InterDigital Inc (IDCC)

[JeffreyHF]

The substantial progress disclosure appeared intended to defuse harm to the stock that was about to result from Nokia being removed from the approaching ITC trial.While I have no doubt that it was true when made, final/binding agreements only occur when all terms and conditions are reduced to writing, and are executed by the parties. Negotiating with Nokia is negotiating with a moving target. They are masters of stroking and delay. The negotiations obviously stalled when the pressure of an ITC trial was relieved, and won't likely be finalized until shortly before the next trial date,IMHO.Their strategy is to obtain the longest period of forgiveness of past royalties, and to hold onto their cash as long as possible. What's important is that the walls are closing in, and they will ultimately sign.