Loving life
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DD .. What I have a hard time believing is that the CEO's of all these financial companies with such great vision to have been appointed to these positions, couldn't see it coming.
I think they did see it coming and the "cover-up" was the biggest crime of all. WS and the politicians could have contained the crisis a year ago but that would mean they would have to take some short term pain. They gambled (with our money) that everything would work itself out. They kept doubling down to boot and now that the cat has come ROARING out of the as a full fledged tiger, they are left with nothing but solutions conceived in a panic which is never a good thing and almost certainly doomed to failure.
I misspoke in saying those asking for less regulation were hurt the "most" but make no mistake about it, on a relative basis, they are hurting a plenty and that is a VERY good thing.
MO,
Danny
OT Jim .. I have a hard time realizing how our elected officials who have control over watchdog groups such as the SEC could let this happen?
There are two groups who have ALWAYS had the biggest and easiest opportunities to steal 24/7: WS and Politicians. Their definition of doing something wrong is getting caught. Ergo, the key is to catch them early before they do major damage.
I just read this in an article of Madoff, "Meanwhile, it was revealed yesterday that Madoff's investment business hasn't been inspected by the Securities and Exchange Commission since he registered with the agency in September 2006, according to Bloomberg News. Generally, the SEC scrutinizes a newly registered firm's books in the first year and then checks them at least every five years."
The only source of comfort and hope is that this time some of those organizations and individuals that screamed the loudest for reduced regulation have been hurt the worst financially. Whatever one thinks of Obama, we had all better hope that he makes it very clear from the get go that he is bringing a new sheriff to town with him to replace the one who's office has been empty for several years. Perhaps this mess will result in the sheriff being welcomed with open arms and applause.
MO,
Danny
Loop .. Quit your day job this minute and start going on the stand-up comedy circuit. Just don't forget your friends here and at AB's when you make it to the top. After all, we have provided you with more material than you will ever need.
I can't stop laughing ....
Danny
Jim .. Very professional report, particularly since he quantifies what it could mean to the stock price under more positive rate scenarios than the ones he has assumed. Likewise with his p/e assumptions. Also, gives a good insight into how institutions might be evaluating IDCC which could explain why the stock is yet to take-off the way some of us think it should.
If you don't agree with his assumptions it is quite easy to project your own target price based on the several more rosier outcomes he acknowledges are possible. It doesn't get any better than that.
MO,
Danny
Count and goblue .. Good posts and right on the money (pun intended lol).
MO,
Danny
Mickey .. I got six responses to this post. Five understood that I was in NO way suggesting that institutional investors are right about IDCC and those on this board are wrong. I stated EXACTLY the opposite. The reality is, however, that our views on what IDCC is worth will not come to fruition until the institutional investors share the same because they hold the most votes (i.e. shares) by far.
Only you misinterpreted what I posted. You have a VERY firm grasp and conviction regarding your views. Unfortunately, it STILL gets in the way of listening to and evaluating what others have to say just as it did back in the Raging Bull days. You blew everyone off (myself included) who dared to suggest that maybe your views about IDCC expressed on Raging Bull were unrealistically optimistic.
The folks on this board who go all the way back to the Raging Bull days, as well as those who have joined in since we came to IHUB or for whatever reasons have gravitated to Atomic Bob's, produce quality DD on IDCC that is FAR superior to the unsubstantiated hype that was the order of the day back in the pre-IHUB days. You just might benefit financially by keeping your views to yourself and listening carefully to those expressed on this board and on AB's.
No matter how I might feel about you as an investor, I couldn't be more sorry about the troubles with which you are dealing in your personal life. My brother died before my parents did and they were never the same because of it.
Take care,
Danny
To All .. Viva La Differance! Stop dumping on the Street for not recognizing what you do about IDCC. It is that very difference that is going to put BIG money in your pockets if you are right. The ONLY way that individual investors can outperform institutional investors is to identify stocks with significant potential long before the institutions do and to stick to their guns in the interim.
Have patience and confidence in your DD and wait for the institutions to catch up no matter how long that may take because at the end of the day they WILL see it the way you do.
MO,
Danny
badgerkid .. Terrific, dead on the money post! Every once in a while we need to be reminded that IDCC is just one tree in a forest of thousands. IDCC may be a very healthy one but it is not the ONLY healthy one.
Take care,
Danny
Count .. How many of the folks that attend the conference do you think will walk out with any doubt whatsoever that IDCC has a done deal with SAM?
I agree with you .. it blows away the "substantial progress" comment re: NOK. Moreover, if IDCC at some point announces a deal with NOK you can take it to the bank that it is a 99.9% done deal after the spin NOK put on "substantial progress."
MO,
Danny
gattica ... Great minds think alike .. mine just works a lot slower.
Danny
Anyone?? .. Could it possibly be that the 45 day period to sign the agreement is nothing more than to give SAM the choice of either paying in this calendar year or next? I don't recall seeing anything that gave the rationale for 45 days rather than some other time period and 45 days does give SAM just a very short time to sign in the new year. I'm sure Olddog will pull up some ITC requirement that agreed upon stays must be of 45 days in length LOL.
