InterDigital Inc (IDCC)

[mschere]

IMO:You could just concentrate on fiscal 2004 revenue and bottom line earnings for IDCC from the current paying licensees and merely project what Nokia and Samsung would contribute to IDCC's 2004 bottom line if they merely honored their CURRENT 2G 2004 OBLIGATIONS and placed 2002,2003 one time make-up payments on the back burner..and apply a 20X current earning multiple to IDCC stock..I know that a lot of long term suffering IDCC stockholders ,if it was in their power, would grant amnesty to Nokia and Samsung for their $200 Million due 2002,2003 royalty..which would only add some
$3 book value after taxes to the IDCC financial statement..But $3 in earnings per share for 2004 would add significantly more to IDCC's stock price, market cap, and provide Management with far more SCRIP to make further acquisitions..

Do you think my 2G and 3G handset numbers are accurate?

Where can I find a reference point to total 3G infrastructure projections for 2005 and 2006?

Getting to a guesstimate number will be everyone an idea of what price point IDCC should achieve.