For the sake of argument, let's say IDCC has $96 million in Q4 2010 revenue. We know that 14.25 million drops off from LG in Q1 2011 (until they renew their license which is almost a foregone conclusion). Assuming Q1 revenue guidance is $92-96 million...that really equates to Q1 revenues of ~ $106-110 Million. It will be interesting to see how the market views this (and how the shorts try to spin the relatively flat revenue numbers Q over Q). FWIW, Q2 should show the significant growth we have all read about in Q1 smartphone sales...which appear to blow the top off due to worldwide Android popularity (HTC and Samsuing especially) and the Verizon introduction of the I-Phone. Also, let's not forget the I-Pad clones should start gaining steam as well, as will M2M.