InterDigital Inc (IDCC)

[blueskywaves]

Thanks. It is becoming a waste of time dealing with anti-dilutionists who continue to suffer from a persistency of tunnel vision.

2003 is a transition year for IDCC. Baselines are being set. I don't think many people here have followed too many turnaround situations and understand just how difficult it is for a company to complete a turnaround, much less go from turnaround to growth. That's why they don't seem to appreciate the remarkable progress that IDCC --- a complete basketcase after the 1995 Motorola case --- has made to position themselves for growth in a global wireless industry with these clear uptrends.

 
              Global Subscriber        Global Handset 
                    Base                   Sales 
 .... 
 .... 
 1997               200M                  <100M 
 2002               1.1B                   423M 
 2004              ~1.4B                  >500M 
 

....
The global handset numbers are understated if Nokia and others continue to drive the handset replacement cycle faster. Handset replacement currently account for 25% of Nokia's sales.

Camera-phones and color screens are already driving that rate higher. Nokia, in particular, is responding to the strong challenges from Sharp, Samsung and NEC by planning to sell more than 45M camera/color phones in 2003 after selling less than 2M in 2002.