InterDigital Inc (IDCC)

[jai]

The market is UGLY.

LU down close to 5%. Look at any tech stock and see red. Nasdaq just crashed 1900.

The performance of the company was great. In a good market we would be in the low 20's. Unforturnately we are in a bad market especially for high beta (risky) stocks and communication stocks. IDCC would classify in both of these categories.

The $33 million dollar quarterly revenue number is the best that we could possible have hoped for. With current license base we get about $125 mil per year or $1.25 billion market cap roughly $22 a share.

Other than doing a better job of nuturing our current set of analysts I can't see how we can complain about the companies performance.

We got solid revenue projections for the year.
We have positive cash flow.
Potential of new revenue streams.
Windfalls of Nokia and Samsung early next year.

I've complained about many things over the past year. Each one of my complaints have been addressed in a satisfactory manor. I can't be hypocritical and try to find something wrong now just because I'm losing money.

Todays numbers were better than I expected and I wished for and received guidance that projects positive numbers until the Nokia hearing. I thought that they were clear, positive and answered all questions well. I just wish their were more questions.