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Wi-LAN Inc. 2013 Annual Report
Wi-LAN Inc. 2013 Annual Report CONTENTS 2 Letter to Shareholders 5 Management’s Discussion and Analysis (MD&A) 33 Management’s Report 34 Auditor’s Report 35 Consolidated December 31, 2013 Financial Statements 39 Notes to Financial Statements 59 Directors and Officers 60 Corporate Information Wi-LAN Inc. 2013 Annual Report 1 LETTER TO SHAREHOLDERS Dear Fellow Shareholders: It is seven years since market changes and strong competitive forces put WiLAN’s Board in the position of having to choose between the Company continuing as a manufacturer of high-speed wireless products or focusing its business on technology licensing. WiLAN’s Board of course chose to focus on technology licensing and today WiLAN is a different and much stronger company. From modest beginnings with a small portfolio of wireless patents, WiLAN has grown into one of the world’s leading licensing companies. We have established a diverse business which is no longer dependent upon a single market or a single portfolio of patents but instead is active in many of the world’s most important technology markets. In the last seven years as a licensing company, WiLAN has developed many successful multi-million dollar licensing programs for patents. These programs relate to many key technologies employed today including Wi-Fi, 2G, 3G and 4G cellular, DOCSIS, Bluetooth, DSL, and V-Chip. Many of these licensing programs are expected to continue to generate revenues and new licenses in the future. WiLAN has assembled a world-class team, including senior business executives hired in 2013 who have been tasked with expanding our business into new markets. -
Wi-LAN Inc. 2011Annual Report
Wi-LAN Inc. 2011Annual Report CONTENTS 2 Letter to Shareholders 5 Management’s Discussion and Analysis (MD&A) 34 Management’s Report 35 Auditor’s Report 36 Consolidated December 31, 2011 Financial Statements 41 Notes to Financial Statements 61 Directors and Officers 62 Corporate Information Wi-LAN Inc. 2011 Annual Report 1 LETTER TO SHAREHOLDERS Dear Fellow Shareholders: 2011 was a great year for WiLAN. It was a year in which we had a number of successes. New license agreements dramatically increased our annual and booked revenue. Additions to our team expanded our leadership, experience and expertise. Valuable patent acquisitions more than doubled the size of our portfolio. A financing during the year substantially strengthened our balance sheet. Entering 2012, our foundation for growth has never been stronger. Early in 2011, WiLAN reached settlements with many marquis industry players, including Atheros, Broadcom, Intel, Marvell and Motorola Mobility, to end a number of major litigations. These settlements demonstrated the strength of our patent portfolio and our licensing capabilities. License agreements signed in 2011 positioned WiLAN to generate hundreds of millions of dollars in future revenues and contributed to 2011 revenues of over $105 million, more than double our 2010 revenue, and over $71 million in adjusted earnings. During the year, WiLAN invested $19 million in cash to acquire valuable technologies and returned over $13 million to shareholders in share buyback and dividend payments. WiLAN’s balance sheet ended the year stronger than ever, aided by a $75 million funding round and the generation of over $57 million from operations. In recognition of WiLAN’s strong balance sheet, significant backlog and strong expected earnings going forward, the Board of Directors voted to increase WiLAN’s 2012 annual dividend by 20% to 12 cents per common share. -
Printmgr File
U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 40-F (Check One) Registration statement pursuant to Section 12 of the Securities Exchange Act of 1934 or ⌧ Annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2013 Commission file number: 001-35152 WI-LAN INC. (Exact name of registrant as specified in its charter) Canada 6794 28-0451743 (Province or other jurisdiction of (Primary Standard Industrial Classification (I.R.S. Employer incorporation or organization) Code Number (if applicable)) Identification Number) 303 Terry Fox Drive, Suite 300, Ottawa, Ontario, Canada K2K 3J1 (613) 688-4900 (Address and Telephone Number of Registrant’s Principal Executive Offices) Torys LLP 1114 Avenue of the Americas, 23rd Floor New York, New York 10036.7703 Attention: Andrew J. Beck (212) 880-6000 (Name, Address (Including Zip Code) and Telephone Number (Including Area Code) of Agent For Service in the United States) Securities registered or to be registered pursuant to Section 12(b) of the Act. Title Of Each Class Name Of Exchange On Which Registered Common Shares The NASDAQ Global Select Market Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None For annual reports, indicate by check mark the information filed with this Form: ⌧ Annual Information Form ⌧ Audited Annual Financial Statements Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: 119,909,016 common shares. -
The-Smartphone-Royalty-Stack-Armstrong-Mueller-Syrett.Pdf
The Smartphone Royalty Stack: Surveying Royalty Demands for the Components Within Modern Smartphones Ann Armstrong, Joseph J. Mueller, and Timothy D. Syrett1 [WORKING PAPER2] Competition in the smartphone industry is fierce, and for smartphone suppliers, achieving profitability is highly challenging. Indeed, few suppliers are meeting the basic goal of selling devices for more than the costs incurred in supplying them.3 This article examines one category of such costs: the cumulative royalty demands for the patents claimed to cover technologies in a smartphone. The authors have years of experience studying such costs, as an in-house attorney at a supplier of components for mobile devices, and as litigators who have worked on many patent cases involving smartphones. For this article, we report only publicly-available information. To the extent that we have knowledge of confidential licensing information through our in-house or litigation work, we do not report it in this article, in any way. But, our collective experience has allowed us to effectively canvass publicly-available information to sketch the royalty landscape for smartphones. Using exclusively this public information, the article presents a “bottom-up” analysis of smartphone royalties by examining the potential royalty burden on the major technologies and components in smartphones. We are unaware of any similar study. Some studies have focused on royalties on discrete technologies (e.g., cellular communication functionality), rather than the 4 broad range of components across the entire device. Others have quantified relevant intellectual 1 Ann Armstrong is Vice President and Associate General Counsel at Intel Corp. The views expressed by Ms. -
Press Release Headline
PRESS RELEASE Everex Licenses WiLAN Wireless Technologies License provides access to WiLAN’s portfolio of LTE related patents OTTAWA, Canada – July 25, 2011 – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX:WIN) (NASD:WILN), today announced that Everex Electronics has signed a six-year running royalty license agreement related to LTE, Wi-Fi, Bluetooth and CDMA technologies for use in Computers, Notebooks, Tablets and other consumer electronic devices. “Everex is the 115th company to license patents in our growing wireless portfolio,” said Jim Skippen, Chairman & CEO. “With over 1000 issued and pending patents related to current and next generation wireless technologies, licensees are gaining great value from our technology portfolio.” WiLAN’s wireless technology patent portfolio includes over 500 issued and pending patents related to 4G. The Company’s portfolio also includes patents related to 3G, CDMA, Wi-Fi, Bluetooth, MIMO and antenna technologies. About WiLAN WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 250 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G cellular handsets, Wi-Fi-enabled laptops, Wi-Fi/DSL routers, xDSL infrastructure equipment, WiMAX base stations and digital television receivers. WiLAN has a large and growing portfolio of more than 1400 issued or pending patents. For more information: www.wilan.com. Forward-looking Information This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws, including statements relating to WiLAN’s recent settlement related license agreements, listing on NASDAQ, realization of deferred income tax assets and current guidance for results, revenues, operating expenses and adjusted earnings for the Company’s full 2011 fiscal year.