We still do not know the total yearly cost for this insurance. All we know is that the INCREASE in this D&O insurance expense was $1.5m for 2003. Put in perspective another way, just the annual increase in this one expense is more than the analysts' projected annual royalties from the new Sierra Wireless license. One of my questions for the last CC that I sent IDCC as follows:
15. IDCC has guided to a significant increase in operating expenses of 5% to 10% for the fourth quarter over the third quarter. Is the majority of this increase coming from director and officer liability insurance? What is the total quarterly or annualized cost for this insurance, and its justification? How much of IDCC’s quarterly or annualized operating expense is associated with the Tantivy asset purchase?
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