FFH Dinner Report

[NormR]

Sorry for the delay, but here's a link to my notes on the FFH Dinner.  I'm happy to make modifications/corrections should they be needed.

[CONeal]

Thank you so much for the notes.  It contained some very interesting insights.

[txlaw]

Thanks, Norm!

 

The last paragraph on Francis Chou's thoughts is interesting.  Looks like he might be reporting a stake in AIG soon. 

 

Wondering, though, where he's getting the $30 in patent value per share for RIM.  Can someone else confirm that he said there was $30 in patent value there?

[keerthiprasad]

Thanks for posting this.  I enjoyed reading it very much.

[gaf63]

Thanks for the notes and all your work, good info for those who cant make it to Toronto

[meiroy]

 

many thanks!

 

[link01]

thx, norm. i always look forward to reading the ffh meeting notes. its the next best thing to being there.

[MrB]

  On 5/8/2012 at 1:51 AM, txlaw said:

Thanks, Norm!

 

The last paragraph on Francis Chou's thoughts is interesting.  Looks like he might be reporting a stake in AIG soon. 

 

Wondering, though, where he's getting the $30 in patent value per share for RIM.  Can someone else confirm that he said there was $30 in patent value there?

 

No. He said $13

[txlaw]

  On 5/10/2012 at 10:01 PM, MrB said:

  Quote

Thanks, Norm!

 

The last paragraph on Francis Chou's thoughts is interesting.  Looks like he might be reporting a stake in AIG soon. 

 

Wondering, though, where he's getting the $30 in patent value per share for RIM.  Can someone else confirm that he said there was $30 in patent value there?

 

No. He said $13

 

Thanks MrB. 

 

That makes a bit more sense, although it's still a surprisingly large number.  Did Chou say how he got that valuation -- for example, by getting a patent litigation boutique to give him an analysis?  I know that at least one analyst has said that the RIM patent portfolio is only worth $2.5 billion, which comes out to  about $5 per share.

 

This is clearly something we should examine, as it explains why FFH bought into RIM at such high prices.

[NormR]

  On 5/10/2012 at 10:01 PM, MrB said:

  Quote

Thanks, Norm!

 

The last paragraph on Francis Chou's thoughts is interesting.  Looks like he might be reporting a stake in AIG soon. 

 

Wondering, though, where he's getting the $30 in patent value per share for RIM.  Can someone else confirm that he said there was $30 in patent value there?

 

No. He said $13

 

I thought the $30 was way too high - but I wasn't there.  Can anyone confirm the $13?

 

[kiwing100]

thank you

[Eddie Willers]

I checked my hand written notes.  The number is 13.  I must have goofed while typing them up.  Sorry to all for the confusion.

 

Best regards,

 

Eddie

[NormR]

Thanks, I've made the correction.

 

http://www.ndir.com/SI/articles/FFH_Dinner.pdf