InterDigital Inc (IDCC)

[The Count]

Thanks for the buyback KOP

IDCC share price is suffering from irrational depression. Unfortunately the only cash I have to invest right now is my small portion of IDCC's cash reserves. I'm very happy to have them increase my ownership by ~10% by investing a bit of that money into a great undervalued company. Markets are often irrational, however in the long run price will move towards true value. And I'm here for the long run.

With earnings likely to be over $2 a share for 2009 and over $3 a share in 2010, positive cash flow for both years (even with a big buy back), and a pristine balance sheet, I can't believe that IDCC value is less than $40 a share. So buy with both hands at these levels boys. It may not be the bottom, but IMO it is going to look damn cheap a year from now.

Frank