InterDigital Inc (IDCC)

[bulldzr]

Joel, LOL! You are right, you "were" gonna get the last word. Not that it really matters anyway, because as texb has pointed out this has already been approved sans shareholder consent. Texb has done the research work and has pointed this out to the board, and I tend to agree with his take on it if and until we receive further clarity from the company.

But since you are a student of philosophy, and a practioner of logic, how can the 99 plan be logically explained any other way than texb's? It is as simple as that, IMO. IDCC management may be many things but they certainly aren't so incompetent as to devise a plan in the way you describe. What is going to happen to all those extra shares in your scenario? Over half of them in fact would never be legally granted. Is the janitor gonna cart them off and air freight them to Chicago in the dead of night or something?

You certainly have shown your stubbornly argumentative side in this thing, LOL! What seems odd to me is that your version of the issue reeks of an attempt to place the perception in our minds of a less than significant amount of options available to BoD and mngt, in an obvious attempt to lesson the implications of what many might see as excessive compensation/dilution.

What is ironic is that upon logical analysis of your version and interpretation of the plan, the only conclusion that could be made is that management is either incompetent in drafting these proxy/plan bylaws, or is purposely trying to confuse and convolute the issue in an effort to mislead shareholders. I don't believe this could be the case, and I would think you don't either.