FWIW....gonna vote both of my IDCC shares "FOR" Harry and the other directors based on the following facts and opinions:
1) Harry has been successful in defending IPR in a lawsuit that was appealed all the way to the U.S. Supreme Court. All he had to work with in THAT legal initiative was a shade of green described as "GreenGold" in his company trade mark. He hired top gun legal counsel to represent him in that initiative and he stayed the course until he got everything he felt he was due.
I LIKE that set of facts a whole lot in the guy calling the shots at InterDigital right now, and do not want to see anybody else BUT Harry standing toe-to-toe with the likes of Nokia until the last shot has been fired.
2) Harry built a personal fortune the "old fashioned way" in another tough industry before he became involved with InterDigital, i.e., he earned it! I like that a lot in a guy who has to stand firm against the likes of Nokia and Motorola until they agree to pay all that InterDigital has coming. It takes somebody with a steel backbone to stay the course when much bigger firms make offers that are well below what you think is fair and threaten "Take this, or get ready to fight ALL of us!".
3) My biggest worry with IDCC is seeing it get bought out before the market has all the facts it needs to value it fully. The firm has an adequate defense against hostile takeovers, but we need to have a management willing to use it or it's worthless. I'm thinking buyout players would have a mighty tough time finding a way to entice our Harry into going along with their plans at anything less than his full estimated valuation of the firm going forward. Why would Harry be interesting in accepting anything less just to get a big title, salary, and jetset perks in somebody else's firm?
No doubt that there are some more glamorous "whiz kids" and plenty of big name "hotshots" that are willing to take Harry's seat as Chairman at InterDigital. This IDCC investor does not want to risk having a smooth talking role model from central casting take over and then cave in to licensing rates way lower than we deserve. Not at this point.
This investor wants a guy sitting behind those IDCC gunsights who knows how to stay focused and keep shooting until the Nokia, Samsung, and Motorola beasts have been put down and rolled over. Harry is my guy to get what we have coming from those bully pikers.
Quick take on the other mgmt changes you questioned in the ref post;
IMO Lomp was a very capable engineer, but his ego had him demanding to be CEO at a time when something other than technical expertise was needed. He quit to be CEO of his own firm and is now back to being a very capable lead engineer at another firm. No fault there on anybody IMO.
Guessing that Papenella was a product guy hired to manage the B-CDMA product program. Maybe when that program proved to be commercially unworkable there was no other product horse for him to ride at InterDigital.
Let's take a look at how much things changed from the time Gercenstein was hired until he departed from the CEO position. He was hired about the time Nokia settled up on paying for 2G sales through 2002 and also tapped InterDigital to be their "development partner" on WTDD. Things looked rosy. Gercenstein had great credentials and certainly appeared to have the "right stuff" to be a great CEO at an InterDigital operating in partnership with Nokia.
Things changed. Nokia's white hat fell off and exposed big nasty horns pointed right at InterDigital's gut. When that happened the IDCC CEO role switched from corporate cheerleader to battle commander vs Nokia(and others). IMO colorful pitch men who "shoot from the hip" like we saw Gercenstein doing in his CNBC appearance are not likely to be the deep thinking detail type needed to lead an extended legal battle. From that point of view "exit Gercenstein/enter Goldberg" appeared to make perfect sense.
rthe timing of his appointment and departureNokia had just settled up with InterDigital to be their "development partner" Guessing he was hired
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