InterDigital Inc (IDCC)

[FISH21049]

You are correct; buy backs don't bring shareholder value for thi company. Rather, it gives a 'false' impression that the copany is doing good.

Assume we have 30 million shares and income of $60 million. That results in income of $2 per share.

Then, leTS assume we have 20 million shAres and income of %60 million. That results in income of $3 per share.

While $3 looks better than $2 income per share, you are still dealing with ONLY $60 MILLION IN INCOME. So, show me where there is shareholder value in these two comparisons!

Skip the share buy backs and pay out the excess money on hand in the form of an initial one-time special dividend by returning some of the cash to shareholders (and by the way, insiders who hold shares would ALSO get this one-time special dividend).

First, Allocate $100 million NOT TO A BUYBACK, but to a SPECIAL DIVIDEND to the shareholders.

Second, allocate a percentage of each year's net income to an ongoing annual special dividend.

If net income was $600 million and the company allocated 20% to this annual special dividend, and had 30 million shares outstanding, it would result in a $4 special dividend.

I think this type of program would definitely renew strong interest in owning shares and boost the prices, ESPECIALLY if THE COMPANY CAN DELIVER ON ITS GROWTH TARGETS WITH 5-G, IoT, SENSORS, THE TECHNOCOLOR ACQUISITION, AND OTHER PROMISING PRODUCTS.

tHIS SPECIAL DIVIDEND WILL CERTAINLY BE A QUESTION / SUGGESTION I WILL BRING UP AT THE ANNUAL MEETING.

I hope others here follow my lead and likewise suggest this to management.