04/15/24 Page 3 of 4
4
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

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.
)
)
)
)
)
)
)
)
)
)
)
)
)
)
MOTION FOR JUDGMENT ON
THE PLEADINGS
Fed. R. Civ. P. 12(c)
DEFENDANTS LENOVO (UNITED STATES) INC. AND MOTOROLA MOBILITY
LLC’S MOTION FOR JUDGMENT ON THE PLEADINGS PURSUANT TO FED. R.
CIV. P. 12(C)
InterDigital, Inc., InterDigital VC Holdings, Inc., InterDigital Patent Holdings, Inc., and
InterDigital Madison Patent Holdings SAS (collectively, “InterDigital” or “Plaintiffs”) accuse
Defendants Lenovo (United States) Inc., Motorola Mobility LLC, and Lenovo PC HK Limited
(“Lenovo HK”) of infringing five patents. Second Amended Complaint, ECF No. 64 ¶ 2. At
least three of these patents are directed to patent-ineligible subject matter under 35 U.S.C. § 101.
Namely, the claims of U.S. Pat. No. 9,173,054 (“the ’054 patent”), and U.S. Pat. No. 8,737,933
(“the ’933 patent”) embody the abstract idea of wirelessly transferring data (Alice, Step One).
The claims also lack an inventive concept sufficient to make the claims patent eligible (Alice,
Step Two). The claims of the third patent, U.S. Pat. No. 10,250,877 (“the ’877 patent”), embody
the abstract idea of encoding and decoding image data, where the abstract idea is achieved by
using mathematical equations. These claims also lack an inventive concept. Consequently,
Case 5:23-cv-00493-FL Document 90 Filed 04/15/24 Page 1 of 3
ii
pursuant to Fed. R. Civ. P. 12(c), Lenovo (United States) Inc. and Motorola Mobility LLC move
the Court for a judgment on the pleadings that the ’054, ’933, and ’877 patents are patent
ineligible under 35 U.S.C. § 101, and, therefore, that they are invalid.
The parties are concurrently filing a Joint Notice stipulating they will rely upon their
briefs and exhibits thereto associated with Lenovo PC HK Limited’s motion (ECF No. 69) in lieu
of refiling briefs. The grounds for this motion are set forth more fully in the briefs and exhibits
thereto associated with Lenovo PC HK Limited’s motion.
This 15th day of April 2024.
/s/ Raymond M. Bennett _
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
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
Case 5:23-cv-00493-FL Document 90 Filed 04/15/24 Page 2 of 3
iii
Special Appearance Pursuant to L.R. 83.1
Attorneys for Lenovo (United States) Inc.,
Motorola Mobility LLC, and
Lenovo PC HK Limited

InterDigital and Concordia University Announce Research Collaboration on AI-enabled Immersive Media Delivery over 5G Networks
Company Release - 4/15/2024
WILMINGTON, Del., April 15, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, and Concordia University’s Intelligent Next Generation Networking and Multimedia (IN2GM) Lab have announced a multi-year research and development collaboration offering PhD and master’s students an opportunity to explore tools that support AI-enabled end-to-end delivery of immersive media over 5G networks. Specifically, the collaboration supports research and innovation (R&I) into novel media delivery paradigms, approaches, prototype tools, and evaluation results. The research will also explore the development of systems that support the efficient delivery of high-quality, six degrees of freedom (6DoF), volumetric immersive media content over 5G networks.

InterDigital’s R&I Lab in Montréal is the home of the Multimedia System team and leads cutting edge research and engagement in global standards like MPEG, 3GPP and IETF. The Gina Cody School of Engineering and Computer Science at Montréal-based Concordia University takes an innovative approach to experiential learning, research, and education, and its Computer Science and Software Engineering (CSSE) department is ranked among the top ten in Canada, and best in software engineering research in Canada according to CSRankings.

Together, InterDigital and Concordia University’s research collaboration aims to design an end-to-end immersive media transport system, addressing media packaging, media ingesting, media delivery, and media consumption, that abides by media coding standards set by IETF, MPEG, and 3GPP. The end-to-end immersive media delivery network is intended to be used for a variety of immersive applications in virtual reality (VR), augmented reality (AR), XR (extended reality), and the metaverse.

