in the next 2 weeks and they will accumulate into it. You can be certain the judge in that case is aware of the Samsung case and all of the others IDCC has won. Have they ever lost a case? This legal team is awesome. Kudos to any of them that might read this. They are like sharks and bring in hundreds of millions of $'s... 90% chance of a Nokia win and more and more acceptance of IDCC as the case wins compile
InterDigital (IDCC - commentary - Cramer's Take) is asking the International Trade Commission to ban import of Nokia (NOK - commentary - Cramer's Take) 3G phones unless Nokia agrees to license certain 3G patents of IDCC. Broadcom used the same venue to get an import ban slapped on phones using Qualcomm chips -- a move that yielded a $200 million payday from Verizon (VZ - commentary - Cramer's Take) alone and is likely to yield even larger payments from the rest of the U.S. operators.
IDCC is likely to be a tough opponent for Nokia. In 2006, Nokia paid more than $250 million to IDCC for certain 2G patents the companies had been negotiating over for years. The payoff validated IDCC's 2G patent claims and may imply that the 3G patents are valid as well. But Nokia is not a particularly charitable company when it comes to handing out licensing fees.
Until this week, IDCC probably felt anxious about how to press its case against Nokia on the 3G patent front. But Broadcom's triumph has changed the game.
Small companies now know they have a real chance of getting an ITC injunction on the import of phones using unlicensed patents. And the news about Verizon and one other U.S. operator agreeing to pay Broadcom directly opens up a delicious new cash stream: You can always hit on operators if the chip vendor or the phone manufacturer refuses to cough up.
IDCC is an old battle-ax when it comes to patent fights, so I don't think this suit is trivial or impulsive. The company in all likelihood decided to wait until the small chance of a presidential veto in the Broadcom case passed before it decided to pounce with a well-prepared suit.
there is a "minor" case in the UK re: essentiality of a few idcc patents. idcc also countersued nok on the same matter. WM characterized it as a minor case, since it's only a few patents and only regards their essentiality, not their infringement. however, shorts can pounce on any potentially bad news with this company.
the real issue is a new license, which WM characterized as having a couple deals, "beyond the economic negotiations." which means they've agreed on money and are dotting Is and crossing Ts.
I did find this in a 10/31 article. The Samsung was obviously just resolved........"Should InterDigital find a way to settle disputes with Samsung and Nokia, the holidays may reveal a few more sugar plums for investors."
I'm looking through the news and I can't find it. I've followed IDCC off and on for years and I'm certain that there is a recent case (in Great Britain I thought) where this is Nokia's last hope at avoiding payment to IDCC. I had it in my head that this was Nokia's final attempt at delaying payment already approved by a lower court. Anyone else have any info about this........thanks
According to management, the Suit filed by Nokia in Great Britain is fairly minor in scope and does not involve any major payment issues. The big one is the ITC proceeding in this country. Listen to the most recent conference call, and I believe the Motley Fool may have some info on the British proceeding, but it shouldn't produce anything earth shattering no matter how it comes out.