InterDigital Inc (IDCC)

[0nceinalifetime]

CorpBuyer, it looks like you have been researching IDCC, good for you! I noticed you mentioned IDCC's stock buyback program (or, more accurately, the lack of it). Anyway, as I recall, management set up some parameters to limit the stock buyback. As I recall they never did buy back enough stock to consume even half of the funds allotted for buyback. I also recall that they were not allowed to pay over $10/share. I thought that was odd, it was like saying we don't think our stock is worth significantly more than $10/share.

Anyone know the current status of the stock buy-back program, ie., could IDCC continue buying shares if they were under $10 or do they plan to raise the limit so they can buy shares at current levels? Personally, I don't know why they would buy more now when they weren't even maxing out purchases when IDCC was under $10.

Any info appreciated,

Once