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Sunday, February 09, 2003 8:38:28 AM
I have read and reread your post 7999. I have been long IDCC since November 1999 and I bow to your more complete experience with the company.
Perhaps the most important part of your post is the idea is that we will collect for 3G even if we lose Ericy. If you assume that this idea is correct, the value of IDCC shares has to be in excess of its present market price EVEN FACTORING IN A LOSS TO ERICY. To put it another way, the market has already discounted a loss to Ericy. This defies reason since the odds are that IDCC will prevail in the Ericy case. Perhaps I am missing something. I have been in the market for a while but I can't remember a situation quite like this.
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