MO,
Danny
enyaw .. Quite possibly a posting of a trade that took place during the regular session that, for whatever reason, didn't show as a print.
MO,
Danny
To All .. " A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty." Winston Churchill
I wonder what Winston would have to say to the eternal pessimists on this board? Even better, how complimentary would he be to WM and the other optimists on the IDCC management team. Where would IDCC and we as shareholders be without their ability to see opportunity in every difficulty?
MO,
Danny
Count ... She said at this time there is no plan to make any financial disclosures until the contract is signed.
Sounds like they learned their lesson from the "substantial progress"comment re: NOK settlement. Fool me once, shame on you. Fool me twice, shame on me.
Have a great Thanksgiving.
MO,
Danny
Loop .. BINGO .. IMO, the odds of the guidance moving the PPS significantly are quite high, particularly since it should give the analysts some transparency as to potential recurring revenues from those companies as yet unsigned.
MO,
Danny
M3S .. GREAT post! If this management team hasn't finally proven themselves under prolonged heavy fire from several directions at the same time, I can't imagine what it will take to do so. I thought that this event would AT LEAST put to rest the insider trading comments once and for all. Silly me.
MO,
Danny
Jim .. I have the IHUB address bookmarked ..I was looking for extended trading but someone else sent it to me. Anyway, once again for you and you alone CONGRATULATIONS!!
Take care,
Brad
Jimlur .. How about you get Matt to rename this the IHUB Mensa Board! CONGRATULATIONS to everyone who hung in through thick and thin. And all: Let's give it up for IDCC management and especially WM the best kind of CEO: small ego and big balls. He had the guts to wait until he saw the whites of their eyes before he fired.
PS .. We are on our way to Denver for Thanksgiving and I don't have the link to AH on my laptop. Could you please send it to me? TIA.
HAPPY THANKSGIVING TO ALL.
Danny
dmiller ... http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33770654
MO,
Danny
bulldzr .. Can you say the same about Harry?
Strictly based on gut feel, no. Quite the opposite in fact. Further, and I have no factual basis for this, I believe that Harry booted Goldberg and hand picked WM to take his place. Concurrent with doing so Harry unequivocally passed the torch to WM either at BOD insistence or with their enthusiastic concurrence.
ALL IMHO
Danny
DD .. For the life of me, I can't see how both parties haven't settled this thing yet.
We can only hope that WM, et al have a VERY firm grasp of the risk rewards associated with turning down a previous settlement offer(s) as alluded to in the last CC. I agree that the potential adverse effect on IDCC of a loss, albeit unlikely, is considerable. Therefore, it seems logical that WM (unless he is truly incompetent) must have concluded that the future rewards to the company extend to WELL beyond SAM and NOK in terms of importance and accordingly justify the risks, however small. (Just a personal opinion, but WM does not strike me as the kind of CEO that would make such a huge bet as a result of the size of his ego. I'm sure Loop and the other attorneys can give many examples of where ego has gotten in the way of a case that any rationale man would have settled.)
Anyway, WM appears to be willing to put his Idiot or Genius classification up for grabs on 11/25 along with the rest of us.
Have a great Thanksgiving.
MO,
Danny
bulldzr .. Don't give up on that just yet. The GLOBAL economy is in the tank big time. For many companies it is dead easy for the analysts to project the downside effect thereof going forward and to target the stock prices accordingly. Could it possibly be that what has infuriated many of us .. a lack of correlation of IDCC's stock price relative to its future business potential as we see it .. might end up being a VERY significant boost to the stock price of a favorable decision?
Other companies have to deal with their current stock prices that have factored in an economy that was projected to be substantially better than what is clearly about to unfold. Little of the IDCC's current stock price is derived from projections of future success IMO. Ergo, the numbers will look good in terms of projected stock price no matter how low the economy goes.
MO,
Danny
bulldzr .. Just an opinion but my guess is that the institutions are looking at the long term impact and breadth of this decision and that is where they will put their (actually their client's) money or not. Again, just a guess, nothing more.
MO,
Danny
bulldzr .. I'm thinking scenario #2 offers the greatest short term upside for the stock. Validation by a positive ALJ decision trumps a settlement in terms of breadth of impact in the long run.
MO,
Danny
Loop .. Listen to Magilla who I believe knows more about the big picture than any of us.
+1000 'nuff said.
Happy trails.
MO,
Danny
dclarke .. In my opinion Ronnie is just a bean counter not a manager of business, there is a big difference as we have seen.
Ronnie is a top notch bean counter as are Desert Dweller and The Count. What they, and many here miss, as you have accurately pointed out, is that their particular expertise in NO way makes them business managers or even qualifies them to accurately critique those who are. I would say the same for some of our "technical experts" who exhibit similar management wannabee views.
You could drive several Mack Trucks side-by-side through the gap of importance to a company's success between bean counters, technology experts and business managers as you clearly understand. In contrast, we have exceptional legal expertise on this board who time and again have provided uniquely valuable analysis of the legal issues at hand. The number of times they have expressed a judgement as to the validity of management's legal strategy can be counted on the fingers of one hand. They should all be commended for that and I wish everyone else on this board would follow their example.
