InterDigital Inc (IDCC)

[The Count]

RIMM and AAPL are minor contracts

unless or until they start generating significant revenues. Since IDCC has not deemed it necessary to enlighten the investing public on the specific of these deals that they are so happy with, the investing public is not adding much to the valuation for these contracts. That makes perfect sense. While there is a sexy sizzle related to these companies, just doing business with them does not make you a hot item unless you can show that your income is related to their success. If IDCC is not talking about the contracts, it would be irrationally exuberent to expect that they will have a material impact on the financials. It is absolutely possible that they will, and I hope it's true, but don't expect those without a rooting interest and a penchant for donning the rose colored glasses when looking at IDCC to give much value to these mystery contracts. The bad news is that I don't think they've helped the stock price much at all, but the good news is that if they do turn out to be significant, it sure as hell isn't priced in.

Frank