InterDigital Inc (IDCC)

[Monterey2000]

IMO, there are three events that are weighing down the stock price, the possibility of a not-so positive world-wide licensing rate for IDCC in the UK court decision that is due anytime now, the uncertainty of the Apple license renewal and possible impact of the UK court decision on IDCC's licensing rate, and the uncertainty of the Samsung license renewal and possible impact of the UK court decision on IDCC's licensing rate.

IMO, the market may also still be reacting to BA analyst's negative review of IDCC future financial performance resulting in BA analyst's prior downgrade of IDCC stock. Maybe BA prefers to collect the interest on the convertible note instead of becoming an IDCC stockholder at the conversion price of around $84.

All that being said, assuming a reasonable licensing rate out of the UK decision, an almost 3% dividend rate of return and the possible upside to the stock price after the UK decision is hard to pass up