InterDigital Inc (IDCC)

[SSALNER]

Anyone,
What kind of an insurance policy were we paying premiums on that we have to reimburse the insurer. What's the purpose of the insurance?

I can see if we were reimbursed legal fees via the courts or settlement and were required to pay Federal but this doesnt make much sense to a regular joe. Pay premiums, act on the policy that the premiums were paid for and then reimburse Federal?

Also, just seems to me that IDCC should have accrued for this potential liability unless they were certain or at least almost certain that the no consideration argument would hold up. We have had plenty of bad years to bury this exposure in. It didnt have to be accrued in a single year but rather over a long period of time. Jeez, this company was run by legal guys.

The way this board picks apart every single move of this company.......it seeems to me that since this hasnt been part of the everyday tear the company down campaign that even the naysayers have to be caught off guard by this.

One more obstacle in the road ahead! Perhaps they can offset this with some licensing news.

Best of luck.
ssalner