dmiller
I hate to disagree with you, well no I don't but management can only do so much about representing the company. They can only generate press releases when they have a event that calls for a press release. They can only sign those who are willing to license and the others they have to sue. Management can buy back stock and pay dividends both of which can improve the stock price. Managements job is to increase longivity of the company and be profitable, and not watch the stock. Can management buy stock and sell puts sure they can, are they doing it, damned if I know. Should they be doing it of course they should and based on Merritt's comments about 300 million they should sell 3 million puts and collect the money and if they had the stock put to them they could easily afford it and if they bought 3 million and had 3 million put to them then we are talking now 37 million shares outstanding and a stock price that would be higher so its a no lose as long as they see constant revenues.
IDCC will in my opinion get new license agreements and renewals, and they will either settle with Nokia or shove it up Nokia's rear end. You can't have a company say your pilot code patents are essential and not be infringing can you? So all who think it has been about a few patents don't know their rear end from deep left centerfield. Its about how much Nokia will pay and will pay for sure. So please don't even give the impression that others will not be licening when thats not true. We have already seen it happen.
Management can stop issuing so many RSU'S and pay cash bonuses, and that would help for sure. Management could pay dividends and that would help for sure. I however if I had to say anything that management should do, it would be to continue to make the company as profitable year over years as this year has been and we would have a bonanza in the stock price. While other companies was losing money, and market share, IDCC was increasing revenues, and if one licensee lost market share another gained.
We all like to bitch but in reality they have done a heck of a good job. They didn't bow down and take crumbs from Nokia, WHY! because they know Nokia owes them a reasonable rate and by golly they are going to get it, even if you don't believe it. They have lots of cash and debt free. They have many options and are not subjected to the pressures from any company including Nokia.
IDCC is independent strong finacially and is and will continue to be a company to be dealt with and more so in the future than ever. My greatest day will be when those SOB"S at Motorola have to write a check to IDCC. I hate those people. Bottom line management could have done a hell of a lot worse.
JMO
Mickey
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