Replies to post #420984 on InterDigital Inc (IDCC)

[olddog967]

vegas options: I don't understand what you mean when you state that for the 5,024,349 IDCC shares reported by BlackRock as beneficially owned, " It is not their investment".

Although the share investments may may have been made by various BlackRock subsidiary activities, BlackRock Inc, as the beneficial owner, is the company that has voting power and the power to dispose of the securities.

"Rule 13d-3 - Determination of Beneficial Ownership
a) For the purposes of sections 13(d) and 13(g) of the Act a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares:? 1. Voting power which includes the power to vote, or to direct the voting of, such security; and/or,? 2. Investment power which includes the power to dispose, or to direct the disposition of, such security.?

[gejebr3]

Vegas - I understand what your saying and read your followup posts with olddog - thanks for the clarifications.

the net result still seems the same though, whether IDCC is added at the discretion of subsidiary firms or through creation of new funds, someone(s) at Blackrock or their subsidiaries seems to like IDCC, as the holdings of the sum of the parts continues to increase

Is it common for Blackrock to own nearly 15% of a company's float?

They're certainly a big enough company to own pretty much whatever they want, just wondering.