i talked to one hedge fund w/ a sizeable position back in the summer... he gave the IP zero value and would be pleasantly surprised if there was value... their focus on DD was Avid and they did a lot of DD... and a $1 bil plus value once AVID straightened out... they thought the SK mgmt crew was inept and had to go... i argued the IP had value and his response was "I hope you are right"...