InterDigital Inc (IDCC)

[Corp_Buyer]

Joel- "whether proposal 2 passes or is defeated will in no way affect my current holdings" - you are not correct in this statement/thinking since dilution affects the value of your holdings directly.

Your holdings already are worth about 50% LESS than they would be without the dilution from the 2000 Plan and other instruments currently outstanding.

If measure 2 passes, all our holdings will be worth ANOTHER 10% less. That is the effect of dilution, similar to the Fed printing more money and causing inflation and thereby dilution of your wealth. Since we all expect the share price to appreciate, we should recognize the effect of fully diluted shares outstanding on our investment wealth.

Incidentally, we were at Univ. Penna about the same time. I earned my MBA at Wharton.

I do hope you consider the dilution issue as seriously as many shareholders do. It is a REAL and LARGE cost to all investors in IDCC.

If you want to minimize dilution and maximize the value of your holdings in IDCC, the appropriate vote is "NO" on measure #2, IMO.

Best Regards,
Corp_Buyer