“We are excited to announce this partnership with Concordia University to explore and create systems and tools to support the exciting intersection between AI and immersive media delivery protocols,” said Gaëlle Martin-Cocher, Senior Director at InterDigital. “Montréal remains a hub for next generation networks and AI/ML research with fast growing AI and immersive industries, so our collaboration with Concordia will leverage the excitement and expertise of the region to develop tools and solutions that support immersive content delivery worldwide.”

“IN2GM Lab at Concordia University is proud and excited to announce a groundbreaking partnership with InterDigital to pioneer the development of an end-to-end AI-enabled architecture for immersive media delivery over 5G networks,” said Professor Abdelhak Bentaleb, the head of Concordia’s AI IN2GM Lab. “Together, we're shaping the future of digital experiences, ushering in a new era of connectivity, creativity, and innovation.”

The program invites Concordia PhD and master’s students with expertise in networking and media delivery protocols, immersive media, next gen network systems and application, or AI/ML for networking and media delivery optimization to apply and contribute to the collaboration. All selected students will dedicate weekly research hours and interact with InterDigital’s Montréal R&I team.

About Concordia University

Located in the vibrant and multicultural city of Montréal, Concordia University is among the most innovative universities in its approach to experiential learning, research, and education. Concordia is one of the three universities in Quebec where English is the primary language of instruction. It is the first university under 50 years in Canada and the Computer Science and Software Engineering (CSSE) Department is ranked one of the top 10 CS departments in Canada. The CSSE Department is located in the “Quartier Concordia” neighborhood of Downtown Montréal where there are many options for direct transportation: metro, bus, or bike. It provides a suitable learning and research environment where students can flourish their skills.

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
+1 (202) 349-1714

Looks like this could be referencing KIGEN vs THALES case

Is this for IDCC? Maybe we get a press release in the morning?

UK global FRAND rate dispute settles at eleventh hour
headline only

11 Oversold Value Stocks To Buy Now
Ramish Cheema
Fri, April 12, 2024 at 10:01 AM CDT

https://finance.yahoo.com/news/11-oversold-value-stocks-buy-150135375.html

8. InterDigital, Inc. (NASDAQ:IDCC)
Number of Q4 2023 Hedge Fund Shareholders: 24

Latest RSI Score: 28.29

Trailing P/E Ratio: 12.60

InterDigital, Inc. (NASDAQ:IDCC) is a mid sized American technology company that develops communications and entertainment software. Its investors were in for some bad news in April 2024 when Bank of America cut the share price rating to Underperform from Buy and reduced the share price target to $100 from $140.

By the end of 2023's December quarter, 24 out of the 933 hedge funds part of Insider Monkey's database had held a stake in the firm. InterDigital, Inc. (NASDAQ:IDCC) largest hedge fund investor is Spencer M. Waxman's Shannon River Fund Management due to its $51.3 million investment.

Avanci Launches 4G Smart Meter patent licensing program
October 30, 2023 by Avanci

EDMI, a global leader in smart metering solutions, joins as first licensee
Avanci, the independent global leader in joint licensing solutions, today launched a program for 4G smart meters, with global smart metering leader EDMI as its first licensee.

Since 2016, Avanci has been transforming how patent licensing is done, through efficient, independent platforms which offer a convenient option to reduce transaction costs, enhance licensing efficiency, and improve predictability for all parties. This new Avanci program builds on the success of Avanci 4G Vehicle, which now has more than 145 million connected vehicles from over 95 automotive brands covered by an Avanci 4G Vehicle license.

Roy Kirsopp, CEO at EDMI, says: “As a leader in the global smart metering market, EDMI is unwavering in its commitment to customers to provide reliable and seamless smart metering solutions. We joined the Avanci 4G Smart Meter patent licensing program to assure our valued customers and partners that EDMI takes its licensing obligations seriously. An Avanci license is extremely valuable as it gives us authorised, licensed access to a broad range of 4G technology patent owners in a simple and efficient manner.”

