InterDigital Inc (IDCC)

[0nceinalifetime]

Jim, I would just like to point out that your recent comment flies in the face of everything we have been told about 3G rates for the last few years:

"At one time we figured Sharp paid over $4.25 per phone. I think the rate will be cheaper for 3-G."

We have been told for years that IDCC has much more IPR in 3G than 2G and that 3G phones will have higher ASP's (average selling prices) and thus higher royalties. In your opinion, when did this outlook change and why do we continuously have to lower expectations from that which the "experts" have told us to expect?

Once