InterDigital Inc (IDCC)

[jai]

Many Keys

Reading every analyst report and listening to every call in the last 11 years leads me to beleive that their are many keys to this investment.

1. Insider Buying - Carpenters reports have repeatively stated that the insiders should be doing market purchases of shares. Bill Naz's famos cursing call when our overpaid reject from H&R Block CFO gave a big "Duh" answer for why IDCC would not buy shares with both hands and feet when the stock price was $18 a share. Think about the message that that sends to potential investors. At $18 a share with $8-10 cash our management sent a message to the world that IDCC was not worth investing reserve cash or their own personal money. They stated oppoortunities that they can use the cash for. Well investors say hmmm, if they think their are bteer opportunities to put cash to work then IDCC stock then we better look for them elsewhere.

2. Over playing the Hand - This should be a technology company which uses laws suits to protect inventions. Rolling the dice at the ITC was a big gamble. The problem is Merrit made everyone beleive that he had pocket aces and went "all in". The fact is he/we lost and the hand was played badly. Prior to the decision Merrit made statements like "We had an offer which we would have took several years ago but not now". Well the objective of any good CEO is to make good solid business deals which benefit its shareholders. If a deal was on the table then they should have negociated it thru and get it done. He gambled that he'd get a better deal if he had an ITC decision and we lost.

3. Definition of Insanity - Doing the same thing over and over. We got $500-$600 million in the bank and still have sub par people doing the same jobs and over compensating them. Head of HR and CFO (Clown Financial Offender) have not been able to bring in one major brokerage house. And they can even bring in a lot of little ones. These guys are paid well and don't know how to play the game. IDCC needs to bring in real talent that understands how the street works. Guys with Rolerdexs who can bring investment houses to the table.

Okay, I feel better, Now lets hope for a good ASM.