Key Developments: InterDigital Inc (IDCC.OQ)
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Latest Key Developments (Source: Significant Developments)
InterDigital Inc Receives Initial Determination in USITC Patent Infringement Investigation of Nokia Oyj, Huawei Technologies Co Ltd and ZTE
InterDigital Inc announced that it has received notice that the Administrative Law Judge (ALJ) overseeing the U.S. International Trade Commission (ITC or Commission) Investigation No. 337-TA-800 of Nokia Oyj, Huawei Technologies Co Ltd and ZTE has issued an initial determination (ID) finding no violation of Section 337 of the Tariff Act of 1930. The ALJ found that one of InterDigital's asserted patents was infringed, but the asserted claims of that patent were found to be invalid in light of prior art. He further found that four of InterDigital's patents were not proven invalid but are not infringed, and that the remaining two asserted patents were invalid and not infringed. Importantly, the ALJ indicated that the respondents have not prevailed on any equitable, FRAND, or license defense. The ALJ also determined that InterDigital satisfied the domestic industry requirement as to all asserted patents. Full Article
InterDigital Inc Declares Regular Quarterly Cash Dividend
InterDigital Inc announced that its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share on its common stock, payable on July 24, 2013 to shareholders of record at the close of business on July 10, 2013. Full Article
Federal Circuit Rules In Favor Of Interdigital Inc In Dispute With Lg Electronics Inc
InterDigital Inc announced that the United States Court of Appeals for the Federal Circuit has ruled in favor of the Company in its ongoing dispute with LG Electronics (and LG affiliates). The Federal Circuit determined that LG should not have been terminated from United States International Trade Commission (Commission) Investigation No. 337-TA-800 initiated by InterDigital. LG was terminated from the Commission investigation based on LG's allegation that it has a continuing 3G license under an expired license agreement with InterDigital, and that the parties' dispute over whether LG possesses such a license should be arbitrated under the terms of that agreement. The Federal Circuit panel ruled that LG's assertion of arbitrability was "wholly groundless" and found that there "simply is no plausible argument that LG's license for 3G products survived the termination of the Agreement." By rule, LG and the Commission have 45 days to petition for rehearing of the Federal Circuit's decision and may petition the U.S. Supreme Court for a writ of certiorari within 90 days after entry of the judgment or a request for rehearing is denied, whichever is later. After the time period for petitioning for rehearing passes or the Federal Circuit denies any such petition, the Federal Circuit will issue its mandate remanding the case for further proceedings by the Commission. Full Article
InterDigital Inc Issues Q2 2013 Revenue Guidance Above Analysts' Estimates
InterDigital Inc announced that for second quarter of 2013, it expects revenue to be between $67.5 and $74 million.According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $43 million for the second quarter of 2013. Full Article
InterDigital Inc Declares Regular Quarterly Cash Dividend
InterDigital Inc announced that its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share on its common stock, payable on April 24, 2013 to shareholders of record at the close of business on April 10, 2013. Full Article
InterDigital Inc Issues Q1 2013 Revenue Guidance
InterDigital Inc announced that it expect to recognize approximately $46 million to $47 million in revenue in first quarter 2013, Full Article
US Court Not To Review Decision in Case Between Nokia Oyj and InterDigital Inc-Reuters
Reuters reported that a federal appeals court that had revived an InterDigital Inc patent complaint against Nokia Oyj declined on January 10, 2013 to review that decision, according to a court filing. InterDigital filed a complaint at the International Trade Commission (ITC) in 2007 accusing Nokia of infringement. The ITC found that Nokia was innocent, but the United States (US) Court of Appeals for the Federal Circuit revived the complaint and sent it back to the ITC where it is pending. Meanwhile, Nokia urged the appeals court to reconsider its decision by arguing that InterDigital did not manufacture any products using the patents, a requirement for bringing an infringement complaint to the ITC. A divided court declined on January 10, 2013, ruling that licenses that InterDigital has given for the technology fulfills the ITC requirement. The patented technology in the complaint is for wireless phones. Full Article
InterDigital Inc Files New Complaint Against Huawei Technologies Co Ltd , Nokia, Samsung Electronics Co Ltd And ZTE with U.S. International Trade Commission
InterDigital Inc announced that its wholly owned subsidiaries InterDigital Communications, Inc., InterDigital Technology Corporation, IPR Licensing, Inc. and InterDigital Holdings, Inc. (collectively, "InterDigital") filed a complaint with the U.S. International Trade Commission ("USITC") against Huawei Technologies Co Ltd ., Futurewei Technologies, Inc. d/b/a Huawei Technologies (USA), Huawei Device USA, Inc., Nokia Corporation, Nokia, Inc., Samsung Electronics Company, Ltd., Samsung Electronics America, Inc., Samsung Telecommunications America, LLC, ZTE Corporation and ZTE (USA), Inc. (collectively, "Respondents") alleging that they engaged in unfair trade practices by selling for importation into the United States, importing into the United States and/or selling after importation into the United States certain 3G and 4G wireless devices (including WCDMA-, cdma2000- and LTE-capable mobile phones, USB sticks, mobile hotspots, laptop computers and tablets, and components of such devices) that infringe up to seven of InterDigital`s U.S. patents (the "Asserted Patents"). The action also extends to certain WCDMA and cdma2000 devices incorporating WiFi functionality. Full Article
InterDigital Inc's Subsidiary Announces Agreement With Research In Motion Limited
InterDigital Inc announced that patent holding subsidiaries have entered into an agreement which extends the term of their worldwide, non-exclusive, royalty-bearing patent license agreement with Research In Motion Limited (RIM). In addition to extending the patent license agreement for a multi-year period consistent with InterDigital's licensing program, the parties agreed to amend the patent license to add coverage for 4G products, including LTE and LTE-Advanced products. Full Article
InterDigital Inc Declares Special Cash Dividend
InterDigital Inc announced that Board of Directors declared a special cash dividend of $1.50 per share on its common stock. The dividend is payable on December 28, 2012 to stockholders of record as of the close of business on December 17, 2012. Full Article
InterDigital loses first round of US case against Huawei, others
WASHINGTON - Huawei Technologies, Nokia Corp and ZTE Corp did not violate cell phone patents owned by InterDigital Inc, a judge at the International Trade Commission said in a preliminary decision on Friday.
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