InterDigital Inc (IDCC)

[Sammdogg]

ASM I have to type fast Mother in Law had a srtroke and I have to go so excuse typos. Everyone on management team and most of board were there. Tastykakes and soft pretzels for everyone.
Everyone above seemed to exude confidence this year versus optomism last year. Comments made made me feel that they are resolved to get theirs. Harry said afterwards that "they're using our technology to make money, and some of that money belongs to our shareholders" He also said that some companies view us asa tax but we're not going to let them go.

Roath got 89% of 53 million shares voted (96%)

harry spoke about the need for appropriate compensation
Then Howard talked a little strategy which include without specifics new technologies being developed for the long-term , he reemphasized "long-term' and said IDCC continues to look for assets or entities to acquire mentioning Tantivy (with the accent on tan if you're interested) Tommorrow results are todays investments and all that stuff
Howard talked about the development of a complete 3G end to end solution delivered to Nokia in 2003 and how IDCC is in the Infineon stack delivered to Wawei(sp)

He then said they are pursuing an FDD HSDPA semiconductor partner and they are offering attractive capabilities to consumers

He continued to speak about the commercial development and diversification of the smart antenna

200 million in R&D over last 4 years while remaining debt free on balance sheet
Recurring royalties in 2004 already more than entire 2001
# of patents up 579% since 2001

$100 invested in IDCC in 2001 now worth $313, same amount with the big Q = $82

He said they have a unique business model with proven ability to monetize invention and make creative business relationships. More to follow