Replies to post #417907 on InterDigital Inc (IDCC)

[jeffree]

Ok accountants...time for some serious analysis...!!?


the Company has these convertibles, warrants, and hedges for 2020...
It sits on money market and other short term "investments" that earn a whopping .008 per year...

Financial engineering at its best...??!

Any intelligent comments appreciated...

Money market and demand accounts ............... $404,074
Short-term investments ...... $404,751 $118,511 $25,425 total $548,687
Average Interest rate ........ 0.8%
(in 1,000s from 2016 annual report)


tia


...jk...

[LTE]

mmbtx_1, thanks for the info:

<<In connection with the cash dividends previously announced by the Company and paid on October 26, 2016, January 25, 2017 and April 26, 2017, the conversion rate for the Notes has been increased to 13.8664 shares of the Company’s common stock per $1,000 principal amount of Notes.>>

It looks like a new $72.12 conversion price.

Does anyone remember the old conversion price?