STOCKCHASE

Very fine company. You will probably need some patience. You are now waiting for fundamentals to give you good results. Very sharp company. Very news driven which could give you a sharp upturn.

2012-02-07

DON'T BUY

5.400

Not fussy about companies that make their living by litigation. The short term on this is not too exciting. It has traded below the 200.

2012-01-27

BUY

5.400

Had an unsuccessful bid for Mosaid last year. Feels it has been in the penalty box since then. There has recently been some insider buying. Quite inexpensive. Looks like it is breaking its more recent downtrend.

2012-01-27

TOP PICK

5.760

Stock has really come off in the last few months. Very sound balance sheet with about $1.60 per share in cash. They've got $.50-$.60 in earnings. Stock, excluding the cash, is trading at 6-8 times earnings. You get about 1.8% yield and they may raise the dividend in Q1 as they have a lot of cash as well as a lot of cash flow. Have been buying back shares. There could be some near-term settlements.

2011-12-29

BUY

5.180

Suffering from the after effects of their attempt to acquire Mosaid (MSD-T). Very aggressive in the patents business. Should be a good buy at this level. Just announced an addition of 1400 patents.

2011-12-13

BUY

5.980

Patent space will continue to have investors watching. Stock has been sideways for a while. In the short term, was under pressure for their bid for Mosaid (MSAD-T), which has fallen to the wayside now. Likes their prospects for growth.

2011-11-18

BUY

7.420

Have dropped their bid for Mosaid (MSD-T). Focused on communication patents.

2011-10-31

TOP PICK

6.880

Prakash Hariharan

(Top Pick Mar 9/11, Up 20.40%) The stock should be way higher than where it is now. If they do 60 cents of earnings this year, which he thinks is a possibility, the stock at $6 is an incredible value.

2011-10-28

Comment

6.110

Currently offering $42 for Mosaid (MSD-T). This has been a fantastic growth story but he questions why they want to do this deal. He worries about the semiconductor side of things with Mosaid.

2011-10-20

DON'T BUY

6.230

Doesn't like this stock. Had a big drop and hasn't been able to recover. Looks like $5.60 would be a support level for it. Wouldn't touch it until it reaches the $7.20 level and possibly down to $5.

2011-10-14

DON'T BUY

5.740

Ron Meisels

Starting to break down through the 200 day moving average so he is selling his holdings.

2011-10-03

HOLD

6.650

Making a hostile takeover bid for Mosaid (MSD-T). The sector of patents is in a state of huge flux.

2011-09-27

BUY

6.160

Veronika Hirsch

Thinks if they win Mosaid it would be a hugely attractive acquisition. If they don’t win, it won’t make much difference to the price. They could easily be a takeover target some day.

2011-09-23

Comment

7.150

Prefers Mosaid (MSD-T), which this company is trying to acquire as they have a bit of a profit hole they are trying to fill. Doesn't think this deal will go through. If it goes through, he likes the combined entity and would buy it.

2011-09-08

BUY

6.920

Making a hostile bid for Mosaid (MSD-T). If they can get this, it will be a better combined company. If they don't get Mosaid, he still likes the growth aspect. Great management. Strong balance sheet. Lots of cash. Good entry point.

2011-09-06

BUY

7.450

Intellectual properties. Trade at about 8X EBITDA so is undervalued compared to its US peers. Currently in a hostile bid for Mosaid (MSD-T) but is unlikely to happen at the current bid price.

2011-08-30

TOP PICK

7.270

Making a hostile bid for Mosaid (MSD-T) at $38, which would be very accretive to them. In a win-win situation whether they make this acquisition or not. Trade at about 7X earnings not including cash.

2011-08-29

TOP PICK

6.900

Hap (Robert) Sneddon FCSI

Patent portfolio company. Offering $38 a share for Mosaid (MSD-T). These 2 would include 4G wireless patents plus Mosaid’s Dram patents making it a very powerful combination. There is an option in the US expected by Labour day, which should give powerful insights into the value of patents giving good visibility to this company.

2011-08-26

BUY

6.500

Chyanne Fickes

As a result of the decline in stock price, because of their bid for Mosaid (MSD-T) this represents good value here. If they are successful it will be very good for them.

