Concern about LG
I hope this answers all the questions/comments.
My post was in reply to the comment I printed in Italics...
LG signed w/o litigation and Pnokio before why wouldn't they do so again?
I've struggled to understand why IDCC's shareprice is so low in light of the fundamentals. The explanation I came up with is that the broader market is not convinced that IDCC's earnings in the future will continue at current levels and increase. What could cause them to go down? Not resigning licenses is the only reasonable explanation I can come up with. IF Kyocera had resigned and IDCC had signed Nokia, I would not be concerned about LG resigning. Given IDCC's problem signing contracts, I do have a concern. Samsung signed, but it was with the threat of an ITC decision in a few days. Without a motivating factor, why would LG renew?
I do realize that the contract is not up for renewal till the end of the year, so I would not expect a renewal yet, but looking forward I feel there is a risk of LG not resigning, and that would be a big blow to the fundamentals. The market looks ahead, and when we talk about IDCC future earnings are an important factor. Yet considering the risk of not resigning a current licensee is premature and should not be brought up? Especially when someone has asked "why wouldn't they do it again?". I just tried to answer.
My3, sorry I didn't rush to respond to you.
Net, they come in and post the sky is falling and they are so concerned and then they lite out like a thief.
I am a bit busy and I check out the board before I head off to bed. I didn't post the sky is falling, I posted that I am concerned about LG resigning. My future will be shaped by how my investments perform. My portfolio contains one stock, IDCC. I can't afford to have blind faith. I look for realistic expectations.
I gave my reasons for my concerns. I didn't see any responses that persuaded me that LG resigning should not be a concern. If it wasn't for the referenced post, I probably would not replied as I had little to add to my original post, I just expanded a bit. Obviously many disagree with my opinion and that's fine. I don't need to convince anyone. I share my opinion and I'm interested in reading other's thoughts to help me better understand my investment in IDCC. If I don't have anything new or constructive to add, I don't see the need to post. However I don't want to be characterized as a bash and run poster.
There are some encouraging signs. I like the things going on since Terry Clontz has replaced Harry. The recent signing of a new license, the addition of the new board member, the increased communication and the removal of the poison pill are all positive developments. I never said that IDCC wouldn't resign LG, I just said I was concerned.
Hopefully this answered the issues with my ost. I don't have much to add, so I will likely let any who reply to this have the last word. It's just my opinion and if you don't agree, that's fine. I try not to clog up the board too often with my ramblings as I do like to fully explain myself and my posts can be too long for most to read. I doubt more than a few have read this full post.
Good night all. I hope I wake up to news of an LG renewal tomorrow.
Frank
