WI-Lan Patentverwerter vor Turnaround? - 500 Beiträge pro Seite
eröffnet am 08.02.14 08:16:06 von
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ISIN: CA7477131055 · WKN: A2DS32 · Symbol: QTRH
1,7400
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Letzter Kurs 25.04.24 Toronto
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Werte aus der Branche Netzwerktechnik
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 0,8620 | +8,29 | |
| 1,9200 | +7,26 | |
| 0,8960 | +6,41 | |
| 67,48 | +4,06 | |
| 264,76 | +3,92 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 14,600 | -2,34 | |
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| 11,400 | -4,20 | |
| 0,9147 | -13,71 |
Feedback
WiLAN Reports Fourth Quarter and Fiscal Year 2013 Financial Results
Die Highlights:
Fourth Quarter 2013 Highlights
Revenues of $29.2 million, exceeding guidance.
Adjusted earnings* of $ 17.2 million, or 14 cents per share, exceeding guidance.
Signed license agreements with BlackBerry, HTC, Novatel and Sierra Wireless.
WiLAN subsidiary, Gladios, signed license agreement with Turbine, Inc.
Acquired portfolio of semiconductor patents from IXYS CH GmbH.
Signed agreement with Panasonic to license over 900 semiconductor patents.
Returned $5.7 million to shareholders in dividend and share buyback payments.
Fiscal Year 2013 Highlights
Revenues of $88.2 million.
Adjusted earnings* of $17.6 million, or 15 cents per share.
Signed licenses with 17 companies, bringing the total number of companies licensed to 279.
Signed seven licensing partnerships, bringing the total number to 17.
Returned $25.5 million to shareholders in dividend and share buyback payments.
Held cash and cash equivalents and short-term investments of $131.9 million at December 31, 2013.
http://finance.yahoo.com/news/wilan-reports-fourth-quarter-f…
WiLan: Could Q4's Profits Be The Start Of A Turnaround?
http://seekingalpha.com/article/2002121-wilan-could-q4s-prof…
Hier der Chart:
http://finance.yahoo.com/q/ta?s=WILN&t=1y&l=on&z=l&q=l&p=m50…
Die Highlights:
Fourth Quarter 2013 Highlights
Revenues of $29.2 million, exceeding guidance.
Adjusted earnings* of $ 17.2 million, or 14 cents per share, exceeding guidance.
Signed license agreements with BlackBerry, HTC, Novatel and Sierra Wireless.
WiLAN subsidiary, Gladios, signed license agreement with Turbine, Inc.
Acquired portfolio of semiconductor patents from IXYS CH GmbH.
Signed agreement with Panasonic to license over 900 semiconductor patents.
Returned $5.7 million to shareholders in dividend and share buyback payments.
Fiscal Year 2013 Highlights
Revenues of $88.2 million.
Adjusted earnings* of $17.6 million, or 15 cents per share.
Signed licenses with 17 companies, bringing the total number of companies licensed to 279.
Signed seven licensing partnerships, bringing the total number to 17.
Returned $25.5 million to shareholders in dividend and share buyback payments.
Held cash and cash equivalents and short-term investments of $131.9 million at December 31, 2013.
http://finance.yahoo.com/news/wilan-reports-fourth-quarter-f…
WiLan: Could Q4's Profits Be The Start Of A Turnaround?
http://seekingalpha.com/article/2002121-wilan-could-q4s-prof…
Hier der Chart:
http://finance.yahoo.com/q/ta?s=WILN&t=1y&l=on&z=l&q=l&p=m50…
Nachtrag:
Finally, the Board of Directors has declared a quarterly dividend of CAD 0.04 per share for the fourth quarter of 2013. This dividend will be paid on April 4, 2014, to shareholders of record on March 21, 2014.
http://seekingalpha.com/article/1982911-wi-lan-management-di…
Finally, the Board of Directors has declared a quarterly dividend of CAD 0.04 per share for the fourth quarter of 2013. This dividend will be paid on April 4, 2014, to shareholders of record on March 21, 2014.
http://seekingalpha.com/article/1982911-wi-lan-management-di…
2014-02-03
Black Rock picked up 5.5% of WiLan voting shares...
http://agoracom.com/ir/wiln/forums/discussion/topics/600026-…" target="_blank" rel="nofollow ugc noopener">http://agoracom.com/ir/wiln/forums/discussion/topics/600026-…
Black Rock picked up 5.5% of WiLan voting shares...
http://agoracom.com/ir/wiln/forums/discussion/topics/600026-…" target="_blank" rel="nofollow ugc noopener">http://agoracom.com/ir/wiln/forums/discussion/topics/600026-…
WILAN SIGNS DEFINITIVE LICENSE AGREEMENT WITH TOSHIBA
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WIN-2159472
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WIN-2159472
WI-Lan Dividen Information:
WJL XFRA CA9289721081 WI-LAN INC. 0.026 EUR
http://www.finanznachrichten.de/nachrichten-2014-03/29715673…
WJL XFRA CA9289721081 WI-LAN INC. 0.026 EUR
http://www.finanznachrichten.de/nachrichten-2014-03/29715673…
Trading Spotlight
Antwort auf Beitrag Nr.: 46.727.567 von Huges am 28.03.14 19:43:25Ich kaufe ein "d": Dividend Information
Beteiligungen an WI-Lan:
BLACKROCK Sole voting power
SHARES 6426353
SPROTT ASSET MANAGEMENT SOLE VOTING POWER
SHARES 8,939,800
http://www.nasdaq.com/symbol/wiln/sec-filings
BLACKROCK Sole voting power
SHARES 6426353
SPROTT ASSET MANAGEMENT SOLE VOTING POWER
SHARES 8,939,800
http://www.nasdaq.com/symbol/wiln/sec-filings
Der Chart sieht nicht schlecht aus: W-Formation
http://www.comdirect.de/inf/aktien/detail/chart.html?ID_NOTA…
http://www.comdirect.de/inf/aktien/detail/chart.html?ID_NOTA…
Per Mail:
WiLAN Subsidiary Acquires Automotive Patent Portfolio
OTTAWA, Canada – April 1, 2014 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN) (NASD:WILN) today announced that a subsidiary has acquired a patent portfolio that relates to technology used in automotive headlights.
"We are very pleased to have completed this acquisition,” said Jim Skippen, President & CEO. “This is our first acquisition in the automotive market, a market in which we see significant opportunity. Like the recent partnership with Panasonic, which anchors our new semiconductor licensing program, our drive into the automotive market continues our efforts to diversify and grow our business.”
The acquisition of this portfolio will be funded through a sharing of net revenues generated by licensing the patents. All other terms of the agreement are confidential.
WiLAN Subsidiary Acquires Automotive Patent Portfolio
OTTAWA, Canada – April 1, 2014 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN) (NASD:WILN) today announced that a subsidiary has acquired a patent portfolio that relates to technology used in automotive headlights.
"We are very pleased to have completed this acquisition,” said Jim Skippen, President & CEO. “This is our first acquisition in the automotive market, a market in which we see significant opportunity. Like the recent partnership with Panasonic, which anchors our new semiconductor licensing program, our drive into the automotive market continues our efforts to diversify and grow our business.”
The acquisition of this portfolio will be funded through a sharing of net revenues generated by licensing the patents. All other terms of the agreement are confidential.
WiLAN Subsidiary Signs Agreement with U.S. Wireless Carrier
http://finance.yahoo.com/news/wilan-subsidiary-signs-agreeme…
http://finance.yahoo.com/news/wilan-subsidiary-signs-agreeme…
3 Stocks From One of Canada’s Top Mutual Funds
...WiLAN
Ottawa-based WiLAN (TSX: WIN) is a developer, acquirer, and licensor of patents, primarily related to wireless technology. The company’s portfolio includes 4,000 patents, which the company uses mainly to pursue licensing revenue.
The great thing about licensing agreements is that they lead to recurring revenue with very high margins. The only problem is that WiLAN has to regularly sue companies that infringe on the company’s patents; otherwise, wireless technology companies would have little incentive to sign licensing agreements.
WiLAN’s business model leads to very volatile earnings numbers. And recently, the deal flow has slumped, depressing both earnings and the share price. In fact the shares are down 35% since July 2013, so now may be the perfect opportunity to steal some shares at a bargain price.
http://www.fool.ca/2014/04/08/3-stocks-from-one-of-canadas-t…
...WiLAN
Ottawa-based WiLAN (TSX: WIN) is a developer, acquirer, and licensor of patents, primarily related to wireless technology. The company’s portfolio includes 4,000 patents, which the company uses mainly to pursue licensing revenue.
The great thing about licensing agreements is that they lead to recurring revenue with very high margins. The only problem is that WiLAN has to regularly sue companies that infringe on the company’s patents; otherwise, wireless technology companies would have little incentive to sign licensing agreements.
WiLAN’s business model leads to very volatile earnings numbers. And recently, the deal flow has slumped, depressing both earnings and the share price. In fact the shares are down 35% since July 2013, so now may be the perfect opportunity to steal some shares at a bargain price.
http://www.fool.ca/2014/04/08/3-stocks-from-one-of-canadas-t…
Es geht bergauf!
http://finance.yahoo.com/q?s=WILN
Judge in WiLAN vs. Apple Litigation Rules that Certain WiLAN Patent Claims are Valid
OTTAWA, CANADA--(Marketwired - Apr 9, 2014) - Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO)(WILN) today announced that U.S. District Judge Rodney Gilstrap has ruled that claims 1 and 10 of WiLAN's U.S. Patent No. RE37,802 ("the 802 patent" ) were improperly invalidated by the jury in the WiLAN vs. Apple lawsuit in Marshall, Texas, in October 2013.
"The court is unable to find that the jury's finding as to the invalidity of claims 1 and 10 of the 802 patent is supported by substantial evidence," Judge Gilstrap wrote in his decision. "Accordingly, the jury's invalidity verdict cannot stand."