Avanci 4G Smart Meter is Avanci’s first Internet of Things (IoT) program beyond the automotive sector. It simplifies the process of licensing essential cellular technologies for the growing global 4G smart meter market. Analyst firm Transforma Insights forecasts that more than 15 million 4G smart meters in scope of the program will be sold in 2023, with over 160 million to be sold during the next 10 years.

Marianne Frydenlund, Vice President and head of IoT licensing at Avanci, said: “We are delighted to launch our latest IoT program and to welcome EDMI, a leader in smart metering solutions, as our first 4G Smart Meter licensee. Our thanks to EDMI and all our partners for giving us their trust and confidence to deliver another efficient IoT licensing solution.”

An Avanci 4G Smart Meter license covers meters enabling 4G* connected meters. It offers a single license covering the 4G, 3G, and 2G essential patents of the 39 licensors in the program today, together with those of any licensors that join in future, at a fixed rate of $3 per meter, paid once for the lifetime of the meter.

Smart meter manufacturers and owners of cellular essential patents can email IOT@avanci.com to learn more about the program.

* Smart meters that communicate solely using the NB-IoT and/or LTE-M subsets of the 4G standard are not covered by the program.

About EDMI
EDMI Limited is one of the leading smart metering solutions providers in the world. EDMI is focused on designing, developing and manufacturing innovative and technologically advanced energy meters and metering systems for the global utility industry. EDMI’s metering portfolio includes a comprehensive range of premium quality metering products, advanced infrastructure and energy management systems. EDMI is owned by Osaki Electric Co., Ltd., a Japanese metering solutions provider listed on the Prime Market of the Tokyo Stock Exchange.

Avanci launches long-awaited 4G smart meter programme with first licensee

headline only

3/28/2024 Short Interest report: now 4.34 million shares short, down from 4.73 million. FWIW

The 4/15/24 report could be very interesting. The big price drop and volume increase started April 1.
Stay tuned.

Oppo must deposit pending royalties as interim security while its standard-essential patent dispute with InterDigital plays out in India, the Delhi High Court ruled today, February 21. The court directed Oppo to pay a sum amounting to approximately 23% of the counteroffer it made to InterDigital for licensing its SEPs.

Badger no problem. And so you know the courts in India sided with IDCC against OPPO, RealMe and VIVO.

My3, thanks for the link.

New legislation to get rid of PTAB and the AIA:

Best ! ghors

From US Investors meeting:

Special thanks to Jodi Schwendimann, CEO of NuCoat Inc. Jodi invented the original digital transfer paper and started her business supplying this product in 1996. She has over 70 patents and has been involved in numerous patent lawsuits. She has also faced the PTAB several times. Jodi told us about her journey and thoughts on helping those who have faced injustice at the USPTO.

New Legislation to be introduced:

We have been working diligently on introducing a bill, and we are excited to announce that the time has finally come with BOTH democrat and republican support!

The Restoring America's Leadership in Innovation Act (RALIA) most importantly does the following:

Restore Injunctive Relief
Reverse PTAB
Rid the Abstract Idea Exception
This is a monumental moment for the inventor community.

To help gain momentum on this bill, we implemented a super easy tool for our members to easily find and message their representatives to be original cosponsors of this bill.

This tool is straightforward, efficient, and effective when contacting your Representative.

You can download a step-by-step guide on how to use this tool here: USI Representative Contact Tool.

Badger read this.

https://ipwatchdog.com/2023/03/19/uk-court-hands-key-frand-ruling-interdigital-v-lenovo/id=158002/

Gamco, or any other member of this board, regarding Lenovo, what exactly are the numbers associated with this current dispute? What does Interdigital claim is owed? What does Lenovo believe is a FRAND rate? Has Lenova made any offer to settle? Has Interdigital given Lenovo a balance due? Over the years it seams we wait a long time to finally get paid after years of attorneys getting rich on all sides. Don't misunderstand, Interdigital is far better off than any other time in its history, but some of these arguments seem tired and oddly reminiscent of so many past cases. Is there no precedent here?

