InterDigital Inc (IDCC)

[jtaylor]

Red, see Msg # 153331 on "recurring revenues."

IMO, the $253m from NOK should have the effect of increasing the share price by at least $5 per share (253/55). If, based on the $253m, a $5 dividend were generated, the share price would then go back down $5 ex dividend.

IMO, the best explanation of the conventional WS view is that there, although the $253m is "duly earned," there is no guarantee that a comparable lump sum payment will be generated again from NOK. When NOK signs a 3G license, then this will be counted as recurring revenue spaced over the period of the license agreement.