While the judge denied other aspects of WiLAN's motion for judgment, WiLAN President & CEO, Jim Skippen, commenting on the court's ruling, stated: "We believed all along that the claims in our 802 patent were valid, and this decision just reaffirms that belief. We also believe that the judge's ruling will be of significant benefit to WiLAN with respect to any future appeals we may make to the U.S. Federal courts concerning our ongoing intellectual property disputes with Apple."
http://finance.yahoo.com/news/judge-wilan-vs-apple-litigatio…" target="_blank" rel="nofollow ugc noopener">http://finance.yahoo.com/news/judge-wilan-vs-apple-litigatio…
http://finance.yahoo.com/q?s=WILN
Judge in WiLAN vs. Apple Litigation Rules that Certain WiLAN Patent Claims are Valid
OTTAWA, CANADA--(Marketwired - Apr 9, 2014) - Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO)(WILN) today announced that U.S. District Judge Rodney Gilstrap has ruled that claims 1 and 10 of WiLAN's U.S. Patent No. RE37,802 ("the 802 patent" ) were improperly invalidated by the jury in the WiLAN vs. Apple lawsuit in Marshall, Texas, in October 2013.
"The court is unable to find that the jury's finding as to the invalidity of claims 1 and 10 of the 802 patent is supported by substantial evidence," Judge Gilstrap wrote in his decision. "Accordingly, the jury's invalidity verdict cannot stand."
While the judge denied other aspects of WiLAN's motion for judgment, WiLAN President & CEO, Jim Skippen, commenting on the court's ruling, stated: "We believed all along that the claims in our 802 patent were valid, and this decision just reaffirms that belief. We also believe that the judge's ruling will be of significant benefit to WiLAN with respect to any future appeals we may make to the U.S. Federal courts concerning our ongoing intellectual property disputes with Apple."
http://finance.yahoo.com/news/judge-wilan-vs-apple-litigatio…" target="_blank" rel="nofollow ugc noopener">http://finance.yahoo.com/news/judge-wilan-vs-apple-litigatio…
Nun geht es Schlag auf Schlag:
WiLAN Acquires Automotive Portfolio and Provides More Information on Carrier License
OTTAWA, CANADA -- (Marketwired) -- 04/10/14 -- Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced that a subsidiary has acquired a patent portfolio that relates to automotive diagnostic technology. Although the terms of the agreement are confidential, WiLAN can confirm that it does not consider the purchase amount to be material relative to its current cash position.
"This acquisition, our second in the automotive market, strengthens our footprint in this market," said Jim Skippen, President & CEO. "The portfolio is an example of the broad range of technologies that are coming to WiLAN from many patent owners who are actively seeking WiLAN's assistance in monetizing their inventions through licensing partnerships or outright acquisition by WiLAN."
On April 2, 2014, WiLAN issued a press release announcing that a subsidiary of the Company had entered into a license agreement with a wireless carrier in the United States for patents related to wireless network management. WiLAN was restricted from revealing the name of the wireless carrier or the amount paid to WiLAN under the license. WiLAN confirms that this license is part of an exciting new licensing program launched by WiLAN in 2013. The key patents being licensed relate to security techniques used in wireless networks throughout the world. These patents are a subset of the global portfolio of patents and applications that WiLAN acquired from Siemens AG related to telecommunication network management and mobile multimedia in July 2012.
http://www.nasdaq.com/press-release/wilan-acquires-automotiv…
WiLAN Acquires Automotive Portfolio and Provides More Information on Carrier License
OTTAWA, CANADA -- (Marketwired) -- 04/10/14 -- Wi-LAN Inc. ("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced that a subsidiary has acquired a patent portfolio that relates to automotive diagnostic technology. Although the terms of the agreement are confidential, WiLAN can confirm that it does not consider the purchase amount to be material relative to its current cash position.
"This acquisition, our second in the automotive market, strengthens our footprint in this market," said Jim Skippen, President & CEO. "The portfolio is an example of the broad range of technologies that are coming to WiLAN from many patent owners who are actively seeking WiLAN's assistance in monetizing their inventions through licensing partnerships or outright acquisition by WiLAN."
On April 2, 2014, WiLAN issued a press release announcing that a subsidiary of the Company had entered into a license agreement with a wireless carrier in the United States for patents related to wireless network management. WiLAN was restricted from revealing the name of the wireless carrier or the amount paid to WiLAN under the license. WiLAN confirms that this license is part of an exciting new licensing program launched by WiLAN in 2013. The key patents being licensed relate to security techniques used in wireless networks throughout the world. These patents are a subset of the global portfolio of patents and applications that WiLAN acquired from Siemens AG related to telecommunication network management and mobile multimedia in July 2012.
http://www.nasdaq.com/press-release/wilan-acquires-automotiv…
Wi-LAN ruling in Apple case may boost takeover prospects
.....He expects Wi-Lan to issue a formal appeal in the Apple case within the next 30 days.
Mr. Ofir pointed out that while a formal appeal process could take three to six months before even knowing if it will be heard, the possibility of a stronger position against Apple can provide additional option value in a strategic review.
“Hence, while we do not believe that the shares will be materially higher on this announcement, it increases the probability of a bidder emerging and/or the potential value extracted in a sale process,” Mr. Ofir said, reiterating his speculative buy rating on Wi-LAN and $5 price target.
http://business.financialpost.com/2014/04/10/wi-lan-ruling-i…
.....He expects Wi-Lan to issue a formal appeal in the Apple case within the next 30 days.
Mr. Ofir pointed out that while a formal appeal process could take three to six months before even knowing if it will be heard, the possibility of a stronger position against Apple can provide additional option value in a strategic review.
“Hence, while we do not believe that the shares will be materially higher on this announcement, it increases the probability of a bidder emerging and/or the potential value extracted in a sale process,” Mr. Ofir said, reiterating his speculative buy rating on Wi-LAN and $5 price target.
http://business.financialpost.com/2014/04/10/wi-lan-ruling-i…
Global Maxfin Capital Inc.:
Rating: STRONG BUY
Target Price: $7.00
Market Capitalization: $367.1M
Risk Profile: HIGH
TECHNOLOGY – IP LICENSING
Ralph Garcea, P.Eng, MBA – Analyst
647.776.1763 • ralphg@globalmci.com
Chris Stringer – Associate
647.776.1762 • chriss@globalmci.com
http://www.globalmci.com/reports/wi-lan-inc-04102014.pdf
Rating: STRONG BUY
Target Price: $7.00
Market Capitalization: $367.1M
Risk Profile: HIGH
TECHNOLOGY – IP LICENSING
Ralph Garcea, P.Eng, MBA – Analyst
647.776.1763 • ralphg@globalmci.com
Chris Stringer – Associate
647.776.1762 • chriss@globalmci.com
http://www.globalmci.com/reports/wi-lan-inc-04102014.pdf
First Quarter 2014 Financial Results Conference Call
April 30, 2014
Time: 10:00 AM EST
Wi-LAN Inc. is tentatively scheduled to release its financial results for the first quarter 2014 ending March 31, 2014, and hold a conference call, on April 30, 2014. Please note that dates and times are subject to change.
http://wi-lan.com/investors/presentations-and-events/event-d…
April 30, 2014
Time: 10:00 AM EST
Wi-LAN Inc. is tentatively scheduled to release its financial results for the first quarter 2014 ending March 31, 2014, and hold a conference call, on April 30, 2014. Please note that dates and times are subject to change.
http://wi-lan.com/investors/presentations-and-events/event-d…
Neue Nachrichten:
WiLAN Files Appeal in Patent Dispute with Apple
OTTAWA, CANADA--(Marketwired - Apr 21, 2014) - Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO)(WILN) today announced that it has filed an appeal with the United States Court of Appeals for the Federal Circuit in its patent dispute with Apple Inc. ("Apple") involving WiLAN's U.S. Patent No. RE37,802 ("the 802 patent").
On April 3, 2014, Judge Rodney Gilstrap of the U.S. District Court for the Eastern District of Texas, ruled that the Jury had no basis for invalidating the 802 patent at the trial of the WiLAN vs. Apple lawsuit in October 2013.
"After considering the Court's ruling on April 3, and based on the advice of our counsel McKool Smith, we believe there are strong grounds for an appeal in this case," said Jim Skippen, President & CEO.
In addition to the case referenced above concerning the 802 patent, WiLAN is in litigation with Apple in the Southern District of California concerning the infringement of two patents related to LTE technology. WiLAN expects the case in Southern California to go to trial later this year if not settled earlier.
http://finance.yahoo.com/news/wilan-files-appeal-patent-disp…
WiLAN Files Appeal in Patent Dispute with Apple
OTTAWA, CANADA--(Marketwired - Apr 21, 2014) - Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO)(WILN) today announced that it has filed an appeal with the United States Court of Appeals for the Federal Circuit in its patent dispute with Apple Inc. ("Apple") involving WiLAN's U.S. Patent No. RE37,802 ("the 802 patent").
On April 3, 2014, Judge Rodney Gilstrap of the U.S. District Court for the Eastern District of Texas, ruled that the Jury had no basis for invalidating the 802 patent at the trial of the WiLAN vs. Apple lawsuit in October 2013.
"After considering the Court's ruling on April 3, and based on the advice of our counsel McKool Smith, we believe there are strong grounds for an appeal in this case," said Jim Skippen, President & CEO.
In addition to the case referenced above concerning the 802 patent, WiLAN is in litigation with Apple in the Southern District of California concerning the infringement of two patents related to LTE technology. WiLAN expects the case in Southern California to go to trial later this year if not settled earlier.
http://finance.yahoo.com/news/wilan-files-appeal-patent-disp…
WiLAN Acquires Irrigation Technology Patents and Revenue Stream
OTTAWA, CANADA--(Marketwired - Apr 16, 2014) - Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO) (WILN) today announced that a subsidiary has entered into a partnership agreement with the inventors of patented technologies that relate to the operation of irrigation control systems.
Under the terms of the agreement, WiLAN has assumed responsibility for licensing a patent portfolio with demonstrated market value. The portfolio has already been licensed and pursuant to the partnership agreement, WiLAN will receive the future revenue stream generated by all existing running royalty agreements. WiLAN will share, with the vendor, future revenues generated by new licenses to the portfolio. The Company did not pay any money up front for rights to the portfolio. Revenues from this agreement are expected to begin contributing to WiLAN's revenue stream in the second quarter of 2014.
"This partnership is one example of the many patent portfolios in diverse markets that are being offered to WiLAN by inventors and companies seeking the right partner to license their inventions," said Jim Skippen, President & CEO. "With a solid licensing track record, including over 280 companies licensed and an estimated three quarters of a billion dollars in bookings generated to date, WiLAN is the right licensing partner for many patent owners."
http://finance.yahoo.com/news/wilan-acquires-irrigation-tech…
OTTAWA, CANADA--(Marketwired - Apr 16, 2014) - Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO) (WILN) today announced that a subsidiary has entered into a partnership agreement with the inventors of patented technologies that relate to the operation of irrigation control systems.
