F6, I wouldn't be so confident about it when you said:
"I believe IDCC's pill triggers automatically once the wire is tripped"
I owned stock in a company that had almost the identical poison pill as IDCC has. It seemed that I received notice of the adoption of both right around the same time. Their pill was to be triggered in the event of a hostile takeover attempt. The thing is, the company was sold but it was not hostile since it was a partial management buyout so the BOD went right along with it and for significantly less than what the price was in the pill.
The name of the company was Medcath and it was bought out at I think $19 when the pill was somewhere around $45. At the time of the announcement the stock was trading at around 14 so there was a premium to the market price but nowhere near where the pill was set at. To add insult to injury for many stockholders of that company, the company had a secondary offering (or maybe its called a follow on offering?) at $28 about one or two years before management agreed to the buyout. So this management team raised money on wall street at 28, then a year or two later bought back all the shares at 19. Luckily for me I was just someone who bought in at an average of about 12 so I made money on my investment but it did teach me that the pill that IDCC has will not help in certain situations. This is all JMHO but if my memory of events is correct, and I am sure it is, the management could ignore the provisions of the pill as they did with Medcath about 6 or 7 years ago.
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