2011-08-22

Comment

5.660

Chart shows 2 trend lines. First one was gradual up to mid-2010, followed by a sharper one. The last trend line has now been broken. It will probably hold at around the current level. There is support at around $4.90-$5. Feels that no matter what happens in the market, there will be some good places to be in technology.

2011-08-08

TOP PICK

8.150

Bought today. Fascinating situation. Dramatic future. Patents of 4G/LTE next generation communications. Got hit because of a deal involved with parents blocking something on television. Case is going to a higher court. Is a minor setback

2011-08-03

Comment

9.060

Veronika Hirsch

Has been reaching new highs. One analyst has a target of $16. It has attractive companies.

2011-07-27

PAST TOP PICK

8.360

(Top Pick Aug 16/10, Up 146.04%)

2011-07-19

PAST TOP PICK

8.240

(A Top Pick Sept 23/10. Up 106.98%.) Sale of Nortel patents has recently shone the light on the intellectual property companies. Still cheap and still has a lot of upside.

2011-07-13

BUY

8.080

Hap (Robert) Sneddon FCSI

Intellectual technology property rights. He compares it to Mosaid (MSD-T) both are great companies. (He bought Mosaid.) Has a great deal of upside. Could see it going to $12.50 in the next 12 months.

2011-07-11

BUY

8.260

Brian Acker, CA

The only looks at the top 100 on the TSX, so this one is too small for him. His model price is $14.07, a 70% upside. He would put a target on this of at least $10.70.

2011-07-08

STRONG BUY

8.300

Chart shows a gradual incline from 2009 with a sharper pitch change in 2010-2011. Pretty positive but also indicates you are getting to an end point. Gapped up in June, which is pretty positive. That's a great time to buy as a gives you support. This one looks fantastic.

2011-07-06

PAST TOP PICK

7.490

Prakash Hariharan

(A Top Pick March 9/11. Up 31.57%.) Monetizes patent portfolios. Still looking for a second leg of growth for them. Still a buy.

2011-06-29

BUY

7.030

Andrew McCreath

Expect to see some catalysts in the back half of the year, especially on the patent side of chips going into televisions. Have about $1.70 in cash. Bulletproof balance sheet. Expect they will earn $.70-$.75 this year.

2011-06-21

TOP PICK

7.920

(A Top Pick June 18/10. Up 141.64%.) Holds patent licenses and will be listed on the NASDAQ shortly. Expected to report $0.07 on June 6 compared to $0.01 last year and is expected to grow to $0.13 when reporting on Sept 6th. 2012 PE of 13.6X PE. 29% earnings growth.

2011-05-31

HOLD

7.890

Intellectual properties. The reason he would like this stock is because he likes the technology sector. Thinks it works higher.

2011-05-27

BUY

7.530

They continue to file new patents and get licensing agreements. Earnings have been very strong. Good for the long term.

2011-05-26

Comment

7.580

Wants to meet with management before he buys but it looks like its for real and could become something much bigger. Hoping to add to his portfolio in the next 30 days.

2011-05-25

BUY

5.980

Andrew McCreath

Will be listing on NASDAQ. Risk/reward is skewed to the upside. Expects they will bump guidance again in early June quarterly results. Have about $1.60-$1.70 in cash Will earn about untaxed $0.75 this year and expects that will go a little higher. Expecting a few catalysts in the back half of the year. His target is $8.

2011-04-28

WEAK BUY

5.930

Intellectual rights to technology assets. Would not back the truck up for this one, but could put a bit of money into it. Wishes he started getting into it earlier.

2011-04-26

BUY

5.860

Excellent entry point. Intellectual property company. Able to sign a number of deals near the end of the year worth about $500 million. Will start paying cash taxes on earnings. Expect they can earn $0.45 next year. Have $1.60 per share in cash.

2011-03-28

BUY

5.740

Earnings expected to be 45 cents, giving 13 PE. ROE 19%. Lots of mining of the patent portfolio to do. Looking at changing business so they don’t actually own the patents or pay the lawyers directly.

2011-03-15

BUY

5.730

Lesley Marks

Prefers MSD-T. Positive on this kind of company. Recently they had a flurry of great licensing news, which has boosted it. They recently financed. Feels they over financed. Great balance sheet and great cash flow.

