Replies to post #105726 on InterDigital Inc (IDCC)

[badgerkid]

Jim, in conversation with JP, my take away was...

she was extremely surprised by what I call the overreaction in the market place to this news. She stated that nothing regarding the arbitration has changed nor were results known as of our conversation yesterday. She seemed very upbeat about the company's choice to make the change at this time and believes Mr. Merritt to be a good leader with high energy and focus - the right choice for the job.

In my conversation with Ms. Point, I gained a belief that the company is far more focused on future growth than many of us may have believed. We are all stuck on the current event (obviously), but Interdigital is already moving forward with their business, which ultimately is what we as shareholders need. My confidence in Interdigital's ability to go forward in a positive manner has been elevated.

I'm anxious for the conference call if only to reaffirm this positive view.

My thoughts on yesterday's share price drop - "this too shall pass"

Good luck to the longs, I believe that our risk shall be well rewarded regardless of what Wall Street does to us in the short term.

Hope this helps ease some nerves out there.

I'm out the door and gone fishin'

[Learning2vest]

JimLur, once again you have put things in perspective. That makes a LOT of sense IMHO. Thanks!

[Hardball]

The Timing Is "Perfect"????

Well I guess this just proves that many different people looking at the same event can draw different conclusions. Totally opposite conclusions.

I think that the timing was AWFUL.

It would have been better AFTER the arb result--whichever way it goes.

If we won, HG and R.I.P Tilden could ride off into the sunset as heros, giving appropriate credit to Wm Merritt as he rides in, the new sherriff in town.

If we lost, they could have been the sacrificial lambs.

Now if we lose, Merritt will start out with the albatross of the loss around his neck and pretty much his neck alone (departed scapegoats are never as satisfying).

More important, I'll say again, this was handled TERRIBLY! The signal sent out was one of a company in turmoil. The lack of anything more than (to quote Jimlur) "the typical bs story one would expect" leaves the market to assume and speculate about the worst.

Again, it ain't enough to say "smooth transition." IDCC COULD have worked to create the appearance of it, even if there was turmoil behind the scenes.

I think that the signal sent both to the market AND to NOK, LU, Samsung, is one of weakness NOT strength. This can only hurt us in any settlement negotiations that are going on or will go on in any or all of these litigations.

Jim, this does prove one thing to me. You could put a positive spin on almost anything. With all due respect.

I just don't happen to agree that the timing was good OR that this was handled well. In fact, quite the opposite. I think the timing was TERRIBLE and this couldn't have been handled any worse than it was.

[IOP Seer]

JimL, Agree.... and who would know better than HC that dirty laundry must be taken care of before the Big Dance.

Good move for long term. (IMO)


Now that the arbitration is complete and we are within weeks of hearing the decision it was a good time to make the change.

I also think it would have been worse if Goldberg were to announce the results of the arbitration and then two weeks later dump him.

Makes sense to me if there's going to be a change get it done and let the new guy announce the news.

[Menander]

Jim..you observed I could be wrong but as long as this was going to happen I think the timing is perfect and sends me a message.

If this would have happened months ago everyone would have thought the arbitration was going sour. Now that the arbitration is complete and we are within weeks of hearing the decision it was a good time to make the change.

I find this analysis rather confused. You appear to be transposing arbitration with negotiation.

Since no one can possibly know how an arbitration board is leaning, there is no way anyone can come to the conclusion that "arbitration was going sour."

On the other hand one could come to that conclusion in the case of negotiation,only, since that is a matter between NOK and IDCC.

That being the case, then what you pose as a potential downside in replacing Mr. Campagna's hand-picked executives at this time is exactly the downside that has been created
How?

Because it is now widely circulated that the negotiations, not the arbitration were going badly.
So, this was the worst possible time to make this move.

Why?

* If, as alleged, HG did not properly handle NOK offers and other negotiation matters, then replacing him now is definitely a sign of weakness. It means we have a deep desire to settle. And...there is one question none of the pom pom cheerleaders have addressed, since they apparently have no experience with negotiations...IS A NOK OFFER STILL ON THE TABLE? NOK's statements say no, because they say there are no negotiations and no plans for any. So...how does IDCC get NOK back to the table without NOK lowering whatever they may have offered in the past?

* Because HG is Mr. Campagna's handmaiden and could not posssibly have conducted negotiations in a manner Mr. Campagna did not endorse, then Mr. Campagna is the chef who concocted this fine kettle of fish. And he must also start walking.

JMO