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Thursday, May 05, 2005 11:22:17 AM
Well I guess this just proves that many different people looking at the same event can draw different conclusions. Totally opposite conclusions.
I think that the timing was AWFUL.
It would have been better AFTER the arb result--whichever way it goes.
If we won, HG and R.I.P Tilden could ride off into the sunset as heros, giving appropriate credit to Wm Merritt as he rides in, the new sherriff in town.
If we lost, they could have been the sacrificial lambs.
Now if we lose, Merritt will start out with the albatross of the loss around his neck and pretty much his neck alone (departed scapegoats are never as satisfying).
More important, I'll say again, this was handled TERRIBLY! The signal sent out was one of a company in turmoil. The lack of anything more than (to quote Jimlur) "the typical bs story one would expect" leaves the market to assume and speculate about the worst.
Again, it ain't enough to say "smooth transition." IDCC COULD have worked to create the appearance of it, even if there was turmoil behind the scenes.
I think that the signal sent both to the market AND to NOK, LU, Samsung, is one of weakness NOT strength. This can only hurt us in any settlement negotiations that are going on or will go on in any or all of these litigations.
Jim, this does prove one thing to me. You could put a positive spin on almost anything. With all due respect.
I just don't happen to agree that the timing was good OR that this was handled well. In fact, quite the opposite. I think the timing was TERRIBLE and this couldn't have been handled any worse than it was.
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