InterDigital Inc (IDCC)

[j70k]

Obviously we are all just guessing as to what this strategic alternative will bring, so here goes my 2 cents worth. At this point we are probably down to 2 or 3 entities bidding for the company. IMO, the ideal scenario from InterDigital's perspective, is to keep the company intact, either as a wholly owned subsidiary, or as a going concern under private equity ownership. I don't think that business as usual is in the equation. The opportunity for private equity to offer a compelling price could never be better. Money is historically cheap, and this company has a lot of cash and no debt, with on going cash flows. They could embark on a sue 'em and sign 'em campaign for several years, without the encumberances of public ownership, and then offer an ipo that would make this deal look like printing money. When the convertible bond was issued, the first thing that came to mind, was LBO, and I think that this is definitely one of the options being considered, and one of the remaining entities still bidding for IDCC. JMO