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OOH! OOH! SAGGY'S SELLING! (as if anybody cares -- LMAO!)
I am hearing that a Mr. Russell, apparently a highly-respected expert at valuation modelling who is retained by investment professionals to assist analysis, has determined that IDCC is worth $35-40/share RIGHT NOW, and is rather furiously pounding the table telling his clients to buy all the IDCC they can. Also, there apparently are some who are saying that Nokia has agreed to fall in line with the ERICY settlement in re 2-2.5G royalties (coming out of a trade show last week).
Anybody else hearing things along these lines?
So far today, no 25,000-share type blocks -- just two 10,000-share blocks at $22.30/share.
If those 25,000-share (or similarly-sized) bombs continue to fly in the morning, we could touch $25/share later today.
If those 25,000-share (or similarly-sized) bombs continue to fly in the morning, we could touch $25/share later today.
Jim -- I'm showing $21.87 (eom)
and to wrap things up -- at the close, a 30,000 share block at 21.87/share (again above the ask)
Norfolk -- what the heck are you talking about?
3:37p est -- 25,000 share block #10 since noon est, at $21.59/share -- once again well above the ask
3:24p est -- 25,000 share block #9 since noon est, at $21.81/share (11 cents above the ask) -- the shorts must feel like they're in downtown Baghdad . . .
(COMTEX) B: Sony Ericsson Cuts 100 Jobs from Research Triangle Park, N.C.
RESEARCH TRIANGLE PARK, N.C., Mar 22, 2003 (The News & Observer - Knight
Ridder/Tribune Business News via COMTEX) -- Sony Ericsson cut 100 jobs at the
company's North American headquarters in Research Triangle Park this week as the
world's fifth-largest mobile-phone maker struggles to trim costs and post a
profit.
The reductions, about 14 percent of its local jobs, came Thursday across an
array of divisions and leave 640 workers in RTP, said Urban Gillstrom, president
of Sony Ericsson's U.S. operations.
Sony Ericsson, a venture formed in 2001 by the merger of Sony and Ericsson's
mobile-phone businesses, made the cuts and curbed other spending after it failed
to make money last year and ceded market share to rivals such as Nokia. The
company is striving to post its first profit this year by introducing new phones
with color screens, cameras and other features.
"Restructuring is going on right now," Gillstrom said. "It's based on the
underdevelopment of the business globally."
Other cuts were made in North America, but the majority came in RTP. The
London-based company now has about 720 workers in North America, down from 840,
and about 4,000 worldwide, said Al Ragland, vice president of human resources in
RTP.
Displaced workers in RTP, where employees primarily work in research,
development and administration, were offered severance based on service, and job
search assistance, Ragland said.
Sony Ericsson has had four quarterly losses amid waning demand for its products.
The venture now controls about 6.2 percent of the worldwide handset market,
lagging Nokia, Motorola, Samsung and Siemens. That's down from about 10 percent
when the combination was announced.
The company says it needs 7 percent to 10 percent of the market to show a profit
and is working toward that goal this year.
But analysts say that target will be tough to achieve.
"In this competitive environment, we think that will be challenging," said Peter
Friedland, an analyst with WR Hambrecht & Co. in San Francisco.
And failure to make money this year could prompt Sony and Ericsson to rethink
the venture, said James E. Faucette, who follows Ericsson for Pacific Crest
Securities in Portland.
Ericsson, the world's largest maker of mobile-phone networks, has been
struggling with its own business. It posted its seventh-straight quarterly loss
last month and predicted demand will fall for a third year. The Swedish company,
which employs about 250 in RTP, has pared its work force by 40,000 jobs
worldwide since 2001.
Gillstrom was recently named as president of Sony Ericsson's U.S. operations,
replacing Sandeep Chennakeshu, who left to become president of Ericsson's Mobile
Platforms division.
Gillstrom has been in RTP since the beginning of the year and will continue to
oversee North American sales and marketing. Chennakeshu will continue to work
closely with the venture in his new role, said Sony Ericsson spokeswoman Merran
Wrigley.
"In reality, there's not that much change to top management," Wrigley said,
adding that Sony Ericsson is "very firmly committed" to its U.S. operations.
By Jonathan B. Cox
To see more of The News & Observer, or to subscribe to the newspaper, go to
http://www.newsobserver.com.
(c) 2003, The News & Observer, Raleigh, N.C. Distributed by Knight
Ridder/Tribune Business News.
