Corp_Buyer -- I assumed nothing, simply made a correct observation.
In particular given your background -- if you were truly opposed to a takeover, your position inevitably would reflect a much deeper understanding of the fact that the classified board structure has EVERYTHING to do with IDCC's ability to defend against a hostile takeover (in its own right, every bit as strategic as the poison pill). Your posturing to the contrary, re 'improving corporate governance and shareholder alignment', is unconvincing.
And I couldn't care less about the latest poll of the sentiment of institutions re classified boards in general -- institutions often enough operate within a short-term focus and welcome tactics that promise short-term gains.
Much more important to me is that IDCC, in terms of its even modestly longer-term percentage appreciation potential from its current price, is NOT just some stock whose current share price is possibly being hindered by some merely self-serving classified board setup.
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