Replies to post #153609 on InterDigital Inc (IDCC)

[mschere]

Question..Do you think that Merritt would have used the word "MODEST", which he did..if IDCC actually left "$100 Million" of Nokia 3G money on the pre April 26 2006 table? TIA



I agree completely. But we must acknowledge that the $253M is now in the bank, on the books. A week ago this was not the case and regardless of the majority opinion here that we would collect in time, it was still in some doubt. I also realize that the payment for past use has not done what many had hoped for the stock price. I also acknowledge that there will be some NOK 3G monies owed; albeit now only from 4/27 going forward. And I am sure there was some monies left on the table for Nokia's past 3G usage, Merritt says it was not significant.

All of this I acknowledge. But to jump, as some here have, from the opinion that we made a bad settlement and didn't get anywhere near what some think we should have to inferring that Merritt is misleading shareholders and management doesn't care about shareholders and is only trying to fill their own pockets is a leap that I cannot make; and I think it is unfair, misinformed, and serves no purpose on this board.

[vtem01]

Bulldzr

I completely agree, this is a global business and to get these big players to come to the table and pay is not a simple task plus that we don't have a 'chip' leverage likes Q.

We were so much damaged by another American company Motorola, what can we say<sigh> who is to blame!

[The Count]

Roger, you're welcome.

But to jump, as some here have, from the opinion that we made a bad settlement and didn't get anywhere near what some think we should have to inferring that Merritt is misleading shareholders and management doesn't care about shareholders and is only trying to fill their own pockets is a leap that I cannot make; and I think it is unfair, misinformed, and serves no purpose on this board.
I agree - as stated above, it is unfair, misinformed and useless.
I don't think Merritt is misleading anyone. He is putting the best spin on the settlement, as he should. It's his job to put out IDCCs side. He does it very well. He damn well better be an advocate and posture to make IDCCs public image as strong as possible. We, as investors, need to unwind the spin to get to the unvarnished truth.
I don't think management cares how shareholders do on their investment, nor should they. They need to care about long term share price. There is no reason for them to care about me - I decide when to buy or sell. If they "help" me sell at a higher price, then they are "hurting" the person I sell to. Those who think management should rush announcements to help before option expiration have a serious misunderstanding of how management should build shareholder value.
I do believe that everyone has there own interests at or near the top of their priority list. One tends to view their own contributions and efforts very positively. Therefore given the chance, people give themselves a favorable deal. It is our duty as shareholders to make sure they justify their compensation as fair and reasonable based on the work done and results achieved. I'll leave it there as it is pointless to start up the compensation debate again.

Frank