InterDigital Inc (IDCC)

[dsteeler]

It is interesting that the company used two priced Dutch auctions to acquire shares. Could it be the company didn’t achieve the success in getting the share buyback they wanted? Just pure speculation, but could the company get shares through an option play to satisfy what appeared to be an urgent share acquisition? I’ve been here a long time (30 plus years) and have accumulated a substantial holding for being just an individual investor. I’ve wrote covered calls on a fraction of that holding many times. Sometimes called,and other times not called. The overall market is hot, but for IDCC it just seems out of the norm. A lot of folks are going to be out of their shares at many different strike prices. I’ll loose a few at 75, but knew that going in. Different strategies going forward. IDCC has been good to me, and they’re on a roll so I’m looking forward to even better returns. I guess I’m just wondering if the company could use the option market to augment the share buyback, or even if it’s legal. All very interesting.