Under the terms of the agreement, WiLAN has assumed responsibility for licensing a patent portfolio with demonstrated market value. The portfolio has already been licensed and pursuant to the partnership agreement, WiLAN will receive the future revenue stream generated by all existing running royalty agreements. WiLAN will share, with the vendor, future revenues generated by new licenses to the portfolio. The Company did not pay any money up front for rights to the portfolio. Revenues from this agreement are expected to begin contributing to WiLAN's revenue stream in the second quarter of 2014.
"This partnership is one example of the many patent portfolios in diverse markets that are being offered to WiLAN by inventors and companies seeking the right partner to license their inventions," said Jim Skippen, President & CEO. "With a solid licensing track record, including over 280 companies licensed and an estimated three quarters of a billion dollars in bookings generated to date, WiLAN is the right licensing partner for many patent owners."
http://finance.yahoo.com/news/wilan-acquires-irrigation-tech…
WiLAN Subsidiary Acquires Networking Technology
OTTAWA, CANADA--(Marketwired - Apr 22, 2014) - Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO) (WILN) today announced that a subsidiary has entered into a licensing partnership with the inventor of patented technology that relates to networking capabilities of non-standard devices.
"With this partnership and recent transactions in the automotive and energy markets, WiLAN is taking definitive steps to diversify our business and expand the number of patent portfolios that we can effectively license, all in an effort to increase the potential revenue that our business can generate," said Jim Skippen, President & CEO.
In a typical partnership program, the inventor(s) share in the success of the licensing program.
http://finance.yahoo.com/news/wilan-subsidiary-acquires-netw…
OTTAWA, CANADA--(Marketwired - Apr 22, 2014) - Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO) (WILN) today announced that a subsidiary has entered into a licensing partnership with the inventor of patented technology that relates to networking capabilities of non-standard devices.
"With this partnership and recent transactions in the automotive and energy markets, WiLAN is taking definitive steps to diversify our business and expand the number of patent portfolios that we can effectively license, all in an effort to increase the potential revenue that our business can generate," said Jim Skippen, President & CEO.
In a typical partnership program, the inventor(s) share in the success of the licensing program.
http://finance.yahoo.com/news/wilan-subsidiary-acquires-netw…
APRIL 23, 2014 BY SEAN PEASGOOD
Highlights:
Wi-LAN’s Valuation Looks Compelling Going into Q1 Earnings
WIN has adjusted cash of $118 million or $1.00 per share
Q1 Results Should Beat Guidance
Wi-LAN Could Generate EPS of $0.37-$0.40+ in 2014
Valuation Looks Attractive Ahead of Positive Operating Leverage in 2014 and Pays a 5% Dividend
In October, Wi-LAN Announced it was Exploring Strategic Alternatives
Recent News Should Put Apple Back on the Table Going into the End of the Year
http://www.cantechletter.com/2014/04/wi-lans-valuation-looks…" target="_blank" rel="nofollow ugc noopener">http://www.cantechletter.com/2014/04/wi-lans-valuation-looks…
Highlights:
Wi-LAN’s Valuation Looks Compelling Going into Q1 Earnings
WIN has adjusted cash of $118 million or $1.00 per share
Q1 Results Should Beat Guidance
Wi-LAN Could Generate EPS of $0.37-$0.40+ in 2014
Valuation Looks Attractive Ahead of Positive Operating Leverage in 2014 and Pays a 5% Dividend
In October, Wi-LAN Announced it was Exploring Strategic Alternatives
Recent News Should Put Apple Back on the Table Going into the End of the Year
http://www.cantechletter.com/2014/04/wi-lans-valuation-looks…" target="_blank" rel="nofollow ugc noopener">http://www.cantechletter.com/2014/04/wi-lans-valuation-looks…
Shares Outstanding 119,909,000
http://www.nasdaq.com/symbol/wiln/stock-report
Institutional Ownership:
Institutional Summary
Total Number of Holders 63
% of Shares Outstanding 25.42%
Total Shares Held 30,477,290
Total Value of Holdings 91,736,643
Net Activity (3,207,163)
Top 5 Holders
BLACKROCK INC. 5,917,586
GREAT WEST LIFE ASSURANCE CO /CAN/ 3,877,867
HALCYON OFFSHORE ASSET MANAGEMENT LLC 3,815,301
INVESCO LTD. 2,189,700
CONNOR CLARK & LUNN INVESTMENT MANAGEMENT LTD 2,079,352
Read more: http://www.nasdaq.com/symbol/wiln/ownership-summary#ixzz3067…
http://www.nasdaq.com/symbol/wiln/stock-report
Institutional Ownership:
Institutional Summary
Total Number of Holders 63
% of Shares Outstanding 25.42%
Total Shares Held 30,477,290
Total Value of Holdings 91,736,643
Net Activity (3,207,163)
Top 5 Holders
BLACKROCK INC. 5,917,586
GREAT WEST LIFE ASSURANCE CO /CAN/ 3,877,867
HALCYON OFFSHORE ASSET MANAGEMENT LLC 3,815,301
INVESCO LTD. 2,189,700
CONNOR CLARK & LUNN INVESTMENT MANAGEMENT LTD 2,079,352
Read more: http://www.nasdaq.com/symbol/wiln/ownership-summary#ixzz3067…
Wednesday, Apr 30
6:48 AM
Wi-Lan Inc. beats by $0.04, beats on revenue
WiLAN Reports First Quarter 2014 Financial Results
Wed April 30, 2014 6:30 AM|Marketwire | About: WILN
OTTAWA, CANADA -- (Marketwired) -- 04/30/14 -- Wi-LAN Inc. (WIN.TO) ("WiLAN" or the "Company") (TSX: WIN) (NASDAQ: WILN) today announced financial results for the first quarter 2014 ended March 31, 2014. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.
First Quarter 2014 Highlights
-- Revenues of $26.0 million, exceeding guidance of $22.6 million.
-- Adjusted earnings(i) of $16.8 million, or 14 cents per basic share,
exceeding guidance of between $10.6 million and $12.6 million.
-- GAAP earnings of $4.0 million or 3 cents per basic share.
-- Signed agreements with Toshiba Corporation and Hon Hai Precision
Industry Co. Ltd. to resolve litigations.
-- Returned $4.5 million to shareholders in dividend payments.
-- Subsequent to quarter end, signed license for network management
technology with U.S. wireless carrier.
-- Subsequent to quarter end, entered the automotive market with two
licensing partnerships.
"Our ongoing effort to expand our business has made significant progress so far in 2014," said Jim Skippen, President & CEO. "The license agreement signed in our network management program and early activities that we have completed in our semiconductor program have moved these licensing programs forward. Partnerships signed early in the second quarter have driven WiLAN into the large automotive market. With multiple new programs and many other opportunities being evaluated by our team, we see significant growth potential in our business."
Added Skippen, "We have begun 2014 with a very strong first quarter. A further reduction in our litigation expenses, due in part to the new shared risk fee model that WiLAN is adopting with counsel, helped WiLAN generate strong adjusted and GAAP earnings in the quarter."
Eligible Dividend
The Board of Directors has declared an eligible dividend of CDN $0.04 per common share to be paid on July 3, 2014 to shareholders of record on June 13, 2014.
http://seekingalpha.com/pr/9736553-wilan-reports-first-quart…
6:48 AM
Wi-Lan Inc. beats by $0.04, beats on revenue
WiLAN Reports First Quarter 2014 Financial Results
Wed April 30, 2014 6:30 AM|Marketwire | About: WILN
OTTAWA, CANADA -- (Marketwired) -- 04/30/14 -- Wi-LAN Inc. (WIN.TO) ("WiLAN" or the "Company") (TSX: WIN) (NASDAQ: WILN) today announced financial results for the first quarter 2014 ended March 31, 2014. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated.
First Quarter 2014 Highlights
-- Revenues of $26.0 million, exceeding guidance of $22.6 million.
-- Adjusted earnings(i) of $16.8 million, or 14 cents per basic share,
exceeding guidance of between $10.6 million and $12.6 million.
-- GAAP earnings of $4.0 million or 3 cents per basic share.
-- Signed agreements with Toshiba Corporation and Hon Hai Precision
Industry Co. Ltd. to resolve litigations.
-- Returned $4.5 million to shareholders in dividend payments.
-- Subsequent to quarter end, signed license for network management
technology with U.S. wireless carrier.
-- Subsequent to quarter end, entered the automotive market with two
licensing partnerships.
"Our ongoing effort to expand our business has made significant progress so far in 2014," said Jim Skippen, President & CEO. "The license agreement signed in our network management program and early activities that we have completed in our semiconductor program have moved these licensing programs forward. Partnerships signed early in the second quarter have driven WiLAN into the large automotive market. With multiple new programs and many other opportunities being evaluated by our team, we see significant growth potential in our business."
Added Skippen, "We have begun 2014 with a very strong first quarter. A further reduction in our litigation expenses, due in part to the new shared risk fee model that WiLAN is adopting with counsel, helped WiLAN generate strong adjusted and GAAP earnings in the quarter."
Eligible Dividend
The Board of Directors has declared an eligible dividend of CDN $0.04 per common share to be paid on July 3, 2014 to shareholders of record on June 13, 2014.
http://seekingalpha.com/pr/9736553-wilan-reports-first-quart…
Wi-LAN Inc. Technology Ralph Garcea Rating: STRONG BUY
Risk: HIGH Target: US$7.00
WIN Q114 RESULTS – BEAT TO THE UPSIDE - Global MCI - Analysis
posted on May 01, 14 04:57PM (Log in to use the IP Check tool) [?]
WIN Q114 RESULTS – BEAT TO THE UPSIDE
TECHNOLOGY – IP LICENSING
Ralph Garcea, P.Eng, MBA – Analyst
647.776.1763 • ralphg@globalmci.com
Chris Stringer – Associate
647.776.1762 • chriss@globalmci.com
Rating: STRONG BUY
Target Price: $7.00
Market Capitalization: $371.7M
Risk Profile: HIGH
EVENTS WIN reported Q114 revenue of $26.0M (GMCI: $23.1M, Cons: $23.4M), adj. earnings of $16.8M (GMCI: $14.0M, Cons: $11.5M), and adj. EPS of $0.14 (GMCI: $0.12, Cons: $0.10).
