z, without LG, or any new revenue streams, I don't see how they can beat expectations. On the bright side, if CAFC would put things right, we wouldn't care about the quarter or the strategic initative...
I realize that's a downer outlook, but being an IDCC long has turned into an 'anti-tea leave' curmdgeon.
http://seattletimes.nwsource.com/html/businesstechnology/2016563889_microsoftpatent23.html
from icry:
There's no arguing Microsoft is gaining a lot strategically from its patents: financially, legally and competitively.
Royalties from Android phones have become a fairly significant revenue stream.
Investment firm Goldman Sachs has estimated that, based on royalties of $3 to $6 per device, Microsoft will get about $444 million in fiscal year 2012 from Android-based device makers with whom it has negotiated agreements.
Some think that estimate may be low.
Microsoft is not disclosing how much it gets in royalties, but Smith, the company's attorney, has said $5 per device "seems like a fair price."
Apparantly Microsoft at first wanted $15 per unit:
http://www.reuters.com/article/2011/07/06/us-samsung-microsoft-idUSTRE7651DB20110706
If IDCC can get 50% of the current smartphone market of 440 million units @ $5 / unit, that's $1.1 Billion in revenue, or $515 million in profits after tax, or $11/share in earnings. That's just smartphones and not including the growth that lies ahead for smartphone sales and also higher rates for LTE/4G ...
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