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Re: GD post# 333384

Wednesday, 08/24/2011 4:00:05 PM

Wednesday, August 24, 2011 4:00:05 PM

Post# of 435866
Look, I just don't see how $6 Billion is reasonable in this war-like patent environment. Nortel's 6,000 patents sold for $4.5B. If just comparing apples to apples, IDCC has 8,800 patents with additional 10,000 pending. That's 3x Nortel which were 3 years old and only 3% LTE. The direct comparison would be that IDCC is worth 3x Nortel, or $12.5 Billion. Many analysts, as well as Merritt state confidently that IDCC pool is "deeper and stronger" than Nortels.

Then add on top of that 180 working engineers, seats on the standards bodies, M2M, video compression, etc. I don't see that $100 bucks a share (4.5Billion) is going to stand. The bidding may start there, but I see it quickly escalating into MPartners range of $118-$167. Apple alone can save $3 to $10 Billion by owning IDCC's patents for the next few years.
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