IDCC - InterDigital Is A Patent King But I Fear The Street May Misinterpret Earnings Trends

2024-05-16 08:11:27 ET

Summary

• IDCC is an R&D shop that, unlike so many others, is well-established and very profitable.
• It makes money by licensing its many patents.
• Its wireless communications forte entrenched it in 2G, 3G, 4G, 5G, and it's working on 6G.
• It’s now expanding its wheelhouse to include video, consumer electronics, Internet of Things, etc.
• But enforcement actions can make trends lumpy and may confuse investors.

STEM (Science, Technology, Engineering and Mathematics) is a hip topic in Education.

There’s good reason for this. STEM-driven industrial advances are why Reverend Thomas Malthus was wrong to have forecasts, back in 1798, that population was sure to outgrow food supply.

Just about every modern thing we cherish has its roots in STEM. And in the U.S. capitalist economy, much of that comes from the private corporate sector.

So common sense suggests investors should want to invest in STEM, or its bustiness-world manifestation, R&D (Research and Development)....

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