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Re: zombywolf post# 325799

Friday, 07/22/2011 11:04:25 AM

Friday, July 22, 2011 11:04:25 AM

Post# of 432703
Accepting $13B would not breach fiduciary duty

as the deal would still have to be approved by the shareholders. Not putting the best deal up to a vote by the shareholders would be breaching the fiduciary duty.

If the IDCC BOD accepts a purchase price below $13 B, then IMHO they have breached their duty as a fiduciary in this situation.



Turning your nose up at $230 a share? Too expensive to buy? Are you high? If IDCC could sign long term contracts with >90% of the market and generate $10 a share in earnings now with growth as sales increase, then they could get to the $260 share price on fundamentals. I don't see that happening quickly, so getting anything close to that will thrill me, and I am happy to say that I am certain it would be approved by almost all shareholders.
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