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Re: Positives (Sonic) ...

By: Rakitno in IDCC | Recommend this post (0)
Mon, 30 Apr 12 2:31 AM | 344 view(s)
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Msg. 45033 of 48237
(This msg. is a reply to 45032 by sonic22)

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Sonic, there is no doubt, there are some positives in the 10Q. The machines over reacted and drilled us because the algorithmic variable "missed earnings" was defined and shit hit the fan with the price. I hate this market and I hate that we are on the radars of the scum of the earth the shorts because of last year and my hope is that they all get gutted; day traders, scalpers, shorts and hedgies get gutted like a goat at an afghani wedding ... Anyways, back to the 10Q ...

You're off with your revenue amounts. Per the 10Q:

As of March 31, we'd deferred $33.1 million in revenue in connection with this arbitration, including $3.4 million of revenue that we did not recognize in the first quarter 2012.

So 3.4M of deferred revenue related to Q1.

Later in the 10Q it says:

Together, the disputed royalty revenue from these two matters totaled approximately $8 million a quarter over the last two quarters. A third arbitration is currently in process, also relates to product coverage. 

Meaning totally quarterly revenue is approximately $8M from these two arbitrations (not including the third arbitration because that is ?), therefore, annually that is $32M additional revenue, net of taxes that is approximately $.50 of additional earnings annually.



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The above is a reply to the following message:
Positives
By: sonic22
in IDCC
Mon, 30 Apr 12 2:01 AM
Msg. 45032 of 48237

Guys,

Looked over again the 10Q this weekend. The additional arbitrations are interesting in that they are potentially adding 8 million per qtr. Couple that with the 3 million from the tech services and IDCC is looking at additional 11 million in revenues per qtr if they resovle them favorably. Taking that 11 million would be 80 in qtrly revenue and would amount to .39 EPS per qtr assuming 1st qtr expenses hold. That easily would have beat the estimates this qtr and would be a nice addition to revenues while we wait.

Problem is it does appear IDCC for some reason takes the longest to get any judgement in any type of litigation. But there definitely are some positives from this quarter. Now if we can get the CAFC to rule positive that would be a good catalyst to get IDCC back on the move again.


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