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Re: Danny Detail post# 24093

Sunday, 05/11/2003 5:27:30 PM

Sunday, May 11, 2003 5:27:30 PM

Post# of 435773
DannyD re getting the message and taking credit

Just to set the record straight, I have to disagree with your following comment: “You take credit for the management changes that have happened and I don't believe those changes have anything to do with your efforts or those of anyone else on this board.” Nowhere have I directly taken credit for perceived positive changes at IDCC, although that was certainly the goal of the confrontation efforts. First there were others beside myself who were actively confronting IDCC’s management with concerns re compensation, options/share dilution, disclosures, corporate governance issues, etc. Some of these were institutional investors also. Second these perceived changes for the better might have been just coincidental, although I would like to think that OUR confrontations with management had some positive impact.

From a recent post of mine:

….”(Added Note: To IDCC's credit, bonuses to the five highest paid executives were reduced in 2002 compared to 2001. Also no options were granted to the top five executives in 2002, except for a very minor grant to Briancon. Other IDCC managers and directors did receive option grants in 2002 though. Did they get the message regarding excessive executive compensation, or was it just coincidence that bonuses and option grants to the five highest paid executives decreased in 2002 compared to 2001? Probably coincidence.)”

A concluding excerpt from one of my emails to the BOD as follows:

...”I believe that the time is ripe for shareholders to be more vocal about getting their company’s to return whole-heartedly and quickly to their fiduciary responsibilities. If corporate insiders appear to be doing things that are not in my best interests, then I have a right and I believe a duty to voice my concerns. And that’s what I am doing.”

The above excerpt leads me to your following question:

...”I have not seen you post anything for several months about any dialogue, oral or written, that you have had with anyone at IDCC. Have you had any?”

The last time I talked to anyone at IDCC was in October. I knew that my decision to directly confront IDCC’s BOD with detailed shareholder concerns might very well cut-off direct dialogue with anyone at IDCC. Although I still requested dialogue in my emails, no one from IDCC contacted me after October. However I still think my decision to confront IDCC on certain issues was the appropriate one. I would much rather have IDCC change some of its ways for the long-term betterment of the outside shareholders, then to have them directly communicate with me regarding specific questions.


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