teecee, you've been around long enough to know that a hold is much, much better than non-coverage. This means that IDCC has a whole other set of eyes watching for good news. Unless it is an outright sell and this isn't then this is very positive for the future. More eyes mean more potential BUYERS.
In reply to why an Analyst would initiate coverage with a non-buy...
Fact..As of 4/29/04..FIVE Analysts projected a loss of 2 CENTS for IDCC's First Quarter..
Fact..4/30/04 IDCC provided guidance of plus 6-8 cents..
Fact.. History reflects that these same FIVE Analysts estimated that IDCC would earn 8 cents..and IDCC actually reported 10 Cents.
*Long-Term Growth uses Median Est. in place of Mean Est.
Earnings Surprise Mean Est. Actual Surprise % Surprise $ Last Qtr 0.08 0.10 25 0.02
Fact..Currently FOUR ANALYSTS estimate IDCC will earn 4 Cents for its Second Quarter 2004 and a TOTAL of 27 Cents for all of 2004..
Earnings Estimates Mean Est. High Est. Low Est. # of Est. Qtr Jun 04 0.04 0.05 0.02 4 Qtr Sep 04 0.05 0.07 0.03 4 FY Dec 04 0.27 0.32 0.21 4
IMO: IDCC will provide GUIDANCE on 7/30/04 of earnings for the SECOND Quarter 2004 of plus 12-14 CENTS..and will blow that estimate away..when they report earnings on 8/9/04 of PLUS 18 CENTS ..which will EXCEED in 2 Quarters the total estimated earnings by these Analysts for the full Year 2004..
I will repost this post during the second week of August..
News 
Market Data 
Discover 
AI
