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Re: arb award (bim)

By: Rakitno in IDCC | Recommend this post (0)
Fri, 23 Aug 13 10:25 PM | 270 view(s)
Boardmark this board | InterDigital Communications
Msg. 46904 of 48237
(This msg. is a reply to 46900 by bim24)

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Bim, i'm reading that press release and I don't get where any confusion is.

If the $52.6 million amount deferred was in question why would they even mention the exact figure in the release? They confirmed that they got the rates per the contract and the $52.6 million was obviously based upon these rates as the mystery customer paid the amounts already. InterDigital is "studying" the awards, with their auditors and NOT their lawyers, because revenue recognition has many layers when there are multiple components or arrangements. It may be as simple as disclosure where to put it above or below the line. Notice how they still have not disclosed the name of this customer even when these are material amounts worthy of disclosure per their own standards ... like Teecee said (and IR likely alluded to) let it play out ... we will know more very soon ... they won another arbitration ... and it all may have something to do with Bill's recent comments of tech deals in the near future with this very same customer.


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The above is a reply to the following message:
arb award
By: bim24
in IDCC
Fri, 23 Aug 13 6:55 AM
Msg. 46900 of 48237

it is unclear (at least to me) if the company won the entire amount of 52.6 million.

It just said they won at the rates specified and then went on to say that they had 52.6 deferred and that they are studying the award. Arb awards doesn't have to be bipolar, as it can be some amount in between.

Maybe I am losing my comprehension skills... but emailed HR to clarify my simple math. Or maybe I am just overly cautious.

Can you believe our luck that we announce news of this magnitude and the market broke and we couldn't trade? I had my unfilled limit buy in at 36 about 5 seconds before it stopped!



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