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Saturday, August 09, 2003 1:28:06 PM
"I don't recall anything about cut and dry. I DO recall some statements with the word "could" result and we believe."
You are right, management never said the Nokia agreement was cut and dried but what they did say DID get a lot of shareholders to believe as much. Remember, IDCC has no shortage of lawyers running the company, they know how to get the message across without actually saying anything illegal or technically misleading. However, historically, IDCC shareholders have been very easy to mislead. That's a fact and I can back it up with specific examples if you like.
"I think your getting confused between contract agreement which is signed and rate finalization which is in the push and shove stage. As far As being the same, all I can say is hardly."
Well you can't have it both ways. It was only a year or two ago that I was arguing strongly that the Nokia agreement is no better than no agreement at all because it didn't have a rate. The IDCC "gurus" informed me that the agreement was as good as a done deal because there was a rate, it was defined by certain future events which were not uncertain or vague and how Nokia wasn't like Ericsson, Nokia was an upstanding company, etc. etc. Now you backtrack and agree with my original characterization.
"Re: Anything can happen in arbitration
Sounds good considering IDCC is currently not being paid. Nowhere to go but up right?"
No, I think there is a lot of room to the downside over the next year or two. Remember, for years the IDCC longs have been saying Nokia is in the bag. I think that belief is what allowed IDCC shares to climb so high recently. Management even encouraged these beliefs with their comments. Now that we know that Nokia is NOT in the bag, the price is declining. If arbitration turns out less than favorable for IDCC, shares will fall much lower than they are today. Don't try to fool me that there is no downside to failed arbitration!
"Re: Management has lost more credibility here by leading the boosters to believe Nokia was in the bag.
I've never given management much credibility for them to lose. The question than is why have you. If you believe everything ANY company says , expect to get surprised often."
I've never assigned any credibility to management either. When I speak of credibility I am speaking of the credibility that others assign to management, not myself. By reading IDCC posts over the last couple of years you must admit that a significant amount of posters have placed a certain amount of trust in management. All I'm saying is that trust or credibility is even further diminished with each passing event.
"re Whatever happened to hitting that key 3G market window? I haven't heard much about IDCC's chip (ASIC) development efforts lately.
Release has been stated for spring 2004 with IFX"
I can't believe you are still furthering this charade. Please inform us, exactly what is slated to be released in 2004 and what part will IDCC play in it?
Once
The best way to convince a fool that he is wrong is to let him have his own way.
~ ~ ~ Josh Billings
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