Quarterhill Inc T.QTRH

Nearing the end of the “stealth” phase

[v_guerriero]

We are still in sub <$3 stealth mode.

I thought Motorola would have initiated the takeoff into $3 level where the institutions could show up.  

So we wait for the pre-announcement.  There was a pre-announcement one business day after the Samsung license and one week after the Intel license.  

I would be surprised if there was no pre-announcement

[Justhalffull]

I guess the question is, what is material.  With their licensing revenues all over the place, I would suspect it has to be $20 million or more.  Less than that may be significant, but not material.  They do have some discretion to decide what is material or not.  But if it is $40 million or more, I don't believe they have any alternative than to pre-announce.