Replies to post #430668 on InterDigital Inc (IDCC)

[Monterey2000]

So this dutch auction eliminates any stock dilution when the conv. notes convert to stock?

As Vegas indicated, the conversion price is set at approx. $77.49. I have bolded the conversion rates/terms below. This conversion will result in a stock dilution of approx. 5,161,640 shares ($400,000,00 / $1000 * 12.9041 shares). IMO, this dilution will be offset to some greater or lesser degree by the current stock buyback program.

My IH Post 430630 about $400 Million in Conv. Notes

[vegas options]

Gamco, I believe that IDCC put out earnings so that they could do the Dutch auction. I believe that they will buy very few shares through the Dutch auction. I think that the stock will set a new 52 week high this week from the shorts. I have a lot of thoughts where this is going and it is very good for shareholders. Options are going up. It only depends as to where you think the share price is going. I started accumulating a position in the March 52 1/2 calls as I own most of the open interest.