InterDigital Inc (IDCC)

[frobinso]

Conference call was very impressively orchestrated by all. In the past I have made a couple off-hand remarks questioning Fagan's abilities and I will say that I felt he was well prepared, polished, and executed extremely well, based upon reading the transcript. UB also was very confident yet not arrogant at all.

I am soooo glad to hear UB speak so much about shareholder value, and at this stage of hitting our market I am completely happy with a stock repurchase, as there are still some uncertainties ahead - why place yourself in the expectation of providing an ongoing annuity (implied from the day you declare one that it should henceforth be a perpetual stream.

Wait until you KNOW you can support that. The shareholder buyback is an event that can still be controlled based upon performance that is still forward-looking. It's the right move for our current position - as it is an anti-dilutive gesture that, taken with his shareholder value message, I really appreciate.

I like that we're moving from a toll station to a technology enabler, with tangible value adds, products, and chips, to help drive a licensing program for the underlying IPR that we developed and gained acceptance for, in full witness and competition among peers in the standards bodies.

It was the best I have heard and I feel more confidence in both the CEO and the CFO. Great Job!