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Re: arb award (bim)

By: bim24 in IDCC | Recommend this post (0)
Sat, 24 Aug 13 12:24 AM | 250 view(s)
Boardmark this board | InterDigital Communications
Msg. 46912 of 48237
(This msg. is a reply to 46911 by Rakitno)

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Rak

don't really want to beat this to death... but the past sales in the example was 7.9 Mil(vs the 7.2 you pointed out) and total revs were 76.5 M

originally I thought it might have been either RIMM or HTC but i reconciled the numbers and the fact that the earnings specifically stated how much we earned from each company and then realized it wasn't them.

I think we came to the conclusion it might have been sierra wireless.

anyways, don't worry... I am now in the camp of whether the customer is disclosed or not, as long as the money keeps coming in, it's all GOOD!


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The above is a reply to the following message:
Re: arb award (bim)
By: Rakitno
in IDCC
Sat, 24 Aug 13 12:08 AM
Msg. 46911 of 48237

The disclosure is based upon a customers revenue earned breaking 10% of total quarter or total annual revenue to date.

That audit revenue in your example may have related to RIM or HTC (both per unit) and hence (by default if you will) they were disclosed in the note quoted below. Although neither name was specifically tied to the "audit" mention.

Also technically, $7.2 million (the difference between the $7.9M and prior periods $0.7M) is less than 10% of the $76.5M reported in that quarter. If the entire revenue of $7.2M was from one customer and they had no further revenue in the quarter which would have caused them to exceed the $7.65M threshold ($76.5M x 10%) then according to managements disclosure policy this customer would not be disclosed in the note below.

Customers that accounted for ten percent or more of the $76.5 million of third quarter 2011 total revenue were Samsung Electronics Company, Ltd. ("Samsung") (34 percent), Research in Motion Limited ("RIM") (13 percent) and HTC Corporation ("HTC") (12 percent). 


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