InterDigital Inc (IDCC)

[sonic22]

LTE,

If you remember the ITC ALJ ruling came out at the end of April. There was a lot of speculation as the DE trial for the 244 patent was postponed literally days before it was supposed to start in May. MMO know of the ALJ's decision for infringement and many of us were hopeful a settlement would be reached. However that isn't the case and now with the commission reversal MMO got a nice 7 month delay for the 244 patent hearing. Hopefully there are no more delays but who knows.

After the ruling yesterday and being a 16 year shareholder I am more than happy to sell around $65-$70. The days of going after these big companies and waiting 3-5 years for rulings that can be appealed are over. As ive posted many times IDCC has an excellent balance sheet, even taking less than what IDCC wants with the share count this low IDCC can easily be a $60-$80 stock.

Unfortunately BM is a lawyer by trade along with Shay and the mentality of long drawn out legal battles seems to be what they prefer. I much rather prefer a 30M recurring yearly revenue vs 5-7 years of legal fees and the potential for a large back payment. Its time to cut deals and stop this never ending legal gravy train. IDCC easily spent over 200M(It was a 7 year battle) on this NOK case and didn't get a dime from them. Get IDCC to 500M in recurring revenue and the share price will take care of itself. Hopefully this ruling has changed the thinking at IDCC