MO,
Danny
Jim .. Spot on comment .. Institutions are going to cash so they can start with a clean sheet of paper to rebuild their portfolios. Whether IDCC will be a benefactor of that total restructuring remains to be seen but it sure does have a lot of attractive fundamentals relative to many other stocks that have dropped precipitously.
Have a good weekend.
Danny
pochemunyet .. No, I don't think anyone here is greedy about IDCC. Actually I think most on this board are dead right about the TRUE valuation of the company and have been for some time. Unfortunately, WS is no longer about investing based on fundamentals, either current or prospective. It is all about trading and derivatives now, which makes it all but impossible for a solid company in a dynamic market to avoid being obscured by all of the noise produced by computer driven trading. THAT is what has brought us to the brink of financial disaster.
MO,
Danny
bulldzr .. This is a time when you need to focus EXCLUSIVELY on your own financial situation and completely ignore Washington and WS and do your best to protect whatever you have left. Trust me, WS and Washington knew this was a possibility/probability over a year ago and they bet OUR farm hoping it wouldn't happen in hopes of saving their own butts. They are all self-centered, self-absorbed SOBs. Their opportunity to save us all this pain has long since passed. Listening to their (both political parties & WS) BS is a waste of time. It's time to circle the wagons.
MO,
Danny
Jim .. not the markets in general
I have never understood why discussing the markets in general is OT. To do DD on IDCC without a concurrent DD on the markets is like doing so with one's eyes closed with hands cupped firmly over both ears. Makes no sense to me whatsoever.
I've wanted to post some stuff about the markets/economy over the past couple of weeks but it would have been a waste of time because the posts would have been deleted as "OT."
MO,
Danny
To All .. A couple of weeks ago I got a HTC 6800 Smartphone through US Cellular and I have been blown away with it. It has EVERYTHING I have on my laptop: contacts, calendar, e-mail, tunes, photos, quality web browsing in terms of speed, appearance and readability, Windows Office and Wi-Fi. The phone service is excellent and I love the slideout keyboard. AND I can easily sync it with my iMac G5 desktop.
I'm sure that there are many on this board who have smartphones but for those of you that don't a few days of use will have you VERY excited about the business opportunities that IDCC will be a considerable beneficiary of in the near future.
MO,
Danny
Jimlur .. I'm going to be looking for a new site unless some sanity comes back here the way it used to be.
The closest we ever came to sanity is when you had complete control on the RB Club Board. Why IHUB passes up the opportunity for you to do the same here is beyond me. It really is incredibly simple .. just give you and Nieves free rein to run this thread whatever way you see fit and it will be the best investment thread on IHUB and the internet hands down.
MO,
Danny
M6 .. Good advice .. will do.
MO,
Danny
Ronny .. Seriously, get over yourself LOL. Why don't you and Data and Desert Dweller just continue your (YUCK) mutual admiration society and pity party .. "it is SOOO unfair how no one understands what truly wonderful, unselfish humanitarians we are" .. off-board.
MO,
Danny
bulldzr .. What is particularly troubling to me is that many so called loyal "IDCC longs" here cannot at least understand this point of view without dissing those who hold it out of hand.
Well said and 'nuff said.
MO,
Danny
DD .. You can also be certain that he will take into account the information that Olddog provided and will consider it to possibly update his guidance.
Did I miss some change in FD? I was under the impression that only companies provide "guidance", hopefully without spin. On the other hand, Ronny's projections and opinions have ALWAYS had a significant and quite obvious amount of spin. First it was blatantly positive when he had bet the farm on IDCC, then decidedly negative when he became a shareholder activist, followed by his disappearance after selling out unannounced when his efforts met with limited (if any) success and now he is back with negative spin again. Why is that? I don't have a clue but for me his posts have long become irrelevant as a result.
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Danny
Dave .. I'm sure Harry would think it is a fantastic idea. After all, look how well Nokia held up their end of the previous development partnership with IDCC. Such loyalty deserves to be rewarded.
MO,
Danny
DD .. The often repeated statement that at some point there will be only 10 individual investors in IDCC has always been idiotic. Why anyone would actually think that ANY public company would ever have only 10 individuals owning it unless it was a penny stock is ridiculous.
hyperbole hy.per.bo.le noun
exaggerated statements or claims not meant to be taken literally
Loop .. Excellent post. The only thing I would add is that the street (that is, the institutional brokerage and money management segment) has very different parameters of valuation/interest that pretty much follow the maturity of a stock from story stock/small-cap to core holding/large-cap and all the steps in between. The number of covering analysts increases pretty much in line with that progression.
MO,
Danny
bulldz .. But talking about $2M/Qtr here with the inference that it is a low rate certainly can't be of any help, even if it is wrong.
And your point is LOL? That's what you get for not wearing your helmet in practice. Your permanently concussive state has led you to believe that anyone here who is invested in IDCC might actually be concerned about what is not of help to other investors. Of course, if you are no longer invested in IDCC and chagrined about it after being the biggest hyper of the stock since Mickey Britt, or threw what you had away with "brilliant" option strategies that were laughingly amateurish, that just might be a different story ...
MO,
Danny