InterDigital Inc (IDCC)

[The Count]

Sorry, I'm not an ostrich

I don't close my eyes to the future, even if it is a potential negative. It's not like this is a secret that we're exposing. It is a major risk to the share price, and IMO one of the factors keeping IDCC's valuation so low.

When looking at PE's, investors commonly look at current and next year PE ratios, as well as growth rates. Many here want to look at the results and growth through 2010, then moan about how there is a conspiricy to keep the lid on the price, conveniently ignoring the very real concern to many investors, albeit the minority on this board, that LG may not renew, and 2011 will not be as good as 2010. To ignore that possibility, and any other possibility, is not wise.

If you think LG is a slam dunk, load up. IMO, if IDCC were to sign an LG renewal on the same terms as the last contract, we're looking at the mid 30s very quickly. No, I wouldn't expect LG to be signed by now, but given the current circumstances, I don't think that a prepayment discount is enough of an incentive to sign. I won't belabor the point as this discussion does upset some. I've had my say and don't need to convince anyone.

So you can play see no evil, hear no evil, speak no evil if you like, but I need to manage my investment based on what I believe is likely, not what I hope.