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Tuesday, August 24, 2004 5:59:04 PM
Key point, why bitch at IDCC BOD & management and us on the IDCC board that will wait till it's well above "market value" before "we" sell? Why not bitch at the "street" or "market value" makers?
The "street" and the "market value" makers have no obligation or interest in making any particular stock, including IDCC, perform well. They vote with their dollars for their own best interest. IDCC management does have a responsibility to make IDCC succeed. While I know it makes some of you crazy to hear it, that responsibility is to the IDCC shareholders.
If IDCC had resolved 2G, were signing 3G licenses regularly and projected recurring earnings of over $2 per share for 2004 with significant licensing still in progress and we were valued here, then I would be screaming to get the word out to the market because they are missing obvious value. I couldn't blame management for the low stock price if they were executing their stated plan and making real, measurable progress towards getting the bulk of the market licensed at decent (.4% - 1%) rates. Until their execution improves, they will be criticized and second guessed.
I do agree with you that it is ineffective to complain on a message board, however sometimes it does help to vent one's frustrations. So those who are bothered by the "negative", "whining", "complaing" and "bitching" about IDCC should use the ignore button or accept the fact that those posts aren't going to stop as long as the share price is down. And those who are bothered by the "if you can't say anything nice about IDCC, then don't say anything at all" crowd should use the ignore button or accept the fact that those folks are going to growl and snipe at any unkind comments directed at IDCC.
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