I don't know how this will play out
My thoughts right now are that we should be worth at least $5 billion, or $100 a share, based on $4.5B for patents (using Nortel as a benchmark)and $0.5B in cash, and assuming 50 million shares after dilution for the convertible debt and options.
I have not made any defensive moves with my IDCC stock. I am a gambler, and because I would really like to begin semi retirement now, at 53, I am not selling. I believe that the stock is more likely to be bought out then not, and that the price will be at least the $100 per the above. I'm betting my life savings on it. Not a prudent choice nor one I'd advise to anyone else. I'm just putting it out there so that no one is mislead by my earlier post thinking that I backed off. I did take a hard look at the situation, but the premiums on the options are so high right now that it did not make sense for me. In addition, I'd have to sell some shares to buy puts in my IRA accounts. So I am still all in.
Google, Apple, Microsoft, time for you to show who it the biggest, baddest company out there. Show me the money!!