Thursday, May 08, 2008 1:34:37 AM
He "missed" by $8 million of a previously undisclosed expense adjustments, which no one could or did project. Absent that he was right on, as usual. Since he posts details of his estimated income and expense, he can identify where he differed from the actual results. This is as good an analysis as one could hope for. Yet he owes the board an explanation for his choice of words. Sheesh.
You "thanked" Ronny for his contribution, but it rings hollow when it is preceded by your accusingly questioning his use of the term rabbit, which I understand to mean a positive earnings surprise, to have some unethical connotation and then accuse him of sour grapes. He had no reason for sour grapes because his "miss" was due to unknowable items. If you read and understood his explanation, it should be clear that he was just clarifying the difference so that those who followed his projection would fully understand what was actually reported. Anyone who has a basic understanding of financials is well aware that the adjustments characterized as "a rabbit" could in no way be considered a impropriety of any kind.
But Ronny got tired of waiting for IDCC to monetize its IP, therefore his motives are suspect and his posts must be carefully scrutinized for negative bias or unfounded attacks on the company. It can't be that he still follows the company, watching and waiting for a time to re-enter, and decided to share his expertise with everyone here, as requested by some naive posters who foolishly think he might be willing to share his unbiased opinion without being heavily invested.
If I added "thanks for all your contributions" here, then would this post also not be critical?
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