InterDigital Inc (IDCC)

[jai]

sjratty,

Merrill never had IDCC as a buy. They had a trading program that started to buy IDCC back at $18 last year. In March IDCC was removed from the program. No Merrill analyst has covered IDCC.

Also just because Level II says Merril is selling it doesn't neccessarily mean their funds are selling, it could be a client.

Even if Merrill is selling in the funds the positions that they hold are not substantial.

MERRILL LYNCH ASSET ... 3/31/2004 87,996


MERRILL LYNCH & CO I... 3/31/2004 11,300 5,600 98.25% $185

As far as selling don't read into the day to day stuff.

The big numbers are in institutional buying and selling. We have had about an increase this reporting period, which is very positive.


Company Details
Total Shares Out Standing (millions): 56

Market Capitalization ($ millions): $911

Institutional Ownership: 35.1%

Price (as of 5/25/2004) 16.41

Ownership Analysis # Of Holders Shares
Total Shares Held: 126 19,513,809

New Positions: 22 4,077,622

Increased Positions: 54 6,062,627

Decreased Positions: 57 5,341,539

Holders With Activity: 111 11,404,166

Sold Out Positions: 26 2,680,316

Interesting positions held by both Wells Fargo and Piper Jaffray.

WELLS FARGO & CO/MN 3/31/2004 400 0 0.00% $7

PIPER JAFFRAY COMPAN... 3/31/2004 100 0 0.00% $2