Replies to post #212068 on InterDigital Inc (IDCC)

[GAB]

Danny....If olddog is to be believed (and I believe him) yesterday's 8k had nothing to do with FD with respect to Mr. Shay's comments. See olddogs post in below link:

http://investorshub.advfn.com/boards/read_msg.asp?message_id=27884360&txt2find=fd+

[mschere]

On target post..Shay did not place his ATTY license at risk..since another Atty. signed off on IDCC's 8K..and IMO: that Lawyer is sleeping well tonight.


Count .. As far as I know, interpretations of body language (smiles etc.) do not require disclosure under FD nor do off-hand comments like Shay made about April 11 which are subject to widely differing interpretations. If that were the case, every meeting between sell-side analysts and company management would have to be video taped and distributed to all investors immediately after the meeting took place.

I've thrown out my thoughts about why they issued the 8K but I'm as clueless as you and everyone else as to the real reason. The difference between us is that I don't obsess about an event over which I have no control or even know with any degree of certainty the details thereof. I am far more puzzled why you and others insist on reverting to this kind of manic behavior every time an IDCC event has even the slightest degree of uncertainty about it. Do you really think that you are going to come up with THE answer, one upon which you are willing to make a personal buy, sell or hold decision? If not, why are you (and others) wasting so much time and emotion on it?

No you are not a WS expert .. not even close. I'm not one either but I know a hell of a lot more than you do about the subject. Why is that so hard for you to accept? I have no trouble accepting that I don't have a clue about the relevant legal matters, accounting issues, wireless technology, etc. So, I rely on the views of Loop, Wizzeresq, Ghors, et al on legal issues, you, Dd, TWFG, Ronny (in the past) et al on accounting issues, DR, lastchoice, et al on technical matters. On management issues I keep my own counsel because I've been there. You see, Frank that is what WS experts do, they rely/accept the views of individuals who are experts in areas they are not. Most importantly they try hard to avoid making conclusions in situations where they don't even know what they don't know. That certainly is not the case with you and others here.

Your baseless cynical assertion that I believe management personnel never make mistakes is really getting old and insulting. What I do believe, from much experience is that it is extremely difficult for someone on the outside looking in to render an accurate assessment instantaneously as to management's competence on a given event like the issuance of the 8K.

Now, the building of something monumental out of whole cloth has never been demonstrated better than today. Let's take a look at the ACTUAL quote that started today's frenzy a la the "telephone game":

I'm a little less optimistic than the market implied yesterday,'' Simonson said today in an interview in New York. Call me crazy but I'm having a real hard time seeing that as proof positive that IDCC should not have issued the 8K because Teecee and ELI-R posted their reaction to Shay's body language and off hand comment. AND, if in the end they interpreted it correctly why aren't you ecstatic about the possible heads up that only readers of these boards got? It will work out no matter what .. if the basis for a settlement is there .. I definitely think it is .. it WILL happen no matter how NOK spins the 8K.

As for your opinion of my WS knowledge and whether it is of value to folks on this board, I couldn't care less what you think. You see, I know what I know and I know what I don't know. Those who are not willing to say the same would not last a day on WS (secret message: that be you, Frank).

MO,
Danny

[The Count]

Brad, we are here for different reasons

You're here to make sure management gets the full benefit of the doubt and to see how your friendly wager on IDCC (5% of your net worth, 1%, less??) turns out. This is your little game to see if you can pick one to beat the experts, but you would only use speculative capital that you can afford to lose. I follow IDCC because I do absolutely make buy, hold and sell decisions based on the news and how I interpret it. It's not an academic discussion for me. You forget that some of us are here to learn about our investments so we can make decisions. We are our own money managers. So it does matter to us because we do trade. What's a waste of time and emotion is following IDCC so closely when you never act on any information. Why do you waste so much time and emotion on it is a better question.

I follow the expert opinions here and I greatly appreciate them. However just because one has experience does not mean that their opinion has worth. You ask Bill Clinton or George Bush Sr about who is best to lead the country and I can guarantee Clinton will pick the Democrat and make a good case, while Bush will choose the Republican and defend his position. Similarly, you will always defend management with the fall back of since they know more than we do, we can't judge. Insightful stuff. So while you may put out a good argument it will always omit any compelling counter arguments, although you do love to throw stawmen up.

Nothing was made up from whole cloth today. IDCC traded 900,000 shares and plummuted 10% in minutes. That is a real event. Yes, I want to understand why that happens and make sure that there was nothing beyond that seemingly innocuos statement to cause the drop. You can see my recent post about catylsts and causes. The Nokia statement was just a catalyst, so it does not affect my long term outlook.

You again ignore what I write and make up my positions from whole cloth. I am very happy to have gotten the color from the court room. I appreciate the efforts of all those that went and reported, and the lawyers that provided their thoughts. After seeing Olddogs post about how IDCC has posted FD in the past, I now believe I was wrong with my guess of why the negotiations were mentioned in the 8K. IF they had been FD, I would have no problem with it. My concern with the disclosure, as I posted Monday, was if the contract was not done then don't expose yourself to potential embarrassment. IDCC had some disappointing news Thursday, yet is up ~5% in the two trading days since then. I don't see a disaster here. Just based on the way IDCC has been publicly embarrassed in the past I was very surprised by the 8K, and I was trying to come up with a logical explanation for putting it out so I could trade accordingly. I put my theory out and I'm glad that Olddog posted his reply. It's information I can use to adjust my thinking.

I ask questions and put out my thoughts to get feedback. I am here to learn, not to preach. However you on the other hand, have a Pavlovian response when you see something that could be construed as criticism of management. You have to discredit the poster. Sorry, Brad, but if anyone takes the time to read my posts they will see I have no axe to grind. I have not criticized management, I just tried to understand why they did what they did so I could make an investment decision. I had picked up some stock on margin when the price was in the teens, and with the potential for big news, I sold the margin stock yesterday and bought some calls, eliminating the margin debt and positioning for the upside. You can go back and clip your coupons, I'm here to invest.

I'd be happy to read and respond to anything further via PM.