Replies to post #110813 on InterDigital Inc (IDCC)

[arthritis65]

spider goes like this..mikey and marshma and freinds put up a slate of new directors for next years asm ...if they win they can vote the poison pill out..and sell to whom ever they deem as a honorable buyer regradless of the price...bod s have that power...

[Hardball]

Spider69: The Sell For Pennies on the Dollar Issue

is that a classified board is generally considered to be an anti takeover device, along with poison pills. Many suspect that the attempt to declassify the board is aimed at making a hositle takeover of IDCC easier to accomplish. Many suspect that a proposal to remove the poison pill will follow. And many suspect that corp has this agenda personally or professionally on behalf of clients since he is in that business.

He has denied a personal and/or professional agenda and I've seen nothing to substantiate the suspicions and speculations and take him at his word--though notably many do not and feel that some of what he says is misleading, some say deliberately so.

Personally I don't find any reason to call him a liar and I have absolutely no problem with his views no matter how frequently stated.

I appreciate corps views and his civil tone although I do NOT agree with much of what he says, but I do defend his right to say it!

JMHO

[Learning2vest]

Spider, it's no longer a secret to anybody reading here that Mike Cohen(aka "Corp_Buyer"), is an investment banker employed by a firm which buys and sells businesses the same way real estate agents buy and sell houses and land.

You still with me? He makes a living helping big companies buy little companies, and the reason big companies want to do that is to make money. The reason HE works hard every day to help big companies do that is because(bet you can guess the next part,...),... Right! HE makes a really sweet commission! Think about millions of $ per transaction. (BTW and OT - Only job I would want if I was 20 again is investment banker. Might even "be like Mike". LOL!)

He, and all of the other investment bankers, had some big problems in getting the "listing" to start selling InterDigital to somebody. First, Harry is the guy making the call on buyouts, and he was not interested the only time I had the opportunity to ask him about that(2001 ASM). Second, IDCC has a very powerful anti-takeover defense in place. You cannot buy IDCC "out" unless the BOD agrees to sell it. Still with me?

Well, guess what? Hard working Mike(aka Corp_Buyer, remember?) took the bold step of proposing that IDCC's wise and thoughtful shareholders might want to disable that BOD. Put them up for re-election every year, and see if he could get his own "Let's sell it" pals into those board seats.

Holy smokes! Sure looks like we voted to do just that today. How much are YOU hoping IDCC will be worth in the future? OK. How much do you think the big company Mike hopes to sell IDCC to one day will offer? Here is a clue. Much less than it would be worth, i.e., chump change. The kind of money dumb assed, and short-term thinking shareholders cause ALL of us to take for our shares when those shareholders either don't understand what they are voting on, or just want the "quick buck" and out. Same for funds.

Hope that helps, because I'm about done for the day.