InterDigital Inc (IDCC)

[EconEli]

bluesky you are dead wrong, but nice try.

Again, the issue is how IDCC can take advantage of the interim period B-E-F-O-R-E the accounting rule change in early 2004. Assuming IDCC issues all 10M shares, for example, at an exercise price of $22, they stand to generate an extra $220M in cash without running it through their income statement. That's like a secondary offering.

No, again the issue is should we shareholders allow IDCC to take advantage of us. Your assumtions of 10M shares bringing in $220M as a "secondary offering" are uninformed at best, and beside the point. The point is, why should SHAREHOLDERS allow IDCC to stuff a total of nearly 40% dilution down our throats, when every conceivable reason for doing so has already been taken care of ("$9 in cash" etc).

Also, your logic that it is OK for any company to do something they know will not be allowed next year is astounding. The implication is that your type of thinking is a huge part of the reason why this economy has been in so much pain for the last few years.