InterDigital Inc (IDCC)

[Hardball]

Danny "Highly Doubt that any degree of company success will deter them from their objective..."


IMHO a high degree of company success makes the proposal a good one for shareholders!

Again, my objection to it is that it is premature since IDCC is way undervalued today relative to the true value of our IP.

However, IMHO it is very likely that a NOK arb win (IF they ever announce it) will be followed by a series of events--positive dominoes falling our way--which will result in IDCC being valued at or close to its real value--the value that many of us here see.

And at that point I think a declassified board and removal or weakening of the antitakeover provisions makes sense for shareholders.

I know that many dislike corb--but putting aside the personalities--if the scenario I outline above comes to be--a scenario I suspect you and I and many others agree about which is why we're long this stock--then what would your objections to the proposal be at that point?

Having researched the question it appears to me that Corp is essentially right about declassified boards and poision pills being bad for shareholder value by holding the share price down a significant percentage. My only objection was timing, I don't think the analysis applies to a company like IDCC at this time because it is so severely undervalued. Once we are fairly valued, I would support the proposal.