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jai

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Alias Born 01/05/2003

jai

Re: GE_Jim post# 49570

Saturday, 11/22/2003 2:06:29 PM

Saturday, November 22, 2003 2:06:29 PM

Post# of 435762
I have to disagree with you here. I'm here for the home run just like many other people. I put IDCC's valuation potential at between $100 and $200 a share. That is a hefty target and some 500% to 1000% percent above the current levels.

Now you say how do I come out with these "pie in the sky numbers"?

Right now QCOM and IDCC are basically selling for 10x revenues.

QCOM Revenue (ttm): 3.97B Market Cap: 35.14B

IDCC Revenue (ttm): 87.90M Market Cap: 1.13B

So in order for my low end target of $100 a share to hit IDCC would have to do about $125 million a quarter.

That would be $500 million a year and 10x revs would be a $5 billion market cap.

5x$20 = $100 a share.

Right now we are at $26 million per quarter.

NOK/SAM 2G would be another $25 million per quarter.

The remaining $75 million needs to come from the following events.

NOK 3G
SAM 3G
LG 3G
ERICSSON 3G
LU 3G
NT 3G
FUTJISU 3G
PANASONIC 3G
IFX CHIPS 3G
MOT 3G
NEC 3G INCREASING

So in my opinion I'm still looking and expecting $100 a share, I'm just not expecting it next week.





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