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We are more than $2 from premarket-low
Pre-Market
Last: $17.28 Pre-Market
Best Bid: N/A Pre-Market
High: $17.69
Pre-Market
Volume: 270,069 Pre-Market
Best Ask: N/A Pre-Market
Low: $16.50
Beside my big loss ($100k+). It is not IDCC's fault that stock price drop. Stock is pure DEMAND-SUPPLY at certain moment in time.
We did not give in to Nokia. Management had tried its best to get it signed (I believe). I think this may settle in next 60 days. What could Nokia says if Federal judge said no to for its request to unseal the agreement between two parties?. IMO, Nokia would sign before going to binding arbitration. I would rather sign the agreement that I know rather than from BINDING arbitration (that I do not know outcome yet).
Remember what Nokia did to Qcom. Qcom price drop.(PS: I do not Qcom shares) Later on agree to the rate. This is Nokia way of doing business. IMO
FWIW: When price is settle down. It is a good time to buy.
Arbitration would mean IDCC would get some cash after the resolution. There is no dispute of IPR. Be sensible not emotion. Anyone see any more bad news beside this. Price already reflect it. BTW: I lost more than $100k in paper today.
It is not solid writing on the wall. He may think it is really close. BTW I am reading a tea leaf (plus loop is not here this week) that is good sign for me to buy short term call.
IMO At least $1 Up tomorrow. Seem like this board is in the good mood. You almost can gauge tomorrow price from this board. SHORT may not sleep good tonight.
OT: I brief look into it. Do not see any news. Wait for all financial gurus to digest it just in case I miss it.
11-k Annual report out for a few hours already.
Surprise nobody have anything to say
http://www.interdigital.com/investing_secfiling_linker.jsp?url=http%3A%2F%2F10kwizard.ccbn.com%2Ffil...
More likely arranged traded @ closing price from Russell 2000 to Russell 1000. IMO
Teecee: I stole bigger one. On 3/17/03 when IDCC/ERICY settle. The first trade that day. Got 1000 @$14.20 Premarket
If they do not settle by June 30 and do not care about discount. I bet arbitration is in sight.
http://stockcharts.com/gallery?IDCC
(deleted by myself)
I doubt anything would change. Nokia take too long.
General thinking. We go to arbitration. Stock reflect that thinking. IMO BTW. I still hold my shares. no longer add anymore due to that concerns.
They really try hard to PUT me, I will let them.
-10 June 25
-10 June 27.5
Total 2,000 shares)
From your link last year Russell 1000
CAPITALIZATION STATISTICS
As of reconstitution, June 30, 2002; Market-cap data updated May 31, 2002 Range: $309 billion to $1.3 billion
IDCC on June 13, 2003 closing price of $25.35
TSO 55,630,000
Market Value $ 1,410,220,500
I wonder. Will IDCC be included in Russell 1000 next year?
That would be close call. Will IDCC beat the last 1000 in term of market cap on JUNE 13,2003?
My guess: IDCC will.
Guess from high activity after Hours
Volume: 400,200 after hours on 6/16/03
Some may already try to adjust their holding.
I may be wrong the last time (I remembered) they bought is when they voted (between) themselves in secret to give 4 for 1 incentive. We should give them 10 to 1 so they could rush in to buy instead of selling with unlimited supply of stock option.
IDCC's PR announced revise earning UPWARD for last year 2002 on Friday March 14 (after hours). Everybody wonder why they did not want to add it up to 1st. Quarter 2003. That would make earning of 1st Quarter 2003 look better. We spent so much time argue over the weekend. Monday morning 3/17 Ericsson settlement news. I guess IDCC did not need to make 1st. quarter look too high.
IMO: IDCC may already have somethings in the bags for next week. So they do not mind to release some this weeks (all 3).
OT: I happened to me too for putting order buy IDCC and see it go by at lower price at others places. Ameritrade is not as good as Datek. They use only ISLD before market. Trade that you see is before market at others different Exchange. Too bad for us
I thought was a good news. Price down?
Teecee or Anyone : How do they count the shares? If someone bot shares (which may be short sell by SHORT). What about the owner of the shares that his broker loaned to SHORT without his knowledges.
