DannyD
Two things are going to make this company successful. The first is when the wireless manufacturers believe that IDCC has the essential patent claims for 3g as evidenced by licensing. The second is when 3g gets off the ground officially and is truly commercially viable.
Yes, I have voiced my opinion on a few deals that I thought were questionable, but I also gave them the benefit of the doubt because they were made during suevivor periods. I was not impressed with the CEO problems, losing coverage by an analyst, the 4 for 1 and spelling errors in job ads. These were learning experiences. However, that is not the issue at hand here today.
These guys entered into a deal with Nok that substantially lessened the value of the technology being used by 80% of the world wide wireless manufacturers. Ostensibly, the reasons were to gain an ally at the standards setting round table. It also allowed them to ramp up for 3g on Nokia's nickel although Nok later pulled the plug. Now IDCC has stated in SEC documents that it made 1000 contributions to the standards committee with around 600 being accepted. They have improved their patent prosecution over the years and they appear to be getting them awarded at a nice rate. Many things appear to be different than the old days. Several manufacturers are making 3g products on a daily basis and some for the last 3 years. Yet, the company only has 2 paying 3g licensees. This tends to make me somewhat skeptical, but it may still be the hangover from the past that will be cured with Nok finally coming on board.
Brad, I have been through many sets of management with this company and I continue to be invested because it is a gamble I just have to take. Many of my friends have left over the years and you are right because management, including present day, was the reason. I am going to hang in there despite Nok leaving the building 1 1/2 years ago with no replacement for engineering services to date and despite a glaring lack of licensing in 3g.
I do not know what the "O" word means and cannot comment.
Brad, I have stated that management does not need the additional 5 mil at this time. I am basing this opinion on the statements by HG. The BOD continues to like getting their money in advance as evidenced by the Ericy licenses. 24 month pre-payments are encouraged via discounts. I do not mind that they are treating the request for the amendment as they do the licensing. I do not think that they would say that they do not need the additional shares right now, but give it to us anyway. I expect that they are going to state as they have in their newest mailing. You can choose to believe it is urgent, but I do not. When they make a request for additional shares, it is an invitation to review their accomplishments. I am not as impressed as many because of the length of time that I have been invested and the results on the technology for which I tendered my first buck. However, if I was a newbie, I would be very impressed because my risk factor has gone to very little or zero for the next few years. It will still boil down to the two factors cited in the opening of my response. Present day management has severely discounted the value of the work of former management to gain an advantage in 3g which has yet to be evidenced monetarily. Will it? I do not know, but I have a lot riding on it. Skeptical rating remains a 4 on a 10 scale with 10 being the most skeptical.
My skepticism was the highest after the Ericy announcement and CC. If Mr. Merrit had been on that call and explained that Ericy and Ericy/Sony incurred reporting requirements on 1/1/2002 under the terms of the licenses, I would not have had my antennae up. One of the happiest days of my life with this company was reading the licensing language attached to the 10Q.
MO
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