InterDigital Inc (IDCC)

[Corp_Buyer]

"the ethics of insider selling during a buyback program" - yes, IMO Shay should have been canned long ago for a lack of common sense.

Shay's seemingly poor judgment has raised questions before such as after the Ericy settlement, after management announced the large impacts on Nok, after the resulting run up in share price, Shay then approved insider sales while the Nok licensing discussions were supposedly active with positive results expected in the near term, and happily for them before that dispute formally went to arbitration. Nok itself complained about those sales in its legal filing, which sales seemed to compromise our management by personally locking them into a position that was ineffective vis a vis working with Nok, to say the least.

At this time, we have a share buyback in process, management out pitching new analysts and investors at conferences, an arbitration award against Samsung expected in the near term, and yet Shay approves insider selling. Apparently, he deems the window to be legally open, but what about common sense and meeting the highest ethical standards in the face of the share buyback in process?

Just incredible!

MO,
Corp_Buyer