InterDigital Inc (IDCC)

[Alley]

THE MARKET + IDCC+ a little story....

THE MARKET
We seem to be at one of those moments in the market when everyone is standing on the sidelines waiting for someone 'BIG' to make a big move so that everyone else can follow...[oversimplification] Unfortunately the ones who wait...... often are the ones who wait to long to buy or sell...

This type of moment in the market often results in the volatility swings we saw
today....
The DOW had about a 138 point swing from high to low ...ending down 69 well off the lows of the day
The NASDAQ had about a 30 point swing from high to low ...ending down 19 well off the lows of the day


Technicians at this MOMENT have a bias toward the negative side....
Traders on the floor are sitting with their fingers on the button....waiting for
tomorrow's numbers....not quite sure what they want to see ... if the numbers to
high...Greenspans behind the curve....[inflation + interest hike FEARS] if the
numbers to low.[inflation + interest hike FEARS - replaced with perhaps slower
economy FEARS] Either could spook the market for THE MOMENT.
It would be nice to be at the local watering holes tonight [where wall street
traders are HANGING out....deciding...whats up....]

Retail investors are waiting for direction......
Tomorrow will most likely result in some serious action ... especially in light of next
weeks options expiration....from there we may begin to better set the tone for the
short and intermediate term. As to the long term I think we will look fine year end.


My short and intermediate term attitudes have been decidedly negative for a while.
I anticipated the weakness in the market several months ago......people have been
locking into profits year over year....especially in the small caps. They are/or may
begin to look pretty attractive in the very near future. Just as everything begins to
look like it's falling apart....the sky is falling....my goodness....it's still there...and all
is not so bad.

We are not out of the dog house at this moment.....but looking back several weeks
we have moved from the back wall of the dog house to the entrance way...We have
had a lot of selling.....lattering down...at some point the sellers will get exhausted ... the question is....will the bulls run with it.

IMHO I am more inclined to believe that they are more prepared now....then 2
months ago. ......[ LOOKING OUT OF THE DOG HOUSE...RAIN OR SUN??]



IDCC
We have endured the market weakness remaining primarily in the 17's with
boughts of painful weakness . We are constantly plagued by a lack of visibility. I
tend to rely more on Ron's analysis with input from mschere and others ... then from the majority of analysts ... and management.

LOOKING FOR SOLID GUIDANCE MAY 10 TH.

Unfortunately I generally lack confidence in management's characterization of
their short and intermediate term vision of the state of the union 'I find we are
most often trying to read in between the lines.
Maybe ... we get it right 40 percent of the time.

We are to often surprised and disappointed to the downside as well as surprised
and elated to the upside. Thus the volatility....check the boards...when it's good it's
great [data rox " I love this stock"] and when it bad its terrible [this stock is a
piece of s--it" author not to be identified]


ABOUT THE STORY...and its nature.

This is a 'story stock' ....With a great story....the problem is the authors can't
seem to get the outcome or timeline for major events quite straight. Thus
interested publishers [investors] come and go...[remember ' boogie'
he had 23,000 shares last year]. They loose interest...they have less patience
then the true long soldier.' Or guys like Mickey [they loose perspective and
assets-] The good thing is there are always new publishers on the prowl. There are those analysts and institutions who know the story...and will plunge ahead hoping there timing is right....disappointed and hurt when they are blind sided.



This 'story stock' might be considered a great thriller...or mystery... [just
when you think you know how and when things are going to turn out ... there's
a surprise]. Unfortunately the majority of big financial clearing
houses/publishers [major institutions + brokerage firms] are uninterested in
distributing mysteries [buying stock with limited visibility].

THE STORY
I remain long ... as I believe in justice. I believe IDCC owns critical designs
to the engine+ the transmission of that new shiny 3g model that is being sold in
today's market. I believe a handful of big bully's followed by a bunch of little guys
went into there garage before anyone cared to much about the future 3g
model and talked to the idcc boys ...
"we like your model"....
"can we play with it?"
" If we use it ....we will certainly pay you someday....."...[lol to themselves]
The boys agreed ......and the story continues....

Will justice prevail...?....and when...?
The publishers are waiting...and ready. We are looking at the RIMM ...but we are
not standing on it .........yet.

We are closer to the RIMM....EVERYDAY...
'GOOD SURPRISES ARE IN STORE'...said the oracle.


Best to all....
YOUR COMMENTS AND THOUGHTS ARE APPRECIATED....ALLEY

MAY GOD BE WITH US TOMORROW...AMEN.