IDCC management says new licenses and renewals are unlikely (including LG)
For those that didn't read through the reports I posted today, let me highlight these comments from MPartners:
"LG is likely to be delayed further... According to management, potential suitors are more interested in waiting in order to maximize value....
Potential licensees in the pipeline are likely to be delayed... same reasons as above"
MPartners has been batting near 1.000 when it comes to IDCC. Whether it was related to the mystery identity of the fixed to variable transitional licensee, or related to actual revenues & earnings reported - MPartners has been right on the mark with their comments.
That being said, it is notable that MPartners is confident in their professional reports (as well as their tweets) that a deal is forthcoming.They twice referenced IDCC management in today's report. First, they reported that IDCC management said the buyers want them to wait on signing deals. And second, they reported that management has suggested that a takeover process is underway and illustrated that with the term "strong sense".
As an individual who values and respects what MPartners says, I must conclude that IDCC will no longer exist after 2011. And in the meantime, there won't be any new deals or any chance that IDCC will achieve all of our investor goals. Of course if talks fall through or if potential buyers change their mind in the future, we'll be back to caring about LG and the rest
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