InterDigital Inc (IDCC)

[The Count]

Hi Mr. Dzr,

I don't know Count... granted today is a very good day, but it is kind of bittersweet to me. a month or so ago we were in the 30's and the slimchip was still in play, at least we thought it was.

The last month was bitter, today nothing but SWEET for me. I was never excited about producing a chip. What I love about IDCC's business model is that sales drop to the bottom line. A product would've definitely helped REVENUES, but the affect on net income wasn't so sure. It's a highly competitive market and you can take losses. In addition, IDCC would've needed to license from the folks they are trying to license, which may have muddied the waters in those negotiations. I was hoping IDCC could sell the SlimChip. I never had any big expectations for the product just because of the numerous large and experienced companies in the market.

The share price is still lower than a month ago, but it's back to where it was two months ago and is again looking very strong in relation to the overall market over most time frames. IDCC is significantly reducing expenses for the long term. This is a very good thing. It should help us get back to the 30's and beyond. I don't know how quickly it will come, but given IDCC's earnings, cash flow and incredible balance sheet, it is easily worth $40 a share IMO. I'm hoping this will help others see that value.

Frank