STOCKCHASE

(A Top Pick Dec 22/10. Up 57.48%.)

2011-12-29

Comment

40.610

Jason Donville

Wi-Lan (WIN-T) is attempting a takeover. Offer to expire on Nov 1st. If nothing happens, he presumes the price on the stock will come off but it is still a good company to hold. He thinks there is another offer coming.

2011-10-17

PAST TOP PICK

37.690

(A Top Pick Feb 12/10. Up 72.29%%.)

2011-10-05

PAST TOP PICK

40.050

(A Top Pick Dec 22/10. Up 36.19%.) Feels this will end up being acquired by Wi-Lan (WIN-T).

2011-08-29

BUY

31.650

Jason Donville

Will open higher than $38 tomorrow. Let it pop tomorrow, let it dance around and buy half and then the other half in 5 or 6 days. Enjoy the ride over the next 90 days.

2011-08-17

PAST TOP PICK

32.750

(Top Pick Feb 12/10, Up 52.66%) Dividend 4% and great growth

2011-08-03

TOP PICK

31.320

Jamie Horvat

Patent Company. $300 market cap with $100 million cash. 20% growth per year, 3%+ dividend with potential to increase. Good pipeline of potential deals. Google is willing to pay $4 billion for Nortel patents.

2011-07-19

BUY on WEAKNESS

27.970

Prakash Hariharan

Prefers Wi-Lan (WIN-T), which has a better currency right now. This company is seen more as a defensive play as opposed to a growth company. There is also a bit of a management overlap right now. Good name to get into under $25.

2011-06-29

Comment

32.550

James Hodgins

Did a phenomenal job of converting from a semi conductor manufacturer into an intellectual property company diversified between the semiconductor DRAM side and the wireless side. Has about $8 a share in cash and pays a 3% dividend. Fully valued.

2011-05-26

PAST TOP PICK

29.920

(A Top Pick July 16/10. Up 37.46%.) Have done a great job of under promising and over delivering. Good yield. Have about $10 a share in cash.

2011-03-28

BUY

30.350

Lesley Marks

Positive on it. Has had some significant strategic deals but there will be good news flow out of this one. Great cash flow, great balance sheet.

2011-03-09

TOP PICK

30.100

Just signed Texas Instruments and IBM to intellectual property agreements. Will probably earn $3 this year. Earnings keep coming through so stock is cheap. $130 million in cash. Management does a great job in under promising and over delivering. 3.5% yield.

2010-12-22

HOLD

27.250

Michael Smedley

Patents. Likes this. Very intelligent group of people. Beware of the dips.

2010-11-22

Comment

27.390

Douglas Kee

Have money in the bank and will probably buy more licensing assets rather than increasing dividends.

2010-10-25

PAST TOP PICK

23.900

(A Top Pick Feb 11/10. Up 8.01%.)

2010-09-23

TOP PICK

22.180

Intellectual property. License their DRAM technology and have pretty much signed up 100% globally. Expecting $2.30 earnings this year and they pay $1 dividend giving a yield of about 4.5%. Trading at less than 10X earnings. About $100 million in cash, about $9 a share.

2010-07-16

PAST TOP PICK

21.220

(A Top Pick June 22/09. Up 66.39%.) Still a buy but prefers Wi-Lan (WIN-T). (See Top Picks.)

2010-06-18

PAST TOP PICK

21.450

(A Top Pick Feb 11/10. Down 3.88%.)

2010-04-30

TOP PICK

23.000

Did a secondary issue a week and a half ago and he bought it. Growing earnings, unique position. Exciting contracts. 4% dividend and growing earnings.

2010-02-12

TOP PICK

22.500

Licenses intellectual property for semiconductors in the telecommunications market. Over the last 6 months they've signed Micron (MU-Q) and re-signed Samsung. On the telecommunications side they've signed Sony, Samsung, Electronics and Nokia. Very cheap. Management has raised guidance to $2.60 in earnings this year. Have about $4-$5 net cash. No debt. 4.5% yield.

2010-02-11

TOP PICK

16.240

Nice portfolio of royalties off communication and processing chips. Cheap. 6% yield. Earnings of $2 a share and growing.

2009-07-31

TOP PICK

15.300

Likes the royalty structure. Communication patents are quite interesting. Expect they will also have follow-up from the D-RAM patents. Gives him a yield of 6%. Earnings are $2 and will probably grow to $2.10-$2.50 2.5 years down the road. Trading at 6X earnings.

2009-06-30

TOP PICK

13.610

Patent portfolio on both semiconductors and wireless communications. 7.7% dividend. Expected to earn $1.97 for April/09 (up 22%). April/10 forecast to $2.28 (up 16%). That is against a 5.7X PE. Thinks it will continue to be successful with their patent portfolio. Also have a skunk works where they are working on some interesting pieces relating to flash memory for blisteringly fast responses. If things are successful it could have a 50% lift.

2009-06-22

DON'T BUY

16.030

Robert Floyd

Is a play on patents. Claims on patent infringement. A difficult stock to own. Would rather have a recurring revenue theme then this type.

