InterDigital Inc (IDCC)

[GrnAcrs]

A throw at the dart-board

If they settle with Samsung and significant terms can be quantified, I hope we “soon” are over 30-35. Here’s why (invite anyone to correct or comment)...

ASSUMING
70% Less in Legal costs (now at +-67m; after tax save 31m)
Expenses (as in cost of doing business) go from +-200M to 250M
43.2 Shares Outstanding
Cash now at 180m
150m for 2G Samsung arbitration
150M+180 Cash at 7.6/share
Exclude any real or potential revenue besides Samsung and Nikia

AFTER TAX REVENUE & EARNINGS (Sam & Nok sign at +-$1.25/ phone)
Cash at 330m or 7.6/share
Earnings per share for present Licenses .50/ share
Savings in Legal at .70/ share
Samsung Revenue at 98m
Nokia Revenue at 263
Samsung Earnings after tax at 1.30/ share
Nokia Earnings after tax at 3.60/ share

AFTER TAX REVENUE & EARNINGS (Sam & Nok sign at +-$1.00/ phone)
Cash at 330m or 7.6/share
Earnings per share for present Licenses .50/ share
Savings in Legal at .70/ share
Samsung Revenue at 78m
Nokia Revenue at 211
Samsung Earnings after tax at 1.09/ share
Nokia Earnings after tax at 2.94/ share

Pick a multiple. Will the market conditions have it under 20 or will market awareness and maybe even greed take it elsewhere?