Marchma--Question on Tilden. In March of 2003, Tilden filed a planned sale of 68,669 shares estimated at $1,549,1721. I did not find any indication of whether these sales actually occurred. I was wondering if you could shed any light on this filing and whether he ever sold those shares in 03. In addition to his stock sale profits, let us not forget he also makes a salary of $369,000 per year. I agree with you, it does not send a good message to the investment community, especially with the massive insider unloading after the announcement of the Ericy settlement and anticipated Nokia-Samsung revenue and the subsequent debacle when arbitration was announced shortly thereafter. The difference in insider sales between IDCC and well-established companies, is that IDCC has not yet proven itself with regard to its ability to bring in the big licensees in 3G and was never able to do it with 2G. That is why this type of insider selling impacts investor confidence in whether the company can deliver. I believe that in the long run, it does not have an impact, but it can and does destroy short-term momentum, especially in a stock with a history of option writing manipulation. Look at the open interest of 1.6 million shares at risk on the 22.5 and 25 strike prices if the stock closes above 25 at January expiration and you will see how this type of sale plays into the option writers. Thank you for your work.
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