olddog
You are correct in my opinion. IDCC cannot settle based on the operative facts.
1. They had a trial date 60 days from the settlement announcement, PR and CC.
2. The case was settled due to a yet unidentified mandate and the costs and attorney fees were not even agreed upon before completing the settlement. Timing was apparently serious according to the mysterious mandate.
3. It is not clear who was the final authority regarding the settlement However, the two officers given the credit during the CC for negotiating and drafting the watershed event sold a significant percentage number of shares outside of a 10b5 plan within days of the announcement.
4. The company made a radical departure from its often stated policy of confidentiality with regard to the Nok and Samsung agreements in its PR, SEC filings and during the CC in an effort to explain the settlement amount as compared with the expectations based on the wireless infrastructure and handset sales of Ericy and Ericy/Sony through the year 2002.
5. Statements were made which could reasonably be construed that the completion with Nok and Samsung was merely an insertion of a figure in blank spaces.
IDCC must complete the arbitration process or achieve a settlement at least in the low range of the numbers presented in the PR and CC.
I have posted previously that my expectations are royalty from 1/1/2003 through December 31, 2006, and anything we get for 2002 will be gravy.
The NEC settlement has been discussed today. The actual result of the settlemnet is IDCC received 80.5 million dollars covering 2g royalty obligations through December 31, 2005, not 2006, unless another event occurs which the company has stated is highly unlikely.
MO
loop