InterDigital Inc (IDCC)

[gabeh]

Wi-Lan made a hostile bid after Mosaid rejected Wi-Lan private approaches. Since it was a hostile bid it had to be made public as it went to Mosaid shareholders and not to Mosaid management.

There was no negotiation and there was no second company involved.

A completely different process and has no bearing on what IDCC is doing.

IDCC HAS TO do this in complete secrecy so as not to disadvantage any shareholders who might get leaked info and also to keep bidders in the dark as to what other bidders/consortia may be doing.

THEY HAVE NO CHOICE.

All shareholders need to be concerned about is the final price agreed to should a deal be struck.

Sure, it would be great to know exactly what's going on, but that can never happen in a bidding process.

We had no prior info before the MMI deal or the Nortel deals were finalized.

In not saying anything IDCC is in effect saying "The process continues."