On target post..Shay did not place his ATTY license at risk..since another Atty. signed off on IDCC's 8K..and IMO: that Lawyer is sleeping well tonight.
Count .. As far as I know, interpretations of body language (smiles etc.) do not require disclosure under FD nor do off-hand comments like Shay made about April 11 which are subject to widely differing interpretations. If that were the case, every meeting between sell-side analysts and company management would have to be video taped and distributed to all investors immediately after the meeting took place.
I've thrown out my thoughts about why they issued the 8K but I'm as clueless as you and everyone else as to the real reason. The difference between us is that I don't obsess about an event over which I have no control or even know with any degree of certainty the details thereof. I am far more puzzled why you and others insist on reverting to this kind of manic behavior every time an IDCC event has even the slightest degree of uncertainty about it. Do you really think that you are going to come up with THE answer, one upon which you are willing to make a personal buy, sell or hold decision? If not, why are you (and others) wasting so much time and emotion on it?
No you are not a WS expert .. not even close. I'm not one either but I know a hell of a lot more than you do about the subject. Why is that so hard for you to accept? I have no trouble accepting that I don't have a clue about the relevant legal matters, accounting issues, wireless technology, etc. So, I rely on the views of Loop, Wizzeresq, Ghors, et al on legal issues, you, Dd, TWFG, Ronny (in the past) et al on accounting issues, DR, lastchoice, et al on technical matters. On management issues I keep my own counsel because I've been there. You see, Frank that is what WS experts do, they rely/accept the views of individuals who are experts in areas they are not. Most importantly they try hard to avoid making conclusions in situations where they don't even know what they don't know. That certainly is not the case with you and others here.
Your baseless cynical assertion that I believe management personnel never make mistakes is really getting old and insulting. What I do believe, from much experience is that it is extremely difficult for someone on the outside looking in to render an accurate assessment instantaneously as to management's competence on a given event like the issuance of the 8K.
Now, the building of something monumental out of whole cloth has never been demonstrated better than today. Let's take a look at the ACTUAL quote that started today's frenzy a la the "telephone game":
I'm a little less optimistic than the market implied yesterday,'' Simonson said today in an interview in New York. Call me crazy but I'm having a real hard time seeing that as proof positive that IDCC should not have issued the 8K because Teecee and ELI-R posted their reaction to Shay's body language and off hand comment. AND, if in the end they interpreted it correctly why aren't you ecstatic about the possible heads up that only readers of these boards got? It will work out no matter what .. if the basis for a settlement is there .. I definitely think it is .. it WILL happen no matter how NOK spins the 8K.
As for your opinion of my WS knowledge and whether it is of value to folks on this board, I couldn't care less what you think. You see, I know what I know and I know what I don't know. Those who are not willing to say the same would not last a day on WS (secret message: that be you, Frank).
MO,
Danny
AI
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