InterDigital Inc (IDCC)

[The Count]

Paying off the mortgage

Yes, paying off the mortgage with an 8% interest rate when there is a surplus of cash earning < 1% is a smart idea. It was something I thought they should do for a long time, however I recall someone from the company (probably Scott) stating that the mortgage had severe prepayment penalties.

From looking at the 12/31/08 financials, the mortgage balance was $977,000. It was reduced by ~$225,000 in 2008, so it appears that it has about four years remaining. The balance of the debt is capital lease obligations.