IMPLICATIONS Positive. WIN beat on both our top and bottom line estimates, reporting a 41% y/y increase in revenue and an 11-fold increase in adj. earnings ($16.8M vs. $1.3M). Cost of sales was down due to a significant reduction in litigation expenses, primarily attributable to a decrease in litigation activities and a reduction in legal fees. WIN’s strategic review process is ongoing, and we could see a special dividend in the interim – as other shareholder value enhancing alternatives are studied. We believe likely acquirers of WIN could be Sterling Partners (acquired Mosaid), Intellectual Ventures (Private), Rockstar (Private – acquired Nortel patents), InterDigital (IDCC-US, Not Rated), and Acacia Research (ACTG-US, Not Rated).
CATALYSTS Near term: We expect WIN to appeal the 3GPP and CDMA/HSPA cases; and signing of new licensing deals across the patent portfolio (wireless, digital TV, semis, automotive). Long term: WIN has the ability to acquire new patent portfolios and sign new partnerships with large multinational corporations (MNCs); leverage existing partnerships and new portfolios across new geographies and emerging technologies; and increase the dividend.
VALUATION On our 2015E estimates, WIN trades at an EV/Sales of 1.8x and an EV/EBITDA of 3.2x versus its comparables trading at 3.1x and 8.7x, respectively.
Thesis: Wi-LAN has 280+ licensees of the Company’s patent portfolio of over 4,000 patents covering wireless and wireline access, digital TV and display, semiconductors, medical devices, and cloud computing. WIN also has formed partnerships with companies to jointly license new technologies. The Company has a seasoned management team and a strong balance sheet to support a litigation strategy, if required.
WIN reported Q114 revenue of $26.0M (GMCI: $23.1M, Cons: $23.4M), adj. earnings of $16.8M (GMCI: $14.0M, Cons: $11.5M) and adj. EPS of $0.14 (GMCI: $0.12, Cons: $0.10).
FQ114 RESULTS| WIN reported first quarter revenue of $26.0M, up 41% y/y due to higher fixed-payments from license agreements. Cost of revenue was down 31% y/y ($14.6M vs. $21.3M) due to a decrease in litigation expenses, which amounted to $1.7M in the quarter compared to $11.7M in Q113. The decrease in litigation expenses was primarily attributable to a decrease in litigation activities and a reduction in legal fees. We note that patent management expenses (patent maintenance, prosecution, and evaluation expenses) will now be included in cost of sales, which was previously recognized as part of R&D expenses.
At March 31, 2014, WIN had cash and short-term investments of $142.4M. The increase in cash y/y (total of $10.5M) is primarily attributable to the inflow of $21.4M from CFO, while offset by returning $4.5M to shareholders in dividend payments and the acquisition of patents amounting to $5.7M.
The Board declared a quarterly dividend of C$0.04 per common share. The record date for the dividend is June 13, 2014, and the payment date is July 3, 2014. We believe the dividend is sustainable given WIN’s track record of generating positive cash flow, and we look for future dividend increases.
Q214E GUIDANCE| WIN management sees Q214E revenue of at least $19.4M, operating expenses of $9.0-10.2M (including $1.4-2.5M in litigation expenses), and adjusted earnings in the range of $9.4-10.5M. The revenue guidance is provided prior to the completion of the second quarter and as such, a number of reports that normally are submitted at or shortly after the month-end have yet to be received by WIN. We are looking for Q214E revenue of $21.7M, adj. EBITDA of $13.8M, and adj. EPS of $0.12.
STRATEGIC REVIEW| On October 30, 2013, WIN’s Board of Directors initiated a process to consider strategic alternatives to enhance shareholder value. This includes changes to WIN’s dividend policy or other forms of return of capital to shareholders, the acquisition or disposition of assets, joint ventures, the sale of the Company, alternative operating models or continuing with the current business plan, among other potential alternatives. A timetable was not set for the end of the review process, but WIN is running the company as if it were "business as usual". We believe likely acquirers of WIN could be Sterling Partners (acquired Mosaid), Intellectual Ventures (Private), Rockstar (Private – acquired Nortel patents), InterDigital (IDCC-US, Not Rated), and Acacia Research (ACTG-US, Not Rated).
RECENT EVENTS
PATENT VALIDATION| In connection with WIN’s October 2013 lawsuit against Apple (AAPL-US; Not Rated), US District Judge Rodney Gilstrap reversed the jury’s invalidity ruling, stating that claims 1 and 10 of WIN’s US patent #RE37,802 ("the 802 patent") were wrongly invalidated by the jury; therefore, the verdict cannot stand. The ruling of non-infringement, however, was not reversed. WIN has appealed the infringement to the US CAFC. We believe the validity decision strengthens WIN’s case for an appeal against Apple.
WIRELESS LICENSING AGREEMENT| WIN signed a license agreement with a US wireless carrier for certain patents relating to security techniques used in wireless networks. These patents are a subset of the patent portfolio that WIN acquired from Siemens AG (SIE-FRE: Not Rated) in July 2012. All terms of the agreement are confidential.
AUTOMOTIVE PATENT PORTFOLIOS| WIN acquired a patent portfolio relating to automotive diagnostic technology. All terms of the agreement are confidential; however, WIN stated that it does not consider the purchase amount to be material relative to its cash position. We note, this is the second automotive patent portfolio WIN has acquired. On April 1, 2014, WIN acquired another automotive patent portfolio relating to technology used in automotive headlights. We believe the automotive patent portfolios will help further diversify the Company’s business.
HON HAI LITIGATION| On February 24, 2014, WIN reached an agreement to settle all pending litigations (relating to its V-Chip patent) with Hon Hai Precision Industry (2317-TPE, Not Rated). All financial terms of the agreement are confidential. WIN filed the original suit on October 1, 2012, in Florida State Court concerning Hon Hai’s failure to report TV revenues related to WIN’s V-Chip patent as a part of a deal signed with WIN in January 2008. Hon Hai’s response was to file a suit on October 23, 2012, in New York requesting a declaratory judgement (DJ) that it did not infringe WIN’s V-Chip patent and to declare the patent invalid
http://agoracom.com/ir/wiln/forums/discussion/topics/610824-…" target="_blank" rel="nofollow ugc noopener">http://agoracom.com/ir/wiln/forums/discussion/topics/610824-…
http://www.globalmci.com/research/coverage-universe/
Risk: HIGH Target: US$7.00
WIN Q114 RESULTS – BEAT TO THE UPSIDE - Global MCI - Analysis
posted on May 01, 14 04:57PM (Log in to use the IP Check tool) [?]
WIN Q114 RESULTS – BEAT TO THE UPSIDE
TECHNOLOGY – IP LICENSING
Ralph Garcea, P.Eng, MBA – Analyst
647.776.1763 • ralphg@globalmci.com
Chris Stringer – Associate
647.776.1762 • chriss@globalmci.com
Rating: STRONG BUY
Target Price: $7.00
Market Capitalization: $371.7M
Risk Profile: HIGH
EVENTS WIN reported Q114 revenue of $26.0M (GMCI: $23.1M, Cons: $23.4M), adj. earnings of $16.8M (GMCI: $14.0M, Cons: $11.5M), and adj. EPS of $0.14 (GMCI: $0.12, Cons: $0.10).
IMPLICATIONS Positive. WIN beat on both our top and bottom line estimates, reporting a 41% y/y increase in revenue and an 11-fold increase in adj. earnings ($16.8M vs. $1.3M). Cost of sales was down due to a significant reduction in litigation expenses, primarily attributable to a decrease in litigation activities and a reduction in legal fees. WIN’s strategic review process is ongoing, and we could see a special dividend in the interim – as other shareholder value enhancing alternatives are studied. We believe likely acquirers of WIN could be Sterling Partners (acquired Mosaid), Intellectual Ventures (Private), Rockstar (Private – acquired Nortel patents), InterDigital (IDCC-US, Not Rated), and Acacia Research (ACTG-US, Not Rated).
CATALYSTS Near term: We expect WIN to appeal the 3GPP and CDMA/HSPA cases; and signing of new licensing deals across the patent portfolio (wireless, digital TV, semis, automotive). Long term: WIN has the ability to acquire new patent portfolios and sign new partnerships with large multinational corporations (MNCs); leverage existing partnerships and new portfolios across new geographies and emerging technologies; and increase the dividend.
VALUATION On our 2015E estimates, WIN trades at an EV/Sales of 1.8x and an EV/EBITDA of 3.2x versus its comparables trading at 3.1x and 8.7x, respectively.
Thesis: Wi-LAN has 280+ licensees of the Company’s patent portfolio of over 4,000 patents covering wireless and wireline access, digital TV and display, semiconductors, medical devices, and cloud computing. WIN also has formed partnerships with companies to jointly license new technologies. The Company has a seasoned management team and a strong balance sheet to support a litigation strategy, if required.
WIN reported Q114 revenue of $26.0M (GMCI: $23.1M, Cons: $23.4M), adj. earnings of $16.8M (GMCI: $14.0M, Cons: $11.5M) and adj. EPS of $0.14 (GMCI: $0.12, Cons: $0.10).
FQ114 RESULTS| WIN reported first quarter revenue of $26.0M, up 41% y/y due to higher fixed-payments from license agreements. Cost of revenue was down 31% y/y ($14.6M vs. $21.3M) due to a decrease in litigation expenses, which amounted to $1.7M in the quarter compared to $11.7M in Q113. The decrease in litigation expenses was primarily attributable to a decrease in litigation activities and a reduction in legal fees. We note that patent management expenses (patent maintenance, prosecution, and evaluation expenses) will now be included in cost of sales, which was previously recognized as part of R&D expenses.
At March 31, 2014, WIN had cash and short-term investments of $142.4M. The increase in cash y/y (total of $10.5M) is primarily attributable to the inflow of $21.4M from CFO, while offset by returning $4.5M to shareholders in dividend payments and the acquisition of patents amounting to $5.7M.
The Board declared a quarterly dividend of C$0.04 per common share. The record date for the dividend is June 13, 2014, and the payment date is July 3, 2014. We believe the dividend is sustainable given WIN’s track record of generating positive cash flow, and we look for future dividend increases.
