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LTE

05/26/22 11:34 AM

#429956 RE: vegas options #429953

Thanks for pointing out the 3.5% notes - I just assumed that they haven't
been priced yet - I have so much other stuff to read!

The only explanation that I can have is that they're not optimistic about
the Samsung and Apple renewals. But, with that being said, why buyback
stock if that were the case? Secondly, in my view, Chen (the CEO) wouldn't give
up a high-profile role at QCOM to come to a company with dying IP.

So, to me, it looks like IDCC likes having ample cash at the ready for
more acquisitions and more stock buybacks.