Mickey, use common sense and experience to get away from the clear error in the transcript. Zte has a jury finding and court order of infringement. Zte and IDCC are engaged in 3 different court battles. Therefore, any deal with Zte would require an 8k or 10k fling. As of today, no 8k has been filed regarding Zte. The most recent 10k has a whole section on Lte litigation and it does not conclude with a last paragraph about all matters in all courts have been settled as of x date. LG and Zte are now in a box. Samsung is not the only big player licensed any more. In fact, the top 3 players are now under license. Past infringement liability is not going to go away. Jethro Bodine and Ms. Hathaway could license LG and Zte if you gave them the task. Sadly, the compensation plans for IDCC management is set up on goals. They maxed out with H and Apple (despite a haircut) and these two obvious potential licensees are in the wings for the next game. Hon Hai is contemplating selling its own brand in America and they should be an easy target once they begin placing products in the USA commerce. You might say that our compensation model actually hurts shareholder value in some instances. It is mandatory that we keep the IOT licensing revenue per unit. If it is fixed, it does not matter if the sector explodes to a 19 trillion dollar industry because we are locked into a steady, no growth revenue model. No growth business models receive less than half of the multiples allowed for growth models. Avanci is holding for per unit and IDCC must hold for per unit on the upper layer business. All you have to do is go back to the charts WM provided at the ASM a few years back showing how easy 800 million revenue a year would be to attain because of industry growth. The reason for his confidence was the licenses were mostly per unit at the time. How did that work out for us shareholders? Lg and Zte will be licensed when the next compensation plan is announced by the BOD. I am still in this play for the engineers. If somehow IOT becomes fixed fee or the company purchases their own jets, I will leave and not look back.
MO
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