InterDigital Inc (IDCC)

[The Count]

A very interesting report from Trantum

They obviously have done their research into IDCC. The report addresses specifics that go beyond a surface level analysis. I enjoyed reading it. I like the fact that they are not afraid to project based on their expectations, including some future events that may be turn out to be quite different. It isn't a best case or worst case, nor does it exclude likely future events. They clearly lay out there assumptions and thought process and come to a conclusion. I really liked their outlook for possible successes in China and with Wifi.

Overall I think it is a reasonable report. It is more optimistic than I am in some places, and I'm more optimistic about other areas, particularly 2010 net income. Given that they projected future events, it is likely that they will have some misses when events unfold. That's okay with me - I like getting a reasoned opinion that isn't shy about including results from projected activity in the future. Another good resource to help with our due diligence.

I hope they have initiated coverage and will be present on future conference calls. From the report, it looks like they could ask some very good questions.