InterDigital Inc (IDCC)

[The Count]

IDCC's statement about sale progress updates

The company has not set a timetable for completion of the review process, and it does not intend to comment further regarding the review process unless a specific transaction is approved by the Board of Directors, the review process is concluded or it is otherwise determined that further disclosure is appropriate or required by law.

The "further disclosure is appropriate" portion means that they can and will make public what they want when they want. They wisely did not put a self imposed gag order on themselves, they just wanted to preemptively say "no comment" to the hundreds of questions that would've been forthcoming. That being said, my experience with IDCC over a decade plus tells me they won't make a peep until they have a legal obligation to do so.

I don't think today's action indicates insider trading. As people look into the situation in more depth, more are seeing the strong likelihood that IDCC will be bought out at a level higher than this, potentially much higher.