InterDigital Inc (IDCC)

[hock1]

Ellix... Yeah, that's pretty much it. The last I checked IDCC's poison pill is in the form of a rights offering. Usually, rights offerings are triggered by some threshhold amount of stock having been acquired by an entity. So, the poison pill would not necessarily come into play under the scenario I laid out.

If an offer of $50 (or even $40) was made today, the Board of Director's would be taking a very serious risk in recommending against the tender. If the BOD were successful ( and that is a big "if") in convincing shareholders not to tender and the company's fortunes changed to the downside for any reason, they would be sued, no doubt. More likely, since insider's own so little stock, sadly the company would probably be sold at this low-ball price.