InterDigital Inc (IDCC)

[captainslog]

Investment of Century

Back in the day, a company with the kind of coiled spring that IDCC has today would be a $200 stock, without having to break a sweat.

Back then, aPE of 500 would be considered within 'normal' range as long as the earnings in 5 years or so would justify a really 'normal' PE 'today' like 30.

Those days are gone. Not to be seen again in most of our lifetimes.

Today, any kernal of doubt is reason enough to hold a company's stock price back.

While transparancy was a great thing back in the day, when a this board tried to help people by analysing the prospects wireless broadband.

To think that IDCC provides the IP kernal that brings wireless broadband to every single person to every single wireless device is awesome. IDCC's little IP switch allows the fat internet pipe to be instantly available almost anywere a cell phone goes.

The hottest new devices are from 'computer' companies like iPhone and the Curve.

Unfortunatly, optimism isn't what it used to be, but still, it isn't dead either.

At any moment, the market should undersatnd that a company with no debt, plenty of cash, 50% market share, IP in hottest products, and on, and on, and on, and on is a safe and prudent investemnt.

Irony, it seems, is not without a sense of humor, especiay for long time investors in IDCC. Just as 3G imports make it possible to nail the infringers, the market's darkest clouds since '73 or even '29 keep the stock at bay.

Transparancy now seems to serve as grist for those who profit from doubt.

Chin up boys, while you may not be vindicated with a $200, or $300 or $400 stock price, you had the winning horse all along, it's just the odds change mid race and instead of holding a 1,000 to 1 favorite, you ened up holding a 3 or 4 to 1 favorite, for now anyway.

No matter what anyone says. IDCC has the goods. IDCC will be in every single 3G wireless broadband device, and that is a powerful place to be now.