ParkerVision (Nasdaq:PRKR), a Florida-based technology company, released quarterly earnings yesterday. While the stock dipped during yesterday’s session, aggressive investors should view this dip as a buying opportunity to benefit from Parker’s strong patent litigation prospects over the next six months.
Business Model
ParkerVision designs and develops proprietary technology, radio frequency and other products. PRKR technology is used in semiconductor circuits for wireless communication devices nationwide. In addition, PRKR is involved in ongoing efforts to sell its technology for processing RF waveforms in wireless applications.
The proprietary technology covers the functions of transceivers, transmitters and receivers. The transmission functionality, Direct2Power, enables the conversion of baseband data signals into RF carrier waveform at the desired output level in a single operation. PRKR’s receiver functionality, Direct2Data, enables the conversion of an RF carrier to a baseband data signal.
ParkerVision also offers engineering consulting and design services to its clients to help them develop prototypes or integrating ParkerVision technology with their own platforms. The company’s products can be integrated into a wide variety of products that utilize receivers, RF transmitters or transceivers. These include tablets, mobile handsets, machine-to-machine products, femtocells, RF identification and related infrastructure.
Its technology also is utilized in various RF components for industrial and military applications. The company was founded in 1989 and is headquartered in Jacksonville, Florida.
Recent Success as a Litigant
PRKR has been involved in several lawsuits regarding the company’s patented technology. Recent successes are a good sign for shares of PRKR.
In July, ParkerVision reached a settlement with Samsung (OTC:SSNLF) for license of its patents. While the financial terms of the settlement were confidential, the settlement was clearly a win for ParkerVision. In the wake of the settlement, Samsung will hold a worldwide license to use ParkerVision’s patented material in its huge number of cell phones, which had been the subject of ongoing litigation by ParkerVision against the company.