2008-03-20

DON'T BUY

16.800

Lesley Marks

2 names operate in the intellectual property world that investors like to talk about. Mosaid (MSD-T) and Wi-Lan (WIN-T). The space is attractive, but the difficulty is forecasting the outlook. Some of their contracts come up in 2009 so you could see a cash flow shortfall.

2007-11-15

Comment

24.040

Lesley Marks

Prefers Wi-Lan (WIN-T), which has a better outlook. There are a lot of positive changes going on in the company. Very good patent portfolio.

2007-06-26

DON'T BUY

27.570

Kenneth P. Norquay, CMT

Long-term chart shows stock going from $5 to $35 where it peaked and then went sideways. Resistance is about $29 with a bottom of about $23. At its current price, the reward of $29 is small while the risk of $23 is quite large.

2007-04-17

DON'T BUY

28.800

Ranks 204, just out of the top 25%. Earnings estimates have been shaved by 5%. Has a 13 P/E on a 21% earnings growth. Basically a patent portfolio play as they own a ton of patents related to D-RAM.

2007-01-25

DON'T BUY

28.000

Peter Hofstra

Not a big fan. Sordid history with a few lawsuits that they have participated in. Not enough positive check marks.

2006-12-06

BUY on WEAKNESS

27.910

Has a patent portfolio that revolves around the D-rim space. Expected to earn $2.04 in 07, a 14 P/E and expected to move up to $2.38, a 12 P/E. Wait for the Tech pullback.

2006-11-28

Comment

28.420

Bill Carrigan

It's in the right sector and thinks it will go higher. If you like technology, he suggests you go with an E.T.F. (XIT-T).

2006-09-15

DON'T BUY

26.250

David Burrows

Semiconductor group has had a very difficult time over the last number of months. Studies show that only 20% of semiconductor stocks have a positive price trend and the rest have been selling off. He looks for sectors that have sold off, but wants individual stocks that despite the weakness did not go down. This is not one of those companies.

2006-08-23

Comment

26.810

Robert Floyd

A good portion of the earnings is coming out of their patents. Difficult to put a value on a company with a revenue stream based on patents. Probably cheap but doubt if they would have the same valuation as a company that is actually making a product.

2006-08-18

DON'T BUY

22.350

The driving force of their patent enforcement has left. This is a combination of intellectual property company as well as actual instruments for testing. Their patent portfolio runs out in about 4/5 years.

2006-08-15

BUY

23.590

Earnings growth is pretty good. Has slipped in his database to 287. Earnings expected to go from $1.34 to $1.92. Have been successful in enforcing their patent and expects it to continue to be. At 12 X PE it is attractive.

2006-07-25

BUY

23.290

Ranks in the top 3rd of the database. Have very good patents on D-RAM memory stuff and they are suing a lot of people. Earnings are expected to grow from $0.86 to $1.25. Reasonably priced.

2005-12-08

DON'T BUY

22.910

Michael Sprung

Has increased its dividend by 60%, but in the meantime the stock is not moving much. Had a nice comfortable niche at one time, but over the last couple of years seemed to have struggled. Not an area that he would be too interested in. Consider having a basket of these stocks to broaden the risk.

2005-12-07

WEAK BUY

17.660

Just above half in his database model. Earnings estimates have been shaved by 4% over the last 60 and 90 days. Overall earnings for the April 2006 year are expected to go from $0.94 to $1.25.

2005-07-21

DON'T BUY

20.900

John Zechner

Would leave it for the people who know more about litigation. Up and down like a yo-yo. In courts with Samsung and Nvidia (NVDA-Q).

2005-04-06

BUY

28.840

Peter Hodson

Good cash flow. Solid portfolio. Recieving royalites globally. Very compelling risk vs. return.

2005-03-01

WEAK BUY

23.540

A very controversial stock. Had a court case and in anticipation of a settlement, had a wonderful rise from July of last year which meant it was way over bought. AT $20 there should be support. If you buy, set a price you are willing to lose, eg $1 and get out if it hits that. A very speculative stock.

2005-01-20

BUY

22.000

Jim Huang

Has cash flow, but the biggest value of this stock is in patents. Won a case against Samsung, but not a lot of disclosure on settlement and length of patent. Difficult to judge fundamental valuations, but if it can have similar arrangements with the major semi-conductor companies, ther is probably more upside than downside.

2005-01-19

TOP PICK

31.970

Matt Baillie

An intellectual property company. Owns over 100 patents on D-Rams (memory chips). Has a bunch of clients who license out their technology. Mosaid is suing Samsung and Infinion. Feels that Mosaid has a very good case. Very volatile and depends on a coutroom and jury.

2004-12-10

WEAK BUY

31.840

Ranks poorly in the data base model because chips are going to hell in a hand basket due to large inventories. However, they have an extremely broad patent portfolio and are getting good traction in their patent lawsuit versus Samsung. Wildly speculative.

2004-12-09

PAST TOP PICK

22.700

(A Top Pick Aug 24/04. Up 40%.) Just had a breakout. Still a good BUY.

2004-11-16

TOP PICK

19.290

Had a low in 2001 and has been base building since. Use a stop/loss at $16, which is the downside risk.

2004-10-20

TOP PICK

15.510