InterDigital Inc (IDCC)

[FISH21049]

At the ASM, I presented an idea that would generate in my mind interest in buying and holding IDCC Stock. Here are my thoughts:

First, I would pay out a special dividend. At this stage of the game, with over $800 million in cash and $1 billion in future revenues over what I think Merritt said was 5 years, there is a lot of cash to be had.

A special dividend of $ 1 to $2 would not break the bank! This would reward those who currently hold shares as loyal long-time holders of shares, as well as those funds who believe IDCC has the goods to propel us into 5-G and other things to come (IoT, M2M, Smart 'sensors', Cloud Computing, etc.).

Second, I would raise the regular quarterly dividend by $0.05 per share effective with the next quarterly dividend. I would also consider an annual review/increase in regular quarterly dividends based on hat is left over from the prior year profits.

This would be another sign that Management feels strongly that IDCC's future is positive and management would put it's money where it's mouth is!

Third, I would implement an regular annual special dividend tied to the profits each fiscal year. It would be a formula based on annual profits, similar to the inventive plan offerred to insiders. The better the success, the bigger the special dividend.

If the best in class licensing team licenses our patents, it will generate revenues and profits for the company, not only in the month of the license, but also ongoing future revenues.

Here, the Best in Class licensing team will keep their jobs and get raises. Insiders will get their bonuses, get raises, get incentive compensations. and other perks. Shareholders who are risking their hard earned dollars in stock ownership will likewise get paid for putting their investment into the stock of the company instead of promises of shareholder appreciation that tends to erode as it has in the past 6 months. AND, for insiders who hold shares, whether in their personal accounts or their retirement-type accounts, will also get additional benefits for holding their shares in the form of regular and special dividends.

It all hinges upon insiders meeting their goals. If they are successful, they will benefit and we all will benefit from their efforts. If they fail, we get nothing as shareholders (which we are getting now other than a regular quarterly dividend).

If they made a commitment to explore this possibility, it might stop the bleeding and perhaps entice others to invest their money in InterDigital!

All JMO but I think it wouldn't hurt, especially IF management believes they can accomplish what they have set out to do!