2011-03-09

TOP PICK

5.730

Prakash Hariharan

Interesting company, very nice sweet spot. Pays a dividend, lots of cash. Excellent patent portfolio. Has a reasonable cash position. Pays a dividend. Should be doing $110-$120 Million in top line growth which would translate into 50-60 cents / share in earnings.

2011-03-09

BUY

6.440

Chart is very positive. It is reaching a pausing point here. People are anticipating some news and will get out if they don’t see it soon. $6 could be a good buying opportunity. There is no upside target. It could take off quite a bit, depending on news.

2011-02-01

BUY

6.590

Likes what they’ve done. They clearly own the patents and you are starting to see companies like Broadcom (BRCM-Q) and Atheros (ATHR-Q) hall into play. As this happens, it gives the other companies an incentive to fold too. A perpetual annuity of cash flow coming in. Sitting on $100 million in cash. One caveat, they issue a lot of stock.

2011-01-25

Comment

6.110

Owner of intellectual property that companies pay a fee for using. Suing non-payers. Very successful so expects it to go higher. Huge volatility so would hedge his bet by owning this as well as the similar company Mosaid (MSD-T).

2011-01-20

DON'T BUY

6.000

Jim Huang

It is an intellectual patent company. They would settle with companies to get royalties. Value of company depends on kinds of licensing agreements and lawsuits they can win.

2010-12-30

BUY

4.830

Just signed a deal with LG Electronics over their wireless patent. Trial is going on in Jan and there could be a catalyst coming up in the next couple of weeks. Very strong patents.

2010-12-22

BUY

4.360

Have a large series of lawsuits going on and it is expected that some negotiations are going on and will be settled before the trial date in early January. Did a financing to bulk up the balance sheet and now have over $100 million as a war chest. Analysts are suggesting a $400-$600 million over a 5 to 10 year period.

2010-12-09

TOP PICK

4.560

There are few choices in the tech space in Canada. 92 Million in cash and 95 companies signed licensing deals with them. Pays 1% dividend. They are suing everyone. Based on patents and people have licensed them already. It’s just a matter of time until one of the big ones falls into them.

2010-10-19

HOLD

4.460

Very nice looking chart. It broke out of an upward trend. It could drop back to $4. It has a lot of volume. It has to have some exhaustion and then watch it. There is resistance about the $5 level.

2010-10-08

BUY

4.280

Owns intellectual property rights and charges a fee. Looks like the build-up of royalty fees is becoming quite strong.

2010-10-04

TOP PICK

3.990

Licensing company for wireless such as RIM (RIM-T), Nokia (NOK-N), etc. Recent Markman hearing with Apple (AAPL-Q), Dell (DELL-Q), HP (HPQ-N) and a few others that was mandated that a mediation was to take place and finished by Oct 20.

2010-09-23

TOP PICK

3.330

Intellectual property patenting licensing technology company. Over 545 patents across CDMA, WiFi, Bluetooth and V-chip. About 25% of revenues come from V-chip. 3 pending litigations with one of the larger ones with 16 companies on CDMA and WiFi, etc. Can see this as a dividend growth story over time. No debt and $100 million in cash and a yield of .05%.

2010-08-16

STRONG BUY

3.220

Have about $1 a share in cash. Have raised guidance in the last 18 months 3 or 4 times. Expects to see some developments shortly in terms of signings. Strong balance sheet. Looking for a lot of upside in the next 18 months.

2010-07-16

TOP PICK

3.280

Holds patents and licenses them to technology companies. A recent hearing in Texas was beneficial to them. Have a patent on Bluetooth, which will be valuable because of drivers having to have hands-free operations. $.12 estimated earnings for 2010 and $.23 in 2011.

2010-06-18

SPECULATIVE BUY

2.990

Alexander Lane, B Comm, C

Collect royalties on patents. (Also see Mosaid (MSD-T)) Backlogs rather than near-term earnings, so Ranks about neutral in his model. Markman hearings were held last week and should be a report in 90 days and expects it will be in their favour. Extremely interesting patent portfolio, which he expects will pay off in the next 1.5 to 2 years.

2010-03-18

STRONG BUY

2.880

Ron Meisels

Believes it is a winner. Stock is above the 40-day moving average and is rising.

2010-03-02

BUY

2.200

Allan Jacobs

Have been signing more and more patent licensees. Very good management. Cheap stock.

2009-09-10

SELL

2.290

(Market Call Minute.) Ahead of itself. Not a big fan of the business model where they raise money for legal fees.

