InterDigital Inc (IDCC)

[IDoCare]

It is a very complicated deal in so many ways and that is why the process is taking so long, which IMO is good news. When this process started many believed that it would not take very long and made their bets accordingly. Unfortunately for many, this longer than expected process has caused the SP to deteriorate to its present level which does not surprise me at all.

Do people really believe the SP would hold in the 70-80 range (esp. in this market) after such a long delay? There are some that believe that the current SP is a reflection of NO sale or where the eventual SP will be. I for one do not believe the BOD would have started this process without having the confidence that their asking price was achievable!

I would like to reiterate from a previous post:

Do any IDCC longs really believe that the BOD would have put the company up for sale for less than $100 per share, given our fundamentals?

Do you believe that they would have hired Evercore to broker the sale unless there were some "serious" bidders who could meet their minimum? (I'm assuming that Evercore will get paid a large fee even if no deal gets done, ie: there must be "serious" interest to proceed.)

Do you believe that the BOD would have begun this process, which is very "disruptive" to the company's "business as usual", if there was not some "serious" interest?

Do you believe that the BOD would have begun this process, which allows the bidders to gain confidential information about IDCC, if there was not some "serious" interest?

This is a huge decision that the BOD is not taking lightly. I believe a good deal will get done but also believe that if a deal does not get done, there will be a temporary setback to "business as usual", but long term, the fundamentals will determine our future value.