Replies to post #94012 on InterDigital Inc (IDCC)

[mschere]

Most Company's have completed their 4th Quarter earnings report..and the work in many cases was done by IDCC's Auditors..with this footnote..

*Higher than expected cost of finalizing the implementation of Sarbanes
Oxley Section 404 requirements.




Sorry. Still can't buy it.

What does IDCC have, 35 customers?

$120 million in revenue?.

[dndodd]

SOX is a whole new world that the accountants rule. Put in place to stop the Enrons, Healthsouth's etc.

It is a royal pain. The executives in those companies were at fault, now to protect all the exec's the peons have a lot more work to do. Hard to understand unless you have learned to live with it. Very costly and time consuming.

[Desert dweller]

ranger, re SOX, its impact is far reaching. While you are correct that IDCC has relatively few employees, the impact of SOX is significant even to IDCC. The other thing to consider, is the fact that as a result of SOX, IDCC's auditors now have way more work to do for all their other clients in addition to the extra work for IDCC. What that means is that the scheduling for IDCC could easily be pushed back since it is a smaller company. I am so glad I am no longer in public accounting because although SOX is supposed to only impact public companies, privately held companies also feel its impact. Trust me on this one, SOX sucks to the accountants.