InterDigital Inc (IDCC)

[blueskywaves]

You're a waste of time, Ronny. You take numbers and deliberately take them out of context.

I'm not going to waste my time with somebody who would rather compute the last decimal point of PI than put the numbers in useful perspective grounded in reality. In this case, you don't even have the friggin' courtesy to relate those executive compensation numbers with the obvious:

1) the fundamental changes in the business measured by the increase in total royalties. Total royalties went from less than $10M in 1999 to $88M in 2002. Recurring royalties went from less than $1M in 1998 to $17M in the most recent quarter.

2) IDCC's superior stock returns during the last 2 years - 79% in 2001 and 50% in 2002 -- while total royalties were on the rise. I consider 1999 and 2000 stock performance numbers the equivalent of statistical outliers due to the bubble.

Now, exactly what is your problem with payment for performance compensation systems?

You can't argue that IDCC's executive compensation packages are excessive because IDCC has outperformed 99% of the total market for the last two years, but doesn't even have compensation packages that exceed 60%-70% of the market.

Use some common sense.

It won't hurt.