RE:RE:RE:RE:RE:RE:RE:RE:Quarterhill 1st quarter results to be released on May 12There is a lot a great information for QTRH shareholders in your post mrmoribund.
If I might, I'd like to bring a little additional perspective.
Litigation vs. negotiation - over the years Wilan has prided itself on securing most licenses without significant litigation. As far as current cases are concerned, purchasers of Wilan will assess the range of potetial litigation outcomes and take that into consideration in a bid. It will be what it will be. But the backbone of Wilan business is revenue secured through negotiation. Samsung HP and Intel are recent examples of significant licenses secured with minimal litigation.
I am of the opinion that Bret Kidd's deal includes 1,000,000 options. The remaining 525,000 will be price on May 12th. Kidd should send Canaccord a day-old edible fruit arrangement in appreciation.
When valuing the contracts, remember that with additions over the span of the agreement shoudl result in a total revneue that is several times the original announced amount. ETC's exprerience pre-acquisition by QTRH produced an ultimate 8.3x value. If that mutiplier were to hold on the current number of announced contracts, QTRH would realize ~$2.5B in revenue over the contracts' life, with margins increasing after the inital set up phase. I've asked management if they can address the the margin curve issue in an upcoming presentation.
Lastly, I have been told that NYC was interested in ETC's technology capabilities when it started the congestion zone project, but that ETC did not have the resources to participate at the time. Just an added tidbit on your observation that many other large metropolitan areas are considering congestion zone initiatives.