GAB.
I think Merritt and others at KOP are realists.
When all the patent-shouting is over, they must know that there is no room for two QCOM'S, if for no other reason than it adds significant (often duplicate) cost and considerable aggravation to the very customers they are pursuing.
Frankly, I don't blame anyone for trying to reduce these costs. And Nokia has never had a better opportunity to do so. But, rather than acting like adults and simply paying the price by acquiring IDCC, they chose to spend that money on lawyers, and act like children.
Bottom line: After spending more than a few years in business, I've found that being acquired is foremost in the minds of executives in small companies.
I believe they would consider offers of $50 and above.