Good day all. Just some idle thoughts on a quiet day.
I usually have little to add to the scene here, but am still long. Pressure from domestic and world events outside of the Telecom industry have, IMO, prevented the IDCC stock price from rising to a more appropriate level.
Distress from tension and anxiety on the world scene is bound to keep the economy and Wall St. under wraps for the forseeable future. And since war and the threat of it is apparently going to rule our lives in this era of global policing, I think that this baby is not going to really fly until a whole new era of peace and prosperity arrives. That is too bad, as I imagined IDCC emerging sooner and stronger than has been apparently the case.
Still a great stock under the circumstances, and if a few world events go our way, things could pick up quickly. Of course, the world does not seem to agree with our leaders in regard to the Iraq war, but that doesn't usually stop countries from doing business with us. However, in times of war, and the constant threat of it, one can hardly expect the world economy to soar, to say the least. I just hope that we are doing the right thing.
And that ERICY trial....well we've all heard enough about that here. I guess we'll just see. I'm optimistic on that front at least. Again, I think the positive reaction to a win with ERICY (or settlement - I won't take sides here), will be muted if the politics of the war/threats of war/terrorism situation do not change to some very large extent.
You just can't beat these times for interesting possibilities. Let us pray, no matter what your politics on the matter, that we meet the future with a positive and fresh approach for our childrens sake first, and the economy and IDCC's sake second.
We all win that way.
Toby
