Judges do not have to rule on motions for summary determinations. Thus, there is no timeline.
These lawyers billed us 14,800,000 dollars last quarter. At an average of 400/hr, it would take 37,000 hours to amass this bill. A good billing quarter for a lawyer is 600 hours. This means that 61 lawyers worked exclusively on IDCC.
As they say, c'mon man. IDCC just reads them and pays them. This number begs for an audit. This is one of the reasons for the 7 cent miss and the drop in share price today.
The elephant is still in the room and AAPL is using their IDCC license against Samsung to set a FRAND rate. IDCC should volunteer to testify in the APPL/SAMSUNG case to refute that the amount being paid by AAPL has anything to do with FRAND. In fact, they should admit it is a freak as a result of misunderstanding. If IDCC remains silent, WM may be written up in the history books as the person who drove royalty rates to the bottom for 3g.
Time is of the essence for IDCC to take some offensive with AAPL. The license is killing renewals for 3g and is killing new licensing for 3g. IDCC simply cannot afford to allow the existing 3g rate with APPL to be declared a benchmark in a FRAND case in the wireless sector. The manufacturers do not care because they are making profit from the sale of their products. IDCC and NPE's should have great concern because they make nothing until licensing is in place.
Perhaops IDCC does not care and plans to sell its entire patent portfolio over the next few years. If so, so be it. However, if it does, waisting millions of dollars at the ITC which does not allow recovery of attorney fees, seems contra to such a plan where the end result encumbers the portfolio via licensing. One way or the other, the APPL problem must be fixed in some form or fashion.
The same old rhetoric used in the Nok war about doing it right is not going to work in the upcoming AAPL and Samsung battles. We have been chasing Nok for 3g for over 6 years now. We need a FRAND rate determination asap via the fastest way and venue if it means taking our talents to Germany while we are waiting on the US justice system to issue a final ruiling.
MO
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