InterDigital Inc (IDCC)

[The Count]

What these announcements mean:

See Desert dweller's posts 82442 and 82445. Accurate and far better written than I could've done.

Bottom line, the change in accounting has absolutely NO AFFECT on how IDCC's business is doing. They were going to need to do it sooner or later, so I'm glad they got it out of the way. The partial reversal of the tax valuation allowance is a strong indication that IDCC is expecting taxable income and they were able to provide sufficient evidence to the auditors to convince them.

I think the tax offset provides a boost to the bottom line to help absorb the one time missed quarter of revenue, so this was a good opportunity to take this hit. I love the buyback. I believe IDCC is undervalued and I am thrilled to have IDCC reduce the dilution. A great use of the cash reserve.

I would also like to thank everyone for pretty much ignoring AiMlesS13SmugArrogantGoof. Replies just generate more useless babble.