Nokia is a licensee, but we can't take for granted that the panel will definitely agree with us - that the S/E contract is a trigger for the rate in the Nokia/IDC contract. Panel may rule that Nokia and IDCC have a valid contract, but that no rate can be established at this point. At this point, Nokia (and the majority of the investment community)think that is exactly what the panel will say. If Nokia thought the panel would rule that S/E is a trigger - they would have settled by now. If the investment community was certain the panel would rule S/E was a trigger, we'd be trading in the $50 to $80 range right now.
That's the great thing about this investment - the risk. Risk and uncertainty make this an attractive investment. If you understand the company and growth potential and have the balls to invest (some would say speculate) and not sell when other, risk adverse investors are selling, you stand to make a truck load of money - that is, if we're right.