IDCC is vulnerable to takeover offers from others besides Nokia. $150 million in the bank and the prospect of $300-400 million from arbitration plus 3G growth and Gov't contracts makes for a tempting target. IDCC will have to defend itself.
i would say that 35 is low if you were trying to buy the whole company. but what if you had bought 5% on the open market and wanted another 5%? would you pay 35 for a stock that had been stuck in a trading range of 16 to 17 for months? probably if u thought it was going higher. how many shares is 5%? would it be in the companies/shareholders interest to buy them back at a 17.5 cap in order to close the deal?