Where's our legal eagles that can chime in on this one? And in the end, what is the amount Interdigital is playing for with Lenovo and all others waiting for the outcomes of the upcoming hearings? What are the ultimate risks associated with the UK case? What is the ultimate reward from this case?

Would love to see a bit more of a summary of what's going on at this time as I haven't been as proactive as in the past at keeping up with all of the ongoing wranglings.

Thanks in advance for any responses.

Badger

Glen ...sounds like lawyerly gobbleedook squared....I've seen more than I'm willing to read over the last 27 years!!!

Lenovo confidentiality breaches represent "serious failings", says UK court in InterDigital dispute

Adam Houldsworth
04 April 2024

An English High Court decision has revealed that Lenovo committed several breaches of a confidentiality protocol relating to InterDigital’s third-party SEP licence agreements in the latest development of the much-watched SEP/FRAND dispute.

Nevertheless, the London court has granted Lenovo retrospective permission to use the confidential information in a second set of FRAND proceedings between the two parties, including in a fast-approaching hearing concerning a jurisdictional challenge by InterDigital.

This comes against the background of a multi-faceted, global set of disputes between the parties, which have great legal and strategic significance for the broader SEP licensing landscape. 

Lenovo’s breaches relate to information protected under a confidentiality protocol established during an initial round of UK litigation pertaining to the use of InterDigital’s 5G-era cellular SEP portfolio until the end of 2023.

That litigation produced a landmark global FRAND ruling by the High Court of England and Wales in March 2023 – the UK’s second ever such decision. The ruling set a rate favourable to Lenovo, rejected key aspects of InterDigital’s rate-setting methodology and found the US patentee to have been an unwilling licensor. 

InterDigital is challenging that ruling in an appeal whose outcome will have profound implications for SEP strategies around the world. It is scheduled to be heard by the Court of Appeal on 10 June this year. 

Lenovo’s breaches of the confidentiality protocol were committed as part of a second round of UK global licence rate-setting litigation, which the Chinese company initiated on 23 September 2023. 

The Chinese implementer filed a UK High Court action seeking either a declaration of invalidity and non-essentiality against two of InterDigital’s 4G SEPs, or a global FRAND rate determination for InterDigital’s cellular SEP portfolio for the period 2024-2028. It also requested that a global rate be set for InterDigital’s broader portfolio of SEPs and non-standard-essential patents. 

This defensive or ‘free-standing’ global FRAND rate-setting request was filed alongside a similar action filed by Lenovo in a parallel worldwide SEP dispute with Ericsson. Indeed, as a recent IAM interview with Lenovo’s Chief IP Officer John Mulgrew showed, the company has been persuaded of the merits of UK litigation by the favourable March 2023 ruling. 

In contrast, InterDigital, having seemingly lost its appetite for UK global FRAND decisions, has filed a jurisdictional challenge, based partly on the grounds that Lenovo is seeking a declaration relating to some non-ETSI SEPs and non-standard-essential patents that are not subject to FRAND commitments. The hearing for this jurisdictional challenge is set to take place in a few weeks, on 24 April.

Lenovo believes that its case in that jurisdictional challenge will be strengthened by use of third-party patent licence information that was used under the protection of a confidentiality protocol in the first dispute. In late March, it applied for permission to make use of that information.

This brought a serious issue to the court’s attention, however. By the Chinese company’s admission, it had already inadvertently misused that information, in breach of confidentiality provisions, on several occasions since the initiation of the September legal action. Lenovo therefore asked for retrospective permission to use the confidential information in the ongoing case. 

Handing down his decision on the matter, Mr Justice Zacaroli stated that there “have been serious failing on the part of Lenovo”. These included Lenovo’s inclusion of confidential information in its original September 2023 pleading, its use of the third-party licences as part of its strategic review for the second dispute and its use of unredacted licences and an unredacted version of the first global FRAND ruling in its disclosure for the second proceeding. 

Zacaroli J also found that the confidentiality protocol had been breached by the sharing of information with Lenovo’s German lawyers, who were outside the confidentiality ring. Moreover, affected third parties had not been informed of the breach in a timely manner, and although Lenovo’s lawyers had not intentionally misused the information, the company “ought to have come to court at a much earlier stage” after the breaches were brought to its attention in November 2023. 

