InterDigital Inc (IDCC)

[jmspaesq]

Corp:The Comps You Provided Showed a 24% 'overhang' For Tech Companies if you're talkiing about that PPT presentation you emailed me.

How do you figure that IDCC is way above that w prop 2?

You chose a 10% figure. That applied to communications companies. Since the term is undefined and there is a category for tech, I believe the tech comp is probably more apt as a comparison to IDCC since communications companies are probably more like AOL/Time Warner etc or a Sprint etc NOT a communications technology developer.

Also: your 'dilution' analysis consistently overstates dilution by failing to account for revenues produced by options exercise; by assuming that all options granted will be exercised; and by assuming a static price for the stock and no growth which has to be wrong since if it was right no options granted at current FMV would ever be exercised.

Yet you persist in citing the same overblown figures.

So I disagree with your assumptions and your math and your conclusions.

Also: If you are correct that the analytical framework you provide below results in a NO vote across the board from the institutions which own (approximately) 1/3 of this company's stock currently, then of the remaining 66%, only 25% of those or a total of 17% of individual shareholders, need to vote NO in order for the NO vote to win.

Even if you assume that 6.2% of the shares are owned by management/BOD and they all vote YES, that still leaves a lot of individual shareholders only a few of whom need to vote NO in order for NO to prevail. That still means only about 1 in 4 remaining shares.

So what are you so worried about? Given that, I'd think the vote was in the bag for the NOs.

Further, given your analysis, it shouldn't be hard to convince 1 in 4 individual shares that their best interest requires a NO vote.

Which makes one wonder, why the incessant drum beat?

BTW: thanks for dropping your declaration at the end of EVERY post that you're voting NO and urge all others to do the same. I'm pretty sure that anyone who is going to 'get it' already has.

PS: thank goodness this will all be over pretty soon. We'll have to see what if any other subjects interest you after the ASM!