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vg_future

07/01/04 6:23 PM

#74450 RE: rmarchma #74448

rmarchma-Thanks for the clarification. Is there a limit on total number of exercisable options+shares that an individual like Merritt can hold at IDCC? If so, I would imagine that he sold because he might be getting more to replace them. TIA

-vg_future
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my3sons87

07/01/04 6:40 PM

#74451 RE: rmarchma #74448

After all the suppositions about Merritt's stock sale. Let's throw in one more what if scenario. And that is, if Merritt is in a matrimonial contestation (divorce) and part of the settlement of marital assets included his shares presently owned (community property), he would have to sell and fork over the monies to the wife. And their are no if's and' or butts about it. Stock going up, stock going down, good or bad news pending. Give the spouse their just due and move on.

Step out of my court.

So, as all can see there can be any number of hypothetical what if's that justify or sanction Merritt's sale.

The direction of a court are not an issue for the SEC or WS, or us. That would and should be highly confidential amongst the parties.
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Desert dweller

07/02/04 1:09 AM

#74475 RE: rmarchma #74448

Ronny, do you know for certain that this was not part of a pre planned sale? I can't believe this was not a preplanned sale considering the company is now in the process (i think) of performing a stock buyback.

I don't believe he would have a totally discretionary sale at this time unless he really really needed the money. I still believe it was a pre planned sale, but I have not done any research into it at all. It is just my gut feeling. Please let me know if you are certain that it was discretionary, although no matter what it wont change what I am doing at the present time.