First I'd like to say that negative posts are absolutely important for any investor in speculative stocks. Having lost large amounts of money in speculative investments over the years I can not speak loud enough about the dangers of ignoring the negative aspect of any investment. That being said I would hope that board members could refrain from attacking posters who state opinions that they do not what to hear. The best way to address they posts is to understand and debate them.
Compensation issues in this stock do not concern me at this time. My objective here is for high growth so RSU's and options are what will attract key individuals like Zabarsky. My main concern and fear in this stock is a loss to Nokia in arbitration.
What I'd like to see is LG and Motorola signed. If Zabarsky can help with contacts within the company and help convince his old employer that they should pay he is well worth his weight in RSU's.
My point is if I hit my goal of $50+ a share why should I care how much other people have made. Your point holds water in non-volatile, stable companies where share price explosion is not the main objective. If this were a small company whose business model was somewhat finite then dilution would be a major concern.
But it is not. We are looking at a potential market cap growth over the next 12 months in the hundreds of percentages. This stock has the potential to explode like RIMM.
4-Jun-03 18.90 20.95 18.84 20.82 2,207,200 20.82
4-Jun-04 114.00 117.20 113.95 116.15 8,385,800 116.15
A 600% increase Year over Year.
In order to get RIMM numbers we need RIMM revenues.
"Revenue for the fourth quarter of fiscal 2004 was $210.6 million, up 37% from $153.9 million in the previous quarter and up 141% from $87.5 million in the same quarter of last year."
Sharp was a start but we need to get some new handset makers signed.
My line of questioning during and after the ASM was aimed at getting Merritt to blink on when and how IDCC will go after LG and Motorola. My premise being if NEC, our largest customer was selling WCDMA phones to Hutchingson then IDCC IPR in this area should be very strong and allow for a convincing case for both Motorola and LG to sign. I did not get any answers but it was really just a fishing trip anyway.
An LG license between now and Nokia would really get the ball rolling toward the $200 million dollar quarter. The good news is that this number is very feasible if IDCC wins the Nokia arbtration. It appears that as we get further along in 3G it becomes harder and harder for companies to claim that they do not infringe on IDCC's IPR. So as more and more companies roll out WCDMA phones the case for them to pay becomes stronger and the potential for a successful law suit is also stronger.
Bottomline, this is a swing for the fences investment for me. I do beleive I can make anywhere from 2X to 10X my investment. If this happens I won't really care if Zabarsky got 6000 RSU's for sitting on the board. Hell, I'll give him a call and invite him on my new yatch the SS-IDCC. LOL.
AI
