Vegas, wouldn't it make more sense for Tai/BofA to stay pat on his recommendation until updated guidance comes out? Tai would risk looking foolish with any change in his recommendation at this time (and I'm assuming all of their private clients were given a heads up prior to the surprise change from neutral to buy). I know short interest is significant, but who exactly is short?
Should we be expecting updated guidance from the company prior to earnings? How and when will the awards and interest be recognized? Is the future income from A.I. able to be estimated at this time? Is there another surprise licensing deal in the works? Has the company bought back more shares? Are there any suitors who want to take this company private or acquire it for all of it's IP?
Any downgrade at this time would seem to be agenda driven and not necessarily supported by the facts (though valuation is as good a reason as any without updated guidance), but that is the game played by some of the analysts who are merely shills or mouthpieces. IDCC was certainly not a game for the faint of heart over these past many years, but they certainly have impressed with their most recent history in how they've managed the company.
Best of luck Vegas.
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