InterDigital Inc (IDCC)

[Corp_Buyer]

LTI Bonus Grant Value

Ronnie, do your calculations reflect that the total NEW LTI BONUS VALUE GRANTED per year (not the amount actually expensed each year) were about:

* Bonus Granted in 2004 (for 2003 performance) = $9M ?
* Bonus Granted in 2005 (for 2004 performance) = $16M ?

i.e. PRIOR 2 YEAR NEW LTI BONUS PLAN GRANTS = ~$25M total ??

Did the BoD actually grant ~$25M just for new BONUSES to about 100 folks, not including their "regular" bonuses from the prior plan that is still in effect, and also not including any stock options which may also have been granted?

Can anyone PLEASE explain what extraordinary accomplishments management has actually achieved in 2003 and 2004 to possibly justify ~$25M in NEW LTI BONUS GRANTS?

Does it seem that the new LTI bonuses have become expected compensation for lackluster, business as usual, performance?

IMO, grants of $25M to our management team for the past 2 years is excessive and needless.

Where is the shareholder alignment?

TIA,
Corp_Buyer