Q214E GUIDANCE| WIN management sees Q214E revenue of at least $19.4M, operating expenses of $9.0-10.2M (including $1.4-2.5M in litigation expenses), and adjusted earnings in the range of $9.4-10.5M. The revenue guidance is provided prior to the completion of the second quarter and as such, a number of reports that normally are submitted at or shortly after the month-end have yet to be received by WIN. We are looking for Q214E revenue of $21.7M, adj. EBITDA of $13.8M, and adj. EPS of $0.12.
STRATEGIC REVIEW| On October 30, 2013, WIN’s Board of Directors initiated a process to consider strategic alternatives to enhance shareholder value. This includes changes to WIN’s dividend policy or other forms of return of capital to shareholders, the acquisition or disposition of assets, joint ventures, the sale of the Company, alternative operating models or continuing with the current business plan, among other potential alternatives. A timetable was not set for the end of the review process, but WIN is running the company as if it were "business as usual". We believe likely acquirers of WIN could be Sterling Partners (acquired Mosaid), Intellectual Ventures (Private), Rockstar (Private – acquired Nortel patents), InterDigital (IDCC-US, Not Rated), and Acacia Research (ACTG-US, Not Rated).
RECENT EVENTS
PATENT VALIDATION| In connection with WIN’s October 2013 lawsuit against Apple (AAPL-US; Not Rated), US District Judge Rodney Gilstrap reversed the jury’s invalidity ruling, stating that claims 1 and 10 of WIN’s US patent #RE37,802 ("the 802 patent") were wrongly invalidated by the jury; therefore, the verdict cannot stand. The ruling of non-infringement, however, was not reversed. WIN has appealed the infringement to the US CAFC. We believe the validity decision strengthens WIN’s case for an appeal against Apple.
WIRELESS LICENSING AGREEMENT| WIN signed a license agreement with a US wireless carrier for certain patents relating to security techniques used in wireless networks. These patents are a subset of the patent portfolio that WIN acquired from Siemens AG (SIE-FRE: Not Rated) in July 2012. All terms of the agreement are confidential.
AUTOMOTIVE PATENT PORTFOLIOS| WIN acquired a patent portfolio relating to automotive diagnostic technology. All terms of the agreement are confidential; however, WIN stated that it does not consider the purchase amount to be material relative to its cash position. We note, this is the second automotive patent portfolio WIN has acquired. On April 1, 2014, WIN acquired another automotive patent portfolio relating to technology used in automotive headlights. We believe the automotive patent portfolios will help further diversify the Company’s business.
HON HAI LITIGATION| On February 24, 2014, WIN reached an agreement to settle all pending litigations (relating to its V-Chip patent) with Hon Hai Precision Industry (2317-TPE, Not Rated). All financial terms of the agreement are confidential. WIN filed the original suit on October 1, 2012, in Florida State Court concerning Hon Hai’s failure to report TV revenues related to WIN’s V-Chip patent as a part of a deal signed with WIN in January 2008. Hon Hai’s response was to file a suit on October 23, 2012, in New York requesting a declaratory judgement (DJ) that it did not infringe WIN’s V-Chip patent and to declare the patent invalid
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http://www.globalmci.com/research/coverage-universe/
Heute läuft´s:
Wi-Lan Inc Real Time Stock Quotes
$3.3299
*
0.1799
5.71%
Get WILN Alerts
Read more: http://www.nasdaq.com/symbol/wiln/real-time#ixzz30s2HCPXX
Wi-Lan Inc Real Time Stock Quotes
$3.3299
*
0.1799
5.71%
Get WILN Alerts
Read more: http://www.nasdaq.com/symbol/wiln/real-time#ixzz30s2HCPXX
WiLAN's (WILN) CEO Jim Skippen on Q1 2014 Results - Earnings Call Transcript
http://seekingalpha.com/article/2192443-wilans-wiln-ceo-jim-…
Letzter Kurs am 5.5.2014:
Wi-Lan Inc Real Time Stock Quotes
$3.35 + 0,2 6.35%
Get WILN Alerts
Read more: http://www.nasdaq.com/symbol/wiln/real-time#ixzz30uAGerbD
http://seekingalpha.com/article/2192443-wilans-wiln-ceo-jim-…
Letzter Kurs am 5.5.2014:
Wi-Lan Inc Real Time Stock Quotes
$3.35 + 0,2 6.35%
Get WILN Alerts
Read more: http://www.nasdaq.com/symbol/wiln/real-time#ixzz30uAGerbD
Pre-Market Volume: Pre-Market High: Pre-Market Low:
5,756 $ $4.04 08:00:20 AM) $ 3.51
(08:00:10 AM)
Read more: http://www.nasdaq.com/symbol/wiln/premarket#ixzz3128uAxP8
5,756 $ $4.04 08:00:20 AM) $ 3.51
(08:00:10 AM)
Read more: http://www.nasdaq.com/symbol/wiln/premarket#ixzz3128uAxP8
Heute geht´s bergab, wegen oder trotz der Nachrichten?:
WiLAN Concludes Strategic Review; Formulates Growth Plan
$200 million sustainable annual revenue opportunity in five years
Quarterly dividend to increase 25% to a current per share yield of 5.6%
Company to hold conference call on May 14, 2014 at 5:00 PM ET
Read more: http://www.nasdaq.com/press-release/wilan-concludes-strategi…
WiLAN Concludes Strategic Review; Formulates Growth Plan
$200 million sustainable annual revenue opportunity in five years
Quarterly dividend to increase 25% to a current per share yield of 5.6%
Company to hold conference call on May 14, 2014 at 5:00 PM ET
Read more: http://www.nasdaq.com/press-release/wilan-concludes-strategi…
....Investors interested in the Telecommunications Equipment industry may consider better-ranked stocks like Cypress Semiconductor Corporation (CY), Wi-Lan Inc. (WILN) and Marvell Technology Group Ltd. (MRVL). While Cypress and Wi-Lan each carry a Zacks Rank #1 (Strong Buy), Marvell holds a Zacks Rank #2 (Buy).
http://finance.yahoo.com/news/neophotonics-nptn-crumbles-sto…
Genau meine Meinung.
http://finance.yahoo.com/news/neophotonics-nptn-crumbles-sto…
Genau meine Meinung.
Intellectual asset management-Blog:
WiLAN confirms acquisition approaches and puts up to 2,000 patents on sale
Vollständiger Artikel:
http://www.iam-magazine.com/blog/detail.aspx?g=6904e240-3514…
WiLAN confirms acquisition approaches and puts up to 2,000 patents on sale
Vollständiger Artikel:
http://www.iam-magazine.com/blog/detail.aspx?g=6904e240-3514…
!
Dieser Beitrag wurde von CloudMOD moderiert. Grund: auf eigenen Wunsch des Users
Should Wi-Lan (WILN) Be On Your Radar Now?
Zacks By Zacks Equity Research
....You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 354.5%, which should ultimately translate into price appreciation.
And if this isn’t enough, WILN currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Wi-Lan. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for WILN and that now might be an interesting buying opportunity.
http://finance.yahoo.com/news/wi-lan-wiln-radar-now-11334850…
Zacks By Zacks Equity Research
....You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 354.5%, which should ultimately translate into price appreciation.
And if this isn’t enough, WILN currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Wi-Lan. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for WILN and that now might be an interesting buying opportunity.
http://finance.yahoo.com/news/wi-lan-wiln-radar-now-11334850…
New litigation
posted on May 20, 14 11:52AM (Log in to use the IP Check tool) [?]
Law360, New York (May 19, 2014, 3:26 PM ET) -- Amazon Inc., Google Inc. and two others were sued Friday by a unit of patent licensing company Wi-LAN Inc. over allegations that the companies sold devices such as the Kindle and the Nexus tablets that lifted patented network communication technology.
http://agoracom.com/ir/wiln/forums/discussion/topics/612553-…
posted on May 20, 14 11:52AM (Log in to use the IP Check tool) [?]
Law360, New York (May 19, 2014, 3:26 PM ET) -- Amazon Inc., Google Inc. and two others were sued Friday by a unit of patent licensing company Wi-LAN Inc. over allegations that the companies sold devices such as the Kindle and the Nexus tablets that lifted patented network communication technology.
http://agoracom.com/ir/wiln/forums/discussion/topics/612553-…
Zur Erinnerung
Eligible Dividend
The Board of Directors has declared an eligible dividend of CDN $0.04 per common share to be paid on July 3, 2014 to shareholders of record on June 13, 2014.
http://finance.yahoo.com/news/wilan-reports-first-quarter-20…
Eligible Dividend
The Board of Directors has declared an eligible dividend of CDN $0.04 per common share to be paid on July 3, 2014 to shareholders of record on June 13, 2014.
http://finance.yahoo.com/news/wilan-reports-first-quarter-20…
Aus dem Agoraboard:
Our Boys Are Busy...
posted on May 21, 14 07:41PM (Log in to use the IP Check tool) [?]
Looks like our boys at Wi-lan are busy... this info from the "RPX" site
WiLAN Incorporated
and its "34" known
subsidiaries
DATE FILED
05/21/2014 Open Network Solutions Inc. v. Seiko Epson Corporation, et al.
05/21/2014 Open Network Solutions Inc. v. Cavium Inc.
05/21/2014 Open Network Solutions Inc. v. Wincor Nixdorf International GmbH, et al.
05/21/2014 Open Network Solutions Inc. v. Advanced Digital Broadcast Holdings SA, et al.
05/19/2014 Telefonaktiebolaget LM Ericsson et al v. Wi-LAN USA, Inc. et al
05/16/2014 Open Network Solutions Inc. v. Canon Inc. et al
05/16/2014 Open Network Solutions Inc. v. Amazon Inc.
http://agoracom.com/ir/wiln/forums/discussion/topics/612724-…
Our Boys Are Busy...
posted on May 21, 14 07:41PM (Log in to use the IP Check tool) [?]
Looks like our boys at Wi-lan are busy... this info from the "RPX" site
WiLAN Incorporated
and its "34" known
subsidiaries
DATE FILED
05/21/2014 Open Network Solutions Inc. v. Seiko Epson Corporation, et al.
05/21/2014 Open Network Solutions Inc. v. Cavium Inc.
05/21/2014 Open Network Solutions Inc. v. Wincor Nixdorf International GmbH, et al.
05/21/2014 Open Network Solutions Inc. v. Advanced Digital Broadcast Holdings SA, et al.
