InterDigital Inc (IDCC)

[F6]

nessco -- well, they certainly could be, at least to some extent

every extra option share is another dollar lost for every dollar the bid is less than what members of the BOD may then see as a reasonable discounted present value of the foreseeable near- to mid-term future value of a still-independent IDCC

and of course there is also the other side of it; assuming a bid is a stock-for-stock bid, even if it is seen as currently fairly priced, will the stock to be received in exchange, of the company then including IDCC, have any comparable potential for further growth in value following the takeover as a still-independent IDCC would have had going forward?

so anyway, those options are not absolute insurance against anything, but they could tend to help guide our current BOD to defer consideration of any offer until after certain additional objectives have been accomplished and the same have been factored into IDCC's stock price (my hope), or at the least to hold the bar pretty danged high in terms of any price they might consider in the meantime

for the record, I discount any argument that IDCC somehow 'needs' to be acquired, whether in order to be able to continue successfully executing its business plan, or to be able to come up with a good business plan, or to even just survive -- I just don't see any of that at all; I think the business plan is fine, and progress so far is fine -- I mention this only because it is the other classic argument (beyond "an offer that cannot be refused", i.e., the good/great price offer) that can be and often is made for a takeover