InterDigital Inc (IDCC)

[vg_future]

From the CC

Tom Carpenter's question

Tom Carpenter – Hilliard Lyons

Later on this year, you guys are getting another $100 million from Samsung. I think right now, you are right about $10 per share in cash and if you get that, you will be closer to $12. When you subtract cash from your current market cap, the market is giving you guys about a $660 million market cap and I would think at minimum, your patents are worth $1 billion. So there seems to be a disconnect between investors and what you guys are capable of. Can you talk about, I know you guys are obviously working on closing deals and things of that nature, but how can you convey your 4G, LTE, WiMAX, machine to machine, and all the patents you guys have to the Street? I know you guys are going to continue to be a cash flow machine in the next generation of technology.

I think the disconnect is the analysts not counting these in their valuations and targets (I think even Tom's target doesn't reflect this). Anyway, hope TC uses the above valuation and comes with a target that is north of $40 to $45.

JMHO,
vg_future