olddog, I actually believe that it says a mouthful. The company has just opened itself up to major shareholder litigation if the process was proceeding poorly and the Board was aware of that.
Think about what it's saying to Interdigital's shareholders. This is new language that is more specific than the previous press release. I believe that these words were chosen very carefully.
As you know, I always have thought you were an interesting chap. Your skepticism seems to always be toward IDCC mgmt, but yet...is there any skepticism regarding MMs, shorts, traders, hedge funds?
That is a statement that says absolutely nothing. It is just about what I expected the company to say if they felt it necessary to make any comment.
The company made a statement. It was appropriate under the circumstances.
This is the beginning of the process. They spoke up. That is more than I expected, but they did. That, of and in itself, is a relief to most of us here.
See it for what it is, you say nothing. I say it is huge.
Concur! It said nothing however IDCC has contradicted with its original press release that “it does not intend to comment further regarding the review process”; none of the following criteria’s would warrant a company press release as it did yesterday.
1. A specific transaction is approved by the Board of Directors. 2. The review process is concluded. 3. It is otherwise determined that further disclosure is appropriate or required by law.
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