I think that we do have two legitimate gripes with management - 1) the continuing dilution of our holdings through an overly generous stock option plan; and 2) the weak showing of management in terms of investing in the company out of their own pockets. I voted to defeat the last option plan, and I will continue to oppose what I consider to be over-reaching by management whenever I see it. They are well paid. We don’t need to continue to transfer ownership of the company to retain our “fantastic” people. I don’t mind giving bonuses - generous ones at that - for performance, but the performance comes first in my office before I reward my employees. I have waited too many years for evidence of “fantastic” (at the management, not at the engineering level, where IDCC’s people have kept them at the forefront of this technology for a very long time).
I am not ready to say that management is inept and needs to be replaced just because the stock is not trading higher. IDCC is a pure IP play. I know that I miscalculated what I was getting into when I bought this stock, and I think that many others have as well. It took me too long to figure out that the big, rapid run to riches is very probably not going to happen. The flight to 82 was an anomaly unlikely to repeat itself. I expect that if we are not acquired, the company will have to continue to fight for 3G money just like it has for 2G, and will for 4G and 5G and whatever comes next, if they are still in business. It’s tough, but it’s the business IDCC is in. It doesn’t mean management is good, bad or otherwise. If they manage to pull things together in the way QCOM has they will be the exception and not the rule, and for that I will vote them all hefty bonuses.
Corpbuyer says “Here are the facts: A, B, C, and D. From those facts I conclude that management is corrupt, morally bankrupt, stupid and deserving of our undying hatred. Nevertheless, the company has some really cool stuff and if we could replace the bums, we could all get rich.”
Seems to me that he and I are doing the exact same thing - trying to figure out the best way to play this thing that will make us money. It doesn’t mean that he is a short. He bashes management, but he thinks that he has good cause. He doesn’t bash the underlying potential of IDCC - it has seduced him as much as it has many of us (me included - which is where I went wrong).
The only agenda we can reasonably infer from his posts is that he is trying to make money from this stock. If you don’t like him or if it upsets you, don’t read his stuff.
I don’t agree with all of his conclusions, but that doesn’t mean that he is trying to deceive me. For what? Our posts don’t control the price of this stock. A short in disguise? Please! Even if he is a short, why would I care? The only relevant inquiry is whether or not he (or any other poster) can provide any information that is of value to me, given my own personal criteria for decision making in connection with this stock.
How about the guys who say “I have a gut feeling that we are going to go up today, ” or “Bricks coming!” What is their agenda? To make the price rise? Not likely. Could it be that they have the same agenda as Corpbuyer - that is, to make money on their investment? Could it be that their observations are not meant to influence our buy/sell activities - that they merely reflect their wishful thinking? The passions of the poster? Their fervent prayers?
I won’t tell Corpbuyer to stop criticizing management. I won’t tell anyone else to stop defending them. Maybe we'll soon be toasting IDCC’s great success - it could be coming any day now...if only we’d get the right news release (LOL).
