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Re: Danny Detail post# 23077

Tuesday, 05/06/2003 7:59:40 PM

Tuesday, May 06, 2003 7:59:40 PM

Post# of 432690
Danny, I'm confused

Like me, you tend to go on a bit. Could you boil it down for me as to why you feel options would be good for IDCC. I don't know if you've been following the posts lately, but I cannot see a good reason for it.

To be brief:
*Management projects huge cash flow, so cash will be available for our needs.
*I expect the stock price to be rising. Why pay with rising stock than cash?
*As far as incenting, the ESPP and current option plans, along with the basic integrity of doing the job you're paid for to the best of your ability should be adequate.
*I don't see how these options are going to increase value to the company or not granting options will cost the company, so avoiding dilution will maximize shareholder value.

What am I missing? I appreciate your thoughts as I have respect for your background and intelligence. If I'm overlooking something important that will result in a higher share price by authorizing five million more shares to be used please tell me.

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