I appreciate your retraction. Harry is well compensated, and by golly, I will be too. Harry came into the company when it was basically upside down after it was defeated by Motorola. That defeat was due to a couple of circumstances.
Lawyers for IDCC where not up front on a few facts and most of all, Motorola pulled the apple pie off the window sill and was able to portray IDCC as a foreign company attempting to take $$ away from an American company. no matter that IDCC was an American company, the technology they were supporting was used mainly across the pond.
Harry came in to a company that was just beaten down and had no money and, more importantly, had tarnished credibility. He gave money from his pocket and put it at risk because he saw something good, or he saw an opportunity to jump into a situation where the company was distressed and he could make a buck.
Amazingly, that is why I jumped in when I did. I saw a company that had an incredible product and story that, like Harry, I thought it would not be long before I will capitalize on my investment. I took advantage of the fact that the share price was in the throne. I bot from $23 down to under $5 and have an average of around $7.
we all got into IDCC to make a buck. Some of us took fliers on Options, some on margin, some went short and some got hosed. It all depends on how you, me, or Harry choose to get to that gold ring. I chose to buy and hold, painful as it has been, I have only freaked once and sold some only to buy back with a few more than I sold, but while I was out, greed was in control and I could not live knowing or thinking that I would miss the "big one", because I know IDCC would have the big one, just as I believe Harry believes.
only one CEO that we had has pizzed me off. Greckenstien. He could not keep his head down when the bush wacker was clearing the land. He was short lived and I was very happy with that.
Howard was perfect to take his place. Howard was guarded at a time we needed to keep our heads down. He governed over a very tough time for the company. he kept the coffers as full as he could and tried not to cause trouble for the big boys. he made some mistakes and at a point in time when we needed to stick our head up and announce that we are still alive, he could not do it. His style of driving behind the wide load at 45 MPH for miles had served us well and had come to an end.
Enter William. He had the fur to stick our head up and proclaim here we are and we deserve our money. He was the right person to have at the helm at that time.
Harry made all these decisions.
Thank you Harry
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