InterDigital Inc (IDCC)

[jai]

Nokia probably wants to pay what Motorola is paying for 2G, NOTHING.

Unlike the Motorola decision even if Nokia were to win and SNE is declared not to be a trigger IDCC will do fine. With more and more 3G roll outs IDCC has more and more customers to sign.
Todays deal between UTStarcom and Audiovoxx puts UTSI on the radar screen. I don't beleive signing them would require a huge settlement like an LG would so it should not be as difficult.

I think the low hanging fruit would be Palmone, Novatel, UTSI, IP Wireless and BENQ. Wouldn't it be great to get 3 new licenses before Nokia arb. Get quarterly revenues up to $40 million with some serious 3G licensing momentum. This RIMM/NTP suit has got to be good for IDCC. Why would a Novatel want to spend money to fight a law suit that they would probably lose.

With 1000 patents and 800 standards accepted by UTMS (I think that is what Howard stated) IDCC's IPR in 3G is so much stronger than the patents that were involved in the Ericsson suit in which Nokia is claiming their payments are based on. (or something to that affect).

Lastly I must comment on the timing of the buyback. This one was well thought out and extremely effective. My hat is off to the Board of Directors on this one. The Nokia news could have caused a panic selling and price crash down to $15 again. Especially with the NASDAQ reversing itself back down under 2000 again. This is how to protect shareholders equity. WELL DONE.