InterDigital expects $63M to $67M in second quarter revenue, primarily recurring revenue

InterDigital Inc. (IDCC), the mobile technology research and development and licensing company  run by CEO William Merritt, said it expects its second quarter 2018 revenue to be between $63 million and $67 million. The Wilmington, Delaware-based company said this range is comprised primarily of recurring revenue and includes less than $1 million of non-recurring revenue. [...]

May 22nd, 2018|Categories: earnings, Patent Investing|Tags: , |

Allied Security Trust launches third annual industry patent purchase program

Allied Security Trust, the patent aggregator run by CEO Russell Binns Jr., said its third annual industry patent purchase program (IP3 2018) will focus on a narrower set of patented technologies owned by operating companies and be expanded beyond AST members. The Princeton, New Jersey-based company said this year’s program will focus on soliciting patents [...]

May 22nd, 2018|Categories: Patent Investing, Patent sale|Tags: , |

U.S. ITC judge sides with Samsung against Xperi, terminating complaint due to arbitration clause

An administrative law judge from the U.S. International Trade Commission sided with Samsung Electronics in an initial determination terminating the complaint filed by Xperi Corp. (XPER). San Jose, California-based Xperi said the initial determination was subject to a reversal by the full ITC and that it planned to appeal the decision. The ITC investigation involves [...]

May 21st, 2018|Categories: litigation, Patent Investing, US ITC|

(Update5) RPX had four preliminary offers to take it private in early 2017 between $13.50 and $16.10

RPX Corp. (RPXC), the struggling patent aggregator that agreed to sell itself to middle market private equity firm HGGC LLC for $10.50 a share or $555 million, said between February and June 2017, it received four preliminary proposals to acquire the company from$13.50 to $16.10 a share, suggesting its decision to wait a year allowed [...]

May 21st, 2018|Categories: Patent Investing|Tags: , |

(Update1) InterDigital names Dr. Henry Tirri as its new chief technology officer

InterDigital Inc. (IDCC), the mobile technology research and development and licensing company run by CEO Willam Merritt, said it appointed Dr. Henry Tirri, formerly an execute vice president at Harman International Industries, as Chief Technology Officer. Wilmington, Delaware-based InterDigital said Dr. Tirri is a technology executive with deep experience in a variety of technology areas, [...]

May 17th, 2018|Categories: exec changes, Patent Investing|Tags: , |