InterDigital Inc (IDCC)

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Mickey, in defense of sjratty, I think all he was saying is that we still don't know what that rate will be. It could be quite a small percentage and the one or two time payments should not be weighted much (if at all) when the actual royalty percentage (or amounts of recurring royalties) is key to valuing this company. We know there will be some recurring royalty. we just don't how much.

Seriously, didn't IDC have recurring royalties all through the 90's but had trouble peeking above $20 because the amounts were so small. Longevity also matters. For example, the recent 2G settlement with Ericy expires in 2006, 3 short years from now. Has anyone asked the company why they signed an agreement that will expire so soon when there will still be many millions of such devices in use? It has the net effect of inflating the recurring royalties in the short-term. I've learned to be quite sceptical of these agreements.

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