05/19/2014 Telefonaktiebolaget LM Ericsson et al v. Wi-LAN USA, Inc. et al
05/16/2014 Open Network Solutions Inc. v. Canon Inc. et al
05/16/2014 Open Network Solutions Inc. v. Amazon Inc.
http://agoracom.com/ir/wiln/forums/discussion/topics/612724-…
Analystenmeinungen:
WI-LAN Downgraded to Hold at Clarus Securities (WILN)
Posted by paymon on May 15th, 2014 // No Comments
WI-LAN (NASDAQ:WILN) was downgraded by equities research analysts at Clarus Securities from a “speculative buy” rating to a “hold” rating in a research note issued to investors on Thursday, American Banking News reports.
....Separately, analysts at Zacks downgraded shares of WI-LAN from a “neutral” rating to an “underperform” rating in a research note on Thursday, April 24th. They now have a $2.80 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. WI-LAN currently has an average rating of “Hold” and an average target price of $3.15.
http://www.lulegacy.com/2014/05/15/wi-lan-downgraded-to-hold…" target="_blank" rel="nofollow ugc noopener">http://www.lulegacy.com/2014/05/15/wi-lan-downgraded-to-hold…
WI-LAN Downgraded to Hold at Clarus Securities (WILN)
Posted by paymon on May 15th, 2014 // No Comments
WI-LAN (NASDAQ:WILN) was downgraded by equities research analysts at Clarus Securities from a “speculative buy” rating to a “hold” rating in a research note issued to investors on Thursday, American Banking News reports.
....Separately, analysts at Zacks downgraded shares of WI-LAN from a “neutral” rating to an “underperform” rating in a research note on Thursday, April 24th. They now have a $2.80 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. WI-LAN currently has an average rating of “Hold” and an average target price of $3.15.
http://www.lulegacy.com/2014/05/15/wi-lan-downgraded-to-hold…" target="_blank" rel="nofollow ugc noopener">http://www.lulegacy.com/2014/05/15/wi-lan-downgraded-to-hold…
WiLAN Vorstand billigt Plan für die Normal-Aktienrückkaufprogramm
WiLAN Board Approves Plan for Normal Course Issuer Bid
OTTAWA, CANADA--(Marketwired - May 27, 2014) - Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO)(WILN) today announced that its Board of Directors has approved the adoption of a normal course issuer bid ("NCIB") to purchase for cancellation up to 11,676,510 issued and outstanding common shares ("Shares") representing approximately 10% of the 116,765,100 Shares in the public float as of May 25, 2014 through the facilities of the Toronto Stock Exchange ("TSX") and other Canadian trading platforms.
The NCIB is subject to obtaining requisite regulatory approvals including filing notice with the TSX. The NCIB is expected to commence on May 29, 2014 after WiLAN receives regulatory approval and will expire on May 28, 2015.
As of May 25, 2014 the total number of issued and outstanding Shares was 119,974,315. The average daily trading volume for the six months ending on May 25, 2014 was 462,572 Shares. Daily purchases will be limited to 115,643 Shares, other than block purchase exceptions. During any of the Company's blackout periods, purchases under the NCIB may continue under an automatic securities purchase plan between WiLAN and its broker which will be put in place during the NCIB.
WiLAN and its Board of Directors believe that this NCIB is in the best interests of its shareholders and the repurchases made under this NCIB will be made, in part, to offset the dilutive effect of Shares expected to be issued upon the exercise of stock options under the Company's stock option plan.
The actual number of Shares purchased, the timing of purchases and the price at which the Shares are bought will depend on future market conditions and on potential alternative uses for WiLAN's cash resources. Any purchases will be subject to trading restrictions and will be made by WiLAN at the prevailing market price of the Shares at the time of purchase.
For the past twelve months, WiLAN has repurchased an aggregate of 1,461,800 Shares at a weighted average price of $3.7660 per Share.
http://finance.yahoo.com/news/wilan-board-approves-plan-norm…
WiLAN Board Approves Plan for Normal Course Issuer Bid
OTTAWA, CANADA--(Marketwired - May 27, 2014) - Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO)(WILN) today announced that its Board of Directors has approved the adoption of a normal course issuer bid ("NCIB") to purchase for cancellation up to 11,676,510 issued and outstanding common shares ("Shares") representing approximately 10% of the 116,765,100 Shares in the public float as of May 25, 2014 through the facilities of the Toronto Stock Exchange ("TSX") and other Canadian trading platforms.
The NCIB is subject to obtaining requisite regulatory approvals including filing notice with the TSX. The NCIB is expected to commence on May 29, 2014 after WiLAN receives regulatory approval and will expire on May 28, 2015.
As of May 25, 2014 the total number of issued and outstanding Shares was 119,974,315. The average daily trading volume for the six months ending on May 25, 2014 was 462,572 Shares. Daily purchases will be limited to 115,643 Shares, other than block purchase exceptions. During any of the Company's blackout periods, purchases under the NCIB may continue under an automatic securities purchase plan between WiLAN and its broker which will be put in place during the NCIB.
WiLAN and its Board of Directors believe that this NCIB is in the best interests of its shareholders and the repurchases made under this NCIB will be made, in part, to offset the dilutive effect of Shares expected to be issued upon the exercise of stock options under the Company's stock option plan.
The actual number of Shares purchased, the timing of purchases and the price at which the Shares are bought will depend on future market conditions and on potential alternative uses for WiLAN's cash resources. Any purchases will be subject to trading restrictions and will be made by WiLAN at the prevailing market price of the Shares at the time of purchase.
For the past twelve months, WiLAN has repurchased an aggregate of 1,461,800 Shares at a weighted average price of $3.7660 per Share.
http://finance.yahoo.com/news/wilan-board-approves-plan-norm…
Stock Market & Financial Investment News
News Breaks
May 27, 2014
Wi-LAN board approves buyback of about 10% of public float
Wi-LAN announced that its Board of Directors has approved the adoption of a normal course issuer bid, or NCIB, to purchase for cancellation up to 11,676,510 issued and outstanding common shares, representing approximately 10% of the shares in the public float as of May 25 through the facilities of the Toronto Stock Exchange and other Canadian trading platforms. The NCIB, which is subject to obtaining requisite regulatory approvals including filing notice with the TSX, is expected to commence on May 29 after WiLAN receives regulatory approval and will expire on May 28, 2015.
http://www.theflyonthewall.com/permalinks/entry.php/WILNid20…
News Breaks
May 27, 2014
Wi-LAN board approves buyback of about 10% of public float
Wi-LAN announced that its Board of Directors has approved the adoption of a normal course issuer bid, or NCIB, to purchase for cancellation up to 11,676,510 issued and outstanding common shares, representing approximately 10% of the shares in the public float as of May 25 through the facilities of the Toronto Stock Exchange and other Canadian trading platforms. The NCIB, which is subject to obtaining requisite regulatory approvals including filing notice with the TSX, is expected to commence on May 29 after WiLAN receives regulatory approval and will expire on May 28, 2015.
http://www.theflyonthewall.com/permalinks/entry.php/WILNid20…
WI-LAN INC. NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
NOTICE IS HEREBY GIVEN THAT the annual and special meeting of the shareholders of
Wi-LAN INC. (“WiLAN”) will be held on Wednesday, June 18, 2014 at 10:00 a.m. (Ottawa, Ontario
time) at the Brookstreet Hotel, 525 Legget Drive, Ottawa, Ontario, K2K 2W2 (the “Meeting”), for the following purposes:
1. to receive WiLAN’s financial statements for the fiscal year ended December 31, 2013, together with the report of WiLAN’s auditors thereon;
2. to elect the members of WiLAN’s Board of Directors (the “Board”);
3. to appoint WiLAN’s auditors and to authorize the Board to fix the auditors’ remuneration;
4. to consider and, if thought appropriate, to approve, with or without variation, a resolution, as set
forth in WiLAN’s May 19, 2014 Management Information Circular (the “Circular”), to ratify the
continued existence of WiLAN’s April 27, 2011 shareholder rights plan until the date on which
the annual meeting of WiLAN shareholders is held in 2017;
5. to consider and, if thought appropriate, to approve, with or without variation, a special resolution,
as set forth in the Circular, to authorize a reduction in the stated capital account of the
Corporation’s common shares in the amount of $120 million;
6. to consider and, if thought appropriate, to approve, with or without variation, resolutions, as set
forth in the Circular, to ratify certain amendments to WiLAN’s By-Law No. 1 and to adopt the
Corporation’s new By-Law No. 2, being a by-law relating to advance notice requirements for
shareholders’ meetings in certain circumstances, all as more particularly described in the Circular; and
7. to transact such further or other business as may properly come before the Meeting or any
adjournment or adjournments thereof.
A copy of the Circular and a form of proxy accompany this Notice.
http://wi-lan.com/investors/presentations-and-events/event-d…
NOTICE IS HEREBY GIVEN THAT the annual and special meeting of the shareholders of
Wi-LAN INC. (“WiLAN”) will be held on Wednesday, June 18, 2014 at 10:00 a.m. (Ottawa, Ontario
time) at the Brookstreet Hotel, 525 Legget Drive, Ottawa, Ontario, K2K 2W2 (the “Meeting”), for the following purposes:
1. to receive WiLAN’s financial statements for the fiscal year ended December 31, 2013, together with the report of WiLAN’s auditors thereon;
2. to elect the members of WiLAN’s Board of Directors (the “Board”);
3. to appoint WiLAN’s auditors and to authorize the Board to fix the auditors’ remuneration;
4. to consider and, if thought appropriate, to approve, with or without variation, a resolution, as set
forth in WiLAN’s May 19, 2014 Management Information Circular (the “Circular”), to ratify the
continued existence of WiLAN’s April 27, 2011 shareholder rights plan until the date on which
the annual meeting of WiLAN shareholders is held in 2017;
5. to consider and, if thought appropriate, to approve, with or without variation, a special resolution,
as set forth in the Circular, to authorize a reduction in the stated capital account of the
Corporation’s common shares in the amount of $120 million;
6. to consider and, if thought appropriate, to approve, with or without variation, resolutions, as set
forth in the Circular, to ratify certain amendments to WiLAN’s By-Law No. 1 and to adopt the
Corporation’s new By-Law No. 2, being a by-law relating to advance notice requirements for
shareholders’ meetings in certain circumstances, all as more particularly described in the Circular; and
7. to transact such further or other business as may properly come before the Meeting or any
adjournment or adjournments thereof.
