InterDigital Inc (IDCC)

[jai]

I thought the presentation was very good. I did not mind the 12-18 comment on licensing. It was not specific and another general type of answer from Howard. Nothing, IMO to read into this.

I think they have come to the conclusion based on the events that have unfolded in the past 6 months and comments from management about how they are accepting licenses.

IDCC has stated that they will not sign 3G licenses without companies settling past due infridgements. So since Ericsson, they have signed RIMM, HTC and Sierra Wireless. None of these companies had any significant 2G issues.

So they look at the list and see who could possibly sign.

Nokia is in arbitration over 2G so very unlikely they will sign a 3G before then.

Samsung same as Nokia.

LG probably does not want to sign until they see what their main Korean competitor Samsung will do.

Motorola won on 2G so it is anyones guess to how they can get Motorola signed.

Siemens has IDCC on the pay no mind list.

Ericsson just forked up big money for 2G and probably will wait to see if Nokia pays before they pay even more for 3G.

So any good analyst will look at the situation and make the determination whether any of the big guys will sign before they know if Nokia will pay,

"Strategy Analytics added that Nokia continued to lead handset manufacturers with its 34.8 percent share of the market, down less than half a percentage point from 2002. Motorola, in second place, saw a bigger loss of market share, dropping from 16.3 percent in 2002 to 14.5 percent in 2003. Third-place Samsung, fourth-place Siemens and fifth-place LG Electronics each registered single percentage point gains, according to the findings. "