Replies to post #66830 on InterDigital Inc (IDCC)

[easymoney101]

Thanks Jim for all your hard work! All have a great night.

[captainslog]

This is really the best report that I've read on Interdigital from an analyst. He seems reasonable, and very well informed. Very complete and factual.

I have to add that it's GREAT to the The Street on Our side of the fense. I invested in a company that the Street pouneded into the ground with negative articles and it hurt everytime Goldberg stung. To have these guys supporting IDCC is a great boon for us. A positive article from the Street tended to drive stocks up in the past. I don't know about now, though.

Anyway, the report in fair and well researched and written.

Thanks Jim for making it available.

[My Dime]

Thanks Jim and Easy...lol, bought some more yesterday, again, but obviously not enough to hold the price up. Sure takes faith..

[olddog967]

Jim; As other posters have said, thanks for the report.

Because of the many uncertainties, I believe the report is probably on the conservative side. For the Nokia/SamSung arbitration the analyst's estimates are based on a minimum settlement amount of 165 million. In addition, no contributions were factored in for any new 3G agreements, or from Infineon. I would also add on my own, that there was nothing for true-ups for any past 2-2.5 infringements.

If IDCC is classified as a buy under what the analyst considered, it should be a super buy if any of the above items turn out to be more positive than predicted.

[jai]

Thanks Jim and easymoney.

This is actually the best report I've ever read on IDCC. It is very well researched and accurate. The detail is incredable. Almost makes you want to buy more.LOL.

[ams13sag]

Thanks for the information. At first glance a few questions come to mind.

1. They indicate under the heading of Catalysts, that they believe that the JPO will activate a royalty agreement with Panasonic by validating IDCC patents.

1.1. They do not give any indication as to why they expect the JPO to validate the patents.

1.2. If they beleive that the above will happen, then why in either the 2q04 or 3q04, do they not reflect what impact a validation would have on the EPS, after all they make the assumption for Nokia/Samsung.

2. They expect the N/S arbitration to conclude sometime in April/June 05, quite some time later than what management has indicated. The figures that they mention as far lower that that touted by the management prior to the massive insider selling.

3. They indicate that Samsung will most probably sign a 3g license but make no mention of Nokia doing the same. !!

4. They make no mention of the effect a resolution of N/S would have on the other infringers, such as Siemens, Lu, Alcatel etc.

5. They indicate that they expect the company to sign two new 3g licenses with manufacturing companies, but do not seem to reflect the expected true up or ongoing revenues that would flow from them in the EPS, perhaps they expect the impact to be relatively small or equally so that costs will continue to rise at excessive compound rates so as to continue to erode profits at the expense of shareholders but to the advantage of management.

AMS