InterDigital Inc (IDCC)

[The Count]

Buyout

I would hope and expect our management to encourage others to make offers if they were to be seriously considering a buyout so we could get the best price. However, I do think they would be focused nearly as much on the parachute (golden, no... make it platinum) as the pay load that falls below. There are people who make a fine living in arranging future options and other perks to make sure the decision makers get full value for their stake to make them more receptive to offers.

The good news (from my perspective) is that insiders have been continuing to sell to turn stock into spendable cash or other investments. That indicates to me that they do not know of a sure thing (like a buyout) coming in the immediate future. If IDCC can execute its business plan and if its IPR is essential, then I don't believe a bird in the hand is worth what's sitting out in those bushes.

I would not be surprised to see significant news sometime soon. Unlike most stocks, when the rumor mill is quiet, the volume is slack and the volatility is low is when IDCC tends to have news. Management deserves credit for preventing leaks prior to news being released.