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News Breaks
February 26, 2013
09:52 EDTSNE, IDCCInterDigital sees getting $125M cash from Sony, says patents valued at $28.9M
InterDigital (IDCC) noted in its 10-K yearly filing that in December of last year it formed a joint venture with Sony Corporation of America (SNE), called Convida Wireless, to focus on driving new research in M2M wireless communications and other connectivity areas. InterDigital disclosed that its agreement with Sony is a multiple-element arrangement that also includes a three-year license to its patents for Sony's sale of 3G and 4G products, effective January 1, and an amount for past sales. Under the arrangement, InterDigital said it expect to collect a total of $125.0M of cash and has also acquired certain patents covering non-baseband technologies from Sony with an estimated value of $28.9M. InterDigital added that it recognized $22.3M of patent licensing revenue in Q4, and it expects to recognize $116.6M of patent licensing revenue, using the straight-line method, over the three-year term of the patent license. The remaining $15.0M represents funding toward M2M research and platform development, InterDigital said. In early trading, shares of InterDigital rose 55c, or 1.25%, to $44.51.
News For IDCC;SNE From The Last 14 Days
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May 21, 2015
06:42 EDTSNESony establishes UK studio to work on Morpheus games, GameSpot reports
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May 14, 2015
07:43 EDTIDCCB. Riley to hold a conference
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05:41 EDTIDCCInterDigital Europe and partners chosen by EC to conduct 5G research project
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May 12, 2015
10:27 EDTIDCCAppeals court upholds InterDigital loss in patent fight with Microsoft, ZTE
The U.S. Court of Appeals for the Federal Circuit affirmed the final determination of the International Trade Commission finding no violation of Section 337 of the Tariff Act was committed by Microsoft (MSFT) and ZTE related to patents held by InterDigital (IDCC). The patents at issue in the case are directed to cellphone technology, and in particular, code division multiple access networks, according to the appeals court ruling.
May 11, 2015
16:55 EDTIDCCInterDigital sees Q2 revenue $89M-$91M, consensus $92.97M
May 10, 2015
17:35 EDTSNEDisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
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