2009-06-29

Comment

2.020

(Market Call Minute.) If you own it, he would sell and buy it back later. If you don't own it would be a buy.

2009-06-22

BUY

1.590

Good example of a company where the stock has gone down but nothing has changed. Sitting on about $1 per share plus in cash. Will be generating positive earnings cash flow this year. Very low PE ratio. Have a great patent portfolio. Low risk.

2009-02-12

Comment

1.830

Signed a deal with RIM. Suing about 21 companies. Have cash on the books. Have upped their guidance, which is pretty rare these days. Has got a serious potential, but no one cares. When the market recovers, the stock should do exceptionally well.

2008-08-27

PAST TOP PICK

1.850

(A Top Pick July 4/07. Down 63%.) Won a couple of royalty streams from a few companies but then announced they were not able to settle with a few companies that were violating their patents. Sued about 22 companies so is now a court legal situation. Sold his holdings.

2008-07-08

BUY

2.000

Howard Sutton

The patent trolling/licensing sector took a hit because of a fear of a patent reform bill. It now looks like the bill is stalled and will not be going through. Has about $1 in cash. Has the capital to execute. So cheap, the downside is limited with potential upside.

2008-05-05

Comment

1.890

Duncan Stewart

Doesn't really make anything. Has a whole bunch of patents. One of the problems with patents is that it is really hard to determine their value. At this price, it is a reasonable punt but it is speculative.

2008-04-25

Comment

2.240

Think they have bottomed here. While the rest of the world has been imploding, they continue to sign contracts. Sued 22 companies on patent infringements and as the year progresses, you'll see some of those companies start folding and settling or there'll be more legal action. Have the cash, good management team and patents. Considering buying this.

2008-01-31

BUY

2.250

Just reported record revenues and earnings and has an extremely low P/E for a tech company. Making $.36 a share. Has about $1 a share in cash.

2008-01-30

SELL

2.240

He doesn't like patent plays, particularly with small players. Intellectual property is a tough nut to crack. The chart shows lower lows and lower highs.

2008-01-09

SELL

2.540

Alex Ruus

Made a lot of money on this name. But it under $1 over a year ago and sold most of its over $5. It was a great story, but with recent legislation changes in the US with respect to patents, it would not be possible for them to make suits against other companies as easily. Has a great portfolio of patents and should be able to get some licensing from them but they no longer have the power.

2007-12-13

Comment

3.010

Not his favourite stock right now because of the way the market is going. Have filed a lawsuit against 22 companies for patent infringement. Now you have the uncertainty of how long it is going to take and how much it is going to cost them. On the positive side, they keep signing deals with other companies. Thinks the worst is over. Still likes their technology.

2007-11-26

DON'T BUY

3.130

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 future is hard to predict. Recently announced they are going to be announcing lawsuits. Extremely long-term you could probably do well.

2007-11-15

WEAK BUY

3.800

Allan Jacobs

He has a small position in this stock. He thinks it is okay but wouldn't have a huge chunk in it. He likes it but doesn't love it. It is a good company and they like the management, but the stock is volatile.

2007-10-30

WATCH

3.760

If you own this stock don't let it go below $2.50 on a weekly basis. Watch the volume.

2007-10-17

HOLD

4.000

Hap (Robert) Sneddon FCSI

He likes the management team, but the stock has been disappointing.They need to win patent cases in order to make money. Stock just went up a dollar , believes it will go up after each contract that they win.

2007-10-15

HOLD

3.220

Doesn't know the fundamentals, but it looks like it is trying to build a bit of a base.

2007-10-09

VAGUE

3.030

Getting frustrated with stock performance. If they go 3-4 months without signing contract, get out. Like the management team, got a dollar/share in cash. Not comfortable with my position in stock.

2007-09-20

BUY

2.910

Had an early bird licensing program which ended at the end of July. The didn't sign any big names, so the market went down. He's sure it's a matter of time before a company signs, or they sue a company for patent infringement. He's been buying all the way down, from a valuation point of view, you have to have more then a one year view. The cash is there, so it's not a company that needs to raise money to execute their business plan.

2007-08-17

BUY

3.300

Chyanne Fickes

Getting companies to pay up for use of their patents. Failed to announce a major deal by the end of July, which they said they would do. Earnings estimates for the next 2 years are in the neighbourhood of $.45-$.50. Very cheap.

