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Re: Bim Re: past audit and 10%

By: bim24 in IDCC | Recommend this post (0)
Sat, 29 Oct 11 11:59 PM | 450 view(s)
Boardmark this board | InterDigital Communications 		Msg. 43501 of 48237
(This msg. is a reply to 43498 by Data_Rox)
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Data

that's good that you are replying to me over here as opposed to IHUB, since i can't stand that other board anymore due to all the noise.

I concluded what i did based upon my repeated questions to Ms Point and the statement of all existing customers need to report above the 10% threshold and she agreed and stood behind it.

now, if it's not HTC or RIMM as you mentioned, then my other conclusion is non other than...

wait for this:

Apple's ODM's under licensee put together.


asus, pegatron, whoever else that manufacturers for APPLE and we get a cut.

individually, they don't account for 10% of total revs for q3, but collectively, they do.

this "audit" may be routine in the "hybrid" contract.

that's my theory as who else (maybe sharp? but they would have to report) is generating that much revs/shipments to pay interdigital?

i'm glad you put holes in my first theory, b/c i like the 2nd one better anyways.

MO

bim524


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The above is a reply to the following message:
Bim Re: past audit and 10%
By: Data_Rox in IDCC
Sat, 29 Oct 11 8:09 PM 		Msg. 43498 of 48237

for grins I've told Postyle who I believe it is....I actually told him prior to you're posting...and JMO....we'll know more shortly....but lets say I believe the "audit" was for certain sales that were not reported .....or in disagreement... for almost 2 years.

I very much understand your contention that it should have shown up as a 10% contributor....but there is also a disparity in the 10-Q

page 18 ....Patent licensing royalties of $75.3 million in third quarter 2011 increased $6.7 million or 10% over second quarter 2011. This sequential increase was primarily driven by a $7.5 million increase in royalties from past sales as a result of a routine audit of an existing customer.

page 19...Comparability of Financial Results
When comparing third quarter 2011 financial results against other periods, the following items should be taken into consideration:

Our third quarter 2011 revenue includes $7.9 million of past sales related to the resolution of an audit of an existing customer.

so.....at $7.5M it's under the 10% reporting....?? maybe being for a significant past time period they saw it differently....


anyway....regarding HTC

....here is the company's 10-Q

http://www.sec.gov/Archives/edgar/data/1405495/000140549511000012/idcc-2011930x10qxq3.htm

If you review the company's disclosures on pages 23 and 24

For 9 months ending 9/30/11....total revenue was $224.8M

They disclose that HTC provided ~11% of 2011's total revenues

11% of $224.8M is ~$24.73M

In the post I put on iHub.....and the previous posts that you were questioning....

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68473913

IDCC reported HTC revenue in Q1 as ~$7.85M
IDCC reported HTC revenue in Q2 as ~$7.7M
IDCC reported HTC revenue in Q3 as ~$9.18M

hang on,,,,7.85+7.7+9.18 equals...wait for it....24.73

JMO....the company would have disclosed the "audit" increase for HTC...in either the current quarter or in the current fiscal year.

keep the faith.....

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