InterDigital Inc (IDCC)

[frobinso]

DD, I am very positive about IDCCs long term prospects, but your recurring revenue question and the timing of it has me really worried for the short term.

Like too many others, I have followed the Mark Twain school of investing, by putting all my eggs in one basket, and watching the basket closely. Today, I sold half my position because expectations were communicated there would be additional 3G licences signed in 2006, and since Samsung is still using the Nokia playbook, the two companies will be into late November just in filing replies.

I am worried that one or two things will take our stock down in the short run - Wall Street punishment for not meeting expectations that management set (such as what happened to XMSR)- if we do not sign new 3G licensees, that is - and secondly, form-4s from insider selling because management has a tendency to get out at the top.

I decided to step to the sidelines and miss a little upside. If I was more diversified in my investing it might be a different story, but I lightened up today to lock in some profit and diversify a bit. And now that I have, this rocket will probably fly to the moon...