Jim....What you state is certainly true: Management should receive credit for the coverage by Frank Marsala and the increase in institutional ownership.
But, in all fairness, I think the following is equally true:
The IDCC insider selling is a negative. It earned a less than positive DJI newswire recently. Also,this past Monday my broker brought Campagna's sale to my attention, pointing out to me that the sale was not well-perceived, based on the small number of shares Campagna owns (forget options).
Institutional ownership, while slightly over 30%, is still nowhere near the level enjoyed by many, if not most, other respectable companies. And it has taken a good while to even get to this point.
Analyst coverage has certainly improved. But IDCC still does not have any of the premier coverage it deserves and, I expect, it will eventually receive.
So, bottom line, progress has been made, which has helped significantly. But this is certainly not the time to sit back and overly congratulate a management who continues a practice of significant, ongoing selling, coupled with a continuing low-ownership base. I am referring, of course, to actual ownership of shares, not ownership of options. This situation does not reflect management confidence in the company. Ownership of options does not require one to pony up any money.
One is left with the sense that this management does not understand Wall Street and the investing public, and because of that they are hurting the share price.
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