Bluesky correcting your inaccuracies is becoming a waste of my time. You said that according to the proxy, IDCC granted 82% of its options to the non-managerial employees in 2002. I clearly showed you where IDCC’s option grants to managers and directors amounted to 27% according to the proxy. So how can 82% of the option grants go to the non-managerial employees as you claim, when 27% went to managers and directors? Why don’t you get your facts straight before you report them as “facts”? Then you said in this referenced post that:
…”Total royalties went from less than $10M in 1999 to $88M in 2002.”
In 1999, IDCC recorded 31.5m paid-up royalties from Nokia, an $8m royalty advance from Robert Bosch, a $3.4m royalty advance from Japan Radio and Shintom, and recurring royalties of $9.5m. This was before royalty advances were deferred. These royalty amounts add up to much more than $10M according to my calculations. Have you invented some type of new math that I am unaware of?
Also you chart showing the outstanding shares over several years, which you have posted several times, has an error. The year where you show a significant increase to $57m and then a couple of years of decreases is plain wrong. You look it up, because I am tired of correcting your errors.
Finally you go on and on about IDCC’s superior stock price performance over 2001 and 2002. Well IDCC’s stock price freefell from $82 at the beginning of 2000 to about $5 at the end of 2000. This makes for a very low comparison base for the following two years. IDCC still operated at a Net Loss for 2001 and 2002. This is not a superior operating performance by my definition.
