Replies to post #327977 on InterDigital Inc (IDCC)

[olddog967]

Shallowmind: Your comments have got it right. The other responding posters apparently didn't look at the remainder of his sentence which was: "I would still take $75 if that (is) all they could get.

To each is own. While it might be nice to wish for the moon, you have to accept reality sometime.

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RE $75/share. I read his comment as saying that if $75 was the best offer we got from AAPL or GOOG ar other bidder, he'd accept it. I would, too, for it (the bid) would establish the true value of our IP. I think that last sentence is true whether the bid is $75, 100, 200, or $500

[jmspaesq]

Duke:That WOULD be the MARKET defining the value of our IP

Because Wall Street is NOT the true market in this instance; the TRUE market is what our IP is worth is Google APPL and others; Wall Street notwithstanding.

But the offer is going to be far in excess of $75 a share.

I would actually vote against $75 a share. But pretty sure my vote isn't going to make or break the question.

IMHO the only way we don't get bought is IF we are worth too much for Google APPL etc to afford us meaning it would cost them far $175 or more.

[The Count]

We will all take $75

if it is the highest offer. While many of us may believe that IDCC could easily exceed that price based on fundamentals (especially with a positive CAFC decision), the majority of the stock is held by institutions. Danny Detail or anyone else with experience in this area can correct me if I'm wrong, but my impression is that they would choose to sell at $75 rather than wait for IDCC to execute on its business plan to bring the price up. They need winners, and IDCC at $75 is a big winner for everyone who held it before the announcement of the sale. Bonuses are based on current performance. So my opinion is that the institutions will agree to a sellout rather than let the stock price fall back to the $40s. If the majority of the stockholders are willing to accept the offer, it's a done deal.

Before people get crazy, I'm not predicting that's what we will be sold for. The key is having multiple bidders for IDCC. At that point what our rock bottom acceptable price is not relevant. It will be about how much the second highest bidder is willing to pay. We will be sold for a bit more than that amount. My one concern is that Apple or an Apple led group may face antitrust issues in light of their purchase of the Nortel patents. If they are buying it to prevent Google from getting cross licensing power, the DOJ may step in. Take Apple out of the equation and the bidding war doesn't look nearly as explosive.

[dmiller]

ShallowMind...you're exactly right. Thanks for your reading comprehension skills.

RE $75/share. I read his comment as saying that if $75 was the best offer we got from AAPL or GOOG ar other bidder, he'd accept it. I would, too, for it (the bid) would establish the true value of our IP.