InterDigital Inc (IDCC)

[jai]

The problem with the $1.21 number is the March press release stating they would bring in $37.5 to $38.5 new revenue this quarter. The number came in at $35.7. Hitting that number was meaningless and cost us a headline. The issue here is the CFO needs a lesson in CISCO guidance 101. Make sure that when you give out your bottom number you can be hit. $35 to $38.5 would have given them a cushion and the eps prediction would have been lower.