For most stock traders IDCC is a non-event. Traders create momentum and volume, but I doubt many of them understand this issue and most will be leery about shorting or going long. Friday's preliminary ITC decision announcement after hours caused an immediate share price drop to $35, eventually closing AH session at 37.06 on about 145,000 shares or 1/3 of the issue's normal daily volume. Long and shorts are equally uncomfortable right now because of this litigation and the fact the final outcome is far from being determined as there is much more to be played out, taking several more months-maybe years. I think Friday's AH action was a well planned attack on IDCC's shares as the share price movement commenced before the official news release of the ALJ's initial decision, which means some players had a heads up on the ruling. Those who hold short or long positions are merely leaves in the wind with this stock, the complexity relevant to the company's basis of valuation, possible target of acquisition, litigations, potential key alliances, value of their patent library, etcetera, etcetera make IDCC a challenge for all. Time will tell the final outcome, the only thing we know for sure about Friday's decision is that it is not material to IDCC's current earnings and therefore impossible to quantify one way or the other.