InterDigital Inc (IDCC)

[Danny Detail]

Corp .. You used IMO with regard to how you think the institutions voted last time as well as how you believe they will vote this time. Sounds like an assumption to me.

Most shareholders, unlike you, are not exclusively focused on the single factor of dilution to the exclusion of all others when it comes to evaluating prop #2. Most shareholders, unlike you, acknowledge that options have potential benefits as well as costs to investors and recognize that a cost benefit analysis should be performed even though the benefits are far more difficult to accurately quantify than the costs and are unique to each company. Most shareholders, unlike you, recognize that no company operates in a vacuum when it comes to compensation systems and their proposed actions in that regard must be carefully weighed against those of their competitors and "voluntary reform" could leave a company in an uncompetitive position. But that is why many of the no voters on this board have presented credible arguments for a no vote and you still have not.