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Monday, April 28, 2003 1:03:22 PM
"My initial involvement here began when IDCC was trading at unjustifiably high levels and yet the word from the hypesters was that it was going much higher, to $100, $250, $1000 and beyond. That was just unrealistic and I didn't hold my thoughts on that back.
After I presented many specific facts why that was not going to happen, many who were invested in IDCC began to feel that I was bringing facts and information to the table that was hindering their ability to unload their shares at a profit. People here were quite rude towards my sincere participation and they wanted me to stop posting the information where all could see it for what it was. They wanted me to leave. I made a deal, I would leave if and when IDCC reached $82/share (it's 52 week high at the time) and stayed above that price through two consecutive quarterly earnings releases. Many of the brainwashed thought I would soon be gone. But it was not to be.
In the meantime I have debated many specific points regarding IDCC with the local hypesters and my batting average is almost a perfect 1.000. Of all those issues and over 3000 posts I have only been wrong three or four times. A pretty accurate record. The humorous thing is that after these "vigorous" debates, the clubhouse folk eventually end up adopting the views they had been arguing were so incorrect. It just takes a little time and a pile of evidence to convince them. Actually, they generally have had to pressure the company on the specific points I have raised and the company generally and reluctantly admits it is as I have been arguing. Or enough time passes to prove my predictions correct regarding adoption of WCDMA, technical delays, inferior efficiency, high cost, short battery life, lack of handsets, dropped calles, etc.
Remember when all those new IDCC licensees were just around the corner and I argued that was not the case, this would take a long time to resolve itself and even then it was not likely to be anywhere near as lucrative as many were expecting?
Remember when they were arguing that CDMA2000 was all just hype, a narrowband disaster, an Irwin Jacobs pipe dream? Now look at the success it has had and it's performance has proven to be robust and reliable in many real world environments and it's deployment was on schedule, unlike that of WCDMA which is off to a very rocky start.
I could go on and on but you will just have to go back to march, april, may, june, july of 2000 and see for yourself, it's all recorded right here on RB.
Once"
The best way to convince a fool that he is wrong is to let him have his own way.
~ ~ ~ Josh Billings
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