-0-
*** end of story ***
3:06p est -- 25,000 share block #8 since noon est, at $21.75/share
teecee -- nor will I -- so, how do ya like our 25k-at-a-time buyer today?
teecee -- recall that I volunteered to run the original contest started by JimLur -- you're probably correct in your karmic observation, but I was referring to the sheer hassle of keeping track of it . . .
OT: Norfolk -- you're gonna regret this (. . .)
2:16p est -- 25,000 @ $21.55/share -- seven of 'em since noon est
teecee -- shorts are still at it, getting in deeper and deeper -- ya think our buyer will drop a few more of those 25,000 share bombs on 'em today?
teecee -- just fine, boss, just fine -- LOL!
Another 25,000 share block at 2p est, at $21.96/share.
There have been five 25,000 share blocks since noon est -- all at or above $20.50/share -- last one just went through at $21.78/share, 7 cents above the ask.
am2saggy -- via my complete account records, of course
keep in mind, as I pointed out months ago, that the shareholders will have to approve an increase in authorized shares before there can be any split greater than 3:2 -- look for the proposal to increase authorized shares in the upcoming proxy
orientbull -- today is a perfect day for our buyers to accumulate -- if the market were up strongly today, they'd be paying even more
am2saggy -- your continued repetition of a defamatory lie is what bothers me -- why not send me a PM to let me know who supposedly told you this, so I can set that person straight? (or was it one of your imaginary friends who told you?)
in any event -- you are now once again on notice that your source, if indeed there is one (which I strongly doubt), was wrong and continues to be wrong (and yes, I can of course prove what I have said)
am2saggy -- yet again you publicly state this lie about me, a lie which you have long been on notice is a lie -- as I have informed you in the past, when you previously presented this blatant falsehood, I have never sold so much as a single share of IDCC (still holding 75,150 shares at an average cost right at $8.00/share), and I have never been subjected to a forced sale due to margin -- would you care to share with us your source for this load of codswallop, or did you just dream it up (given that I have never told anyone that I had sold any IDCC shares, or that I had been subjected to a forced sale due to margin, as to have said either would have been a lie on my part)??
TOS violation report to be duly submitted
teecee -- he gets cranky when his attempts to act the guru backfire (which of course means he is often cranky)
(ZACKS) ZACKS RESEARCH STORY FOR: InterDigital Communications Corporation
=== [IDCC] ZACKS RESEARCH STORY FOR: InterDigital Communications Corporation ===
(IDCC) InterDigital Communications Corporation CUSIP: 45866A105
King Of Prussia, PA TEL: 610-878-7800 FYE: 12 ZRANK: 3
==============================================================================
3/20 Price 52 W Low 52 W High YTD % Chg 10D % Chg 12M P/E FY1 P/E
20.15 6.32 20.15 38.39 44.34 n/a -100.8
==============================================================================
ESTIMATE CHANGES FOR THE QUARTER ENDING SEPTEMBER 2003
-----------------------------------------------------------------------------
Mar. 19 -- J.J.B. Hilliard, W.L. Lyons, Inc. lowered the estimated earnings
per share of InterDigital Communications Corporation for the
quarter ending September 2003 to 54 cents from 62 cents.
> ZACKS >> The Zacks consensus estimate, for the quarter ending September
2003 is 34 cents. The consensus drawn from estimates made over
the past 30 days is 54 cents.
ESTIMATE CHANGES FOR THE QUARTER ENDING DECEMBER 2003
-----------------------------------------------------------------------------
Mar. 19 -- J.J.B. Hilliard, W.L. Lyons, Inc. lowered the estimated earnings
per share of InterDigital Communications Corporation for the
quarter ending December 2003 to 61 cents from 67 cents.
> ZACKS >> The Zacks consensus estimate, for the quarter ending December 2003
is 38 cents. The consensus drawn from estimates made over the
past 30 days is 61 cents.
my3sons87 -- similar here; have been contacted by one deeply tied into significant institutional money, who agrees that it's "nuts" that IDCC is currently trading below $30/share (if not $45/share) (. . .)
OT: Be careful w/ emails:
(REUTERS) E-mail worm pretends to have spy satellite images
SAN FRANCISCO, March 20 (Reuters) - A new e-mail worm has
surfaced that purports to show screensavers of U.S. spy
satellite pictures of Iraq or animations that are either
patriotic or that mock President Bush, a computer security
company warned on Thursday.
The worm, dubbed Ganda-A, spreads by sending itself to
e-mail addresses on an infected machine and tries to disable
anti-virus and other security software and infect certain files
on the hard disk, according to Sophos.
