InterDigital Inc (IDCC)

[Jean-Michel RIOND]

Broken, a lot of us are hoping news next week. Don't you think that recently we have been fucusing too much on this CC and that it has become the "now or never" case ? I've read again the Halpern's report and Marsala is much more patient, for the Nok/Samsung deal for example:

Nokia and Samsung might not reach agreement. There is no assurance that either Nokia or Samsung will agree with
IDCC as to the applicability of the licensing terms between IDCC and Ericsson and Sony Ericsson. The MFL terms
include provisions for a period of review, negotiation, and dispute resolution with regard to the determination of royalty
obligations of Nokia and Samsung and so we believe these will not be matters that will require litigation and/or arbitration
to complete. We have in included our estimate of the Nokia and Samsung revenues and cash flows in our forecast for the
second half of 2003.

I'm much more nervous about the dilution.