InterDigital Inc (IDCC)

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"How comes there has been so little comment about the two million share buyback. Everyone goes nuts when HG sells 5000 shs. I think that this is a great vote of confidence."

First, to be clear, IDCC did not obligate themselves to buy any shares back, it's up to future market conditions, revised company goals, etc. There will not be any vote of confidence unless and until the shares are actually purchased. This may or may not happen.

I remember the last share buyback, they could only buy shares if they were priced under $10, and even then, they took their sweet time. It was almost as if they knew the price would remain in the single digits for some time even though most IDCC board participants were preparing for the Houston $100.

I wonder if they have revised the share buyback maximum price limit so they can buy shares at costs higher than $10/share?

Finally, I don't know why you relate this to insider selling. There is a world of difference between an insider cashing out his personal holdings and the management deciding to use company funds to buy back company shares. Actually, maybe since shareholders defeated proposition 2 (which would have allowed the creation of more shares to offer to insiders as options) maybe the share buyback will achieve the same thing (provide more shares for insider options).

Slurp, slurp!

Funny how management can get around the shareholder voters and yet shareholders think it's a bullish sign.

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