InterDigital requested that Lenovo’s retroactive request be rejected. Otherwise, its interests would be prejudiced, it argued, adding that Lenovo and its lawyers could not be trusted. 

However, Zacaroli J ruled that need to encourage compliance had to be balanced against his findings that there had been no substantial prejudice to the interests of InterDigital or the third parties involved, and Lenovo had not gained any significant benefit from the breaches. Moreover, he reasoned, Lenovo would have a good chance of introducing the information at a later stage in proceedings, regardless. It was in the interests of justice to allow the confidential information to be weighed in the jurisdictional ruling. 

As such, Lenovo was granted retrospective permission to use the information in its original and amended particulars of claim, and in pleading those matters, as well as in the forthcoming jurisdiction challenge. 

For its breaches, however, Lenovo has been ordered to pay £80,000 to cover both parties’ costs relating to its request. 

The jurisdiction hearing will determine which claims, if any, Lenovo is allowed to proceed with. The resolution of those questions will also trigger a hearing on Lenovo’s request for an expedited FRAND trial. 

Some other important questions relating to the case have already been resolved. On 21 March, the High Court rejected InterDigital’s request to stay proceedings pending developments at the Munich Regional Court. It also rejected Lenovo’s request for an interim global licence – based on the March 2023 decision – pending the full UK global FRAND ruling. Such a provisional licence would have only slight value in English proceedings, the court found, because Lenovo is not under the threat of an injunction and InterDigital has not sought interim payments. 

The global context

However, all of Lenovo’s UK actions against InterDigital must be understood as part of a wider context in which the US patentee has asserted cellular SEPs and other patents in several other jurisdictions. 

In Germany, for example, InterDigital asserted several 4G and 5G patents at the Munich Regional Court in September of last year, immediately before Lenovo’s UK filing. A hearing regarding one of the asserted patents is set to take place on 18 April.

Also in September 2023, InterDigital filed US legal actions at the International Trade Commission and the District Court for the Eastern District of North Carolina, concerning five US patents (which are not subject to FRAND obligations) relating to the AV1 and VP9 video codec specifications. The ITC has instituted InterDigital’s complaint, setting a hearing for June-July 2024. 

InterDigital had also asserted SEPs relating to the HEVC video codec standard in various jurisdictions, though this part of the dispute was resolved by a licensing deal in late 2023.

According to InterDigital’s recent annual report, the company’s 2023 patent revenue (totalling $549.6 million) included $150.1 million (mostly back-payments) from Lenovo, comprised of payments relating to the March 2023 cellular SEP decision and the later HEVC agreement.

Paullee so you have a date for when the document was made public or published by the court.

Paullee thanks for the High Court finding. I hope they hang Lenovo with the violation of confidentiality. Meaning a IPR rate equal to or above that proposed by IDCC, with an adjustment to the past usage paid at the lower rate from the lower court set rate.

An English High Court decision has revealed that Lenovo committed several breaches of a confidentiality protocol relating to InterDigital’s third-party SEP license agreements in the latest development of the much-watched SEP/FRAND dispute.
The decision comes shortly before a key hearing on jurisdiction in the global FRAND battle

that's all I have

The 2027 notes were already convertible last quarter, they are convertible again this quarter because the stock price remained above the threshold for 20 days in the previous quarter. If the stock price drops and stays below the threshold they won’t be convertible the next quarter. Short selling would be one thing the note holders could use to increase their rate of return amongst other options.

last 3 days of downside volume...4/1.. 1.55myn...4/2.. 612k...4/3..344k.....upside volume today 721k so far.....somebody that pays to attention to volume would say about those numbers.....the volume dried up at the lows....we hope!!!

jeal..almost sounds like the 27 converts were not able to be converted until now....not that it matters....convert players are pretty savvy in the way they hedge against there convert positions by using options and stock.....when a convert is that deep in the money....you can guarantee that a portion of them have been "synthetically" converted

I was waiting for an 8k saying the 2024 Notes had been settled not one saying that the 2027 notes are still convertible. I must have been right about converting the 2027 notes early not benefiting the note holders since none seem to have been converted yet even though they are significantly in the money.

im not sure how other convert deals are settled when the conversion is made....but i find it interesting that idc is offering to settle in cash or stock or a combination of both

That article is from February 2014.

