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Thanks All for the legal insight. EOM
-vg_future
You mean to say Harry Campagna? EOM
JimLur, Thanks. EOM
Jim- Thanks for the report. EOM
Eneerg, I would love to see them cough it out. When does NOK realize that they shouldn't be sleeping with SAM? Anyway, common enemies make strange bed partners.
-vg_future
Learning2vest, yes, I understand that they are in discussions and may be are just waiting on something. The main issue is that when they pile up huge amounts, they get a feeling that they are parting with their riches when it is time to pay all the past dues and they try to take chunks out of it (the same way NOK is trying to do). Well anyway, 3G is not out there completely yet, so, let's hope things get resolved before then.
-vg_future
Learning2vest, with IDCC's current position in the TDMA/GSM/EDGE and the stand that it is taking, it is better to let millions in and eventually these millions will turn into Billions, anyway. One of the main things is the time factor. As the time passes by the intensity tends to weaken and we might miss a chance to be a big player in 3G (I am sure 3G position will not be compromised...but, just scared to miss out on that).
Thanks for your insight.
Long and Strong!
-vg_future
Eneerg, Samsung needs to pay us our fair share. Does Fortune 500 tell how Samsung got so fortunate or who they stepped on to reach there? I guess it is just the way business is done, nothing personal. They try to squeeze out every bit of whatever they can. I really wish IDCC shows them what fairness is.
-vg_future
MacTrader, Good to know that NOK is cash rich unlike ERICY...so, let's get our share from that $15 bil.
GoodLuck All!
-vg_future
Learning2vest, Yep, seems like IDCC is firm on its resolve to go all the way tis time and I hope it comes out with REAL big smile from the arbitration and the arbitration serves as a cautionary note for all these tycoons.
-vg_future
Learning2vest, Since SNE reported their results, atleast those royalty numbers must be ready. I don't when they will sending those to KOP, though. But, overall this quarter looks like a good one (hoping that NEC also good numbers).
Good to see SNE increasing the market share. But, at the same time, NOK going down puts a kind of fear in my mind. I hope we don't settle with NOK for less because of their financial condition.
Good Luck all!
-vg_future
intime, okay. Sorry, I thought you said he might have purchased...he might be planning to purchase. That makes sense.
-vg_future
intime, Wouldn't that require a SEC filing. To the best of my knowledge, options exercised should be reported and they once exercised they become shares holding. Was there a SEC filing to that effect? If I missed any message referring to that, please direct me. TIA
-vg_future
amrwonderful-It will happen one day EOM
amrwonderful - Yes. I know. I was just mentioning/whining about street's perception of IDCC.
-vg_future
amrwonderful - Yep, these swings are short term, but , the problem is that we are in a really extended short term mode. And occasional insider activity is exactly what these traders look for to begin their manipulation.
It is not that we haven't signed anyone. We are not getting credit for even what we've signed. I don't know what the street needs (other than NOK, Samsung and the cabal) from IDCC to start believing. Just waiting for our day........
-vg_future
Insiders selling was discussed many times...so, probably moot at this point...but, I will mention it anyway. IMHO, the option players wouldn't have dream't about pinning the stock to 17.50 10 days back when we were at 19 if not for the insiders' selling. I know that everyone needs to diversify their holdings and even executives are like any other investors, but, I wish IDCC had done something to avoid this killer of the whatever little rally we had.
Do we ever stop wishing???!!!!!!!! I guess we are becoming more demanding these days.
-vg_future
rmarchma-Thanks for the clarification. I thought it would have been perceived differently by the public. I guess I am wrong.
It is like the company saying we didn't have money when we gave you the options/RSUs (in lieu of cash), but, now, we have money...so, please redeem your options. Well, so much for dreams and unpractical thinking.
I hope the street forgets these minor sales and we get back the momentum that we deserve.
Goodluck all.
-vg_future
Learning2vest- good points. I hope WS sees it that way. EOM
-vg_future
rmarchma- Quick question. Can the company buy back the shares from the management? Had it done that way, it would have been petty change for the company to buy back 50000 or so shares (Merritt's 20000, Tilden's 20000, Shay's 9000,...) and it would have been in line with the buy back spirit (this 50000+ shares in addition to the 1 million shares).
TIA.
-vg_future
DesertDweller- Very good points. It will take sometime before everyone could digest the reality..till then the whining would continue, I guess. Regarding buyback, I agree that we would have taken a bigger hit had there not been a buyback. But, again what good does it do if you have the company's management as the party pooper (excuse my language) in the party organized by the company itself. So, this internal bleeding, however insignificant, has to stop for a little while till we get the respect that we think we deserve.
Goodluck All!
-vg_future
amrwonderful, you are right. They cashed when they can and they have no need to think about short term (hopefully?) fluctuations. But, last year after the NOK debacle, I remember something to the effect of "management not going to sell so as to build investor confidence" and the recent limited sales (that too by 10b-5) by Campagna and Goldberg re-iterated that stand. I wonder where that confidence is currently hiding. Even though NOK is the biggest dampener, there are other things that are helping the manipulators. Sanyo effect and whatever boost it has given is all wiped out with few sales.
Loophole just mentioned short term option players. But, with this company a 2 year leap can become a short term option.
Goodluck All!
