InterDigital Inc (IDCC)

[The Count]

I like the repurchase

and I'm not worried about the timing.

The timing of the stock repurchase is suspect..Either the Company feels that they will have positive cash flow and show a profit for the Third Quarter...or Management is oblivious to the fact that Samsung may be filing a Motion to unseal the Ericsson file, any month now..

I'm hoping management is looking long term, and they believe that they will have most of the market licensed for 3G at a reasonable rate. They know the stock market is fickle and unpredictable, so instead of trying to find an absolute bottom, they chose to buy at what they believe are very cheap (compared to two years from now) levels. 2G will be a nice bonus when it comes, but 3G is the real money. Every one of us holding IDCC just had our ownership increased by ~4%. The company still has a very strong cash position and when Nokia and Samsung are resolved it will get better, hopefully significantly better.