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Re: bajaken post# 37132

Tuesday, 07/22/2003 9:00:07 PM

Tuesday, July 22, 2003 9:00:07 PM

Post# of 432730
bajaken, timing of PR

Why would IDCC make this announcement with 24 minutes left before the market closed?

Because they were not the only ones who knew about it. Nokia people could let their friends and families know and they could short IDCC. This way, they put it out as soon as it was a done deal. Someone mentioned earlier that there was a lot of volume just prior to the announcement although I don't know if that was true or not.

Personally I'm glad IDCC puts out news during market hours. Those of us who watch the stock have a chance to react to news quickly. If they'd waited until after hours (assuming there was no leak) the price would've opened at whatever it opens at tomorrow and all of us would be in the same boat.




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