Replies to post #431547 on InterDigital Inc (IDCC)

[Monterey2000]

Since both of our converts are in the money now, the diluted share count in our guidance includes an estimated 1.2 million shares of accounting dilution. It's important to note that while the converts are dilutive from a GAAP standpoint, they are not economically dilutive below $106 due to hedges we have in place.