InterDigital Inc (IDCC)

[ziploc_1]

fmilt: the CC of 3/17 was unusual in the amount of optimism about NOK paying us that bubbled forth. (In fact it was so much so that the share price shot up about 10 points from 14 the day before the CC to over 24 nine days later). You say "Isolated sales can be explained as personal needs. Widespread sales tell me that there is uncertainty in the near term. Doesn’t mean that Nokia won’t accept the ERICY rate without arbitration or that the indemnification is not going to be a significant barrier to licensing, but it means that the management of IDCC wasn’t sure of it when they sold." I believe that management was being sincere with us in the CC and that they had legal opinions to back up their optimism. I do not believe that they would have presented one set of opinions for us and then another when they spoke privately to each other. I will admit though that I am puzzled by these insider sales.