InterDigital Inc (IDCC)

[JeffreyHF]

The Net, you have identified an issue that causes me concern, as an IDCC shareholder. 60% of licensing revenues are now "fixed fee". Assuming the Nokia deal follows that template (which in my opinion is likely), the vast majority of royalty agreement revenues will be "fixed fee".Such agreements bargain away the upside from sales growth, especially in the out years, in favor of mathematical certainty and predictibility.In my opinion, we will be afforded a lower P/E, on a predominantly "fixed fee" schedule. That leaves SlimChip and engineering services revenues to be the upside growth driver, and they are not yet (and may never be) of the magnitude where they can pull that load.
Call me a fan of unit based royalty agreements, but don't call me insulting names for holding that opinion. (My "agenda" is the same as every other shareholder - I want the richest valuation put on IDCC stock as is possible.)