Core Viewpoint - InterDigital, Inc. will present at the 2025 Midwest Ideas Conference on August 27, 2025, at 8:55 AM ET, highlighting its focus on mobile, video, and AI technology research and development [1][2]. Company Overview - InterDigital is a global research and development company specializing in wireless, video, artificial intelligence (AI), and related technologies [3]. - The company designs and develops foundational technologies that enable connected and immersive experiences across various communications and entertainment products and services [3]. - InterDigital licenses its innovations to companies in multiple sectors, including wireless communications, consumer electronics, IoT devices, automotive, and cloud-based services like video streaming [3]. - As a leader in wireless technology, InterDigital has contributed to the development of innovations from early digital cellular systems to advanced 5G and Wi-Fi technologies [3]. - The company is also recognized for its advancements in video processing and encoding/decoding technology, with a significant focus on AI research that intersects with wireless and video technologies [3]. - Founded in 1972, InterDigital is publicly traded on Nasdaq [3].

InterDigital (IDCC) FY Conference Summary Company Overview - InterDigital is a technology company founded in 1972, specializing in foundational research in wireless, video, and artificial intelligence [6][7] - The company has built a large and evergreen patent portfolio, licensing it to major vendors in the industry [7][8] - InterDigital employs around 500 people across 14 sites in 7 countries, focusing on hiring top talent from leading universities [11][12] Business Model and Strategy - The business model is centered on foundational technology, investing in research to stay ahead of the curve by 5 to 10 years [10][11] - The company participates in standard development, which drives value creation and technology dissemination [14][21] - InterDigital has a high concentration of inventors, with over 90% of employees being scientists and engineers [13] Financial Performance - The company has signed over 40 agreements with an economic value exceeding $3.7 billion in the last four years [33] - Revenue growth has been approximately 20-25% CAGR over the past four years, with adjusted EBITDA margins increasing [35][36] - The company has increased its dividend by 50% in the last twelve months and reduced share outstanding by 45% since 2011 [36] Market Opportunities - The mobile ecosystem has an economic impact of approximately $5.7 trillion, making it the third-largest GDP if considered a separate country [38] - InterDigital's core markets include smartphones, consumer electronics, and IoT, with a significant opportunity identified in cloud-based streaming video [39][40] - The smartphone market is expected to grow from over $400 million to $500 million in recurring revenue [42] Patent Portfolio - The patent portfolio has nearly doubled from 2017 to 2025, with a focus on wireless communication technology [29] - InterDigital's patent quality is ranked number one in 5G, top five in video, and top ten in WiFi [31] Capital Allocation - The company maintains a strong balance sheet and invests 50% of recurring revenue back into R&D [54] - InterDigital is optimistic about future M&A opportunities, having previously acquired Technicolor's patent assets [55] Licensing Agreements - 94% of revenue in 2024 is expected to come from fixed fee agreements, minimizing exposure to volume fluctuations [64] - The largest contract with Apple is a seven-year deal signed in 2022, providing stable revenue [66] Litigation and Customer Relations - InterDigital rarely resorts to litigation, focusing on bilateral negotiations for licensing agreements [71][73] - The company emphasizes fairness in licensing, ensuring that all competitors pay their fair share for using its technology [72][74] Long-Term Growth Strategy - The company aims to grow recurring revenue at 14% year-over-year, targeting over $600 million in adjusted EBITDA by 2030 [57] - Investments will continue in next-generation technologies, including 6G and advanced AI [57] Conclusion - InterDigital is positioned for significant growth with a strong patent portfolio, innovative technology, and a clear strategy for expanding into new markets [58]

