InterDigital Inc (IDCC)

[paheka]

Hey guys..i talked with Sarah Wang and she told me that Barclays has a complete firewall by SEC law between her department and the M/A department.When she made out the report she followed the strict compliance rules and only used the actual revenue numbers that were provided.
She did simply give IDCC the same valuation she had previously given them of $45 a share.she stated that because we had not signed LG she could not create value for us.
i gave her all the information of the ITC/CAFC situation and gave her my opinion as to why LG hadn't signed.I also asked her to take into the value of our IPR given the recent purchsae of similar IPR.
She agreed to take a look but she had her strict guidelines to follow within her own department.Thats the best she could do.."no promises".I think that she was fully within Barclays rules and really had no thought as to how this report might affect retail investors.It is what it is.The process is what it is.A CAFC decision or a buyout are the real game changers.She did agree that a CAFC decision going on for so long "might" be a positive for us.The affirmation of the ALJ should have been easy.The sending of the decision back is certainly harder ,so it takes more time.