L2vest:I Disagree on this one
Assuming IDCC wins big as most of us expect, I expect that Corp's proposal will actually make a lot more sense than it does at the moment. With that win acting as a catalyst to settlement with Samsung, a possible resolution of the LU litigation, some of the other infringers paying up for 2G/2.5G and some 3G licenses, the stock should start to get a value consistent with the value of the IP we own.
And at that point a declassified board makes sense, and so does a weakening or elimination of the other anti hostile takeover provisions.
No doubt that the consensus in academia and the business community seems to be that classified boards and poision pills act to suppress the stock price significantly (10% or more) in most situations.
My opposition to the proposal was that I don't think IDCC is fairly or fully valued at this time and for the time being those provisions serve to create the potential for a low ball takeover.
Later on I think the provisions would favor shareholders.
AND I do agree with corp that IDCC executive and BOD compensation is excessive. It wouldn't bother me so much if the company were performing better, but IMHO it is hard to deny.
I do NOT agree with corp about many things and I tend to think he gives all blame and no credit to HC and I don't find that to be fair or balanced. Of course I don't find FOX news to be fair or balanced either but that is JMHO
PS: I hope we can agree to disagree civilly about this--I have a lot of respect for your contributions!
Regards
AI
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