Monterey, IDCC does have unlimited money as they continue to earn. Every share that they buy is gone off the market. When the shorts can not borrow they have to cover. If IDCC buys their 11% of the company at $75 (9% +2% overage) that would put the share count below 26.4M shares which is below institutions and insider holdings. In that case I will have a lot of fun...I believe that their end game is to take it private for $125 as the bonds are hedged to that level.
Monterey2000, another way to look at IDCC should they sign OPPO, VIVO and Lenovo this year their recurring revenue would be $135M-$140M per Q against expenses of $75M-$80Mper Q. That means earnings of around $2 per Q. Add in some new royalties from IOT, AI, Cars and film you can get to $2.50 per Q. Should the buybacks eliminate 4M shares it will cause a massive short squeeze. You can determine what you think the multiple should be...
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