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Sell WiLAN For a 25% Win

Posted by on April 16, 2017 11:00 AM
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Categories: Stocks

April 16, 2017: Sell Wi-LAN for a 25% win in 72 days and congrats if you made money on the trade.

February 9, 2017: Wi-LAN reports Q4 EPS of $0.07 versus $0.02 YoY. Revenue also beat coming in at $30.2 million versus the $26 million estimate YoY. Wi-LAN guides Q1 Cash Operating expenses between $8.5 and $11 million. All the PRs that are released about all these license agreements and yet revenue is only $30.2 million? That’s always the problem with this company and all their “undisclosed” terms of these license agreements IMO. Have to wait for earnings release to be so not impressed.

February 1, 2017: WiLAN subsidiary, PLL Technologies, has entered into a patent license agreement with Microsemi Corporation. The license covers phase locked loop technology used in a wide range of semiconductor products.

The consideration to be paid to WiLAN and all other terms of the settlement are confidential.

The confidential and undisclosed nature of all WiLAN license agreements makes this stock a very dangerous one to invest in, imo.

January 23, 2017: WiLAN announced that the Company’s subsidiaries, North Star Innovations, Inc. and PLL Technologies, Inc., have entered into patent license agreements with Nanya Technology Corporation.

Nanya Technology is a leading memory solution provider for products embedded with consumer memory and low power memory and ranks among the top five global suppliers of dynamic random-access memory (“DRAM”).

January 18, 2017: WiLAN announced an update on litigation against Ericsson, Inc. concerning WiLAN’s U.S. Patent Nos. 8,229,437, 8,027,298 and 8,249,014 related to LTE technologies. In a decision released yesterday, the Federal Circuit Court of Appeals overturned the Florida District Court’s negative rulings on the three patents at issue and found that the 8,229,437 patent should not have been found invalid and the 8,027,298 and 8,249,014 patents should not have been found non-infringed because there are material disputes of fact.

The Court of Appeals also affirmed the Florida District Court’s ruling that Ericsson was not entitled to most favored licensee treatment on the three patents at issue based on a 2007 Agreement between WiLAN and Ericsson. This updates a press release dated May 22, 2015, in which WiLAN announced that the Florida District Court had granted Ericsson’s motion for summary judgment on the three patents at issue.

December 29, 2016: Wi-Lan enters multi-year license agreement with Funai; no terms disclosed. What makes it hard for investors in Wi-Lan is the confidentiality of these license agreements in terms of assessing monetary value of the license agreement.

The CEO said, “We are very pleased to have signed a license agreement with major Japanese television manufacturer Funai. Funai is a manufacturer of consumer products and ranks among the top five television suppliers to the United States, with brands such as Magnavox, Sanyo, and Emerson. This agreement was achieved without having to undertake litigation.”

December 16, 2016: Wi-Lan subsidiary Smart Wearable Technologies Inc enters into agreement with TCL Communication Technology; no terms disclosed. The patent portfolio covers technology that allows wearable devices to track the movement of the human body during different activities.

December 13, 2016: Wi-Lan acquires patent portfolio from GLOBALFOUNDRIES; no terms disclosed. Wi-Lan’s wholly-owned subsidiary, Auriga Innovations, Inc., has acquired a portfolio of patents from GLOBALFOUNDRIES Inc. The portfolio covers semiconductor process technologies used in the manufacture of semiconductor devices.

The patents in this portfolio originated with IBM, a world-class company renowned for its innovation in technology development. In 2015, GLOBALFOUNDRIES acquired portions of IBM’s Microelectronics Division business along with more than 16,000 patents and applications.

GLOBALFOUNDRIES is a leading full-service semiconductor design, development, fabrication, and innovation company with locations across the globe. All other terms of the agreement are confidential.

December 12, 2016: Wi-Lan renews television license with Tongfang; no terms disclosed. Wi-Lan signed a multi-year license renewal agreement covering digital television technology. These technologies include the receiving and processing of broadcast television signals by televisions and the decoding and displaying of video images by televisions. The consideration to be paid to WiLAN and all other terms of the license agreement are confidential.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on unless specifically stated in the article. Owner of Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
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