Core Viewpoint - InterDigital, Inc. will present at the William Blair 45th Annual Growth Stock Conference on June 3, 2025, at 4:20 PM ET, highlighting its focus on mobile, video, and AI technology research and development [1]. Company Overview - InterDigital is a global research and development company specializing in wireless, video, artificial intelligence (AI), and related technologies [3]. - The company designs and develops foundational technologies that enable connected and immersive experiences across various communications and entertainment products and services [3]. - InterDigital licenses its innovations worldwide to companies involved in wireless communications devices, consumer electronics, IoT devices, automotive, and cloud-based services like video streaming [3]. - As a leader in wireless technology, InterDigital has developed a wide range of innovations used in wireless products and networks, from early digital cellular systems to 5G and advanced Wi-Fi technologies [3]. - The company is also recognized for its expertise in video processing and encoding/decoding technology, with a significant focus on AI research that intersects with wireless and video technologies [3]. - Founded in 1972, InterDigital is publicly traded on Nasdaq [3].

Company Overview - Telephone and Data Systems, Inc. (TDS) is a leading provider of telecommunications services, offering wireless, broadband, video, and voice services to approximately 5.5 million connections nationwide through its subsidiaries, UScellular and TDS Telecom [3] - Founded in 1969 and headquartered in Chicago, TDS employed approximately 7,800 associates as of March 31, 2025 [3] Dividend Declaration - The board of directors has declared a quarterly dividend of $0.04 per Common Share and Series A Common Share, payable on June 30, 2025, to holders of record on June 16, 2025 [5] - A quarterly dividend of $414.0625 per share will be paid on the company's 6.625% Series UU Preferred shares, with holders of depositary shares receiving $0.4140625 per depositary share, payable on June 30, 2025, to holders of record on June 15, 2025 [5] - A quarterly dividend of $375.0000 per share will be paid on the company's 6.000% Series VV Preferred shares, with holders of depositary shares receiving $0.3750000 per depositary share, also payable on June 30, 2025, to holders of record on June 15, 2025 [5] Stock Information - The ticker for TDS Common shares is "TDS", the Series UU depositary shares is "TDSPrU", and the Series VV depositary shares is "TDSPrV" [2]

Core Insights - Verizon is focusing on product and solution launches, capital allocation priorities, and the pending acquisition of Frontier as key areas of attention for the future [5][6]. Group 1: Company Strategy - The company is prioritizing the design and implementation of new products and solutions to ensure they meet market demands [5]. - Capital allocation is a significant focus as Verizon prepares for its next strategic steps [5]. - The pending acquisition of Frontier is a major area of concentration, indicating its importance for Verizon's future growth [6].

Core Viewpoint - Charter Communications Inc. is positioned as a strong competitor in the cable industry, demonstrating resilience through improved cash flow and subscriber retention strategies despite facing challenges from competitors and market conditions [1][5]. Financial Performance - Charter's revenue increased by 0.4%, exceeding estimates by $70 million, while EBITDA rose by 5% with a 180 basis points expansion in EBITDA margins to 42%, surpassing expectations by 80 basis points [2]. - The company reported a normalized loss of approximately 150,000 subscribers in fiscal 2024, with improvements noted in broadband and video subscriber losses compared to the first quarter of 2024 [5]. Subscriber Dynamics - Charter's broadband subscriber losses improved to 55,000 from 72,000 in the previous quarter, while video subscribers declined by 167,000 compared to a larger loss of 392,000 in the first quarter [5]. - The company is offering promotional pricing for broadband at $40 per month, while the average revenue per user (ARPU) for residential broadband subscribers is $130, compared to Comcast's $170 [4]. Market Strategy - Charter's video offerings now include OTT packages priced at $80 per month, and the company is focusing on upselling additional services despite industry-wide pricing pressures [3]. - The company has resumed stock repurchases following the Liberty Broadband acquisition vote, indicating confidence in its financial position [5]. Future Outlook - Horan projects that Charter will achieve a free cash flow per share increase of four times by 2030, with a projected free cash flow yield of approximately 27% [6][7]. - The company plans to maintain a capital expenditure of around $12 billion for fiscal 2025, decreasing to $8 billion by 2028 [6].