ddajr,
Welcome, IDCC is a small company with lots of intellectual properties (patents) on the wireless technology. Infact they are pioneer and a leading edge company in this business.
Since their technology is one of the best if not the best in the wireless sector, the big companies such as NOKIA ERICSSON, MOtOROLA and others want to use their inventions without paying them a dime. This is the normal modus-operandi of this big companies......use other company's technology (invention) and pay later when caught. They are not easy to catch...even though you caught them red handed you still have to prove it in the court of law and this big companies have retained batteries of lawyers that can twist anything they want to save a buck. In addition, by not paying they save a lot of interest on their money...normally when the verdict is given the small company end up with minimal compensation payment for their invention...if they are lucky to go the distance.
My heart goes to the engineers and scientist who invewnted all this wonderfull technology that is being use all over the world.....and had been waiting for so long for their just compensation.....only to (the future whether they will be compensated lies in the hands of the lawyers now)
I always advise my children not to study engineering like me ( I am an old retired engineer)but steered them to Law and economics.
Engineer produce and invent product (an 8 - 5 job)....but guess who end up with all the money...the lawyers and economist...those who know how money works. ( as the saying goes, don't work for money, let money work for you... invest in the stockmarket)
Well, last week my daughter Gi passed the California Bar Exam and now a full pledge Patent Lawyer. She has 5 years of research experience and a graduate at CAL Berkley of Molecular Cell biololgy. Another daughter taking economics at UCLA. Glad, they listen to my advise.
As far as IDCC, they have taken the biggest Equipment manufacturer NOKIA to arbitration (after forcing ERICY to settlement)and hopefully when NOKIA succumb..it will have a domino effect in the industry...and all or majority will be licensing our intellectual properties. That's how they protect their intellectual properties...take the biggest fish and fry them in boiling corn oil. Welcome again, the preceeding was what I have learned here following all the excellent post from unselfish individual an experts on their field.
I sleep soundly every night knowing that even if I lost most of my money invested in IDCC, I will be losing money with great people and company.
Actually, you can't loose here with all the expert advise from excellent attorneys,engineers, CEO, accountant and other professions...you name it we got it.... you will be ahead here even compared to analyst, institution and others. You will know in advance ahead of others if there is something wrong to make your own investment decision. All in my humble opinion.
Peace to you.
Petersimon