-vg_future
tfwg, amrwonderful, that's the sad thing...seems like they don't care. Whoever is comparing price with IDCC should know they are lot of other parameters to consider (like sector, potential, peer performance...also total percentage over a period not just a day and let's not start the clock from oct,2002).
Volume doesn't tell me that the shareholders are actually causing the selling pressure. It seems like "short" effort and they always know who depend on when they short IDCC. I know that it might not help to cry the guts out here....I am hoping that IDCC may have their ears and eyes here on this board.
-vg_future
Buybacks won't help unless IDCC is successful in stopping internal bleeding. People might come up with many articles quoting how insider trading is supposed to be insignificant, but the fact is that unless IDCC gets into the bigger leagues even the sale of a mere 5000 shares (when it is not in 10b-5) is good enough to kill whatever run-up it is having. Why don't these guys realize that they are hurting the stock and aiding (most probably unintentionally) the option players.
Just praying to stop the preying.
-vg_future
DesertDweller- I spoke to Janet Point today and she told me that the repurchase program is managed by some other department at the company and these individuals (Merritt, Tilden, Shay and co.) are not privy to the information about when the actual repurchase takes place. She also said that there is a window open for them to trade now. She also said that Merritt's sale is not pre-planned (you've already confirmed that this morning). I don't whether Tilden's and Shay's sales are pre-planned or not. Probably not...bcoz company issued a statement regrading Campagna's and Goldberg's sales. It would have done the same if these were also pre-planned.
-vg_future
sonetirot-I was considering more of a redemption type of purchase by the company (options redeemed back to the company) not necessarily something that needs to be reported as a sale by the individual to the company (it could be like a cash compensation). Company need not keep the investors in the dark...it could just say that "for the following reasons like...company's confidence in the stock, to avoid unnecessary misconceptions about insider sales, or now that we have enough cash flow...the company is buying back some of the options that it has given to its management".
I guess that is too much to ask for...probably no company would do that. It is pretty cheap and builds investor's confidence.
-vg_future
rmarchma-Is there any rule against the company buying back the shares or options from the executives and give them cash instead to avoid unnecessary insider sells like these. They need not do this for all the options, but, only for a brief period, like this, till we catch licensing momentum. That way, IDCC could have gotten away with a mere $250K of expense instead of $33 million or so drop in the stock price.
TIA.
-vg_future
Something's up??? We are going green. VERY GLAD to see that.
GoodLuck all.
-vg_future
Merritt's sale in time to stink up July options and I guess option palyers will be able to pin it to 17.50 yet again. Seriously disturbing.
-vg_future
rmarchma-Thanks for the response. I really appreciate it. EOM
-vg_future
rmarchma-Thanks for the clarification. Is there a limit on total number of exercisable options+shares that an individual like Merritt can hold at IDCC? If so, I would imagine that he sold because he might be getting more to replace them. TIA
-vg_future
JimLur, Shouldn't we trade above 19 just on the existing licensing revenue. I understand that Bill's sale might be hinting status of the upcoming deals, but shouldn't we be trading over 19 with just whatever we have. This future potential is the one that is killing us everytime...either it is potential NOKIA, Samsung or any other licensing deal. Probably, we would have done lot better without this so called potential future...but, again not having anything in future might drive away potential investors.
Long and Strong!
-vg_future
amrwonderful, mschere didn't say that it is a head fake, I was hoping that it is head fake...as you said wildest imagination
-vg_future
mschere- I hope it is a trap for shorts. Is there a limit on hopes..I hope I don't run out of them.
-vg_future
All, I left a message for Janet Point regarding this sale. Whether it is covered under 10b5 (right terminology???) or not and also how is this sale covered under management guidance rules if the company is currently buying back shares.
I will update the board when she returns my call.
It really hurts when we barely manage to crawl up to a level and then see all being washed away on a single day that too under very negligible volume. We really need some publicity campaign to create some interest.
-vg_future
What we need is not a $10 jump (not that I don't want it) but a simple decent interest in the stock that would scare away manipulators. IDCC needs to win, atleast partially, street confidence.
-vg_future
All, even if there is confusion as to the actual amount, will it be possible for the analysts to say this is the bottomline (say 1.5 or 2 mil) per each quarter? I am thinking that they can do that. Correct me if I am wrong.
-vg_future
Is it customary for the covering firm (PJ) to give a clarification regarding the coverage confusion/misunderstanding. I know that IDCC cannot or doesn't make a comment on these kind of happenings. But, I was hoping that PJ can put out a clarification (to do some justice IDCC) regarding the rating change. I hope they are not scooping up during this slow bleeding.
-vg_future
olddog967, IDCC is known for its conservative approach. But, the problem here is that due to factors out of their control, they might fail to surprise the street sometimes. That's when we take the beating. How many analysts will be ready to go out on a limb when NOK's issue killed us twice in one year. The last analyst report (I forgot the name of the analyst) is the only one that I saw that factored out NOK and still gave us a nice target of over $25 and the street still seems hesitant to jump on the opportunity.
Looking for our day under the sun.
Long and Strong!
-vg_future
jai, Thanks. You are right, if they can get street's confidence by projecting solid revenue model with respect to 2g and 3g without NOK or Samsung in the picture, that should do the trick. We should do pretty decent with NEC, Sharp and Ericcson.
Let's see.
Long and Strong!
-vg_future