InterDigital Inc (IDCC)

[The Count]

One reason not to vote yes on your proxy

The stock price has done exceptionally well, therefore I owe it to management.

Management is doing the job they are paid to do. They have very little effect on the stock price – they affect the company’s results. Investors look at the current and expected future of the company and buy stocks they feel are undervalued. With all the gambling talk on the board lately, let me put it this way.

I have been known to bet on sports on occasion. If I bet on the Giants and they win thanks to two home runs by Barry Bonds, I don’t feel any need to send him some money because I profited from expecting him and his team to succeed. My risk, my reward. If he struck out 4 times and lost I KNOW he would not feel any obligation to send me a few bucks, and neither would management (nor should they). My risk, my loss.