most who continue to P&M about management and timing issues are folks who
played the options and margin game and have lost money. I feel bad for some of those folks.
there are a lot of folks who have been around a lot longer than my 9 years. some (NOT ALL BY ANY MEANS) take it out on management as well.
some have taken to letter writing campaigns
some have resorted to petitions
some have taken Harry to task
some have been ejected from ASMs
some have tried legal actions
some claim that their pressure has worked (kinda like the claims that earth will spin backwards if we drill another hole in it)
I have been amazed that this company has managed to survive the onslaught of MENS for the last 15 years
BUT the most amazing thing to me, is that they have accomplished this feat while ALSO having to deal with their own shareholders actions.
All the different variations of management that I have lived through have each played a part in the survival of IDCC. WM has had the good fortune of presiding over the final stages of the rebuilding effort.
options were used by EVERY company that was in survival mode and the 90s and early 00s were a hard time to retain even mediocre talent even for thriving companies, let alone a brutalized high tech company that had a target the size of Niagara falls on its back.
They kept their heads down in the hopes of keeping IDCC in tact, and after listening to many of the P&M crowd here, most would conclude management did a better job than a lot of folks here could have done.
Options were a part of business. they were not curtailed by the work of Mikey and his crew, as some would have us believe. I think actions at Enron and accounting measures taken as a result, may have had more to do with it than Mikey.
no, I think Mikey was working for a group trying to take the company private via hostile takeover. no other reason to attempt to change bylaws to force the use of "term limits" on the board.
There were many here on the board that became his patsies. I don't blame them for their actions. some folks can be lead easier than others. I do blame him for the scum that he is and the underhanded tactics he employed. He drifted away after he was unsuccessful in his efforts.
this has been a wild 9 year ride. seen a lot of folks come and go. seen a whole bunch of different agendas on both sides of the bid. it has been a very interesting, as well as educational, study in the market, international business, court systems, greed, fear, and human nature.
This investment has changed me over the years, but the biggest change is just around the corner.
management will get us there. not any one, or group, from this board will change that. All the P&M may make it more of a pain in the sitting muscle, but it will not change one thing management is going to do.
and I am glad of that!
just remember that many among the P&M crowd have been around a long time and are tired. I get crabby when I loose sleep and expect they do too. Some haven't slept in years.
of course some of this is MO but most is FACT
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