A copy of the Circular and a form of proxy accompany this Notice.
http://wi-lan.com/investors/presentations-and-events/event-d…
Ab heute startet der Aktienrückkauf. Mal sehen, ob es sich auf den Aktienkurs auswirkt.
....is expected to commence on May 29 after WiLAN receives regulatory approval and will expire on May 28, 2015.
....is expected to commence on May 29 after WiLAN receives regulatory approval and will expire on May 28, 2015.
Jim Mullin, Seeking Alpha
May. 29, 2014 7:16 AM ET | 3 comments | About: Wi-Lan Inc. (WILN)
Wi-Lan: Positive Announcements Receive Negative Reaction
Conclusion
.....I believe Wi-Lan is on the right track. It has identified changes that will lead to higher revenue, less risk, and more money in the pockets of shareholders. Management clearly outlined the ways in which it plans to increase revenue, while decreasing expenses over the coming years. Some signs of what is to come could be seen in Q1 2014, and it will be exciting to see the remainder of Wi-Lan's new strategy put into place in the coming months. Management's financial goals call for significant growth in both revenue and income over the next five years. Management has set the bar high, but its updated business plan should help it reach these targets. Despite the market's reaction, the conclusion of Wi-Lan's strategic review has strengthened my belief in the company.
http://seekingalpha.com/article/2243203-wi-lan-positive-anno…" target="_blank" rel="nofollow ugc noopener">http://seekingalpha.com/article/2243203-wi-lan-positive-anno…
May. 29, 2014 7:16 AM ET | 3 comments | About: Wi-Lan Inc. (WILN)
Wi-Lan: Positive Announcements Receive Negative Reaction
Conclusion
.....I believe Wi-Lan is on the right track. It has identified changes that will lead to higher revenue, less risk, and more money in the pockets of shareholders. Management clearly outlined the ways in which it plans to increase revenue, while decreasing expenses over the coming years. Some signs of what is to come could be seen in Q1 2014, and it will be exciting to see the remainder of Wi-Lan's new strategy put into place in the coming months. Management's financial goals call for significant growth in both revenue and income over the next five years. Management has set the bar high, but its updated business plan should help it reach these targets. Despite the market's reaction, the conclusion of Wi-Lan's strategic review has strengthened my belief in the company.
http://seekingalpha.com/article/2243203-wi-lan-positive-anno…" target="_blank" rel="nofollow ugc noopener">http://seekingalpha.com/article/2243203-wi-lan-positive-anno…
WiLAN Subsidiary Enters License with Bluegrass Cellular
http://finance.yahoo.com/news/wilan-subsidiary-enters-licens…
http://finance.yahoo.com/news/wilan-subsidiary-enters-licens…
FOLGENDE WERTPAPIERE WERDEN AM 10.06.2014 CUM DIVIDENDE/ZINSEN UND AM 11.06.2014 EX DIVIDENDE/ZINSEN GEHANDELT. THE PRE-DIVIDEND/INTEREST DAY OF THE FOLLOWING SHARES WILL BE 10.06.2014. THE EX-DIVIDEND/INTEREST...
WJL XFRA CA9289721081 WI-LAN INC. 0.027 EUR
http://www.finanznachrichten.de/30518120
WJL XFRA CA9289721081 WI-LAN INC. 0.027 EUR
http://www.finanznachrichten.de/30518120
WiLAN Subsidiary Acquires Medical Patent Portfolio
http://finance.yahoo.com/news/wilan-subsidiary-acquires-medi…
http://finance.yahoo.com/news/wilan-subsidiary-acquires-medi…
WiLAN and Archos Renew and Expand Wireless Technology License Agreement
http://finance.yahoo.com/news/wilan-archos-renew-expand-wire…
http://finance.yahoo.com/news/wilan-archos-renew-expand-wire…
WiLAN’s President & CEO Jim Skippen appeared on the BNN Television show “Market Sense” earlier today.
http://www.bnn.ca/Video/player.aspx?vid=379424
http://www.bnn.ca/Video/player.aspx?vid=379424
Global Maxfin Capital Inc.
Target Price: 7,00$
http://www.globalmci.com/reports/wi-lan-inc-06112014.pdf
Target Price: 7,00$
http://www.globalmci.com/reports/wi-lan-inc-06112014.pdf
Zacks Rank #1 Additions for Thursday
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
DTS Inc. (DTSI)
First American Financial Corp (FAF)
Minerals Technologies Inc (MTX)
Smith & Wesson Holding Corp (SWHC)
Wi-LAN Inc - US listing (WILN)
http://finance.yahoo.com/news/zacks-rank-1-additions-thursda…
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
DTS Inc. (DTSI)
First American Financial Corp (FAF)
Minerals Technologies Inc (MTX)
Smith & Wesson Holding Corp (SWHC)
Wi-LAN Inc - US listing (WILN)
http://finance.yahoo.com/news/zacks-rank-1-additions-thursda…
2014 Annual General and Special Meeting of Shareholders
June 18, 2014
Time: 10:00 AM EST
Brookstreet Hotel
525 Legget Drive
Ottawa, Ontario
K2K 2W2
June 18, 2014
Time: 10:00 AM EST
Brookstreet Hotel
525 Legget Drive
Ottawa, Ontario
K2K 2W2
Wi-LAN's plans for a double (des Jahreseinkommens)
Artikel von der HV am Mittwoch (Ottawa Citizen)
Interessante Zusammenfassung
You wouldn’t call it hubris, not after the year Wi-LAN Inc. had last year. But there was an interesting mood, verging on optimism, at the patent firm’s annual shareholders’ meeting on Wednesday.
There was Jim Skippen, the chief executive since the company’s 2006 makeover, telling the crowd of 50 or so at Kanata’s Brookstreet Hotel that he would more than double Wi-LAN’s revenues to $200 million by 2018. (All figures U.S.)
He sketched out the great streams of royalty revenues that were potentially Wi-LAN’s for the taking: as much as $175 million from Wi-LAN’s 4G wireless smartphone and radio base station patents, another $150 million from CMOS image sensors (used in smartphone cameras) and video streaming technologies — and these were just the big opportunities.
All told, including existing bookings, Skippen has his sights on anywhere from $775 million to $1.2 billion in potential revenues from Wi-LAN’s existing patents. These are not annual measures — each portfolio contains a group of patents with varying life expectancies, two years to six years being the most common.
The point of the exercise was to show that there is substance to his projections. “This is why we think we can get to $200 million (in annual revenues),” he said.
Skippen can’t be definitive in this business because his royalty streams depend on how well the products that contain Wi-LAN’s patents are selling.
Nevertheless, there are other things within Skippen’s control, and he has been dealing with them to Wi-LAN’s recent advantage.
Legal costs, for one. Wi-LAN last year shelled out nearly $46 million on litigation — more than half the firm’s total revenues — compared with $25.6 million the year before. And it didn’t get much for it. Wi-LAN lost two big legal fights last year, both involving its 3G wireless technology patents. Last July, a U.S. court ruled that Wi-LAN’s 3G patents had not been infringed by Ericsson, HTC, Sony Mobile or Alcatel-Lucent. In October, a jury found that Apple had not infringed them, either.
These courtroom losses were a big factor in the continuing decline of Wi-LAN’s share price, which tumbled below $4 per share on the TSX compared with nearly $10 in 2011. (The stock closed at $3.36 on Tuesday.) Spending a small fortune on outside lawyers also hurt Wi-LAN’s bottom line as adjusted earnings fell to $17.6 million last year compared with $41.8 million in 2012.
There was one other negative weighing on Wi-LAN’s share value: the apparent willingness of U.S. Congress to consider legislation that would make it more difficult for patent licensing firms such as Wi-LAN to sue other firms for royalties.
One by one, however, these Wi-LAN negatives have been disappearing. While Wi-LAN lost legal battles against HTC and Alcatel-Lucent, the latter soon after resolved the outstanding legal issues with Skippen’s company and signed royalty agreements.
“Losing in court is not the end of the story,” Skippen noted, adding that he still believes settlements with Apple are possible in separate cases involving 3G and 4G technologies. “Apple would like to take a license,” he said, “it’s just a matter of price.”
One of Wi-LAN’s most impressive recent reforms involves its outside counsel. Only 13 of the company’s 61 full-time employees are lawyers, but they manage a network of independent specialists in patent law. In recent quarters, Wi-LAN has convinced its hired guns to accept a type of contingency payment — something it calls shared risk. The results have been dramatic — Wi-LAN spent just $1.7 million on litigation in the first quarter of this year compared with $4.7 million in the previous quarter and $14.4 million during the three-month period before that.
“We couldn’t keep spending on litigation the way we were,” Skippen noted.
As for the other shadow — U.S. Congress — it, too, has lifted, at least temporarily. Senator Pat Leahy, chairman of the Senate Judiciary Committee, confirmed last month he was dropping the proposed patent reform bill until he gets wider agreement from pharmaceutical companies, which want to be able to enforce their own patents. Leahy’s antipathy toward patent licensing firms such as Wi-LAN — he calls them patent trolls — remains. Tech giants such as Google and Apple have been pushing patent reform to minimize the number of what they believe are unwarranted patent infringement lawsuits.
Whether the temporary suspension of the Leahy bill will push Apple toward a settlement with Wi-LAN on the particular issue of 3G and 4G technology remains to be seen. Wi-LAN two months ago filed an appeal of the jury ruling it lost against Apple.
Meantime, Wi-LAN looks reasonably well placed. It has more than $130 million cash in the bank, zero debt, an increasingly diverse set of patent portfolios that are generating revenues, and royalty arrangements in place with most of the big names in the high-tech business. Shareholders, for their part, are being paid to wait to see whether Skippen’s plans to double actually pan out — they’re receiving a dividend of 16 cents per share, representing a yield of nearly five per cent.
Perhaps that’s why shareholders gave Skippen a very gentle ride at Wednesday’s meeting — if his plan falls short, they’ll at least have something to show for staying the course.
jbagnall@ottawacitizen.com
twitter.com/JamesBagnall1
http://ottawacitizen.com/business/local-business/wi-lans-pla…
Artikel von der HV am Mittwoch (Ottawa Citizen)
Interessante Zusammenfassung
You wouldn’t call it hubris, not after the year Wi-LAN Inc. had last year. But there was an interesting mood, verging on optimism, at the patent firm’s annual shareholders’ meeting on Wednesday.
