Well, I know when you try to form a realistic valuation of Interdigital it becomes very hard to add in many other assets that don't seem to have an actual added value to add to the numbers.
In trying to do some deeper thinking I've thought about the actual engineers that work for IDCC. I remember when Interdigital opened its Canadain office. I only, at the time partially understood of why such a move was good for the company. I wondered with so many other things going on with in the company at that time how will this effect the companies future. Then Interdigital started hiring engineers from Canada. My thought then was, Interdigital was wanting to expand its research and developement.
But now I think, just maybe Interdigital at the time had the smarts to look into the future and hire Nortels unemployed engineers. At this time if this is true, what value can you put on the valuation of the knowledge these engineers brought with them to Interdigital from Nortel. If I remember right Nortel had quite an extensive research and developement department when they had to start laying off employees and engineers. In my thought process these same engineers developed and worked with Nortels IPR technology. How much is that worth to someone that bought Nortels patents? I'm becoming a bigger beleiver in M Partners valuation numbers of between $120 to $167 share. Except if a bidder wants to keep the IPR from falling into the hands of company that might use the IPR against them. I really beleive theres been so much speculation here about the valuation of the company, it really now makes no sense to continue to do so anymore but just wait and see what the company brings. Otherwise we are all going to go crazy trying to figure it out and we'll probably still be wrong.so whats the point?
Best to all of us longs in this venture!
MooseO
