InterDigital Inc (IDCC)

[ziploc_1]

The spirit of the 1999 NOK contract was that payment would begin in Jan 2002 with the royalty rate set by the market or negotiated between the two parties in good faith. NOK chose to violate the spirit of the contract and pay nothing at that time,holding out the possibility that they might never have to pay anything(ie if we lost to Ericy). Idcc chose not to tell anyone about this until recently in 2003, thereby compounding the problem of a poorly crafted contract with lack of disclosure of what was really material information. We do not even know to this day why they finally chose to release it at the time that they did. This was information that should have been released to the investing public right away but was withheld for over a year.