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Re: revlis post# 28358

Monday, 05/26/2003 4:26:26 PM

Monday, May 26, 2003 4:26:26 PM

Post# of 435843
Revlis re trusting management, you asked as have several others:

...."it seems to me that the option vote comes down to one issue and that is trust. And if you do not trust management, why are you invested in IDCC?"

I don't actually distrust IDCC's top management, but I don't actually trust them either. I do think that they have done some things that are definitely in their own best interests, and not necessarily in the best interests of the outside shareholders though. An excerpt from a recent reply of mine best answers my reasons for remaining invested in IDCC as follows:

First a sell decision should not always be based on one factor, such as one’s judgment of management’s abilities and capabilities. That is certainly important, but in IDCC’s case can be easily overridden by another very important consideration, such as the technology itself. Has IDCC’s engineers really produced essential technology for all the various 2G, 2.5G, 3G and 802 wireless standards? Will IDCC receive royalties/fees on every wireless device produced, as they legally should if the preceding question is answered yes?

Therefore, my decision to sell will be based not upon my assessment of management, but upon my assessment of the underlying technology. If I lose faith in IDCC’s technology, then I will sell in a heartbeat. I still believe that if IDCC really has the technology, and I still think they do, then they can be highly successful in spite of and not necessarily because of management. BTW I do think we have an excellent manager in DR. Brianconn over the technology area. I have also heard some good things about Merritt, Lemmo, and Kiernan. However, I am reserving my personal judgment on Merritt until I begin seeing significant new/updated licensing activity at IDCC.

http://www.investorshub.com/boards/read_msg.asp?message_id=992578






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