New buyer could vote + the original owner of shares could vote.
Then the total of shares would be more than 56 millions?
Mickey :From your link
InterDigital Communications, Corp. (Top)
Meeting Date: 6/4/03 Votes Notes
1. Elect Directors
For
2. Amend the Company's 2000 Stock Award and Incentive Plan to increase the amount of shares authorized
Against
We believe this option request of an additional 5,000,000 shares is too generous to Officers and Directors and too dilative to common stockholders. Currently, a total of 10,769,434 shares to be issued upon exercise of outstanding options, warrants and rights are already reserved for Directors and Employees. That is 19.1% of the 2002 year-end total shares outstanding (56.009 million shares). We believe management's request for an additional 5,000,000 shares borders on outright greed. This is an additional 8.9% potential dilution - too generous in our view.
3. Ratify independent accountants
For
Free member still could still join CLUB BOARD. Paid member may not be accepted to CLUB BOARD. It is per board owner approval as RB.
PS: Paid member "NO POP-UP" LOL
I like IHUB as it is right now with Private messages features.
Only ONE more feature that I wish IHUB consider is "PRIVATE CLUBBOARD". We could screen out bad apples.
I think you miss judge Jimlur. I believe on March 1995. IDCC lost to motorola. IDCC may foresee to have cash problem and may have offering option to existing shares holders to gain more cash. He did make a right call at that time to get option. He helped save the company for us all as far as I am concern.
It has nothing to do with present extra 5 millions shares offering to insiders (or ISO). JimLur will not gain anything from this voting events. He definitely has more to lose than me in dilution since he has more shares than me.
OT : I believe that 45 cents earning. Mostly from one time payment from ERICY settlements. It would not be repeated every quarter. Without one time payment, we may have a loss.
Nokia/Samsung is still Up in the air (how much is only educated guessing)
Good is institution holding is UP. I expected SHORT would be Up for the month of May 15,2003. That is good news. we should know next week.
Malko14: nice to hear from you again. It would be nice for PR to come out and state that. We would bounce back right away. IDCC's PR is too slow to react.
I am refinance again from 6.5% down to 4.875% FIXED (15 years) with no points. That what market rate as of now.
10Q is out EOM
OT: Can anyone who followed the action today give brief what was going on today? BTW: Add 500 $26.00
OT: This must be a reason Qcom down 49 cents before market to $30.35
IDCC probably pass Q in term of PPS soon. I hope we go Up to pass Q Not Q come down to meet us.
OT: Is this avg. human nature?
A friend just call. She sold IDCC $26.80 (her cost $26.75 after 3 years of holding) This is the ONLY one she is making money.
BTW she kept holding all the losers (most in 80-90% lose)
She would sell when it cover her cost. I doubt she could be able to sell into profit in the next 10 years to cover her loss. What a game plan!
To late for me to convince her to sell loser, keep the winner.
Another friend; Bot 20,000 shares yesterday $24.50
Up big in one day he sold off at $26.45 for $1.95 profit ($39,000 cash)
IMO : SHORT would be UP. Old short covered, New breed of short start to short it. They never learn. That is fine with me.
LOOP: I am not selling for a foreseeable future (may be taking my cost out after Nokia/Samsung) EOM
OT: Nieves. Your news service is faster than IDCC website. You post info. faster than IDCC itself.
I still remember what he said some time last year on RB. He said he wish stock would pull back for his sake so he could ADD some more. He got a nerve to say that. I remembered.
I bet it would be fun tomorrow. I am taking my leave tomorrow and ready.
OT: you are looking at wrong month.
PUTS : MAY22.5 BID/ASK 0.50 - 0.60
JUNE22.5 BID/ASK 1.55 - 1.70
Mickey: just see you post you are absolutely right.
May 16 (Third Friday of the month)
Previous month market close on 3rd Friday. Option has to close on Thursday (That only exception) EOM
When IDCC break $25. It would be double top Breakout.
(scroll to bottom) for point & Figure
http://stockcharts.com/gallery?IDCC
I was SELLING PUT long ago -15 MAY 22.5 (nice profit sofar) + 50 more JUNE, SEP.