InterDigital Inc (IDCC)

[mschere]

Question: Is not this post by AMS on this subject right on target..$360 Million at issue in Nokia/Samsung IMO: puts the Insurance contingency issue in proper perspective. TIA

By: ams13sag
15 Aug 2003, 03:41 AM EDT
Msg. 120813 of 120849
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Per 10k.

I wonder what the contingent liability of $27 million actually relates to. It is not a small amount, and I can not imagine the insurance companies merely thought it a good idea.

It would appear to me from the accounting treatment affforded this potential liability that the $27 million is contingent upon Nokia and perhaps Samsung settling. The %'s would seem to be similar to those agreed based upon the Ericy settlement.