InterDigital Announces Convertibility of 3.50% Senior Convertible Notes Due 2027
Company Release - 4/4/2024
WILMINGTON, Del., April 04, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, announced today that, pursuant to the terms of the Indenture governing its 3.50% Senior Convertible Notes due 2027 (the “Notes”), the Notes are convertible during its calendar quarter ending June 30, 2024. The current conversion rate of the Notes is 12.9041 shares of InterDigital’s Common Stock per $1,000 principal amount of the Notes.

Upon the conversion of any Notes, InterDigital will pay cash up to the aggregate principal amount of the Notes to be converted, and will pay cash, shares of its Common Stock or a combination of cash and shares of its Common Stock for any conversion obligation in excess of the aggregate principal amount being converted, if any, at InterDigital’s election, as set forth in the Indenture governing the Notes.

At the time InterDigital issued the Notes, InterDigital entered into call spread transactions that together were designed to have the economic effect of reducing the net number of shares that will be issued in the event of conversion of the Notes by, in effect, increasing the conversion price of the Notes from InterDigital’s economic standpoint from $77.49 to $106.35. Refer to Footnote 10 of the Financial Statements from InterDigital’s Form 10-K for the year ended December 31, 2023 for more information.

If only Interdigital had a PR department where they could respond to things like this.

Excuse the typos.

Paullee, maybe it has to do with settling the Case agains the Chinese companies India where the courts found IDCC’s patents were infringed.

Or the article could just be BS.

This makes no sense
China: InterDigital vows FRAND practices to end probe
BY CPI | FEBRUARY 23, 2014


US wireless technologies firm InterDigitial has reportedly offered to charge non-discriminatory royalties to Chinese companies to license its technology in efforts to suspend China’s antitrust probe into the company.

InterDigitial filed to suspend China’s National Development and Reform Commission’s investigation into InterDigitial following allegations that the US vendor is abusing its dominant market position by charging unfair royalties to Chinese firms for licensing its wireless network and product patents.

The company was alleged to have charged up to one-hundred times higher fees to Chinese companies than to Apple.

Now, reports say the company has vowed to license those patents on terms known as FRAND, or fair, reasonable and non-discriminator.

https://www.pymnts.com/cpi-posts/paramount-and-skydance-in-exclusive-talks-for-merger-reports/

Been here and seen this so many times--analyst do what they do

Anyone figure out why we would just drop ten points this week? Bc of BOA?

FISH, read the explanation on the Form 4 and you'll have your answer. Nothing nefarious, just SOP at Interdigital.

From the Form 4:

"Explanation of Responses:
(1) The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability. The restricted stock units were granted to the reporting person on March 31, 2023 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on March 31, 2024, together with accrued dividend equivalents.
(2) The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in Note 1."

How did insider Hakoranta manage this ?

The form 4 DATED 3-31-2024 (date of earliest transaction) sold 2,094+ shares at a price of $106.46 which was th closing price of 3-28-2024.
ON EASTER SUNDAY !
MARKET BEING CLOSED FRIDAY 3-29-2024 FOR GOOD FRIDAY !
ATTORNEY IN FACT SIGNING THE FORM APRIL 2, 2024.

Seems like market timing was great -- just before the $9+ haircut experienced on first trading day of April, 2024.

volume is much lighter today...lets see what the end of the day brings....ITS NEVER EASY.....nor is it supposed to be!!

