InterDigital Inc (IDCC)

[jai]

Ouch what a haircut. $18.30 to $15.75 in 3 days.

25-Sep-03 16.60 16.85 15.75 15.83 1,620,000 15.83
24-Sep-03 18.13 18.30 17.18 17.27 822,500 17.27
23-Sep-03 17.93 18.30 17.92 18.14 531,800 18.14

Typical market overreaction to irrelevant news. Samsung arbitrates well anyone who has owned this stock and has been following this story knows that this is pretty much meaningless in the large scheme of things.

Samsung was never going to settle with IDCC until NOKIA did. In fact they won the right to this during the last arbitration. Now if IDCC is putting the screws on Samsung I say it is about time. Samsung wants to copy their newly found friend but they forgot about this little thing called 3G infringement. Seems that NOKIA has a 3G license and SAMSUNG doesn't. So now NOKIA can fight all it wants and IDCC can not go after them for infrigement. Samsung on the other hand needs a 3G license to sell phones. If I'm IDCC I hit them with an infridement suit on 3G. Go right for the jugular.

It is obviuos these guys colluded to both prevent the 2G payments and attempt to hold down 3G. It will be very interesting to see if IDCC goes after SAMSUNG and NOKIA trys to assist them in the fight against IDCC.

With all the good numbers and projections from NEC, SHARP, ERICSON and RIMM we will be back over 18 by the 15th of November which is the latest IDCC can release next quarters earnings. So break out the Malox or Alka Selzer this stock is not for weak stomachs.