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Anyone have any input on current Apple License and how it may apply to the following TV Service?
I just listened to the CC and they sound like they are well positioned to advance in contract renewals and licenses along with a clearer picture ahead with the Netflix issue behind them. The price of the stock beaten down here IMO is way overdone. It will come down after the earnings here to see what the analysts have to say......
All I heard was a bunch of apologies, we hired a new sales team (again) and that they are sticking to their plan. They never described what their plan was/is because there isn't one. I feel safe saying it's a sell and will do so today. It might bounce a little up and down today but it's time to move on.
Sentiment: Strong Sell
The other thing to consider is that Netflix initiated the suit against Rovi well over two years BEFORE the Alice case was decided. Therefore, the Alice precedent should not have had any place in this decision. From ROVI..."Samir Armaly, Rovi's executive vice president of intellectual property and licensing, said, "While we are pleased that the Court sided with Rovi on the key claim construction issues, we are disappointed in, and strongly disagree with, the Court's decision finding the five patents invalid and plan to appeal that decision."
Armaly added, "it is important to remember that this litigation, initiated by Netflix, was filed in 2011, more than two years before the Supreme Court issued the Alice ruling on patentable subject matter. It is also important to remember that only five patents from our portfolio were at issue in this case, and Rovi's US patent portfolio includes more than 1,500 issued patents and pending applications. We are committed to enforcing our intellectual property against Netflix until the necessary licenses are in place. As we do so, we will be selecting patents from our diverse patent portfolio with the benefit of having the Alice decision and its reasoning factored into that patent selection." I believe that ROVI still has a good case to pursue against Netflix. This was NOT a slam dunk decision that invalidates Rovi patents.
Here is a summary..."As part of the decision, Judge Hamilton also issued a claim construction ruling in the case in which the Court construed the nine disputed claim terms in the case.
The Court ruled in Rovi's favor on nearly all of the disputed claim terms, only adopting Netflix's proposed construction of a single term.
Importantly, the Court rejected attempts by Netflix to limit the scope of the patents to the area of "broadcast television," noting that the claims contain no such limitations and the patents refer to other types of media. Furthermore, the Court rejected attempts by Netflix to limit th
A little positive news to share...even though the stock continues to fall. Short interest is stretching the rubber band, so when it does snap back, it could move the stock up in a hurry.. I think many money managers are holding or even shorting "against the box" until earnings.
"The shares of Rovi Corporation (NASDAQ:ROVI) are down by 34.63% year-to-date heading into its second quarter financial results on July 30. Despite the poor run for the company’s shares, smart money held a bullish outlook on the stock during the first quarter, with 32 hedge fund investors holding positions worth $171.21 million at the end of the period. These figures were far better than the previous quarter investments of $130.84 million from 20 investors. We also took into account the 19.39% decline in the shares of Rovi Corporation (NASDAQ:ROVI) during the first quarter, indicating a very positive sentiment among hedge fund investors. Some of the primary investors of the company include Israel Englander’s Millennium Management with 1.38 million shares valued at $25.4 million, Chuck Royce’s Royce & Associates, and George Soros’ Soros Fund Management."
To me this shows the future of guide data vs. a company with a large IP portfolio.
2.0 was released in May but 1.0 has been around for over a year (according to their press releases). How many paying customers are on 1.0 or have migrated to 2.0?
Wasn't this just released in late May of this year? This seems to be an odd question you ask?
The biggest question I would like to see answered is how many paying customers are on the Rovi Cloud Service 2.0 since it was released and what kind of revenue is it bringing in: https://developers.rovicorp.com/blog/post/2015/May/7/introducing-rovi-cloud-services/
Watch how the company responds to the key question in the upcoming ER regarding the financial effect on future licensing their big four client customers. Like most analysts, I see no negative effect whatsoever from the NetFlix patent court decision on these relationships. Besides, ROVI plans to continue this fight on NetFlix patent infringement via court appeal.... and ROVI appears to still have confidence in a future victory.
Perception (not reality) is what has sunk the stock. It appears that there will be no real rebound in the stock price until they announce next week and answer the key questions around current customer relationships. With the CEO's recent significant purchase on the open market, I am reasonable sure they will beat projections both top and bottomline. Just my humble opinion.
Rovi Corp (NASDAQ:ROVI) stock is currently trading 48.45% below its 52-week-high, 2.64% above its 52-week-low. The 1-year stock price history is in the range of $13.28 – $26.44. Rovi Corp (ROVI) has a price to book ratio of 1.16 versus Technology sector average of 2.79. ROVI stock price has underperformed the Nasdaq by 48.3%. The Electronic Components company is currently valued at $1.2 billion and its share price closed the last trading session at $13.63. The stock has a 50-day moving average of $16.72 and a 200-day moving average of $19.63.
Rovi Corp (ROVI) current short interest stands at 21.98 million shares. It has decreased by 7% from the same period of last month. Around 26% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.61 million shares, the number of days required to cover the short positions stand at 8.5 days.
The company is expected to announce next quarter earnings on July 30, at consensus estimate of $0.22. Rovi Corp (ROVI) reported last quarter earnings on April 30. The Electronic Components company announced earnings per share of $0.3 against a consensus Street estimate of $0.29, beating the average estimate by $0.01. This corresponds to a decrease of $0.05 compared to the same quarter of the previous fiscal year.
Many factors influence a fall more than they should. He had short interest. Today it dropped to a point where they began to cover.
If no serious geopolitical problems, it may be the beginning of a recovery