InterDigital Inc (IDCC)

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Loop, it's good to keep in mind that Merrill Lynch manages billions of dollars of investments so they are not adverse to spending what it takes to get reliable information. Their recent finding that IDCC only has a tiny amount of essential IPR is consistent with what I have learned from communications with others in the industry. It doesn't surprise me one bit.

As far as IDCC correcting the published "erroneous information", that's ridiculous. All IDCC has ever said is they believe they have essential IPR in all 3G standards. That's a lot different from stating it as a fact and exaggerating the amount as so many here like to do.

When all the dust settles I think many will be surprised just how little IDCC really has. Of course most will prefer to characterize it as a travesty of justice rather than admit that they were wrong about IDCC. That's what investors did when IDCC lost the Motorolla case in 1995 even though the verdict was essentially upheld through all possible legal appeals and multiple judges, etc.

Successful investors do not keep repeating the same mistakes over and over.

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