InterDigital Inc (IDCC)

[blueskywaves]

I swapped the last fifth of my IDCC equity for IDCC options today. This one's going to continue to be a volatile trader until they get their product story in order. I might as well take full advantage of that fact.<g>

Check out ASCL to get an idea of how IDCC's balance sheet is going to look like once the Nokia and Samsung money come in.
This used to be the old Informix before they sold their $1B a year (sales) database business to IBM for a cool $1B in cash. Software and royalties have comparable gross margins.

TTM revenue is $128M with accelerating growth from $21M in 1Q02 to $35M in 1Q03. Get this, cash is now $616M after they got the final $109M payment from IBM. O/S is 232M shares, but they have a proposal at the ASM for a reverse 4 to 1 stock split that should bring O/S to around 58M shares so cash on hand is going to be something like $10.62 per share or thereabouts after the reverse stock split. The stock is currently at $4.18 so post-split, it will be around $16.72.

To summarize, ASCL's TTM revenue is currently $128M, post-split O/S will be around 58M shares, no debt, cash should be around $10.62 per share, and the stock should be in the $16 to $17 range based on today's close.

Sounds familiar? LOL.