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Re: Danny Detail post# 25645

Thursday, 05/15/2003 12:47:49 AM

Thursday, May 15, 2003 12:47:49 AM

Post# of 432730
Danny_Detail

Frank .. RE:"To anyone whose interested in selling me options on a similar basis to what IDCC grants, let me know. Give me a strike price, cost per option and expiration date because I believe those options are worth a lot. Show up the CPA and take his cash! I AM serious."

Before I would do that I would want to know what you are going to do to build shareholder value and, in particular, to build institutional demand for the stock so that the stock I own will rise as quickly and as far as possible.

EXACTLY, before giving management more options I want to know what they are going to do build shareholder value.

The point I was making with my very real offer is that there is very significant value related to option grants, and I'm willing to put my money where my mouth is. There needs to be a great deal of wealth built by the company due to the use of the additional options for the options to have a positive effect on share price. How can one value how management will improve the market cap when they won't give any indication of why the additional options are needed now?

I believe IDCC's share price will be significantly higher in two years regardless of this proxy and how many options that are issued to management. I just happen to believe that the share price will be higher if they don't get the extra 5MM shares for options than if they do.
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