BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

XPER: Multiple Shots on Goal, Upgrading to Top Pick

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul type="disc"><li>
Xperi (XPER) announced the renewal of its license agreement with Alphabet (GOOGL) for XPER’s entire patent portfolio. This is the first over the top (“OTT”) license renewal since XPER and TiVo merged. It marks a change in the business model and to how TiVo used to charge OTT operators.</li></ul> <ul type="disc"><li>We have been highlighting the forthcoming change in revenue structure from this segment of XPER’s business for several quarters. The GOOGL news is not enough to move the needle on a standalone basis, but it does describe how the patent license business is changing and could still grow when pay TV operators are experiencing a decline in subscribers.</li></ul> <ul type="disc"><li>The license with GOOGL was the first to renew, but there are a handful more that should come up for renewal soon.</li></ul> <ul type="disc"><li>We have updated our earnings model to include the benefits and impact from the MobiTV acquisition completed in the second quarter.</li></ul>


Xperi (XPER) announced the renewal of its license agreement with Alphabet (GOOGL) for XPER’s entire patent portfolio. This is the first over the top (“OTT”) license renewal since XPER and TiVo merged. It marks a change in the business model and to how TiVo used to charge OTT operators. We have been highlighting the forthcoming change in revenue structure from this segment of XPER’s business for several quarters. The GOOGL news is not enough to move the needle on a standalone basis, but it does describe how the patent license business is changing and could still grow when pay TV operators are experiencing a decline in subscribers. The license with GOOGL was the first to renew, but there are a handful more that should come up for renewal soon. We have updated our earnings model to include the benefits and impact from the MobiTV acquisition completed in the second quarter.

Xperi

XPER: OTT Streaming New Revenue