PRKR was a disaster but some positive things for the company came out of the trial. For one the patents are PRKR they were found valid and determined to be PRKR property. This opens the door to a possible injunction against QCOM which would make QCOM unable to continue to use PRKR RF chips. That would give PRKR huge leverage. The past royalties are settled (until appeal) so now they need to determine future royalties going forward. The patents being determined to be PRKR makes PRKR an attractive buyout company to QCOM or other competing technology manufactures who would like the rights to PRKR technology.
$127M is not chump change to PRKR but is significantly less than the $500M-$2B that PRKR was asking for and what was reported by supposedly legitimate analysts. This experience has really opened my eyes to the perils of excessive optimism. You learn quickly in the markets that you can not trust anybody else but yourself. It is just a shame that bank analysts like JP Morgan, GS, and the like are never held accountable for their often downright false information and recommendations. O well Im not out of PRKR until the futures royalties are determined and we discover if there is to be an injunction or not.
The market must go on and this week is significant for the state of my portfolio in that its earnings week.
First up on tuesday 10/28/2013 we've got earnings from TTWO and DDD
TTWO released not only the biggest game, but the biggest media product of all time this year with their blockbuster Grand Theft Auto V. Making over $1B in less than three days and selling millions of copies worldwide TTWO has been the most counterintuitive stock reacting to all the positive news by actually selling off. This company is a prime example that you can never accurately predict the market. I knew the game was going to be big. It was bigger than anyone had anticipated despite what some bears would try to lead you to believe. The stock reacts by selling off... Carl Icahn himself has a decent stake in TTWO and even has his son sitting on the board of directors. Icahn does Not loose money so I have no worries about the future of TTWO. This weeks earnings are huge for TTWO and it will be interesting to see how the stock reacts.
Also on tuesday we've got DDD earnings.
DDD has been good to me so far this year. I honestly have no idea how earnings are going to turn out but from what I've heard from interviews on CNBC from the ceo they are doing well. DDD is trying to corner the retail side of 3D printing and capitalize on the retail consumer by creating machines that are easy to use and capable of crafting novelty plastic things. They do more than that though heres a big block of text if you want to read the official company description http://finance.yahoo.com/q/pr?s=DDD_ . I have no idea what will come out of earnings so I'm rolling the dice. The 3D printing sector is hot and I am not worried about turning any 3D printing company into longterm investments.
Wednesday 10/30/2013 is earnings from BALT
BALT is a dryshipping/cargo ship play on the recently rallied BDI. The BDI has been dropping lately and as a result the shippers have been underperforming the market. However the BDI is still much higher than it was last quarter and BALT is now profitable when it wasn't in the past. This is an earnings play and I hope that the new numbers come as an upside surprise to major analysts who might have missed the rally.
Last but not least we have NVO earnings on Thursday 10/31/2013
Novo Nordisk has had a couple significant drug approvals come through lately. I am not sure what the numbers will look like but I'm hoping for the best!
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