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Re: Desert dweller post# 21632

Tuesday, 04/29/2003 2:46:10 PM

Tuesday, April 29, 2003 2:46:10 PM

Post# of 432922
To me and most people who fully understand it, that is a BFD when you look at the fact that as recently as 1998, there were less than 50,000,000 shares outstanding.

Excuse me, but IDCC was a financial basketcase in 1998 before the Nokia deal in early 1999. If you know how to read cash flow statements then you would know that IDCC was able to finance its cash burn in part because of the cash it generated from the exercise of options. In fact, the argument can be made that access to this type of equity financing allowed IDCC to project a stronger balance sheet which, in turn, allowed it to present a stronger bargaining position.
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