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Re: Corp_Buyer post# 88759

Saturday, 01/01/2005 2:43:54 PM

Saturday, January 01, 2005 2:43:54 PM

Post# of 435762
Corp, A simple response from one share holder to another.

You had a few comments, I offer a opinion to each.

“”It seems Rip prefers to invest in and hold stocks OTHER THAN IDCC. Maybe Rip's consistent actions over the years imply a management process to take as much personal cash from the company as possible while diluting investors as much as possible? “”

Investing in other stocks. He better be, it is the smartest thing to do and the one of the first things a planner will mention. I see no issue with that . I myself have a max cap of 10 percent per stock which I rarely exceed and only then on a quick trade. Yes, they all better be and we all better be.

“”It seems our management team is not truly aligned with shareholders to drive profitability of the company and the stock value””

Very few management teams are aligned with shareholders, think about that one a bit and ask yourself why would they be. Two different goals here and a conflict of direction and time not to mention shareholder changeover. A new voice guiding every other day, please. For more information please see trading volume and reasons for.

“”Even analyst Tom Carpenter and one of our largest institutional owners (Heartland) have complained openly about the personal management greed at IDCC. In addition to the complaints by analysts and institutions about our CoB, Harry, IMO, Rip is a very expensive excess baggage "hanger-on" COO that serves no great value to the company other than as a Mr. Outside to fill just some of Howard Goldberg's deficiencies as CEO””

Yet they still buy in. I guess analysts are not aligned with management either. Nor should they considering both job descriptions. Think about what would happen if they did.

“””Specifically, it seems Rip's main purpose (other than to collect a fortune from investors) is to speak well and give presentations at "outside" events like investor conferences. I don't see why an IPR company needs a COO, and especially one that is not aligned with shareholders when it comes to driving profitable operations and our stock value”””

If that is Rip’s main purpose than perhaps IDCC should consider getting a game show host instead. Perhaps there is more, while I don’t see it , it doesn’t matter, he has already burned all the bridges for any creditability with me anyway, but also I didn't buy the company because Rip was here.

“”Instead of one very experienced and competent CEO, we have two incomplete very expensive overcompensated Mr. Inside (Howard) plus a Mr. Outside (Rip).””

Best we could get, they tried for sometime to fill the position, had one that lasted 9 mo or so. Remember this is not a Fortune 500 company here.

“””What investors need to keep site of is that all this redundancy, incompetence, excess spending, excess bonuses, excessive stock option and RSU grants, lack of cost controls, lack of profitability, lack of alignment with shareholders, etc. are costing us OWNERS DEARLY NOW AND IN THE FUTURE. This is money IMO wasted that comes right out of our portfolios and pockets.”””

No, all they have to do at this point for most investors is not screw up the arb, and not settle for pennies on the dollar for any settlement. At this point and as far as I’m concerned they can have all the options they want, just produce an effective end result.


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