There was Jim Skippen, the chief executive since the company’s 2006 makeover, telling the crowd of 50 or so at Kanata’s Brookstreet Hotel that he would more than double Wi-LAN’s revenues to $200 million by 2018. (All figures U.S.)
He sketched out the great streams of royalty revenues that were potentially Wi-LAN’s for the taking: as much as $175 million from Wi-LAN’s 4G wireless smartphone and radio base station patents, another $150 million from CMOS image sensors (used in smartphone cameras) and video streaming technologies — and these were just the big opportunities.
All told, including existing bookings, Skippen has his sights on anywhere from $775 million to $1.2 billion in potential revenues from Wi-LAN’s existing patents. These are not annual measures — each portfolio contains a group of patents with varying life expectancies, two years to six years being the most common.
The point of the exercise was to show that there is substance to his projections. “This is why we think we can get to $200 million (in annual revenues),” he said.
Skippen can’t be definitive in this business because his royalty streams depend on how well the products that contain Wi-LAN’s patents are selling.
Nevertheless, there are other things within Skippen’s control, and he has been dealing with them to Wi-LAN’s recent advantage.
Legal costs, for one. Wi-LAN last year shelled out nearly $46 million on litigation — more than half the firm’s total revenues — compared with $25.6 million the year before. And it didn’t get much for it. Wi-LAN lost two big legal fights last year, both involving its 3G wireless technology patents. Last July, a U.S. court ruled that Wi-LAN’s 3G patents had not been infringed by Ericsson, HTC, Sony Mobile or Alcatel-Lucent. In October, a jury found that Apple had not infringed them, either.
These courtroom losses were a big factor in the continuing decline of Wi-LAN’s share price, which tumbled below $4 per share on the TSX compared with nearly $10 in 2011. (The stock closed at $3.36 on Tuesday.) Spending a small fortune on outside lawyers also hurt Wi-LAN’s bottom line as adjusted earnings fell to $17.6 million last year compared with $41.8 million in 2012.
There was one other negative weighing on Wi-LAN’s share value: the apparent willingness of U.S. Congress to consider legislation that would make it more difficult for patent licensing firms such as Wi-LAN to sue other firms for royalties.
One by one, however, these Wi-LAN negatives have been disappearing. While Wi-LAN lost legal battles against HTC and Alcatel-Lucent, the latter soon after resolved the outstanding legal issues with Skippen’s company and signed royalty agreements.
“Losing in court is not the end of the story,” Skippen noted, adding that he still believes settlements with Apple are possible in separate cases involving 3G and 4G technologies. “Apple would like to take a license,” he said, “it’s just a matter of price.”
One of Wi-LAN’s most impressive recent reforms involves its outside counsel. Only 13 of the company’s 61 full-time employees are lawyers, but they manage a network of independent specialists in patent law. In recent quarters, Wi-LAN has convinced its hired guns to accept a type of contingency payment — something it calls shared risk. The results have been dramatic — Wi-LAN spent just $1.7 million on litigation in the first quarter of this year compared with $4.7 million in the previous quarter and $14.4 million during the three-month period before that.
“We couldn’t keep spending on litigation the way we were,” Skippen noted.
As for the other shadow — U.S. Congress — it, too, has lifted, at least temporarily. Senator Pat Leahy, chairman of the Senate Judiciary Committee, confirmed last month he was dropping the proposed patent reform bill until he gets wider agreement from pharmaceutical companies, which want to be able to enforce their own patents. Leahy’s antipathy toward patent licensing firms such as Wi-LAN — he calls them patent trolls — remains. Tech giants such as Google and Apple have been pushing patent reform to minimize the number of what they believe are unwarranted patent infringement lawsuits.
Whether the temporary suspension of the Leahy bill will push Apple toward a settlement with Wi-LAN on the particular issue of 3G and 4G technology remains to be seen. Wi-LAN two months ago filed an appeal of the jury ruling it lost against Apple.
Meantime, Wi-LAN looks reasonably well placed. It has more than $130 million cash in the bank, zero debt, an increasingly diverse set of patent portfolios that are generating revenues, and royalty arrangements in place with most of the big names in the high-tech business. Shareholders, for their part, are being paid to wait to see whether Skippen’s plans to double actually pan out — they’re receiving a dividend of 16 cents per share, representing a yield of nearly five per cent.
Perhaps that’s why shareholders gave Skippen a very gentle ride at Wednesday’s meeting — if his plan falls short, they’ll at least have something to show for staying the course.
jbagnall@ottawacitizen.com
twitter.com/JamesBagnall1
http://ottawacitizen.com/business/local-business/wi-lans-pla…
Unternehmenspräsentation von Wi-Lan - Ergebnisse und Ausblick
http://www.wi-lan.com/files/documents_investors/140618%20WiL…
http://www.wi-lan.com/files/documents_investors/140618%20WiL…
WiLAN Incorporated
and its 34 known subsidiaries (exclude subsidiaries)
32ACTIVECASES 52INACTIVE CASES 750AVG DAYS AS PLAINTIFF462AVG DAYS AS
DEFENDANT
84 Total Litigation Cases
https://search.rpxcorp.com/entities/86899
and its 34 known subsidiaries (exclude subsidiaries)
32ACTIVECASES 52INACTIVE CASES 750AVG DAYS AS PLAINTIFF462AVG DAYS AS
DEFENDANT
84 Total Litigation Cases
https://search.rpxcorp.com/entities/86899
WiLAN Sues Apple Over 4G Technologies While Mocking Apple's Simple Inventions and Pointing to Steve Jobs Views of Stealing Ideas
http://www.patentlyapple.com/patently-apple/2014/06/wilan-su…
http://www.patentlyapple.com/patently-apple/2014/06/wilan-su…
Wi-Lan Inc. (WILN) -NasdaqGS
2.42 Up 0.30(14.15%) 10:34AM EDT - Nasdaq Real Time Price
Die Nachricht dazu:
Samsung Licenses WiLAN Semiconductor Technology
Canadian company signs first licensee of its Qimonda patent portfolio and significantly increases its financial guidance
http://finance.yahoo.com/news/samsung-licenses-wilan-semicon…
2.42 Up 0.30(14.15%) 10:34AM EDT - Nasdaq Real Time Price
Die Nachricht dazu:
Samsung Licenses WiLAN Semiconductor Technology
Canadian company signs first licensee of its Qimonda patent portfolio and significantly increases its financial guidance
http://finance.yahoo.com/news/samsung-licenses-wilan-semicon…
Upgrade
Date Research Firm Action ..........From ............To
3-Jun-15 CIBC Upgrade Sector Underperform Sector Perform
http://finance.yahoo.com/q/ud?s=WILN
Date Research Firm Action ..........From ............To
3-Jun-15 CIBC Upgrade Sector Underperform Sector Perform
http://finance.yahoo.com/q/ud?s=WILN
Wi-LAN Inc – US listing Receives “Hold” Rating from Canaccord Genuity (WILN)
http://sleekmoney.com/wi-lan-inc-us-listing-receives-hold-ra…
Wi-LAN Upgraded by Paradigm Capital to “Buy” (WIN)
Ebenda:
The company also recently declared a Quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd will be given a dividend of $0.0525 per share. This represents a yield of 8.61%. The ex-dividend date of this dividend is Wednesday, June 10th.
http://sleekmoney.com/wi-lan-upgraded-by-paradigm-capital-to…
http://sleekmoney.com/wi-lan-inc-us-listing-receives-hold-ra…
Wi-LAN Upgraded by Paradigm Capital to “Buy” (WIN)
Ebenda:
The company also recently declared a Quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd will be given a dividend of $0.0525 per share. This represents a yield of 8.61%. The ex-dividend date of this dividend is Wednesday, June 10th.
http://sleekmoney.com/wi-lan-upgraded-by-paradigm-capital-to…
This High Dividend Stock Will Grow Revenue By 85%-Plus, Yields 7-8%, And Goes Ex-Dividend This Week
Summary
This stock just made a major acquisition, which has already caused it to adjust its next quarter revenue guidance upward by 85%-plus.
This stock has consistently beaten its revenue and earnings guidance over the past 3 years.
This stock has an industry-leading 7%-8% dividend yield, a 40% five-year dividend growth rate, and goes ex-dividend this week.
http://seekingalpha.com/article/3239906-this-high-dividend-s…auth_param=j7gp7:1an6hii:a9c81fd7b9a03000da580ef8a2bda3a6&uprof=17#
Summary
This stock just made a major acquisition, which has already caused it to adjust its next quarter revenue guidance upward by 85%-plus.
This stock has consistently beaten its revenue and earnings guidance over the past 3 years.
This stock has an industry-leading 7%-8% dividend yield, a 40% five-year dividend growth rate, and goes ex-dividend this week.
http://seekingalpha.com/article/3239906-this-high-dividend-s…auth_param=j7gp7:1an6hii:a9c81fd7b9a03000da580ef8a2bda3a6&uprof=17#
Wi-LAN About To Put More Money In Your Pocket (WILN)
http://www.dividendchannel.com/article/201506/wi-lan-about-t…
http://www.dividendchannel.com/article/201506/wi-lan-about-t…
WiLAN Partners with Major Japanese Company Funai
OTTAWA, CANADA--(Marketwired - Jun 10, 2015) - WiLAN (WIN.TO) (WILN), today announced that its wholly-owned subsidiary, Onpa Technologies Inc., has acquired a portfolio of patented microphone technologies from Japanese electronics company, Funai Electric Co. Ltd. ("Funai").
Funai is a global manufacturer of consumer electronics such as TVs, DVD and Blu-ray recorders/players, as well as printers, and antennas. Funai manufactures products for major brands including Philips, Magnavox, Sanyo, Emerson, and Kodak.
http://finance.yahoo.com/news/wilan-partners-major-japanese-…
OTTAWA, CANADA--(Marketwired - Jun 10, 2015) - WiLAN (WIN.TO) (WILN), today announced that its wholly-owned subsidiary, Onpa Technologies Inc., has acquired a portfolio of patented microphone technologies from Japanese electronics company, Funai Electric Co. Ltd. ("Funai").
Funai is a global manufacturer of consumer electronics such as TVs, DVD and Blu-ray recorders/players, as well as printers, and antennas. Funai manufactures products for major brands including Philips, Magnavox, Sanyo, Emerson, and Kodak.
http://finance.yahoo.com/news/wilan-partners-major-japanese-…
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| -0,20 | |
| -0,45 | |
| +0,25 | |
| +2,71 |
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