InterDigital Inc (IDCC)

[jai]

Fundamentaly, I have IDCC going to $20 a share after the May earnings release.

I beleive that last quarters NEC shipment problems have been solved, Sharp sales will increase and HTC revenues will start this quarter. These 3 events may take us to $27.5 million in revenues. If we hit that number ($3 million more than last quarter), the market will take us back to a 10x revenue valuation. ($110 million a year sales x 10 = $1.1 Billion Market Cap / 55 million shares = $20 a share).

Two deals that I am waiting for is Novatel Wireless and Palmone. Both are darlings of the street right now. While the numbers would not be big they will bring more exposure to IDCC. It will also pretty much get all the major wireless data device manufacters in fold, HTC, RIMM and Sierra being the other 3.

I think in some way the LU suit helped us with Sierra and may help with Novatel. If I'm a small manufacturer why would I go through the expense of a patent law suit that it all likelyhood would lose. I'd have Uncle Billy parked outside their door with a pen and a contract. Getting 2 more licenses before the next CC would be huge. It would erase all memories of the "Patrick Ewing" like guarentees of last Novembers CC and would create a very, very upbeat call.

So come on Uncle Billy fill up that fountain pen. Put on a raincoat and golashes. Bring a nice hot thermose of COCO and sit right at these guys door until they sign.