InterDigital Inc (IDCC)

[The Count]

Ronnie, thanks for the quick review

This is getting exciting. Looks like some progress was made on the contract negotiations. That coupled with Howard's reiterating the $360MM revenue is great. Nice story by AP, very positive. Would raise interest in investors who've never heard of our little gem. As time goes by the needle seems to be steadily moving away from the idiot side and towards genius. But before anyone orders any new cars, a few cautionary thoughts. The article states $360MM over the next year, which could mean between now and 6/30/04. The contracts filed with the SEC may be just for a technicality and not related to any significant progress. I'm hoping news is imminent, but my experience with IDCC has been that the news comes a bit worse than hoped for and a later than expected. Although this is the first time the expectations have been clearly stated by the company, so maybe this IS the time.

Anyway, I love the price action on IDCC. Climbing with bursts to the upside, falls back and then continuing back up. Each little bit of news pushes our base a bit higher. So whenever IDCC's stock price takes a quick dive, take a look at the chart over the last month, 3 months and year before getting panicky or depressed. Hey guys, this is the fun part.

For those bemoaning the lack of selling opportunities you need to look at the calendar. This ain't 1999. In 2001 the stock doubled, a great selling op for the traders. 2002 up around 50%, another selling op. 2003 up again 50% in six months, a damn nice return for anyone looking to sell. The great thing about this stock is that even with that great performance, I still believe this is a buying opportunity because the market continues to severely discount IDCC's price due to the lack of completed contracts. If your upset about the market not seeing what we see you're just going to have to be miserable. Not me - my new motto.............Don't worry, be happy!

The poster formerly known as fmilt.