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Re: tlezer post# 29166

Thursday, 05/29/2003 1:42:08 PM

Thursday, May 29, 2003 1:42:08 PM

Post# of 433016
Tlezer(trent):The Answer Would Require Speculation

As I thought I explained?

It would depend on many factors, just as my YES vote did.

However, I am able to assess the factors relevant to my YES vote.

I'm not able to assess the factors relevant to a hypothetical amount of options in the future.

I think it makes much more sense to answer if and when additonal options are proposed. And that answer will depend on how previously granted options were used (management/BOD vs employees, expansion/new hires, acquisition etc) along with the performace of the stock and growth in revenues/profits, new licensing deals, new patents and inventions etc.

The purpose of my question to corpbuyer was that in light of his comments about excessiveness and unjust enrichment and self dealing (or the implications of his comments since he didn' use all those exact words) I was wondering if ANY amount of options was okay in his view (or her view--I don't know that gender has been established for corpbuyer and I don't mean that as an insult--just don't wanna assume).

If the question to me is would there be an amount that would be too much, that I would view as excessive?

And the answer is: Yes, of course there is. But 5 M isn't it. And the amount would depend on the factors I've discussed. Anything that was IMHO 'over the top' relative to this competitive space, would concern me. But as I've said umpteen times, no one has demonstrated that relatively speaking IDCC is over the top, self dealing or unjustly enriching themselves at the expense of shareholders. And for me that is the bottom line.

joel






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