Davenport research report
My thanks to Jim for getting the report to post here. It is important for IDCC investors to know what the analysts are thinking. I appreciate those who pointed out specific points where Mr. Skeels' opinion appears to be a "worst case" perspective, such as no revenue increases from this year to next and using the Q1 expenses that included a surge in legal expenses that are unlikely to remain that high.
His opinion seems to be a reflection of the street's perception of IDCC, especially the lack of revenues from LG after 2010. I do believe that IDCC is working hard on LG and Nokia. While I am far more optimistic about their success in getting contracts done than the share price indicates the street is, signing LG is a major concern of mine.
Unfortunately we also have to read the "see no evil, hear no evil and speak no evil" posters who add nothing and just malign the analyst who shares his report for free, courtesy of Jim's work. Let's see AMCSATX's articulate rebuttal...
very conservative Yes, it is conservative. Clients don't get too upset if you underestimate, but if you throw out overly optimistic projections, they can get burned and angry. He's not out to pump up the fans, but to advise his clients.
very timidly written What has management done in the past decade that would justify someone being outspoken about imminent good news?
no ballz Crude and insulting. I believe his clients are looking for considered, conservative opinions for investments, not speculative high risk-high return calls. If you want that type of maniacal analysis, watch Cramer.
DavenPuss Sooo clever. He posts his opinions with his name on them. He will be judged on his history. That's a lot ballsier then making critical generalities and sophomoric insults anonymously. Other than the analyst that had a hissy fit and put a $13 price target when IDCC was in the high teens, it's hard to find overly conservative reports from the past on IDCC.
What is the point of your post? Is it to shame Mr. Skeels? To discourage posting any non-positive information on the board? To me, it adds nothing and has the potential to limit future access to important information.
