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Continued ...

In Q3, its sales and profits were both down on last year, by 17% to $76.5m and by 26% to $26.2m respectively, but results were ahead of analyst expectations. Analysts were pleased that the firm was still considering the sale of its 1.300-strong portfolio. The board "continues to thoroughly explore and evaluate potential strategic alternatives for the company, which may include a sale or other transaction," said CEO William Merritt in the statement. InterDigital has said that its IPR collection is more valuable than the patents auctioned off by Nortel, but the bubble may have burst following the Google-Motorola deal, and with several other portfolios coming to market, including some of Kodak's assets.

The main reason for the Q3 drop in revenue was an absence of $14.4m in royalties from LG. Patent licensing royalties were down by $10.8m overall to $75.3m, and the fixed fee portion of that sum totaled $33.2m, decline of 33%, mainly because of LG. Per-unit royalties fell from $35.8m a year earlier to $34.3m, largely because of a decline among Japanese customers. Clients which accounted for 10% or more of total revenue were Samsung (34%), RIM (13%) and HTC (12%).

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COMMENTS

Posted by staff on Tuesday 1st November, 2011

“Patent troll”

Call it what you will...patent hoarder, patent troll, non-practicing entity, shell company, etc. It all means one thing: “we’re using your invention and we’re not going to pay”. This is just dissembling by large infringers to kill any inventor support system. It is purely about legalizing theft.

Prior to eBay v Mercexchange, small entities had a viable chance at commercializing their inventions. If the defendant was found guilty, an injunction was most always issued. Then the inventor small entity could enjoy the exclusive use of his invention in commercializing it. Unfortunately, injunctions are often no longer available to small entity inventors because of the Supreme Court decision so we have no fair chance to compete with much larger entities who are now free to use our inventions. Essentially, large infringers now have your gun and all the bullets. Worse yet, inability to commercialize means those same small entities will not be hiring new employees to roll out their products and services. And now some of those same parties who killed injunctions for small entities and thus blocked their chance at commercializing now complain that small entity inventors are not commercializing. They created the problem and now they want to blame small entities for it. What dissembling! If you don’t like this state of affairs (your unemployment is running out), tell your Congress member. Then maybe we can get some sense back in the patent system with injunctions fully enforceable on all infringers by all inventors, large and small.

For the truth about trolls, please see http://truereform.piausa.org/default.html#pt.

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