InterDigital Inc (IDCC)

[LTE]

<<Why did they wait til now?>>

bim524:

In my view, smart companies (and people) wait until the cash is in the
bank until they go out and spend it! Remember when many bought
a different house before they sold their first house during the
real estate crash / financial crisis about 15 years ago?

I remember that well - they were regretting it big time holding two mortgages
with the prices crashing - they didn't 'book' that first sale into the bank first.

Or how about when the salesman thinks he's going to close a big deal and
he buys a new car with the anticipation that it's a done deal but they forget
the adage that a sale isn't a sale until the check clears?! The deal falls
through and he's paying for his / her new car without the cash on hand.

This was IDCC in their latest quarterly report:

<<<<Cash and cash equivalents, restricted cash and short-term investments are expected to total $1.2 billion as of December 31, 2022, and include approximately $400 million of customer receipts during fourth quarter 2022.>>