InterDigital Inc (IDCC)

[FISH21049]

I will also guess that under the terms of the new license agreement with LG, all income coming from LG has been or will be accounted for by year-end.

I think this for the reason that IDCC revised their guidance for the 4th Quarter, 2017.

The only possibility of any additional pick up in income would be that IDCC has not yet established the value of the patents transferred, and therefore may have another account entry to be made.

However, my recollection in IDCC's accounting for revenues says something like .....record income when received or when a license is signed and collection is certain .....

Besides, its not like the agreement came up on Friday and was signed on Saturday and no body knew what patents were being transferred. I am certain that behind the scenes everybody was looking at the valuation of patents being transferred. LG was looking at them from the expense side and IDCC was looking at them from the income side.

Life would be simpler if lawyers spoke in English and a contract was made public for all to view. But we know that will never happen.

JMO