InterDigital Inc (IDCC)

[Danny Detail]

Corp .. This is a two part question:

1. Tom Carpenter upgraded IDCC yesterday to a buy from a long-term buy. If you were Tom what would you do now given your apparent conclusion that the compensation costs at IDCC are even more excessive and outrageous than you thought before. Would you say nothing or issue a downgrade? If it is the latter would it be to long-term buy, hold or sell (or any other rating of your personal preference) and what would your target price be?

2. Given that you are not Tom Carpenter and are not saddled with his past history of investment ratings and target prices for IDCC, imagine instead that you are a sell-side analyst who is about to initiate coverage of IDCC on Monday, what investment rating and target price would accompany your initial report and why?

TIA,
Brad Schaaf AKA Danny Detail