Market's take on QTRHIt's interesting to juxtapose the market's take on Quarterhill in our current 2021 tech bubble with it's take on Wilan during the 2000 tech bubble.
Back then the stock was, briefly, at the start of 2000, $80 per share. And today the patent portfolio is valued by the market (in a sum of the parts analysis) at little more than zero.
Some of the market's current cold shoulder may be justified given the regulatory attack in the interim on IP rights. But it's not as if Wilan today doesn't get big wins in spite of the challenges.
Of course the Wilan price in 2000 was kind of crazy, as was the whole tech market. But in some ways 2021 is just as crazy. It's interesting that we got most of the craziness upside in 2000 but none of it in 2021. Indeed, in a way, even less than none because QTRH is actually heavily discounted by the market in terms of, as I noted, sum of the parts.
The degree of this contrast leaves me kind of bemused and stumped every day.