2007-08-02

BUY

5.010

Licenses patent portfolio related to Wymax. Got a deal earlier in the year with Nokia for $50 million and have put a ton of companies on notice to pay up by the end of July or else. Ranks on the border of 25% of his database.

2007-07-10

TOP PICK

4.950

Have some great wireless patents that they are starting to collect royalties on. They have about 160 companies under notice for violating their patent. Offered an early bird program that expires at the end of July. In August, they will slap a major lawsuit on a violator, which will get very interesting.

2007-07-05

HOLD

5.150

Robert Floyd

Have had a few problems recently in terms of reporting contracts. Likes the space. Over the longer time frame, you should be rewarded. Will be a little bit lumpy in terms of contracts. Someone volatile.

2007-05-30

BUY

5.900

Bruce Campbell

Signed a deal with Nokia (NOK-N). Acquiring Tri-Vision (TVL-T) and their patented V chip to control TV content, etc. Also have a lot of wireless patents.

2007-04-02

BUY

6.730

Under flat-top markets (no recession) over the next 12 months it could do extremely well.

2007-03-26

BUY

6.370

Chyanne Fickes

They basically sell intellectual property. Earnings are coming out next week and expected to be quite good.

2007-03-12

BUY

6.370

Has been buying it all the way down. Betting on the management team. Working on a lot of patent infringements.

2007-03-12

BUY

6.840

Believes it still has pretty good upside. Have a patent portfolio that is estimated to be worth $40 to $50 million. Expect more deals to be signed before the end of March.

2007-02-28

HOLD

7.260

Michael Decter

Basically they are left with an intellectual property portfolio. Through negotiation and litigation, they are pursuing other companies that have used their patented product. If you have stomach for volatility, Hold.

2007-02-26

TOP PICK

7.350

Alexander Lane, B Comm, C

Have always had good technology. A lot of good patents and have successfully sued Nokia (NOK-N). Now have a bigger war chest financially as well as patents they own.

2007-02-19

DON'T BUY

6.500

Patents not only cover wireless space but also broadband over power lines space. This is potentially a large opportunity. Signed a very high profile agreement with Nokia (NOK-N). Stock is a little ahead of itself.

2007-02-06

BUY

5.650

Ranks #3 in his complete database. Earnings are expected to be $.67 for Oct/07. Now focusing on their patent portfolio. Very good opportunity going forward.

2007-01-25

BUY

5.470

Low cost base and good royalties from Nokia (NOK-N). A long-term hold. Also have the ability to go after Cisco (CSCO-Q). A great long-term Hold.

2007-01-24

PARTIAL SELL

5.550

Had a low in early 06, followed by a higher low, followed by a spike. This should have been accumulated near its low, but wouldn't buy at this point. If you own, take some money off the table.

2007-01-12

Comment

5.540

Jean-Francois Tardif

A complicated story. They have technology that has a ton of patents and they are going after companies using their technology. This is the reason for the move on the stock. Experts are saying there will be more. He is not comfortable with this as he does not understand technology, so stays with things he does understand.

2007-01-10

BUY

4.740

The company has turned around quite dramatically taking a big jump in December. Reached a plateau level where it is getting ready to break out into new territory. Has been going sideways for the bulk of December. Don't let it go back to $3.25.

2007-01-02

BUY

4.640

A core position for him. Patents are the cleanest and most sustainable source for a competitive advantage. They have excellent patents.

2006-12-14

BUY

4.300

John Zechner

Just announced a contract with Nokia (NOK-N). Had a huge move recently. Thinks growth is back in place.

2006-12-12

BUY

2.100

Has intellectual property on Wimax and Wi-Fi. Wimax is growing like topsy. Rates 53 in his portfolio, which is roughly in the top 10%. Trading on a very big P/E multiple. Very speculative.

2006-10-25

BUY

1.680

Ranks well in his model at 94. Owns patents on Wi-Fi and Wi-Max. There are rumours the company will be getting a substantial amount of income because of licensing of their patents. Very speculative.

2006-09-15

BUY

1.350

The catalyst for him is management. Opportunity for them is extremely large. Have some good patents. At these levels, the risk/reward is pretty good over a one-year basis.

2006-09-07

DON'T BUY

0.900