InterDigital Inc (IDCC)

[Hydro_gen]

L2V, from Tom Carpenter's report today, page 2 addresses the "prudent application" of free cash you cite in your third investment criteria:

• InterDigital’s response to our question about the share buyback was that the current share price represents a “good value.” Given the firm’s $125.4 million cash hoard (approximately $2 per share) at the end of 1Q04, the one million-share buyback barely dents its strong cash position. Additionally, the Sanyo deal calls for IDCC to receive a $27 million payment over the next six-to-nine months, further strengthening the balance sheet.

I will be curious as to their take on IDCC and what, btw, is their track record? tia

Hydro_gen

http://vertikalgroup.net/idccjuly2004.pdf