InterDigital Inc (IDCC)

[ellismd]

I have been doing a little math to past the time. IDCC's income in 2007 was 234M. Operations aprox 211M. Let's say Nok will be done soon and litigation cost goes away. Litigation cost for 07 was aprox 24M. Subtract that from Operating and you have 187M. 234M-187M = 47M. Here is where the fun begins. Add in a conservative 100M for Sam and 200M for Nok you get 47M + 100M + 200M= 347M *.35 for taxes= 121.45. 347M - 121.45= 225.55M/44M= 5.12 eps. A multiple of 10= $50, 15=$75, 20=$100. Now you throw in Mot & Eric for another 1 eps the pps goes to $60, $80, $120. I tink my estimates are very consevative as I truly believe eps after taxes will be closer to $8 eps based on WCDMA and CDMA units sold in 2009 and closer to $14 eps by 2012. Oh, I forgot to mention the 2G money for 2009 add in another 150M * .35+= 97.5 and add to the 225.55= 323.05/44= 7.34eps for 2009.