Ganda, which does not appear to be spreading and is rated
low risk, sends e-mail in English or Swedish. It is signed by
"Uncle Roger in Hornsand, Sweden," who complains in a message
about being discriminated against in the Swedish school system,
Sophos said.
Subject lines include: "Spy pics," "GO USA!!!!," "G.W Bush
animation," and others like "Catlover," and "Disgusting
propaganda."
Ganda also sends a message in Swedish to e-mail addresses
apparently belonging to Swedish journalists, Sophos said.
After the Sept. 11 attacks, a worm circulated that tricked
computer users by pretending to contain images of the World
Trade Center attack.
((Reporting by Elinor Mills Abreu: editing by Michael Miller;
Reuters Messaging: elinor.abreu.reuters.com@reuters.net;
E-mail: elinor.abreu@reuters.com; +1 415 677 3919))
REUTERS
*** end of story ***
teecee -- your chances for that free car are looking better -- perhaps today's buyer(s) are taking advantage of tomorrow's options expiration to accumulate against the related downward pressure??
Dan -- just happened to see that one in the scrolling headlines, before the news alert even triggered (as I also did with the initial ERICY announcement re the settlement) (I do not sit and stare at the scrolling headlines; just occasionally glance . . .)
(BSNS WIRE) InterDigital Sets Date for 2003 Annual Meeting of Shareholders
Business Editors/High-Tech Writers
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--March 20,
2003--InterDigital Communications Corporation (Nasdaq:IDCC), a leading
architect, designer and provider of wireless technology and product
platforms, announced today that its Board of Directors set the date
for the Company's 2003 Annual Meeting of Shareholders.
The meeting will be held on Wednesday, June 4, 2003 at 2:00 p.m.
Eastern Daylight Time at the Marriott Philadelphia West in West
Conshohocken, Pennsylvania.
Shareholders of record of InterDigital's common stock at the close
of business on April 21, 2003 are entitled to notice of and to vote at
the meeting.
About InterDigital
InterDigital architects, designs and provides advanced wireless
technologies and products that drive voice and data communications.
The Company offers technology and product solutions for mainstream
wireless applications that deliver cost and time-to-market advantages
for its customers. InterDigital has a strong portfolio of patented
technologies covering 2G, 2.5G and 3G standards, which it licenses
worldwide. For more information, please visit InterDigital's web site:
www.interdigital.com.
InterDigital is a registered trademark of InterDigital
Communications Corporation.
--30--RM/ph*
CONTACT: InterDigital Communications Corporation
Media Contact:
Dawn Goldstein, 610/878-7800
e-mail: dawn.goldstein@interdigital.com
or
Investor Contact:
Janet Point, 610/878-7800
e-mail: janet.point@interdigital.com
SOURCE: InterDigital Communications Corporation
*** end of story ***
whizzer -- simply allow a continuingly independent IDCC to continue to execute on its current business plan, and nobody (not Harry, and not even you) will need for IDCC to be bought out in order to be able to "cash in" appreciated shares and realize gains greater than will ever be realized via a buyout that occurs before a continuingly independent IDCC has had the chance to substantially complete executing its current business plan
speaking generally, this obsession of some here with the notion of IDCC being bought out (at any time within the next couple of years) -- as if that could ever be the best thing for current IDCC longs -- is most definitely an "idiot" thing, and not a "genius" thing, and brings to mind nothing so much as the blissfully ignorant moth circling in to its death in the candle's flame
think about it -- why would a bidder bid? why, to realize excess returns, over and above the buyout price, of course -- and who would be giving up those excess returns? why, the current IDCC longs (including Harry, and even you), of course
what the hell is so hard for some here to understand about this??
habu -- copyright issues; yes (eom)
Ken -- hey, cool, whatever polishes your club -- IDCC has a real chance (disregarding splits, of course) to reach your $350/share price within the next several years, but ONLY if it remains independent -- put another way, any thought that we could get $350/share via a buyout anytime soon (i.e., before we're trading at at least $250/share) is indeed delusional, but having an ultimate $350/share price target for an independent IDCC is not (optimistic, sure; but patently beyond the realm of reasonable possibility, no)
Maddog -- unless and until IDCC trades MUCH higher than where it is trading presently, we wouldn't get even close to $50/share in a buyout (let alone Ken's delusional $350/share)
dan -- time to watch television NOW (eom)
OT: Windows Update time again! -- a brand new "critical update" awaits . . .
JimLur -- well, strictly speaking, they were accurate -- all they said was 'Kurdish sources confirm', which no doubt those sources were doing (. . .)