After an 8.5% haircut yesterday, I guess, IMO, and like I said back on March 19, it may truly be back to the fundamentals for IDCC or its back to the 'shorts' game of having their way with the stock price.
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
Link to my Prior Post

Notable Monday Option Activity: NET, SPHR, IDCC

April 01, 2024 — 03:18 pm EDT

Written by BNK Invest

And Interdigital Inc (Symbol: IDCC) saw options trading volume of 2,781 contracts, representing approximately 278,100 underlying shares or approximately 50.7% of IDCC's average daily trading volume over the past month, of 548,755 shares. Especially high volume was seen for the $95 strike put option expiring April 19, 2024, with 588 contracts trading so far today, representing approximately 58,800 underlying shares of IDCC. Below is a chart showing IDCC's trailing twelve month trading history, with the $95 strike highlighted

https://www.nasdaq.com/articles/notable-monday-option-activity:-net-sphr-idcc

BOA. Thank you Sir. May I have another!

The 2024 warrants that they sold that will probably be expiring worthless over the next 3 months or so if the price doesn’t go over $109.43 seems like a good reason to me not to be buying now.

Any reason the company can’t be buying today?

BoA got their quarter end client statements printed. The end justifies the means, in their minds. JMHO

If Tai Liani is the analyst at BoA that lowered his target, you can bet that he had marching orders on this one. The timing does seem questionable, but it serves to make him look like a genius if only for a few days. He was typically on the wrong side of the trade with Interdigital. If I recall, he begrudgingly came around with a higher price target only after several embarrassing events tied to company conference calls and his lack of awareness of company successes.

I'm thinking BoA's analyst is just a front man on today's action. Someone needs IDCC to be cheaper at least in the short term.

IMHO of course.

I never did like Seeking Alpha. And BOfA what is with that.

i dont trust this guy....i think he sings and dances to someone else's tune

I believe the 2024 Convertible Notes expire today. BOA could be looking to cover some short positions.

This guy is sketchy...starts us off with a sell....then has to play catch up....and winds up with the highest price target....and a few months later cuts it 40 points for kicks.....I think we are being played by this "analyst"

BoA downgraded
Solid growth in recent quarters; LT growth remains murky

InterDigital's stock appreciated 47% in the last 12 months, mostly on a few consecutive quarters of solid growth. Growth was driven by new licensing agreements with Lenovo, Panasonic, and others, as well as 162% YoY growth in non-recurring revenues, which are mainly related to catch up payments that are one-time in nature. Going forward, we flag risks to the 2024 estimates and forecast negative growth rates in 2025. To put the past performance into perspective, in 2023 revenues grew 20% overall, yet excluding the contribution of one-time, non-recurring revenues, topline only grew 1% YoY. We therefore downgrade our rating to Underperform from Buy, tweak our estimates, and reduce our PO to $100 on 9x FY25E EV/FCF, vs. prior $140 (13x).

High penetration & reliance on recurring smartphone revs

Growth is highly dependent on the recurring smartphone royalties, which comprise 85% of total recurring revenues. Management believes recurring revenues from wireless will grow from $408mn in 2023 to ~$500mn over the long-run, but the company's largest revenue growth has been generated by the non-recurring portion, or catchup payments with previously unlicensed smartphone vendors. This brings up two risk factors: first, the timing of realizing catch-up revenues is highly unpredictable. Second, the inherent growth of the core smartphone segment is almost non-existent and management's growth assumption is dependent on its ability to reach agreements with unlicensed Chinese handset makers, which represents another highly unpredictable factor. There are other long term growth opportunities and management expects Consumer Electronics licensing to grow from $60mn to $150mn, and flags potential growth in IoT, automotive, and AI licensing, which are all areas that may take time to materialize/ramp.

Lumpy revenue recognition and lack of visibility into P&L

We highlight near-term opportunities to reach agreements with likes of Oppo and Vivo, as well as smaller growth opportunities within adjacent markets like CE and IoT, but timing is uncertain and the magnitude could prove smaller vs. the last 12 months. Management included a ~$150mn catchup revenue assumption in the 1Q24 revenue guidance, vs. $141mn in FY23. We believe some of this assumption is based on the expectations that the Samsung renewal may resolve in 2024, yet we flag risk to estimates, as the guidance locks in a certain cadence of deal (agreement) flow, which could prove slower to materialize. Lastly, looking beyond 2024, our model calls for a decline in revenue and EPS growth in 2025, down -8% YoY and -20% YoY, respectively.