InterDigital Inc (IDCC)

[FISH21049]

Hydro: My earnings comments are only that the projections by the company are the ONLY ones that will be accurate.

Who better than the insiders who know the royalty rates and deals can project earnings? The street is given nothing to guide them to project earnings.

No new companies have been signed to license agreements, so there will be no bump in future earnings and no catch up earnings for prior periods.

The street, on the other hand wants to see and puts expectations on an increase in earnings Year Over Year, so obviously a penny miss will hurt the company. Any bump from audit findings will be discounted from the results and from current period earnings.

SO, it all boils down to how good of a projection has the CFO made. Does he project low and show results that are higher OR does he project high and then disappoint with lower results?

IMO the company needs to do something out of the ordinary that will rock the stock price. They have the engineers and the patents to make a run back to higher levels. They have the money to pay a special dividend that would show the street that they can replace excess funds with new funds from new licenses.

But then, the company has their 'BEST IN CLASS LICENSING TEAM' that hasn't delivered anything over the past 6 quarters other than Huawei and Apple, that were LONG OVERDUE.

JMO